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☆ Salma Hayek Pinault and her billionaire husband keep their finances separate — just like many Gen Z and millennial couples
▼ + stars: | 2024-10-31 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Salma Hayek Pinault told the Wall Street Journal that she and her husband keep their finances separate. Many young couples are also choosing to keep their finances separate rather than having joint accounts. AdvertisementSalma Hayek Pinault said she and her husband, François-Henri Pinault, the billionaire CEO of Kering, keep their finances separate. Hayek Pinault told The Wall Street Journal in an interview published Tuesday that she did not sign a prenup, unlike many high-net worth individuals do before they marry. That was compared to 24% of Gen Xers (aged 44 to 59) and 16% of baby boomers (aged 60 to 78).

Persons: Salma Hayek Pinault, Henri Pinault, —, François, Hayek Pinault, Gucci, Balenciaga, Alexander McQueen, Saint Laurent, Hayek, Salma Hayek, Vittorio Zunino Celotto, Gen Zers, Gen Xers, millennials, ERIC PIERMONT, Gillian Coote, Coote, It's, Jen Glantz Organizations: Wall Street Journal, Service, The Times, Wall Street, Bank of America, Baby Boomers, Getty, Coote Family, Guardian, Business Locations: London, AFP, New York City

☆ Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company
▼ + stars: | 2024-10-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Tesla's falling California sales point to bigger problems for the car company. AdvertisementTesla is losing some ground in its home state of California, signaling more trouble ahead for the world's largest electric car company. As electric car sales rose 2% in California, Tesla's sales in the state fell 3.5%, according to third-quarter figures from the California New Car Dealers Association. The losses don't upset Tesla's market dominance: the Elon Musk-led company still accounted for more than half of all EV sales in California for the quarter. "Tesla's sales are actually doing great," he said during a recent X space.

Persons: —, Tesla, That's, Elon, Elon Musk, Donald Trump, Jason Bateman, Bateman, Tim Walz, Sean Hayes, Will Arnett, it's, MAGA Organizations: Service, Car Dealers, EV, Hyundai, BMW, Republican, Trump, Cox Automotive Locations: California

☆ 34 celebrities who became mothers after 40
▼ + stars: | 2024-10-30 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

More and more women are choosing to become mothers later in life. Whether through IVF, adoption, surrogacy, or natural conception, these celebs became moms after 40. Go to newsletter preferences Thanks for signing up! AdvertisementMore children are being born to mothers over the age of 40. These celebrities have joined the increasing number of women who, whether by carrying their own child, adopting, or using a surrogate, became mothers over 40.

Persons: Gisele Bündchen, — Organizations: Service, Centers for Disease Control

☆ NFL trade deadline predictions: Will Bryce Young, Mike Williams and others stay put or move on?
▼ + stars: | 2024-10-30 | by ( Mike Jones | ) www.nytimes.com time to read: +7 min

The lead-up to the Nov. 5 NFL trade deadline has already featured a good deal of action, as wide receivers Davante Adams, Amari Cooper, DeAndre Hopkins and Diontae Johnson all changed addresses within the last two weeks. Monday, the Kansas City Chiefs added pass rusher Josh Uche via trade with the New England Patriots to further bolster their defense. GO DEEPER What every NFL team should do at the trade deadline: Buy, sell or stand pat? The Panthers, however, don’t seem ready to admit just yet that they erred so greatly in their Young selection. (Top illustration: Dan Goldfarb / The Athletic; photos of Bryce Young, Travis Etienne and Mike Williams: Brooke Sutton / Getty Images, Gary McCullough and Adam Hunger / Associated Press)

Persons: Davante Adams, Amari Cooper, DeAndre Hopkins, Diontae Johnson, Josh Uche, Maxx Crosby, Myles Garrett, Andy Dalton, Young, Jadeveon, Bob Donnan, Aidan Hutchinson, Clowney, Davis, Za’Darius Smith, Ken Blaze, Garrett, — Smith —, Smith, Smith hasn’t, Jeff Hafley, Etienne, Adams, Williams, Dan Goldfarb, Bryce Young, Travis Etienne, Mike Williams, Brooke Sutton, Gary McCullough, Adam Hunger Organizations: Kansas City Chiefs, New England Patriots, Las Vegas Raiders, Cleveland Browns, NFL, Panthers, Denver Broncos, The Panthers, Carolina Panthers LB, NFC, Detroit, Atlanta, Baltimore Ravens, Carolina, Chicago, Bears, Browns, Packers, Green Bay, Scoop, Williams, Getty, Associated Press Locations: Carolina, Detroit, Atlanta, Arizona, Clowney, Minnesota, New York

