California is moving closer to requiring all public school students to learn how to manage their money — read a paycheck, balance a checking account, use credit cards wisely, save for the future, and avoid scams.The plan is to have all high school students, as a graduation requirement, take at least one class in financial literacy. Proponents are taking two paths to make that happen: a ballot initiative in November and state legislation. If the legislation crosses the finish line in time, the ballot initiative will be set aside.Silicon Valley entrepreneur Tim Ranzetta, who views student financial literacy as a…
Author: ricardofrancois
People walk along Waterloo Bridge past the skyline of the City of London, the capital's financial district, on a sunny, mild day.soba pictures | Rocket Lite | Getty ImagesLONDON – The UK's gross domestic product grew by 0.2% in January, with construction output unexpectedly jumping, the Office for National Statistics said on Wednesday.The headline figure was in line with expectations of economists polled by Reuters.This follows a 0.1% contraction in December, while the British economy entered a shallow recession in the second half of last year.The Office for National Statistics said construction production rose by 1.1% in January, but fell…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The global art market reached its limits in 2023, falling 4 percent to a three-year low of $65 billion, as the macroeconomic and geopolitical backdrop slowed activity at the upper end, according to a new report. The annual Art Basel and UBS Art Market Report found that the wealthy “are not immune to disruptive financial, social or political changes,” according to author Clare McAndrew of Arts Economics. She added that continued uncertainty indicates a “stable” outlook for 2024.In a stark reversal of…
Kolet is a new French startup created by four co-founders with experience in the French tech ecosystem that wants to make it easier to stay connected when traveling. The company has come up with an interesting distribution strategy for travel eSIMs and has simplified the experience as eSIM remains a confusing technology for most people. Your smartphone in your pocket likely supports virtual eSIM cards. For example, it has been the default option for iPhones sold in the US for a few years. That's why many companies have taken advantage of this feature to sell temporary eSIMs with a foreign…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Cathay Pacific reported its highest annual profit in more than a decade as strong travel demand boosted earnings for the Hong Kong-flagged airline, with its boss declaring: “In 2023, we have finally left the Covid-19 pandemic behind us.”The airline reported a net profit of HK$9.8 billion (US$1.3 billion) for the year on Wednesday, breaking a three-year losing streak including a loss of HK$6.6 billion in 2022.Cathay shares rose about 4 percent after the earnings announcement.Profits are the highest since 2010, when they…
Philippine Trade and Industry Secretary Alfredo Pascual (right) and US Commerce Secretary Gina Raimondo attend a press conference in the Philippines on March 11, 2024.Sta Rosa Jam | AFP | Getty ImagesChinese electric cars could one day be on American roads if there are sufficient government controls on the software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC's Eunice Yun in an exclusive interview on Tuesday.”It's possible. I could see a day when these vehicles are on the roads in the United States, but not unless we have very important controls and conditions around the software and sensors in…
“Just because young people live in conflict zones and refugee camps, it doesn’t mean they don’t dream of thriving societies.”This was the reason youth activist Fouad Sayed Issa founded the refugee-led Violet Relief and Development Organization in northwest Syria in 2011, when he was just 16 years old. What began as a grassroots effort by young people against the backdrop of armed conflict has evolved into a humanitarian organization that has since raised hundreds of thousands of dollars and recruited 2,000 volunteers and aid workers.Such fundraising initiatives are sorely needed – especially for education. A quarter of the world's population…
Smoke billows after Japan's Space One small solid-fueled Kairos rocket explodes shortly after its inaugural launch at the Space One launch pad on the tip of the Kii Peninsula in Kushimoto town, Wakayama Prefecture, Japan on March 13, 2024.Kyodo News | ReutersJapan's Space One's small solid-fueled Kairos rocket exploded shortly after launching on its inaugural flight Wednesday as the company attempted to become the first Japanese company to put a satellite into orbit.The 18-meter (59-foot) solid-fuel, four-stage rocket exploded seconds after liftoff just after 11:01 a.m. (0201 GMT), leaving behind loud smoke, fire, rocket fragments and firefighting water. Sprinklers appeared…
New York – David Mixner, a longtime LGBTQ+ activist who advised Bill Clinton during his presidential campaign and later criticized him for his “don't ask, don't tell” policy regarding gay, lesbian, bisexual, transgender, or queer people in the United States. Soldier, died. He was 77 years old. Meixner died Monday at his home in New York City, according to Anise Parker, president and CEO of the LGBTQ+ Victory Fund. Parker said Meixner had been in foster care for some time. In 1991, Meixner was a founding member of the organization, which recruits and supports political candidates from the LGBTQ+ community.…
GM Executive Vice President of Global Manufacturing and Labor Relations Gerald Johnson (center) watches engineers and technicians set up and test machines that will be used to manufacture Level 1 face masks at a factory in Warren, Michigan.Photography by John F. Martin for General MotorsDetroit — “ General Motors' Longtime manufacturing chief is retiring, and the company has hired a former president Tesla And Google Executive to fill his shoes.The Detroit automaker said Tuesday that Gerald Johnson, executive vice president of global manufacturing and sustainability, will hand the baton to Jens Peter “JB” Clausen, a former executive at Tesla, Lego…