L'Oréal to Acquire Hair-Care Brand Color Wow
French cosmetics giant L'Oréal said on Monday it had signed an agreement to acquire haircare brand Color Wow, as it seeks to tap rapid growth in premium hair products.
Hair care was the second fastest-growing category at L'Oréal last year after fragrances, driven by new launches for specific hair types and conditions.
The company said earlier this year was targeting more innovation and growth in premium hair products, which it sells both online and in salons.
Color Wow, based in the US and Britain, makes products for frizz control and curly hair.
Terms of the deal were not disclosed.
By Makini Brice and Dominique Patton; Editor: Susan Fenton
Learn more:
L'Oréal to Acquire British Skincare Brand Medik8
The world's biggest beauty company has acquired a majority stake in the English premium skin care line known for its science-backed serums.
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Yahoo
40 minutes ago
- Yahoo
Stock market today: S&P 500, Nasdaq jump to fresh records, capping stunning second-quarter comeback
US stocks climbed to fresh records on Monday amid signs of progress in trade talks, ending one of the most volatile first halves of a year in recent memory. The Dow Jones Industrial Average (^DJI) rose over 0.6%. The tech-heavy Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) moved up about 0.5%, with both indices notching new record highs as the benchmark index closed above 6,200 for the first time. Big Tech giants Nvidia (NVDA) and Meta (META) hit their own fresh records. The S&P 500 and the Nasdaq Composite last week had clinched new record highs for the first time since February — the start of the year's tariff-fueled stock swings. Stocks started a holiday-shortened week on an upbeat note as hopes rose that the US and its top trading partners are closing in on deals over the sweeping tariffs introduced by President Trump. Canada scrapped a digital services tax targeting US tech companies late on Sunday — just hours before it was set to start collecting payments — in a bid to revive stalled trade negotiations. The easing in odds of a global trade war comes as a July 9 deadline looms for the resumption of sweeping US "reciprocal" tariffs, which Trump on Sunday said he didn't think he'd need to extend. So far, his administration has hammered out only two accords — not full-blown agreements — with China and the UK, with the British tariff deal going into effect on Monday. Market watchers were closely following Senate negotiations over Trump's proposed $4.5 trillion tax cut bill, as Republican leaders race to persuade party holdouts to back the legislation. The Congressional Budget Office estimated it would add $3.3 trillion to the deficit over a decade, as it stands. The Senate was voting on dozens of amendments in a marathon session on Monday. Meanwhile, the 10-year Treasury yield (^TNX) fell about 5 basis points to 4.23%. Looking ahead, the June jobs report on Thursday will be a highlight, as markets increasingly grow optimistic that the Federal Reserve could lower interest rates soon. But the week's trading will be cut short, as markets will close at 1 p.m. ET on Thursday, and remain shut on Friday for the Fourth of July holiday. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) rose around 0.5% Monday to notch fresh records, ending a volatile first half of the year. Those gains come after the two indexes hit new highs last week for the first time since February. The tech-heavy Nasdaq moved up as Nvidia (NVDA) and Meta (META) notched their own record closing highs. Microsoft (MSFT) touched an intraday high but ended the day nose hairs short of a new record. The Dow Jones Industrial Average (^DJI) climbed 0.6% but was still clawing its way back toward its prior record close in December. The 10-year Treasury yield (^TNX) fell 5 basis points as investors closely watched the advancement of Trump's "big, beautiful bill" through the Senate. Yahoo Finance's Josh Schafer reports: Read more here. Microsoft (MSFT) and Meta (META) touched all-time highs on Monday as Big Tech companies led modest gains. Meta was poised to close at a new record after CEO Mark Zuckerberg announced a restructuring of the company's artificial intelligence group. Microsoft and Meta have risen by double-digit percentages year to date, while AI giant Nvidia (NVDA) hit fresh records last week. President Trump broke new ground in his ongoing calls for Fed Chair Jerome Powell to cut interest rates — the president sent a signed note to