☆ GM CEO Mary Barra says there's so much EV competition in China that it's driving a price war that isn't sustainable
▼ + stars: | 2024-10-30 | by ( Lloyd Lee | Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

General Motors CEO Mary Barra said on Tuesday that EV manufacturers face steep competition in China. It's not sustainable for EV manufacturers like GM, Barra said. AdvertisementGeneral Motors CEO Mary Barra said there are so many companies trying to sell EVs in China right now that it's driving a price war that isn't sustainable. "You have to look at what the sustainable business is because the situation that is there right now is not sustainable," Barra said. In China specifically, GM sold 14% more vehicles in the third quarter than in the second.

Persons: Mary Barra, Barra, —, she's Organizations: EV, GM, Service, General, TechCrunch, European, BI, China EV, Benz Locations: China, San Francisco

☆ Former CEOs of American Airlines, LinkedIn, Amex, Xerox, and 13 other companies make the pitch for Kamala Harris
▼ + stars: | 2024-10-30 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

A group of former CEOs published an op-ed Tuesday endorsing Kamala Harris for president. AdvertisementA group of former CEOs who led major US companies — including American Airlines, LinkedIn, Xerox, and American Express — made the case for Kamala Harris in an op-ed one week before Election Day. The 17 business leaders said they were voting for Harris because they thought she'd be better for the economy than former President Donald Trump. AdvertisementOther business leaders have publicly supported Trump, including Blackstone CEO Stephen Schwarzman, who said this week that Trump would be "efficient and effective." Meanwhile, some business leaders have avoided taking a position publicly even if they support one candidate or another in private.

Persons: Kamala Harris, Donald Trump, Elon Musk, —, American Express —, Harris, she'd, Reid Hoffman, Doug Parker, Ken Chenault, Michael Lynton, Trump, Musk, Stephen Schwarzman, Jeffrey Sonnenfeld, they're Organizations: Trump, Elon, Service, American Airlines, LinkedIn, Xerox, American Express, Sony, Blackstone, Yale School of Management, Leadership Institute Locations: Fortune, America, Swatara Township , Pennsylvania

☆ Starbucks to stop charging extra for non-dairy milk substitutes
▼ + stars: | 2024-10-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

Starbucks will stop surcharges on non-dairy milk ahead of the holidays. AdvertisementStarbucks is giving almond milk lovers and oat milk enthusiasts a holiday gift this year. The coffee chain will stop charging extra for non-dairy milk substitutions next month, CEO Brian Niccol said during a Wednesday earnings call. Substituting non-dairy milk is the second-most popular customization, Niccol said, after an extra shot of espresso. Extra costs for non-dairy milk can reach up to 80 cents per order in certain markets, CNBC reported.

Persons: Brian Niccol, Niccol, — Organizations: Starbucks, Service, CNBC

☆ Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Experts told BI that all three companies face slumping EV sales and brutal competition in China. BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. German carmakers are losing out to Chinese EV makers such as BYD. She added that Mercedes, BMW, and Volkswagen offer comparatively few hybrid and extended-range vehicles — categories that have proven extremely popular in China. Slow sales in EuropeAt the same time, Germany's automakers are also dealing with a slowdown in EV sales in Europe.

