Photoshop Will Not Allow Me to Save PSD files

Since this new update photoshop will not allow me to save .PSD files and several other "Save As Copy" file types are missing (see attached photo). For the "Save" function I only have the PSB and Tiff option regardless of the size of the file as I've even tried to save a blank file at 11x17inches. The files that are saved will not open or upload to webistes. I checked previous files that I had created prior to this update and they all work fine so it's not a wesbite issue, it's a photoshop issue. I've RESET TO FACTORY settings that did not fix the issues, I also uninstalled and re-installed and that did not fix the issue. What is going on? I do small graphic design work and need photoshop for my printing business. I have never had this issue and it seems like there is no fix. (All my styles and uploaded effects were also deleted when the last update happened). Since photoshop is a cloud program, no matter what desktop or Mac I use it on, it doesn't work properly.