the Fed chair. In a post on Truth Social, the social network owned by Trump, the president again called for Powell and the Federal Reserve to cut interest rates, writing that Powell and the Fed's Board of Governors "should be ashamed of themselves for allowing this to happen to the United States." Trump added that the Fed should cut rates to 1%. Earlier this month, the Fed kept its benchmark interest rate in a range of 4.25%-4.5%. Trump's post included a signed picture of global central bank interest rates that showed the nearly three dozen global central banks that have set benchmark rates below the Fed. White House press secretary Karoline Leavitt confirmed in a press conference Monday that this signed table was sent to Powell. Trump's latest barbs at Powell come as speculation over who will replace Powell as Fed chair next year continues to heat up. During an interview on Bloomberg earlier on Monday, Treasury Secretary Scott Bessent suggested there are people already at the Fed being considered to take Powell's role as chair. Bessent added that there are other strategies Trump could pursue, such as filling the open seat on the Fed's Board of Governors, that could exert pressure on Powell before his term as chair is up next May. As Yahoo Finance's Jennifer Schonberger has reported, former Fed government Kevin Warsh, current Fed governor Christoper Waller, National Economic Council Director Kevin Hassett, former World Bank president David Malpass, and Bessent are candidates that have been discussed to replace Powell, according to people close to the administration. Shares of Robinhood (HOOD) spiked more than 11% on Monday, setting the stock up to close at a record high, after the trading platform said it has launched tokenized trading for more than 200 US stocks and ETFs in the European Union. The announcement continues Robinhood's push into crypto, using blockchain technology to allow European investors to trade the commission-free tokens around the clock, five days a week. Yahoo Finance's Brian Sozzi reports: Read more here. BNB Paribas downgraded Alphabet stock (GOOGL, GOOG) to Neutral from Buy on Monday. 'Google has come a long way since then in developing its Gemini offering, culminating in the recent successful launch of Gemini 2.5 pro model,' analyst Stefan Slowinski wrote. 'However, monetisation of Gemini remains limited for now.' The analysts wrote that 'Alphabet will be an eventual GenAI winner as it has the entire 'stack'' but that they fear 'GenAI investments could slow EPS growth.' Slowinski lowered his price target on the stock to $172 from $213. The stock traded flat on Monday at around $178 per share and is down more than 6% for the year, underperforming its 'Magnificent Seven' peers. Slowinski also wrote: 'In addition, business model transition risks may weigh on top line Search Advertising growth as Google sees fewer Search clicks, and explores new monetisation approaches like AI Overviews, AI Mode, Live Search and the Gemini Assistant.' Meta (META) stock was on pace to close at a record high on Monday for the first time since February. Shares hit an all-time intraday high just north of $748 each. Meta has outperformed the rest of the "Magnificent Seven" stocks year to date, gaining 26% compared to a 17% increase in AI chip giant Nvidia (NVDA), which is also hovering at record highs. Meta has been doubling down on AI, recently investing in the startup Scale AI ( As part of the deal, Scale AI CEO Alexandr Wang will reportedly join Meta's AI research lab focused on pursuing "superintelligence." The first half of 2025 marked a triumphant return of crypto optimism. From President Trump's crypto-friendly stance and his appointment of a new SEC chair to the first couple's own controversial coins, momentum in the industry returned, helping boost bitcoin to record highs near $112,000. Yahoo Finance's Ines Ferré reports: Read more here. Morgan Stanley (MS) analysts wrote in a note to clients Sunday that they are bullish on Nvidia (NVDA) stock and "looking through" concerns over bottlenecks in its supply chain that could lead the chipmaker to produce GPUs faster than its suppliers can build them into server racks. After meeting with industry contacts in Taiwan and Beijing, analyst Joseph Moore wrote that Nvidia's supply chain is "strong near term" but "mixed longer term." "Near-term data points from several supply chain participants suggest strength in AI, but significant skepticism about 2026 remains," Moore wrote. "That skepticism is driven by the same