"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.
Carlo and Baker cover the latest developments after a devastating tornado outbreak over the weekend, plus an eye on Omicron and inflation, and not even Spielberg can save the box office.
Reusable rocket developer Stoke Space Technologies raised $65 million in a Series A round led by Breakthrough Energy Ventures, a firm founded by Bill Gates. Stoke says its reusable rockets provide the satellite industry with low-cost, on-demand access to and from orbit. As companies like SpacX and Blue Origin are also making commitments to rocket reusability, Stoke says it is taking a different approach with a system designed to be 100% reusable, comprised of rockets designed to fly daily, like an airplane. Stoke co-founder and CEO Andy Lapsa joins Cheddar News' Closing Bell to discuss.
Humans are set to return to a place we have not been in nearly 50 years: the moon. NASA's Artemis program is expected to have astronauts back on the lunar surface by 2025. NASA says it will use what it learns on the moon to take the next giant leap - sending the first astronauts to Mars. The Artemis program also includes contributions from private companies like SpaceX, as well as academic research institutions like Georgia Tech. Georgia Tech professor of practice and former NASA astronaut Sandra Magnus joins Future of Space: Humankind's Leap Forward to discuss.
Stocks were under pressure Monday amid investor skittishness over the COVID-19 omicron variant, as cases rise in metropolitan areas like New York, shutting down businesses and seasonal events. This comes after last week's Federal Reserve announcement when Chairman Jerome Powell said the central bank would begin speeding up its asset tapering timeline while planning to institute three interest rate hikes next year. Is that decision still in line with what could happen if omicron becomes a major concern? Phil Levy, Chief Economist at Flexport, joins Cheddar News' Closing Bell to discuss.