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SACRAMENTO, Calif. - California's new 2025–26 state budget, signed by Gov. Gavin Newsom on Friday, promises significant investments in public education. The budget aims to enhance early learning and support educators across the state.According to the California Department of Education, the budget includes a $215 million investment in literacy, focusing on early-grade reading instruction.The budget also doubles the minimum grant for extended learning programs, which will benefit rural and smaller districts.State Superintendent of Public Instruction Tony Thurmond emphasized the importance of these investments.“This budget agreement reaffirms California’s promise to every...

A new survey of central banks suggests growing skepticism about the future of the US dollar and its role in the global economy. Analysts from the Official Monetary and Financial Institutions Forum (OMFIF) – an independent think tank organization concerned with central banking, economic policy and public investment – say there is a global shift away from the dollar and into other currencies, primarily the euro and the renminbi. In the 2025 edition of its Global Public Investor report, which surveys 75 central banks around the world, OMFIF says there...

David Jagielski  |  The Motley FoolS&P 500, Nasdaq hit record closing highs amid trade deal hopesAll three major U.S. stock indexes posted weekly gains, and the tech-heavy Nasdaq confirmed it entered a bull market since its post-"Liberation Day" trough on April 8. Lisa Bernhard has more.Putting money into real estate and stocks are two popular ways to grow your wealth. Home values have risen significantly, especially with demand being hot in the past few years. A red-hot housing market has inflated values across the globe. And while things have cooled...

The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. U.K. GDP contracted 0.3% month on month in April. In March, the economy had grown 0.2%. Trump's trade tariffs and domestic tax rises are reasons behind the fall. The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. The latest monthly growth figures from the Office for National Statistics showed the U.K. economy contracted 0.3% month on month in April,...

Amid reports about eye-popping insurance executive pay and undercapitalized new insurance companies, leaders of the state-run insurer are raising an alarm about the potential of a new cycle of insurers going under — again.The Citizens Property Insurance Corp. met June 25, shortly after revelations that two executives of the 3-year-old, Tampa-based Slide Insurance — one of the companies now collecting premiums from former Citizens’ policyholders — were paid $50 million in their first two full years running the business.'Grotesque': Husband-wife insurance execs earn more than $50 million in 2 yearsCharles...

Nvidia CEO sells 100,000 shares of company stockJensen Huang sold 100,000 Nvidia shares between June 20 and 23, bringing in nearly $15 million at an average price of $144.04 per share.CheddarNvidia's NVDA.O stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence.Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia's stock market value to $3.76 trillion,...

Jennifer Saibil  |  The Motley FoolNvidia CEO sells 100,000 shares of company stockJensen Huang sold 100,000 Nvidia shares between June 20 and 23, bringing in nearly $15 million at an average price of $144.04 per share.CheddarNvidia (NASDAQ: NVDA) stock has lost some of its momentum this year after gaining 1,400% over the past five years. It's lost some investor confidence for a number of reasons, including fears that new artificial intelligence (AI) models won't need its powerful chips and regulations that limit what the company can ship to China.But many...

PAWLEYS ISLAND — A Charleston real estate investment and development firm has made its first purchase in the Grand Strand area.Stono Group, in partnership with the Maryland-based real estate investment firm Matan Companies, bought an industrial warehouse at 312 Commerce Drive in Pawleys Island with the goal of updating and leasing the 1.2-acre property. It includes a 13,000-square-foot warehouse split into three units.Kevin Hann, managing partner of Stono Group, said his firm was drawn to the Grand Strand area because of its growing population. The fact that they were able to acquire...

An exploding vape has caused a major blaze in an English town this weekend, setting fire to four houses and hospitalising three people.Eight fire engines were deployed to the Gainsborough, Lincolnshire property on Friday afternoon after a house fire had spread to neighbouring properties.Fire officials said three of the homes had been left uninhabitable due to fire damage.Camera IconThe Grey St fire was caused by an exploding vape. Credit: BBC“(The fire had) gone through the roof spaces, unfortunately, so there is quite significant damage to those three houses,” Lincolnshire Fire...