concerns we hear about from US investors — chip production ahead of various supply bottlenecks will lead to excess inventory by year end." "The reason we are looking through these concerns is that our contacts point to very strong demand for all Blackwell form factors, and supply bottlenecks across racks and power management easing materially," the analyst added. Moore said Nvidia is his top pick of chip stocks. The Financial Times reported in late May that Nvidia's suppliers had resolved technical issues that had delayed shipments of its Blackwell AI servers and threatened the chipmaker's annual sales targets. Nvidia stock last week notched a new record high. Shares fell fractionally Monday morning. Hewlett Packard Enterprise stock (HPE) jumped more than 13% Monday morning following news over the weekend that the company had settled a case with the US Department of Justice. The DOJ sued HPE — one of the largest makers of wireless networking systems — in January to block the company's proposed $14 billion acquisition of another company in the industry, Juniper Networks (JNPR). Juniper Networks shares were up 8% early Monday. The settlement "paves the way to close HPE's acquisition of Juniper Networks," HPE CEO Antonio Neri said in a statement Saturday. Juniper has a "strong position" in the artificial intelligence space, Bank of America's Wamsi Mohan wrote in a note to clients Monday. With the acquisition of Juniper, HPE is "positioned to offer an end-to-end networking and AI infrastructure stack that can better compete in AI-enabled datacenter and cloud-edge environment," boosting the company's earnings over the long term. Stocks moved higher at the market open Monday to start a holiday-shortened week, set to notch fresh records amid rising hopes for US trade deals ahead of the July 9 deadline. The Dow Jones Industrial Average (^DJI) rose roughly 0.5%. The S&P 500 (^GSPC) moved up about 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) jumped about 0.4%. Oracle stock soared more than 7% and was set to start the trading session at a new intraday high after the software giant disclosed in a filing to the Securities and Exchange Commission that it had signed new cloud services agreements. 'Oracle is off to a strong start in FY26," CEO Safra Catz will tell other Oracle colleagues later today, according to the filing. "Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28." In its fiscal year 2025, which ended May 31, Oracle's revenue was $57.4 billion. The company partnered with OpenAI ( and SoftBank (SFTBY) to launch the highly publicized $500 billion Stargate project, building AI data centers earlier this year, but the project has stalled. Solar stocks fluctuated in premarket trading Monday after it emerged that the Senate's draft version of the tax and spending bill, which slashes wind and solar tax credits, also now contains a tax on wind and solar projects completed after 2027 that use components from China. The tax on renewable projects came as a surprise to the industry, which largely relies on China to source components from batteries to solar panels. A statement from the American Clean Power Association said the effect would be to "strand hundreds of billions of dollars in current investments." The latest provision comes after solar stocks were hit two weeks ago when lawmakers moved to phase out tax breaks for the industry sooner than expected. Shares of NextEra Energy (NEE) dropped 4% while Enphase Energy (ENPH) stock fell 2.6%. The Invesco Solar ETF (TAN) declined 1.5%. However, there were some bright spots for certain renewable stocks. US-based First Solar (FSLR) rose 7%, while GE Vernova (GEV), which offers wind technologies, added 1.1%. And Sunrun (RUN) gained 7% while SolarEdge Technologies (SEDG) advanced 0.5% due to a short-term extension of residential solar tax credits. Read more here. Several altcoins are faltering this year as bitcoin's share of the crypto market has climbed to 64%, the highest level since January 2021. Bloomberg reports: Read more here. INmune Bio stock (INMB) tanked 60% in premarket trading on Monday after the company said its experimental drug, XPro, failed to improve cognitive functions in patients with early stages of Alzheimer's in a mid-stage study. The drug is designed to target and inhibit inflammatory signals associated with a type of protein called tumor necrosis factor without suppressing the immune system, Reuters reported. Read more here. Disney stock (DIS) rose about 2% in premarket trading Monday after Jefferies