Persons: —, Arno Antlitz, Mercedes, Hendrik Schmidt, Daniel Pier, Getty Images Helena Wisbert, Wisbert, Matthias Schmidt, Tesla, JENS SCHLUETER, that's Organizations: BMW, Mercedes, Benz, Service, Volkswagen, Wednesday VW, VW, dpa, China Passenger Car Association, Getty Images, Ostfalia University, Getty, European Union, Volkswagen Group, UBS Locations: Germany, China, Europe, North America, South America, China —, AFP

☆ I'm a CEO who started a company and had a baby at the same time. Fatherhood has completely changed how I think about work.
▼ + stars: | 2024-10-30 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Balancing family and entrepreneurship, MacKay prioritizes family time while building Cadence. AdvertisementThis as-told-to essay is based on a conversation with Andrew Ross MacKay, the 33-year-old cofounder and CEO of Cadence, based in Los Angeles. I'm now the cofounder and CEO of Cadence, a salt-based electrolyte drink. This year, my daughter, Bloom, was born on March 20Mackay and his family. My family deserves me to be at my best, and to do that, I need to feel passionate about what I'm building.

Persons: Andrew Ross MacKay, MacKay, Bloom, MacKay prioritizes, —, I'm, Peter Thiel, Drake, George Heaton, Mackay, Anastasia Hing, Anastasia, I've, Ana, I'd Organizations: Cadence, Service, Daring Foods, D1 Capital, Founders Fund, Daring, Ana Locations: Los Angeles, Glasgow, Scotland

☆ Biden's 'garbage' comment is a gift to Trump
▼ + stars: | 2024-10-30 | by ( Grace Eliza Goodwin | John L. Dorman | ) www.businessinsider.com time to read: +5 min

Biden on Tuesday appeared to call Trump supporters "garbage." On Tuesday night, Biden appeared to say that it was Trump supporters who are "garbage." Instead of focusing solely on his former opponent, as he has often done, Trump linked Biden's comment back to his current opponent, Harris. Trump then compared Biden's comment to former Secretary of State Hillary Clinton's "basket of deplorables" comment in 2016. Advertisement"Moments ago, Kamala's boss crooked Joe Biden just called ALL my supporters GARBAGE - HE WAS TALKING TO YOU!"

Persons: Donald Trump, Joe Biden, Kamala Harris, Biden, who's, —, Trump, It's, Harris —, Tony Hinchcliffe, Hinchcliffe, Bad Bunny, Jennifer Lopez, we've, Andrew Bates, X, Harris, Republican Sen, Marco Rubio, Hillary Clinton's, FIRST Hillary, Biden's Organizations: Trump, MSG, Service, Democratic, Madison, Puerto, Puerto Ricans, GOP, American People, Republican, NBC News, FIRST Locations: Puerto Rico, Puerto Rican, Puerto, Madison, America, United States, Allentown , Pennsylvania, Florida, Washington ,

☆ Why the October jobs report on Friday could sink the market's soft-landing narrative
▼ + stars: | 2024-10-30 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

September's payrolls report exceeded expectations, but economists see weak gains for October. Even with lower expectations, a poor print could reset the market's narrative around a soft landing. AdvertisementThe narrative around ongoing labor-market strength revived with September's payrolls report, which topped economists' expectations by over 100,000 jobs. "The October jobs report will likely show a severe but short-lived hit from hurricanes Helene and Milton," Adams said. Another sign that September's jobs numbers may have been overstated is that other employment indicators haven't started to trend upwards.

Persons: September's, —, Hurricanes Milton, Helene, Tom Essaye, Ben McMillan, McMillan, Goldman Sachs, there's, Goldman, Claudia Sahm, Michael Cuggino, Bill Adams, Milton, Adams, Neil Dutta, David Rosenberg, Rosenberg, Dutta Organizations: Service, Bureau of Labor Statistics, Hurricanes, Boeing, IDX Advisors, of Labor Statistics, Comerica, Funds, Federal Reserve, Macro, BLS, PMI

☆ Betting on the election is the hottest new trend. But can prediction markets keep the momentum going?
▼ + stars: | 2024-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyPresidential betsChris duMond; Chip Somodevilla/Getty Images; Jenny Chang-Rodriguez/BIWe're less than a week from election day, but one group can already claim victory: betting markets. Kalshi's legal victory in October over the CFTC to offer election betting paved the way for the trend. iStock; Rebecca Zisser/BIThe betting market's biggest tests might come after the election. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race. AdvertisementShould Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis.

