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Strategy, GameStop Lead $50 Billion Institutional Surge Into Bitcoin as Treasury Asset

Institutional interest in bitcoin has surged, with companies like Strategy and GameStop leading the way in using it as a treasury asset.
Strategy (formerly MicroStrategy) has amassed 580,000 bitcoin worth $63 billion, primarily focusing on bitcoin treasury operations.
GameStop has announced a $1.75 billion issuance to buy bitcoin, following an earlier acquisition of $513 million worth of BTC.
The Blockchain Group in Europe declared a $300 million issuance to purchase bitcoin, showcasing the trend of companies using bitcoin as a treasury asset.
Companies are diversifying their strategies with structured notes, hedging instruments, custodial accounts, and Bitcoin-backed loans.
Regulatory milestones and institutional involvement, like CME Bitcoin futures and approval of spot bitcoin ETFs, have added legitimacy to bitcoin as a corporate investment.
Recent investments by institutions like Brown University in BlackRock's bitcoin ETF indicate a broader acceptance of cryptocurrencies in diversified portfolios.
Challenges remain in navigating financial tools for strategic diversification versus speculative risk in corporate treasuries using bitcoin.
The accounting treatment of crypto assets, counterparty risk, liquidity constraints, and regulatory uncertainty present complexities in corporate crypto strategies.
Corporate treasurers face the key question of defining bitcoin's role on the balance sheet: hedge against inflation, speculative instrument, or strategic brand signaling.
The appropriateness of bitcoin exposure on the corporate balance sheet depends on the business type, risk profile, and strategic goals.

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Bank Of America Promotions Of 2025: Earn $300

Bank of America is offering a $300 new account bonus for personal checking accounts, requiring a set amount in direct deposits within 90 days.
The promotion is valid until June 30, 2025, and the bonus will be deposited into the account within 60 days of completing the requirements.
Qualifying direct deposits include paychecks, pension payments, and others, while certain deposits like wire transfers are excluded.
Individuals who haven't owned a Bank of America personal checking account in the last 12 months are eligible.
The offer cannot be combined with other personal checking promotions and is limited to once per customer.
For business owners, Bank of America is offering a $200 bonus for opening eligible business checking accounts.
This promotion requires a new money deposit of $5,000 within 30 days and maintaining the balance for 90 days.
New money refers to funds not previously held in Bank of America or Merrill Investment accounts.
Business owners who weren't on a Bank of America Business Advantage Banking account in the last 12 months can participate.
The business account promotion expires on December 31, 2025, and the $200 bonus will be deposited within 60 days of meeting the requirements.

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HRKatha

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NASA offers early retirement as budget cuts force major workforce reduction

NASA is offering early retirement and deferred resignation options to employees as a cost-cutting initiative in response to budget reductions.
The plan aims to reduce NASA's workforce by nearly a third by 2026, aligning with proposed budget cuts.
Employees opting in must decide by July 25; those choosing Deferred Resignation will stop working soon after enrollment but continue to be paid until January 2026.
Eligibility for the program varies based on individual circumstances to ensure ongoing missions are not affected.
NASA is also consolidating its digital operations by streamlining social media accounts across platforms for greater efficiency.
The workforce reduction and restructuring reflect NASA's internal realignment to adapt to shrinking budgets and funding.

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HRKatha

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Odisha government makes biometric attendance mandatory

The Odisha government has made biometric attendance mandatory for all state government employees to improve discipline and efficiency.
The directive from the General Administration and Public Grievance Department emphasizes punctuality as crucial for good governance.
Employees must use biometric systems to log their entry and exit times; failure to do so will result in being marked absent for the day.
Monitoring systems will track arrival and departure times, allowing only a 30-minute grace period thrice a month for late arrivals.
Penalties will be imposed for exceeding the grace period, with latecomers facing deductions in casual leave for repeated delays.
All departments are required to install biometric attendance systems and ensure compliance with the new rules.
Devices must be functional and linked to a central portal developed by the National Informatics Centre for monitoring.
Attendances will be reviewed fortnightly by assigned officers to maintain accountability.
Employees are expected to work at least 7.5 hours per day, barring certain pre-scheduled short working days.
Exceptions are allowed for late work or work on holidays with prior approval to avoid penalties.
Workers on official tours or field duty are exempt from biometric logging if they have proper authorization records.
The new rules do not apply to staff in the offices of the Governor, Chief Minister, and other Ministers.
The mandate aims to increase accountability and efficiency within the Odisha government.
The story is from HR Katha.