analyst James Heaney upgraded the stock. Heaney sees Disney's cruise business, content slate, and parks business fueling a rally in shares over the summer. Yahoo Finance's Brian Sozzi writes: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Earnings: No notable earnings releases. Economic data: MNI Chicago PMI (June); Dallas Fed manufacturing activity Here are some of the biggest stories you may have missed over the weekend and early this morning: Warring GOP puts Trump tax bill to marathon Senate vote today Canada scraps digital services tax that Trump slammed Disney's stock has bagged a Jeffries upgrade — here's why Week ahead: Crucial jobs report looms with stocks at records Trump: TikTok buyer group found, needs China's OK Nvidia insiders cash out $1bn worth of shares Bitcoin soars, altcoins fade in $300 billion crypto shakeout China's economy shows surprising signs of strength Yahoo Finance's Josh Schafer lays out what investors should know about the week ahead: Read more here. Here are some top stocks trending on Yahoo Finance in premarket trading: Hewlett Packard Enterprise Company (HPE) stock rose 6% in premarket trading on Monday following the news that HPE and Juniper Networks have reached an agreement with the US Department of Justice that it will not challenge HPE's acquisition of Juniper. Palantir (PLTR) stock rose 5% before the bell and are trading at an all-time high, up 90% this year. Yahoo Finance Anchor Julie Hyman recently broke down the stock's history on a episode of Market Domination Overtime: Juniper Networks, Inc. (JNPR) stock rose 8% premarket after the DOJ said it would not pursue an investigation into HPE's acquisition of Juniper. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) rose around 0.5% Monday to notch fresh records, ending a volatile first half of the year. Those gains come after the two indexes hit new highs last week for the first time since February. The tech-heavy Nasdaq moved up as Nvidia (NVDA) and Meta (META) notched their own record closing highs. Microsoft (MSFT) touched an intraday high but ended the day nose hairs short of a new record. The Dow Jones Industrial Average (^DJI) climbed 0.6% but was still clawing its way back toward its prior record close in December. The 10-year Treasury yield (^TNX) fell 5 basis points as investors closely watched the advancement of Trump's "big, beautiful bill" through the Senate. Yahoo Finance's Josh Schafer reports: Read more here. Microsoft (MSFT) and Meta (META) touched all-time highs on Monday as Big Tech companies led modest gains. Meta was poised to close at a new record after CEO Mark Zuckerberg announced a restructuring of the company's artificial intelligence group. Microsoft and Meta have risen by double-digit percentages year to date, while AI giant Nvidia (NVDA) hit fresh records last week. President Trump broke new ground in his ongoing calls for Fed Chair Jerome Powell to cut interest rates — the president sent a signed note to the Fed chair. In a post on Truth Social, the social network owned by Trump, the president again called for Powell and the Federal Reserve to cut interest rates, writing that Powell and the Fed's Board of Governors "should be ashamed of themselves for allowing this to happen to the United States." Trump added that the Fed should cut rates to 1%. Earlier this month, the Fed kept its benchmark interest rate in a range of 4.25%-4.5%. Trump's post included a signed picture of global central bank interest rates that showed the nearly three dozen global central banks that have set benchmark rates below the Fed. White House press secretary Karoline Leavitt confirmed in a press conference Monday that this signed table was sent to Powell. Trump's latest barbs at Powell come as speculation over who will replace Powell as Fed chair next year continues to heat up. During an interview on Bloomberg earlier on Monday, Treasury Secretary Scott Bessent suggested there are people already at the Fed being considered to take Powell's role as chair. Bessent added that there are other strategies Trump could pursue, such as filling the open seat on the Fed's Board of Governors, that could exert pressure on Powell before his term as chair is up next May. As Yahoo Finance's Jennifer Schonberger has reported, former Fed government Kevin Warsh, current Fed governor Christoper Waller, National Economic Council Director Kevin Hassett, former World Bank president David Malpass, and Bessent are candidates that have been discussed to replace Powell, according to people close to the administration. Shares of Robinhood (HOOD) spiked more than 11% on Monday, setting the stock up to close at a record high, after the trading platform said it has launched tokenized trading for more than 200 US stocks and ETFs in the European Union. The announcement continues Robinhood's push into crypto, using blockchain technology to allow European investors to trade the commission-free tokens around the clock, five days a week. Yahoo Finance's Brian Sozzi reports: Read more here. BNB Paribas downgraded Alphabet stock (GOOGL, GOOG) to Neutral from Buy on Monday. 