The pandemic has recalibrated the power dynamics between employers and would-be employees in favor of workers, and this shift "could persist for years," the New York Times reports.
Why it matters: With workers having the upper hand, employers are trying to lure them into the workforce by offering higher wages and more benefits, as well as loosening up the stringent requirements for potential applicants.
Two members of the Senate Intelligence Committee, Sens. Mark Warner (D-Va.) and Roy Blunt (R-Mo.), called on Sunday for greater regulation of cryptocurrencies in order to crack down on ransomware payments from cyberattacks.
Why it matters: Last month's hacking of the Colonial Pipeline underscored the nation's vulnerability to large scale ransomeware attacks and increased attention to the importance of cybersecurity.
The federal government's foreclosure moratorium — designed to help homeowners weather the pandemic — is ending later this month. But that doesn't mean foreclosures are about to come roaring back.
Why it matters: The housing market is very tight, and people who lose their homes right now can find it very hard to find somewhere else to live. The good news, however, is that foreclosures are almost certain to remain extremely uncommon until 2022 at the earliest.
El Salvador's President Nayib Bukele said Saturday he will send a bill to the Central American country's Congress next week to make bitcoin legal tender.
Why it matters: If the legislation is passed by lawmakers, El Salvador would become the first country to formally adopt the digital currency.
United Airlines will from June 15 require all new hires based in the U.S. to show confirmation that they've been vaccinated against COVID-19, CNBC first reported Saturday.
The big picture: United is the second major U.S. airline after Delta to require new staff to have the vaccine. "As we welcome new employees to the company, it's important we instill in them United’s strong commitment to safety," United said in a note to staff also shared with Axios.
The U.S. Securities and Exchange Commission has generally been a pretty sleepy regulator — as evidenced by Tesla CEO Elon Musk’s continued tweets despite a pricy settlement — but new chairman Gary Gensler might change all that.
Driving the news: In the short period since Gensler’s nomination, the SEC has taken an interest in hotly watched areas like cryptocurrencies, blank check companies, private funds and climate change.