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HRKatha

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Employee called out for viewing senior’s LinkedIn profile

An employee's action of viewing a senior colleague's LinkedIn profile sparked a workplace debate online.
The employee shared on Reddit about being subtly reprimanded by the senior for the act.
The incident generated widespread discussion on acceptable behavior on professional platforms.
The employee had simply visited the senior's LinkedIn page without sending a message or connection request.
Many users supported the employee, noting that viewing profiles on LinkedIn is normal for professional understanding.
Some users suggested the senior's response stemmed from insecurity or fear of scrutiny.
The tension between curiosity and intrusion in modern professional etiquette is highlighted.
The majority of users agree that looking up a colleague's professional profile is normal in today's work culture.
The incident reflects the evolving dynamics in workplace interactions.
LinkedIn promotes openness and networking but can still cause discomfort in hierarchical office settings.
The story emphasizes the intersection of professional behavior and online platforms.
The debate raises questions about privacy and boundaries in digital professional spaces.

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HRKatha

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CDC reinstates hundreds of employees after public health concerns

The CDC is bringing back around 450 employees who were previously laid off as part of a federal workforce trimming exercise.
The decision is a partial reversal of the April announcement to cut over 10,000 jobs across health agencies to reduce government expenditure.
The reinstated staff worked in key public health divisions like HIV, viral hepatitis, STD, tuberculosis prevention, environmental health, and global health.
Their work includes areas such as air quality, toxic chemical spill response, lead-poisoning prevention, and global disease surveillance.
The original plan identified over 2,400 positions at the CDC to be cut, with layoffs being part of a federal downsizing effort begun by President Trump.
Public health advocates raised concerns over the cuts, warning of risks to community health and safety.
In response, Health Secretary Robert F. Kennedy Jr. mentioned that certain roles would be restored after the backlash.
The Department of Health and Human Services withdrew termination notices of certain impacted employees, instructing them on resuming work discussions.
Returning employees include members of the CDC's Lead Poisoning Prevention and Surveillance Branch, set to be part of a new division called the Administration for a Healthy America.
The reinstatement reflects the acknowledgement of the necessity to uphold a strong public-health infrastructure despite fiscal reform efforts.

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HRKatha

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44% Indian employers are hiring more because their companies have grown

44% of Indian employers are hiring more due to company growth.
37% are hiring for latest skills to stay competitive.
35% are hiring due to evolving service needs creating new roles.
31% are hiring for new roles due to new ventures.
27% are hiring due to diversity efforts opening new roles.
25% are hiring for specific projects requiring dedicated staff.
13% are backfilling roles opened in the past quarter.
11% are backfilling roles opened before the past quarter.
54% of employers anticipate an increase in hiring.
12% expect a drop in hiring.
Net Employment Outlook for India in Q3 2025 is at 42%.
Hiring outlook in North India is strong at 46%.
Globally, 39% of employers are expanding workforce for tech advancement.
Asia-Pacific region sees more companies expanding for tech needs.

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Forbes

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Latest HELOC & Home Equity Loan Rates: June 12, 2025

Home equity loans and HELOCs allow homeowners to access the value of their homes.
HELOCs provide a variable-rate line of credit, while home equity loans offer a fixed-rate lump sum.
Both options use your property as collateral.
$100K HELOC suits extensive renovations, while $250K HELOC is for major investments.
$500K HELOC offers substantial borrowing power.
Shorter terms like 5 years have higher monthly payments, suitable for faster payoff.
10-year terms balance monthly payments for medium-sized projects.
15-year terms provide lower monthly payments for affordability.
20-year terms cater to larger investments and long-term planning.
30-year terms maximize affordability for substantial borrowing needs.
Building home equity requires on-time payments and avoiding significant home value depreciation.
Increased home equity contributes to higher net worth and long-term financial health.
Mortgage payments help build home equity and increase wealth.
HELOCs allow borrowing against home equity, paying interest only on amounts used.