'Google has come a long way since then in developing its Gemini offering, culminating in the recent successful launch of Gemini 2.5 pro model,' analyst Stefan Slowinski wrote. 'However, monetisation of Gemini remains limited for now.' The analysts wrote that 'Alphabet will be an eventual GenAI winner as it has the entire 'stack'' but that they fear 'GenAI investments could slow EPS growth.' Slowinski lowered his price target on the stock to $172 from $213. The stock traded flat on Monday at around $178 per share and is down more than 6% for the year, underperforming its 'Magnificent Seven' peers. Slowinski also wrote: 'In addition, business model transition risks may weigh on top line Search Advertising growth as Google sees fewer Search clicks, and explores new monetisation approaches like AI Overviews, AI Mode, Live Search and the Gemini Assistant.' Meta (META) stock was on pace to close at a record high on Monday for the first time since February. Shares hit an all-time intraday high just north of $748 each. Meta has outperformed the rest of the "Magnificent Seven" stocks year to date, gaining 26% compared to a 17% increase in AI chip giant Nvidia (NVDA), which is also hovering at record highs. Meta has been doubling down on AI, recently investing in the startup Scale AI ( As part of the deal, Scale AI CEO Alexandr Wang will reportedly join Meta's AI research lab focused on pursuing "superintelligence." The first half of 2025 marked a triumphant return of crypto optimism. From President Trump's crypto-friendly stance and his appointment of a new SEC chair to the first couple's own controversial coins, momentum in the industry returned, helping boost bitcoin to record highs near $112,000. Yahoo Finance's Ines Ferré reports: Read more here. Morgan Stanley (MS) analysts wrote in a note to clients Sunday that they are bullish on Nvidia (NVDA) stock and "looking through" concerns over bottlenecks in its supply chain that could lead the chipmaker to produce GPUs faster than its suppliers can build them into server racks. After meeting with industry contacts in Taiwan and Beijing, analyst Joseph Moore wrote that Nvidia's supply chain is "strong near term" but "mixed longer term." "Near-term data points from several supply chain participants suggest strength in AI, but significant skepticism about 2026 remains," Moore wrote. "That skepticism is driven by the same concerns we hear about from US investors — chip production ahead of various supply bottlenecks will lead to excess inventory by year end." "The reason we are looking through these concerns is that our contacts point to very strong demand for all Blackwell form factors, and supply bottlenecks across racks and power management easing materially," the analyst added. Moore said Nvidia is his top pick of chip stocks. The Financial Times reported in late May that Nvidia's suppliers had resolved technical issues that had delayed shipments of its Blackwell AI servers and threatened the chipmaker's annual sales targets. Nvidia stock last week notched a new record high. Shares fell fractionally Monday morning. Hewlett Packard Enterprise stock (HPE) jumped more than 13% Monday morning following news over the weekend that the company had settled a case with the US Department of Justice. The DOJ sued HPE — one of the largest makers of wireless networking systems — in January to block the company's proposed $14 billion acquisition of another company in the industry, Juniper Networks (JNPR). Juniper Networks shares were up 8% early Monday. The settlement "paves the way to close HPE's acquisition of Juniper Networks," HPE CEO Antonio Neri said in a statement Saturday. Juniper has a "strong position" in the artificial intelligence space, Bank of America's Wamsi Mohan wrote in a note to clients Monday. With the acquisition of Juniper, HPE is "positioned to offer an end-to-end networking and AI infrastructure stack that can better compete in AI-enabled datacenter and cloud-edge environment," boosting the company's earnings over the long term. Stocks moved higher at the market open Monday to start a holiday-shortened week, set to notch fresh records amid rising hopes for US trade deals ahead of the July 9 deadline. The Dow Jones Industrial Average (^DJI) rose roughly 0.5%. The S&P 500 (^GSPC) moved up about 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) jumped about 0.4%. Oracle stock soared more than 7% and was set to start the trading session at a new intraday high after the software giant disclosed in a filing to the Securities and Exchange Commission that it had signed new cloud services agreements. 