'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.
In fashion, the term "nude" is a common description of a shade slightly darker than champagne with a hint of blush or peach, but how does that translate to the wearer's skin tone? One shapewear brand's mission is to make sure "nude" is as inclusive as possible. Erin Carpenter, founder of Nude Barre, joined All Hands to discuss.
Tech giants Meta, Amazon, Alphabet, and Apple are faced with a bipartisan antitrust legislation effort underway in the Senate Judiciary Committee. The companies stand accused of promoting their own goods and services over smaller competitors on their platforms, holding too much monopolistic power via their app stores and services. Adam Kovacevich, founder and CEO of Chamber of Progress, a technology industry trade group, joined Cheddar to argue that the bills that are being debated currently could end up hurting consumers, rather than helping.
A saving grace for offices during pandemic lockdowns, video communication platform Zoom announced its own plans for doors to reopen from its Work Transformation Summit 2022. Dubbed Workstyles, CFO Kelly Steckelberg joined Cheddar to discuss the self-reported, tiered levels for how employees will be reporting going forward, from the majority of workers going hybrid to personnel who will work fully from home or the office where it makes sense. Steckelberg also talked about the company's plans for the future, stating “what we can control is our own execution," as Zoom's stock hit a 52-week low.
Sebastien Lagree, creator and founder of Lagree Fitness, joins Cheddar News to talk about the growth of Lagree Fitness and industry trends to watch in 2022.
Nikhilesh De, managing editor of global regulation and policy at CoinDesk, joins Cheddar News to discuss Bitcoin's slump and corporations' growing interest in NFTs.
Airlines around the world cancel or change flights ahead of Verizon and AT&T's 5G rollout. The two wireless companies agreed to temporarily delay the launch of the new service near some key airports, after airlines warned the 5G signals could interfere with certain aviation equipment. Jonathan Adelstein, president and CEO of the Wireless Infrastructure Association, joined Cheddar News to discuss.
Thrive Market is a health-first membership for conscious living, with a mission to make healthy and sustainable living easy and accessible. Nick Green, CEO and co-founder, chatted with Cheddar's Baker Machado about the company's approach and new ventures in 2022. "I grew up outside of Minneapolis, middle class, middle America, and really saw firsthand how hard my mom had to work to put healthy food on the table, on a budget, without a health food store nearby," he said. "Twenty-some years later we looked around and just thought it was crazy that millions of Americans are still struggling with the same thing, and we decided to change it." Recently the brand released a line of organic frozen products and will be introducing new beauty and home brands.
Morgan Stanley reported a beat on its Q4 with $2.01 per share versus an estimated $1.91. The investment banking company's earnings were up about 9.2 percent from the year before.