Persons: —, Chris duMond, Chip Somodevilla, Jenny Chang, Rodriguez, Matthew Fox, Donald Trump, Polymarket, iStock, Rebecca Zisser, Nate Silver, Tesla, Zuckerberg, Citadel's, Justin Lubell, Lubell, Steve Schwarzman, Ken Griffin, Trump, Tyler Le, Harris, Sundar Pichai, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Apple, CFTC, Trump, TikTok, Meta Connect, Meta, Bank of America, Blackstone, Republican, Amazon, AWS, Five Apple Intelligence, Google, The Washington Post, Street, Microsoft, Starbucks Locations: French, New York, London

☆ A finance professional who wound up in credit card debt after 'doom spending' explains how she got out of the red and changed her money mindset
▼ + stars: | 2024-10-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Despite a solid financial background, Alejandra Rojas found herself in five-figure credit card debt. "I graduated as a finance professional, so I knew every strategy in the book on how to save, how to get out of debt," said Rojas. After landing a job as a financial officer in Washington DC, she started spending more than she was earning and found herself in a $10,000 hole. "I got into credit card debt from mindless spending — what you would now call 'doom spending,'" said Rojas. AdvertisementRojas, now 29, said it took her six to seven months to pay off her credit card debt.

Persons: Alejandra Rojas, —, Rojas, Alejandra Rojas Rojas, overspending, Rojas didn't, I'm Organizations: Service, Washington DC, DC Locations: Cali , Colombia, Washington, Maryland, Amsterdam

☆ I was laid off and forced to retire in my 50s. I wish I'd started planning sooner, but my investment portfolio helped — and life is good.
▼ + stars: | 2024-10-30 | by ( ) www.businessinsider.com time to read: +7 min

They have IRAs, savings accounts, and an investment portfolio to help during retirement. Like most people, I didn't really start thinking about retirement until I was past my mid-40s. With no house or vehicle payments, utilities, or property taxes, our investment income exceeds our budgeted monthly living expenses. Outside of that, we have our IRAs, savings accounts, and a small self-directed investment portfolio. Life Is What You Make ItLooking back, I wish I'd started sooner, but I was fortunate.

Persons: Chris Mott, couldn't, Mott, —, I'm, Chris, Kim, Dodge, I've, It's, we've, I'd, Gigi, Papa, Manseen Logan Organizations: Service, Western, Social Security Locations: California, Western United States, Canada, Orange County, Yorba Linda, Vancouver , Washington, Orange, Lake Havasu, mlogan

☆ A familiar-looking Houthi torpedo could be derived from captured US tech, analysts say
▼ + stars: | 2024-10-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The weapon resembles a US sea drone the group captured years ago, analysts told BI. AdvertisementThe Houthi rebels in Yemen have a new torpedo to show off — and it looks familiar. Martin Kelly of the UK advisory firm EOS Risk Group, said the torpedo could derive from a US REMUS 600 drone lost in 2018. Houthi forcesPer Kelly, Iranian scientists could have turned a captive example into a "blueprint" for the homegrown weapon seen this week. He told BI that the torpedo looked like models put on display at an Iranian navy exhibition in Tehran in December 2023.

Persons: —, Al Qar'iah, Martin Kelly, REMUS, US REMUS, Per Kelly, Kelly, Mohammed Albasha Organizations: Service, EOS Risk, US MIM, US, US Defense Intelligence Agency, Geneva Graduate Institute, BI, US Navy, Pentagon, Drewry Locations: Iran, Yemen, US, Russia, Ukraine, Tehran, Iranian, Red, Israel, Gaza, Albasha

☆ I spent a day in Kamala Harris' Fortnite town. It was full of policy details meant to reach young voters, but was mostly empty.
▼ + stars: | 2024-10-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The map, Freedom Town, USA, focuses on affordable housing and Harris' proposed policies. I spent a day in Freedom Town, USA, building housing, and it was pretty empty. AdvertisementWelcome to Freedom Town, USA, a Fortnite world created by the Harris-Walz campaign. I took a trip to Freedom Town, USA, and spent the day observing and attempting to talk to players. So far, Freedom Town hasn't taken off; according to third party player statistics tracker Fortnite.GG, the Freedom Town map saw an all-time and 24-hour peak of 563 users.