'Oracle is off to a strong start in FY26," CEO Safra Catz will tell other Oracle colleagues later today, according to the filing. "Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28." In its fiscal year 2025, which ended May 31, Oracle's revenue was $57.4 billion. The company partnered with OpenAI ( and SoftBank (SFTBY) to launch the highly publicized $500 billion Stargate project, building AI data centers earlier this year, but the project has stalled. Solar stocks fluctuated in premarket trading Monday after it emerged that the Senate's draft version of the tax and spending bill, which slashes wind and solar tax credits, also now contains a tax on wind and solar projects completed after 2027 that use components from China. The tax on renewable projects came as a surprise to the industry, which largely relies on China to source components from batteries to solar panels. A statement from the American Clean Power Association said the effect would be to "strand hundreds of billions of dollars in current investments." The latest provision comes after solar stocks were hit two weeks ago when lawmakers moved to phase out tax breaks for the industry sooner than expected. Shares of NextEra Energy (NEE) dropped 4% while Enphase Energy (ENPH) stock fell 2.6%. The Invesco Solar ETF (TAN) declined 1.5%. However, there were some bright spots for certain renewable stocks. US-based First Solar (FSLR) rose 7%, while GE Vernova (GEV), which offers wind technologies, added 1.1%. And Sunrun (RUN) gained 7% while SolarEdge Technologies (SEDG) advanced 0.5% due to a short-term extension of residential solar tax credits. Read more here. Several altcoins are faltering this year as bitcoin's share of the crypto market has climbed to 64%, the highest level since January 2021. Bloomberg reports: Read more here. INmune Bio stock (INMB) tanked 60% in premarket trading on Monday after the company said its experimental drug, XPro, failed to improve cognitive functions in patients with early stages of Alzheimer's in a mid-stage study. The drug is designed to target and inhibit inflammatory signals associated with a type of protein called tumor necrosis factor without suppressing the immune system, Reuters reported. Read more here. Disney stock (DIS) rose about 2% in premarket trading Monday after Jefferies analyst James Heaney upgraded the stock. Heaney sees Disney's cruise business, content slate, and parks business fueling a rally in shares over the summer. Yahoo Finance's Brian Sozzi writes: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Earnings: No notable earnings releases. Economic data: MNI Chicago PMI (June); Dallas Fed manufacturing activity Here are some of the biggest stories you may have missed over the weekend and early this morning: Warring GOP puts Trump tax bill to marathon Senate vote today Canada scraps digital services tax that Trump slammed Disney's stock has bagged a Jeffries upgrade — here's why Week ahead: Crucial jobs report looms with stocks at records Trump: TikTok buyer group found, needs China's OK Nvidia insiders cash out $1bn worth of shares Bitcoin soars, altcoins fade in $300 billion crypto shakeout China's economy shows surprising signs of strength Yahoo Finance's Josh Schafer lays out what investors should know about the week ahead: Read more here. Here are some top stocks trending on Yahoo Finance in premarket trading: Hewlett Packard Enterprise Company (HPE) stock rose 6% in premarket trading on Monday following the news that HPE and Juniper Networks have reached an agreement with the US Department of Justice that it will not challenge HPE's acquisition of Juniper. Palantir (PLTR) stock rose 5% before the bell and are trading at an all-time high, up 90% this year. Yahoo Finance Anchor Julie Hyman recently broke down the stock's history on a episode of Market Domination Overtime: Juniper Networks, Inc. (JNPR) stock rose 8% premarket after the DOJ said it would not pursue an investigation into HPE's acquisition of Juniper. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Politico