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Forbes

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CD Rates Today: June 12, 2025 – Take Home Up To 5.02%

CD rates today range from 1.3% to 5.02%, varying by term and institution, with higher rates for longer terms.
Short-term CDs like three-month and six-month CDs offer rates up to 4.67% and 4.94%, respectively.
Twelve-month CDs, a popular option, have rates as high as 5.02%, while two-year CDs offer rates up to 4.52%.
Longer-term CDs like three-year and five-year options provide rates of 4.26%, with potential for higher yields.
Jumbo CDs, typically requiring large deposits, offer rates like 4.94% for a 6-month term.
Comparison shopping for CD rates is crucial, as rates differ between banks and credit unions.
CD accounts require a lump-sum deposit and may have minimum requirements ranging from hundreds to thousands of dollars.
Withdrawal penalties apply if you access funds before the CD term ends, potentially resulting in loss of interest.
CDs provide fixed interest rates and FDIC insurance coverage up to $250,000 for bank-issued CDs.
CDs are a stable investment option, contrasting the volatility of stocks and bonds, supporting long-term financial strategies.

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Forbes

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Mortgage Rates Today: June 12, 2025 – Rates Stand Still

Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.81%, down 0.01% from the previous week.
Consider a 15-year fixed mortgage for lower rates, although with higher monthly payments due to the shorter loan term.
The 30-year fixed mortgage rate dropped to 6.81%, with an APR of 6.84%.
At 6.81%, a 30-year fixed mortgage results in around $652 per month in principal and interest per $100,000 borrowed.
The average interest rate on a 15-year fixed mortgage is 5.81%, costing approximately $834 per month for $100,000 borrowed.
Current rate for a 30-year fixed-rate jumbo mortgage is 7.14%, with a total interest of $143,365 over the loan term.
Mortgage rates fluctuated in 2024 despite Federal Reserve rate cuts, with a slight decrease in early 2025.
Experts forecast no significant drop in rates, influenced by economic factors and global events.
Multiple factors impact mortgage rates, including U.S. Treasury bond yields and Federal Reserve decisions.
Improving finances and maintaining good credit score can help qualify for competitive mortgage rates.

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Forbes

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Current Mortgage Refinance Rates: June 12, 2025 – Rates Fall

The 30-year fixed refinance rate is currently at 6.88%, while the 15-year fixed-rate refinance is at 5.8%.
For a 20-year mortgage refinance, the average rate is 6.72%.
The average rate for a 30-year fixed-rate mortgage refinance has held steady at 6.88% this week.
The APR for a 30-year fixed-rate mortgage is 6.91%.
A 20-year fixed mortgage refinance averages at 6.72% with an APR of 6.76%.
15-year fixed refinance mortgage rate stands at 5.8%.
The APR for a 15-year fixed mortgage is 5.85%.
30-year fixed-rate jumbo mortgage refinance rate is at 7.19%.
15-year fixed-rate jumbo mortgage refinance average rate is 6.47%.
Refinance rates are generally slightly higher than mortgage rates.

