Abby Falik, Founder and CEO of 'Global Citizen Year,' discusses the company's mission to make taking a gap year 'aspirational' for all students. Falik adds that the company's goal is to have students develop a new language while getting a new perspective, and showing off what being an American means to other parts of the world.
Global Citizen Year offers programs in Ecuador, Senegal, India, and Brazil. Falik adds that the focus of the company is on impact, noting that even though the program is expensive, it is able to choose students, regardless of their financial status, through scholarship programs. The company is a non-profit, and is able to re-invest some tuition costs back into its programs.
Falik explains how selective the process is, but that 'Global Citizen Year' does not look at grades or test scores in the way that colleges and universities do. She notes that the program is seeking students that are "persuasive, passionate, and hungry" for a year of impact.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Citi told most of its employees that they could work from home at the end of the month, according to CNBC.
Chobani paid $900 million to purchase ready-to-drink coffee maker La Colombe.
Kerri Quigley, founder of The Fashion Class, spoke with Cheddar News on how to make an ugly sweater on a budget.
With Christmas only 10 days away, some kids may notice that there's a lot of spending going on this holiday season. Dr. Regine Muradian, licensed clinical psychologist, joined Cheddar News to provide tips on how to teach kids the value of gifts and money.
It appears that people are cutting back on tipping with gratuity requests spreading far beyond bars and restaurants.