an hour ago
- Politico
Education Department set to pause billions in grants to states amid ‘review'
The Trump administration will withhold billions of federal education dollars from states and local schools that were expected to be available on July 1, according to notices sent to federal grantees on Monday. It's a move with the potential to imperil afterschool programs, teacher training initiatives and education for migrant students. Some education advocacy groups estimate that approximately $5 billion is at stake. According to the notice delivered to federal grantees, the contents of which were described to POLITICO on condition of anonymity by officials familiar with the matter, the administration is still reviewing fiscal 2025 grant funding for the affected programs. It has not yet made decisions about awards for the upcoming academic year, and will not obligate their funds on Tuesday before that review is complete. 'The Department remains committed to ensuring taxpayer resources are spent in accordance with the President's priorities and the Department's statutory responsibilities,' the agency said in written communications to states about its plans. It's unclear how long the spending review might last or when the federal funds might be distributed. But the delay could leave states and schools facing immediate pressure to find ways to keep education programs running and balance their budgets for the coming academic year. The Education Department referred questions to the Office of Management and Budget. The White House did not respond to a request for comment. Officials said the affected funds include money for state teacher training grants; summer and after-school programs funded under the 21st Century Community Learning Centers program; the Student Support and Academic Enrichment grant program; and funds for migrant education programs plus students who speak limited English. The impact of the decision will be felt across multiple jurisdictions. The funds being withheld from the affected programs represent at least 10 percent of the federal K-12 education spending in 33 states and territories, according to estimates published Monday by the Learning Policy Institute, a nonpartisan nonprofit think tank. The administration has telegraphed the possibility that it would not distribute the funds by July 1 for months in spending plans submitted to Congress and testimony to lawmakers, raising worries and growing criticism among school advocacy organizations and congressional appropriators about the potential fiscal impact on school systems. 'The administration must make the full extent of title funding available in a timely manner,' said Carissa Moffat Miller, head of the Council of Chief State School Officers, in a statement to POLITICO. 'These funds were approved by Congress and signed into law by President Trump in March. Schools need these funds to hire key staff and educate students this summer and in the upcoming school year.' OMB director Russell Vought suggested to Senate appropriators last week that the congressionally approved funding could be the target of a future rescissions package. President Donald Trump and Education Secretary Linda McMahon have also proposed cutting off some of the affected programs in their budget pitch for the coming year. Vought has discussed using a controversial tactic known as a 'pocket rescission' to defy Congress' funding directives. To do that, the Trump administration would have to send additional budget rescission requests to Congress in the final weeks of the fiscal year, which runs through September. Earlier this month, OMB directed several agencies to freeze upwards of $30 billion in spending on a broad array of programs, POLITICO's E&E News reported. Even if lawmakers vote to approve or reject the requests, the White House could let the funding expire by withholding it through Sept. 30. 'School districts rely on these critical funds to comply with federal law,' Tara Thomas, the government affairs manager for AASA, The School Superintendents Association, said in a statement. 'Withholding these resources simply pushes more unfunded mandates on schools — placing additional strain on already limited budgets — and the consequences will be felt by all students and across all classrooms,' Thomas said. Rebecca Carballo contributed to this report.