Persons: Harris, Walz, —, Walz's, Gen Zers, would've, unmuted, Lauren Obanion, Obanion Organizations: Freedom Town, Service, Entertainment Software, YouGov, Freedom, New, DC Metro Locations: USA, Freedom Town, New York City, Ohio

☆ Former Avenue Capital employee in a legal fight with billionaire boss Marc Lasry claims she was offered $5 million to 'settle without an attorney'
▼ + stars: | 2024-10-30 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A former Avenue Capital fundraiser claims Marc Lasry offered her a $5 million settlement in May. Earlier this month, Lasry filed a lawsuit against Gina Strum, claiming she was trying to extort $50 million. AdvertisementBillionaire Avenue Capital cofounder Marc Lasry offered a former female employee who accused him of years of sexual harassment a $5 million settlement in May, according to new legal filings from Gina Strum's lawyers. The suit included texts and emails from Strum that Lasry's legal team said demonstrated Strum's obsession with her billionaire boss. AdvertisementDays after Lasry filed his suit, Strum responded with her own lawsuit, claiming years of sexual harassment and unwanted touching from Lasry.

Persons: Marc Lasry, Lasry, Gina Strum, —, Gina Strum's, Plaintiff Lasry, doesn't, Strum, CK, Marc Lasry's, Hoffler Organizations: Capital, Service, Milwaukee Bucks, Democratic, Strum Locations: New York

☆ Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says
▼ + stars: | 2024-10-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy. The bank pointed to a 20-year stagnation of the industrial economy as production was sent offshore. AdvertisementThe US economy could unlock trillions in value over the next decade if more manufacturing activity comes back to the US, according to Morgan Stanley. The Biden administration, meanwhile, has poured billions into its push to increase chip production in the US and boost the manufacturing and industrial sectors. The cumulative effects could be "pretty profound" across the US economy, Snyder said, with the boost to industry and manufacturing bound to raise GDP.

Persons: Morgan Stanley, —, Chris Snyder, Snyder, Morgan Stanley's, Trump, Biden Organizations: Service, Biden, of Supply Management, Commerce Department, Economic

☆ A TikTok creator doubled her income with a 50-part post about her husband. She keeps her day job for stability.
▼ + stars: | 2024-10-30 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Tareasa M. Johnson, known as "Reesa Teesa," went viral with the TikTok series, "Who TF Did I Marry." Johnson told BI she makes more than double her salary from content creation, but kept her old job. Related VideoThe series and her ongoing content creation now account for "about 70%" of her income, Johnson told Business Insider. AdvertisementNatasha Rothwell is developing a TV series based on Johnson's TikTok series for ABC. AdvertisementJohnson said she would only leave her job for another full-time, stable position — never content creation, which can be volatile and time-consuming.

Persons: Tareasa, Johnson, —, wasn't, she's, She's, that's, Natasha Rothwell, John Nacion, she'll, I'm Organizations: CAA, ABC, Service, Business, Conference, Getty Locations: Marietta , Georgia, Marietta

☆ I travel with my mom every year. We've been around the world, but one activity is the glue to our trips.
▼ + stars: | 2024-10-30 | by ( Anna Staropoli | ) www.businessinsider.com time to read: +1 min

Every year, my mom and I plan a trip anchored by a different food festival. Food festivals reduce the pressure of planning and allow us to immerse ourselves in new places. We've traveled across the country and to various continents, but there's one activity that serves as the glue to our trips — food festivals. By attending food festivals around the world, we're able to experience the local culture in a unique way. As an added bonus, festivals also make our trips easier to plan and always turn into an unforgettable experience.

Persons: —, We've Organizations: Service

☆ Evertune is building marketing analytics tools for LLMs. Check out the pitch deck it used to launch from stealth with $4 million in seed funding from Eniac.
▼ + stars: | 2024-10-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

The startup offers marketing analytics tools to help brands boost their SEO on LLMs like ChatGPT. Check out the 17-slide pitch deck Evertune used to raise its $4 million seed funding round. The startup, Evertune, launched from stealth today with $4 million in seed funding, it confirmed exclusively to Business Insider. AdvertisementAt Evertune, Stempeck said that he and his co-founders, Ed Chater and Poul Costinsky, are focusing on being the leader in intersection between advertising and AI. Check out the 17-slide pitch deck Evertune used to raise its $4 million seed funding round.

