Repeat problem with latest Photoshop update - cannot resize or rotate a placed image, also max jpeg

[TheThinkProject2018]

Since the latest Photoshop update, I have not been able to resize or rotate a placed image.

This happened in 2021 and I had to revert to an older version. It eventually came right. 

But it has happened once again. It seems I have to either create multiple documents to create the right size or rotation or use a different program entirely to do basic things like resize and rotation, or revert to an older version. This makes no sense to me.

This is such a basic function. Is there a way to fix this please?

One other thing, export to JPEG is to a max quality of 7. Wasn't it higher than this before?

[Stephen_A_Marsh]

The first issue may be graphics processor related:

(A) Preferences > Performance > Graphics Processor Settings > Advanced Settings > Untick GPU compositing, then quit and restart Photoshop

(B)  Preferences > Performance > Graphics Processor Settings: Untick Use Graphics Processor, then quit and restart Photoshop to see if this fixes the issue (not a great fix, but it is what it is)

On the second point, Adobe changed the markers on the scale, so at the high end, 7 is equivalent to 12.