Time Business News
2 hours ago
- Time Business News
Solicitors Cardiff: How to Find the Right Legal Support for You
If you're seeking legal advice in South Wales, exploring experienced solicitors in Cardiff is a practical first step. Cardiff is home to a diverse range of legal services, with professional solicitors ready to support both individuals and businesses. Whether you're dealing with a personal issue or need help protecting your interests, this guide will help you find the right solicitors Cardiff locals can rely on. Cardiff offers access to a broad spectrum of legal services. Here are some of the most common areas where you may want to seek expert legal advice: If you're going through a divorce, arranging child contact, or managing financial disputes, a solicitor with experience in family law can help you handle sensitive situations with care. Making wills or planning for the future? Legal advice can also help you ensure your loved ones are protected. Whether you're buying or selling your home or investing in commercial property, legal guidance can keep the process smooth and compliant. Cardiff solicitors can help with contracts, searches, lease agreements, and more. If you've suffered an accident or injury and it wasn't your fault, you could be entitled to compensation. Solicitors can advise you on the merits of your case and help you claim what you're owed. Workplace disputes, unfair dismissal, redundancy, and contract issues are all areas where expertise in employment law matters. Clear advice from a solicitor can help you protect your rights. Handling the estate of a loved one can be overwhelming. Solicitors in Cardiff can guide you through probate and estate administration, ensuring legal responsibilities are fulfilled and your family receives what they're entitled to. Whether you're a landlord or a tenant, legal representation can help resolve disputes over deposits, evictions, or tenancy agreements. Choosing the right solicitor starts with understanding what you need. Here's what to look for: Tailored legal advice – You want advice that fits your exact situation, not a one-size-fits-all answer. – You want advice that fits your exact situation, not a one-size-fits-all answer. Experience and expertise – Check if they specialise in the relevant area of law. – Check if they specialise in the relevant area of law. Clear communication – Good solicitors take time to inform you and explain things in plain English. – Good solicitors take time to inform you and explain things in plain English. Transparent pricing – Ask if fixed fees are available, especially for services like conveyancing or will writing. – Ask if fixed fees are available, especially for services like conveyancing or will writing. Accessible service – Many solicitors now offer remote appointments or allow you to start through an online enquiry form. – Many solicitors now offer remote appointments or allow you to start through an online enquiry form. Good client care – Look for solicitors who are committed to achieving the best outcome for all our clients. Working with a solicitor who understands Cardiff and South Wales can be a major advantage. They're familiar with local courts, housing developments, and the unique needs of the community. Many firms have multiple offices across the region, including a centrally located Cardiff office that may be easier for you to visit or contact. Local teams are often more available for face-to-face meetings, and they're able to speak with insight about issues affecting clients in Cardiff, Roath, Canton, or Llandaff. Some legal situations can't wait. If you're facing any of the following, it's best to seek advice immediately: You've been served an eviction notice A family member has passed away and their estate needs to be managed You've been dismissed from your job and want to make a claim You've suffered a personal injury and need help understanding your rights Legal matters like these have strict time limits, and early representation can make a big difference. Navigating the legal world can feel daunting—but you don't have to do it alone. There are plenty of experienced solicitors in Cardiff offering friendly, reliable, and professional support. Whether you're dealing with a dispute, planning for the future, or protecting your business, finding the right solicitor gives you peace of mind. Look for someone who listens, communicates clearly, and puts your interests first. The right legal team will make sure you feel supported, well-informed, and in safe hands every step of the way. How do I choose the best solicitor for me? Look for someone with relevant expertise, a strong reputation, and clear communication. A good solicitor will explain your options and guide you with confidence. Can I access legal advice in Welsh? Yes. Some Cardiff solicitors offer services in both English and Welsh to support clients across Wales. Do solicitors offer fixed fees? Many do, especially for straightforward services like wills, conveyancing, or uncontested divorces. Always ask for an estimate before starting. Can I get legal aid? It depends on your situation and the type of case. Some solicitors offer legal aid or alternative funding options. Can I change solicitors midway through a case? Yes, though you may need to cover any outstanding costs. It's best to raise concerns early so your case stays on track. TIME BUSINESS NEWS