Persons: Evertune, Roger Ehrenberg, —, OpenAI's ChatGPT, Google's, Anthropic's Claude, Brian Stempeck, Evertune's, Stempeck —, LLMs, Stempeck, Ed Chater, Poul Costinsky Organizations: Eniac Ventures, Nextview, Service, Business, New York VC, NextView Ventures, Aperiam Ventures

☆ One week out from the election, Jared Kushner and Ivanka Trump still say they're set on moving on from Trumpworld
▼ + stars: | 2024-10-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Jared Kushner and Ivanka Trump were advisors to Donald Trump when he was in office. Her husband, Jared Kushner, says they're "rooting for" Trump but will not return to politics if he wins. Kushner told The Times that if Trump is elected, he does not expect "a major shift in terms of what we prioritize." I do not plan to be involved in politics," Ivanka told Fox News Digital after she skipped Trump's 2024 campaign launch. I think you have to either be all in or all out," Ivanka told the podcaster Lex Fridman in an episode that aired in July.

Persons: Jared Kushner, Ivanka Trump, Donald Trump, Ivanka, Trump, —, Kushner, Ambani, Arabella Rose Kushner, Carbone, Lex Fridman, it's Organizations: Service, The New York Times, The Times, Times, Fox News Digital, Business Insider, Republican National Convention, Miami Grand Prix, Affinity Partners Locations: Washington, India, Saudi Arabia

☆ My daughter started trick-or-treating without adults when she was 6. We wanted to give her the independence we grew up with.
▼ + stars: | 2024-10-30 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My daughter, Julia, was 6 when she went trick-or-treating for the first time without me or my husband, Troy, on Halloween 2021. Eskridge with her daughter, Julia, then 6, at a neighborhood Halloween party in 2021. In 2022, Julia went trick-or-treating with two friends, one 7 and the other 8. The parent of the 7-year-old wanted to tag along, and although she was a bit disappointed, Julia went with the flow.

Persons: Kay Eskridge, —, Julia, Troy, Jonetta, We'd, I'd, we'd, Nobody, Miss Dee, I've, we're, She'll Organizations: Service, Child Protection Services, Business Locations: Louisville , Kentucky, Troy

☆ BBG Ventures raises $60 million for its latest fund and moves beyond just backing female founders
▼ + stars: | 2024-10-30 | by ( Leena Rao | ) www.businessinsider.com time to read: +4 min

New York-based BBG Ventures has raised a new $60 million fund. The latest fund will invest in both female founders and those with diverse backgrounds. Ten years later, the seed stage fund has raised a new $60 million fund and is moving beyond just backing female founders to any entrepreneur from a diverse background. AdvertisementWhen Verizon bought AOL in 2015, BBG Ventures separated and raised a new $50 million fund. Related storiesDua explained that the decision to move beyond exclusively backing just female founders reflects the duo's shift in thesis around innovation.

Persons: —, VCs, Susan Lyne, Nisha Dua, Lyne, Dua, Nordstrom, clamoring Organizations: BBG Ventures, California Endowment, Mizuho, Service, AOL, Founders, Spring Health, Verizon, State of Michigan Retirement Services, Illumen, Investments, Fairview Capital, Bank of America Locations: York, U.S, Spring, Nara, Dua, Lyne

☆ My older mom is losing her memory. I'm rushing to plan my wedding while she still remembers my partner.
▼ + stars: | 2024-10-30 | by ( Michael Kaye | ) www.businessinsider.com time to read: +6 min

In my mid-20s, my mom started losing her memory, which made me feel isolated. My fiancé and I are planning our wedding as fast as we so she can be part of our wedding. My mom began losing her memoryThen, in my mid-20s, something else started to differentiate me once again from my peers. My dad, who barely has a memory of life without my mom. On my right wrist is a tattoo of a Chai necklace my dad gave me, which his father gave him.

Persons: —, grandpa, bubbled, I'm Organizations: Service, Alzheimer's Association

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