"Cardi with a cause" is at the center of a new collaboration between the nonprofit Dress for Success, O Magazine, and women's retailer Talbots, which launched Tuesday.
Five cardigans are part of the capsule collection, but women can also donate professional clothes to Talbots to participate.
CBS's Gayle King, while wearing one of the cardigans, told Cheddar the effort offers a way for women to look good in all work situations.
"It's one of those win-win-win situations," she said. "When you look good, you feel good, you do good, and that's what Dress for Success does."
This is the fifth year that Oprah Winfrey's magazine and Talbots have teamed up to benefit the cause, which aims to help women achieve economic independence.
King said the partnership has continued because of its success and because "we all actually like each other."
O Creative Director Adam Glassman said the partnership has raised over $6 million and helped 150,000 women. During the event, Talbots will donate 30 percent of proceeds to the nonprofit.
"With Dress for Success, they've figured out a way for women to look good in all social work situations and Talbots just adds to that," said King, who is also editor-at-large of O Magazine.
It's important to empower women in the workplace to pay it forward because she said research shows the inclusion of women in the workplace improves companies and helps foster better work environments.
"All the statistics show when women are involved they're more collaborative, they tend to have a really good success rate," she said.
Bitcoin is still struggling to hold $47,000 and is well off from the near $68,000 high it saw in November. As the Federal Open Market Committee wraps up its two-day monetary policy meeting, some crypto investors are worried as they wait for news on policy. Shiv Madan, CEO of Moonwalk joins Cheddar News to discuss what's in store for the industry.
We're entering a brave new world of broadly legal sports betting. Over 30 states and Washington, DC, have legalized sports betting in the year and a half since the supreme court struck down the federal ban on the activity.
But legalization isn't a simple proposition. The federal law might be struck down but its still up to each state to decide whether to legalize sports betting, and answer a litany of questions that come with it. Should you include online gambling? How much should people be allowed to bet? Should there be limits on advertising for sports betting?
Darren Heitner, founder of Heitner Legal, and Daniel Wallach, founder of Wallach Legal, join None of the Above's "Business of Sports: The Year Gambling Took Over" special to discuss.
Over the past decade, the resale market has completely transformed, allowing people to utilize platforms such as Etsy, Poshmark, eBay, and more to create a lucrative business from the comfort of their homes. However, as the space of secondhand sellers and thrifters gets more and more crowded, small businesses are facing bigger obstacles to not only thrive in the market but also survive. Yvette Liebesman, a law professor at Saint Louis, joins Cheddar News to discuss.
Even as tech giant Google implements a vaccination mandate, charging its employees to declare their vaccine status within a time frame or risk dismissal, the federal government is tangled up in the court system trying to impose one of its own. Cindy Cohn, the executive director of the Electronic Frontier Foundation, and Harry Nelson, founder and managing partner of Nelson Hardiman LLP, joined Cheddar to debate the ethics, efficacy, and legality surrounding the issue. While Cohn noted that she thinks the federal mandate might be legally sound, her organization is also concerned with a separate question of privacy. "At EFF what we're most interested in is the digital surveillance that's going along with some of these attempts to try to track and confirm whether people are vaccinated or not," she said.
A new report from CNBC says Instagram recently reached a new milestone -- 2 billion monthly active users. It comes amid a year of controversy for the photo-sharing app and its parent company, Meta. SocialFlow CEO Jim Anderson joins Cheddar News' Closing Bell to discuss.
A report from KPMG International found that global mergers and acquisitions in 2021 reached $5.1 trillion in transactions. Carol Streicher, U.S. deal advisory and strategy service group leader for KPMG, joined Cheddar's "Closing Bell" to talk about the record-breaking year and next year's outlook, which KPMG says could be even more staggering. "We're not seeing any slow down in '22," she said, regarding survey results of 350 business leaders. "Things that were tailwinds for us in M&A activity this past year are going to continue to be tailwinds for us in 2022."
MotorTrend named the Rivian R1T as the 2022 truck of the year - a prestigious title given by the publication as a way for automakers to tout third-party validation. Rivian beat out traditional, legacy truck favorites like Ford and General Motors.
MotorTrend said the company earned high marks for safety, efficiency, value, advanced design, engineering excellence, and performance of intended function. MotorTend head of editorial Ed Loh joins Cheddar News' Closing Bell to discuss.
Stocks closed higher Wednesday on the heels of the Federal Reserve's December meeting. Chairman Jerome Powell announced the central bank would leave interest rates low and unchanged for now, with the anticipation of three hikes next year. The Fed will also speed up the timeline of its asset tapering, beginning in January 2022. Dan Russo, Portfolio Manager and Director of Research at Potomac Fund Management joins Cheddar News' Closing Bell to discuss today's close, how investors reacted to the Fed's announcements, and more.
