California Superintendent of Public Instruction Tony Thurmond, along with education leaders from across the state, expressed strong opposition to President-elect Donald Trump’s plan to abolish the U.S. Department of Education. Thurmond stated that this move would pose a significant threat to the quality of education that students need for a successful future. During a press … Read more
History departments in the U.K., especially in post-92 universities, are facing significant cuts, potentially leading to the subject being dominated by elite institutions, warns a report by the Royal Historical Society (RHS). The report highlights a growing gap between the popularity of history as a subject and the job security of historians in U.K. universities. … Read more
By Savyata Mishra (Reuters) – Kraft Heinz (NASDAQ:) adjusted its annual forecasts for organic sales and profit on Wednesday due to repeated price hikes impacting demand for the company’s branded products such as Lunchables meal kits and Oscar Mayer cold cuts. Shares of the company fell more than 3% before the market opened, as it … Read more
On interest rates: We have a symmetric approach to our inflation target, and we need to ensure that inflation returns to our target in a sustainable manner. We need to be data dependent and assess the risks to our outlook. The recent data on inflation has been lower than expected, so we need to consider … Read more
By Jamie McGeever (Reuters) – A preview of what to expect in Asian markets on Monday. As the trading week kicks off in Asia, the global market sentiment remains bullish, driven by the strong performance of U.S. stocks. However, local sentiment is more cautious due to concerns about China’s underlying economic issues. The People’s Bank … Read more
(Bloomberg) — The largest bond market in the world experienced a decline after a strong retail sales report led traders to reduce their expectations for Federal Reserve interest rate cuts this year. The Treasury yields rose as the positive economic data raised doubts about the speed at which the central bank would ease its policy. … Read more