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Today’s Top Money Market Account Rates For June 12, 2025 – Rates Hit 4.89%

The current average money market rate is 0.53%, with the highest rate reaching 4.89%, as reported by Curinos.
Money market accounts (MMAs) offered by banks and credit unions function like savings accounts, where deposited money earns interest and allows for withdrawals with some restrictions.
MMAs generally offer higher interest rates than traditional savings accounts and may provide debit cards and check-writing capabilities for easy access to cash.
Funds in MMAs at banks are FDIC-insured, while those at credit unions are insured by NCUA, with coverage up to $250,000 per account type.
When considering a money market account, compare various options for minimum balance requirements, fees, withdrawal limits, and APYs to find the most suitable choice.
To open an MMA, applicants need to provide personal details, such as identification, address, and Social Security number, and make an initial deposit after approval.
Money market accounts combine features of both savings and checking accounts, offering a balance of high-interest savings and accessible cash reserves.
Eligible for Web Story: true

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Forbes

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High-Yield Savings Account Rates Today: June 12, 2025 – Rates Are Steady

Savings account rates have remained steady compared to last week, with the highest yield reaching 5.84%.
Traditional savings accounts now offer higher yields, particularly from online banks and credit unions.
The average APY for a standard savings account is 0.22%.
High-yield savings accounts typically offer substantially higher interest rates.
The best interest rate for high-yield accounts with a $10,000 minimum deposit is 4.88%.
The average APY for these accounts is 0.23%.
For high-yield savings accounts requiring a $25,000 minimum opening deposit, the highest rate available is 3.94%.
The average APY for these accounts is 0.24%.
Consider factors beyond interest rates when choosing an account, such as minimum deposits and fees.
Ensure the bank or credit union is reputable and insured by the FDIC or NCUA for up to $250,000 per depositor.
Curinos calculates average savings account rates for personal use accounts, excluding certain specialized accounts.

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HRKatha

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Why govt staff may have to wait till 2028 for pay revision

Over 1.2 crore Central government employees and pensioners are waiting for the rollout of the 8th Pay Commission.
Despite government's approval in January 2025, the Commission has not been set up, no chairperson appointed, and Terms of Reference not finalized.
If delays continue, the revised pay structure may not emerge by January 2026 as originally scheduled.
Historically, previous Pay Commissions took years from formation to implementation.
Delays in setting up the commission may push the report preparation to 2027 or 2028.
The uncertainty raises questions about conducive political and financial conditions for implementation.
Government staff and pensioners are left with no choice but to wait.
Only administrative steps, like inviting employees for deputation posts, have been taken so far.
Lack of leadership and defined objectives hinders the commencement of actual work on recommendations.
The longer the delay in setting up the commission, the further postponed the report and implementation will be.

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HRKatha

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“We’re a sustainability organisation—we’ve been green since when green was just a colour in the crayon box,” Sanjeeb Lahiri, CHRO, GRP

Sanjeeb Lahiri, CHRO, GRP Ltd, discusses transforming the company into a sustainability leader, repositioning it from a traditional recycling business to a sustainability partner with strong family values and employee loyalty.
By adopting the SDGs and focusing on adding value to the environment, GRP shifted its narrative towards sustainability, launching extensive communication campaigns and instilling pride in employees.
GRP's talent approach emphasizes purpose-driven strategies, leading to a workforce passionate about sustainability and creating meaningful contributions through innovative solutions.
The company fosters a distinctive talent ecosystem driven by passion and purpose, attracting global clients like Continental, Bridgestone, and Pirelli with its impact-positive journey.
Knowledge transfer between veteran operators and digital natives at GRP is facilitated by a culture of care, warmth, and trust, allowing for seamless sharing of expertise and experience.
GRP reimagines career progression models by allowing employees to define their own paths, encouraging cross-functional movements and innovative contributions within the organisation.
The Future Leaders Programme at GRP focuses on mentorship, individual development plans, and cross-functional movements, showcasing success stories of internal talent growth and leadership development.
As sustainability manufacturing evolves, GRP emphasizes talent effectiveness, innovation, and the impact of purpose-driven work, providing opportunities for individuals to contribute meaningfully and grow within the sector.
GRPs supportive culture, focus on dignity, and emphasis on purpose attract talent looking to be part of an impact-positive journey in the sunrise sector of sustainability.
With a positive outlook on the future of sustainability manufacturing and the changing skill landscape, GRP remains optimistic about talent growth and innovation potential within the sector.

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