'Girls Who Invest' Empowers Young Women to Get Into Finance
With only 1.1% of women and minorities running the asset management industry's $71.4 trillion in assets, the field is lacking diversity. Girls Who Invest, a non-profit organization, is using empowerment to try to change that. Seema Hingorani, Founder of Girls Who Invest, joined us at the New York Stock Exchange to share why she feels it is important to encourage young women to pursue careers in asset management.
Girls Who Invest is working towards the goal of getting 30% of investable assets managed by women by 2030. Hingorani says the lack of diversity is a pipeline problem. She adds that young women don’t even know about the industry and how impactful and rewarding it can be. Hingorani said there has been a cloud over the industry since the 2008 financial crisis. To reach the next generation of women, Girls Who Invest designed a 10-week summer program for college students.
President Trump's immigration policies have put up a roadblock to Girls Who Invest's international growth, Hingorani says. Girls Who Invest accepted fewer international students in 2017 than last year because several women struggled to obtain work visas. She says the policies hurt the talent pool because talented women aren’t getting interviews due to the fact they don’t have visas.
Auction house Christie's will be presenting "Legacy of the GOAT," which will include a rare Michael Jordan signed rookie card and sneakers. Caitlin Donovan, the vice president of Christie's handbags and accessories department. joined Cheddar News to discuss the special memorabilia selection for the NBA great. "He's been a global phenomenon, so he's really shaped '90s culture and streetwear culture," she said. "And we see bidders from every pocket in the world."
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
Target made some headlines this week as the retailer slashed its prices due to excess inventory. Cheddar News anchors Kristen Scholer and Ken Buffa break down Target as the Stock of the Week.
The electric vehicle maker filed a proposal for a three-for-one stock split, increasing the accessibility of shares for investors for a stock trading at around $700 a share. The move comes not long after tech giant Amazon announced a 20-for-one split. The number of authorized shares rises from two billion to six billion. It was also revealed that board member Larry Ellison does not intend to stand for reelection as it pertains to Tesla.
'Pride Portraits' is a trans-led organization aiming to visually represent the LGBTQ+ community one photograph at a time. Eden Rose Torres, founder and president of Pride Portraits, joins Cheddar News to discuss its participants and the issues the LGBTQ+ community still faces.
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
