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Companies founded by women received less than 2% of venture capital funding in 2022— a decline from the year before. However, when women-led startups are funded, research has shown that they generate more in cumulative returns, compared to those led by men. A new VC fund aims to take this lesson to women’s sports. On Monday, venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.” Nortman is a former partner at the Los Angeles-based venture capital firm Upfront Ventures. Robinson was a partner at Causeway, a fund focused on sports, media, and entertainment. The Monarch Collective, founded in January, will focus on investing in women’s teams and leagues, along with adjacent industries, such as media and gaming. The duo say they are initially considering investments in women’s soccer teams in the U.S., and in women’s teams and leagues in sports such … [Read more...] about The Monarch Collective unveils $100 million fund to bring equity to women’s sports

Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares were down 8.8% in late-afternoon trading on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps. Rising costs on insuring debt were also a prelude to Swiss lender Credit Suisse’s government-backed rescue by rival UBS. That hastily arranged takeover Sunday aimed to stem the upheaval in the global financial system after the collapse of two U.S. banks and jitters about Credit Suisse’s long-running troubles led its shares to tank and customers to pull out their money. Asked whether Deutsche Bank could be the next Credit Suisse, Scholz said, … [Read more...] about What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse

With chatbots like ChatGPT making a splash , machine learning is playing an increasingly prominent role in our lives. For many of us, it’s been a mixed bag. We rejoice when our Spotify For You playlist finds us a new jam, but groan as we scroll through a slew of targeted ads on our Instagram feeds. Machine learning is also changing many fields that may seem surprising. One example is my discipline, ornithology—the study of birds . It isn’t just solving some of the biggest challenges associated with studying bird migration; more broadly, machine learning is expanding the ways in which people engage with birds. As spring migration picks up, here’s a look at how machine learning is influencing ways to research birds and, ultimately, to protect them. The challenge of conserving migratory birds Most birds in the Western Hemisphere migrate twice a year , flying over entire continents between their breeding and nonbreeding grounds. While these journeys are … [Read more...] about How machine learning is helping scientists forecast bird migration

Globe is setting a new trend with women outnumbering their male counterparts in leadership positions. This comes at a time when most Philippine boardrooms are still dominated by men. Some 52% of Globe’s executive roster are women, with 49 holding the top two ranks in the corporate hierarchy, compared to 45 men as of end 2022. This marks the first time in at least five years that there were more female executives in Globe’s core business. Women ranked managers and directors have also been increasing in the last five years, rising from 958 in 2018 to 1,193 as of end 2022. Even while there are still more men in middle management, the female population is catching up. These figures buck the trend as cited in a March 2019 study by the Makati Business Club that was supported by UN Women, the European Union and Women Empower Asia. The study “Women in the Philippine C-Suite” found that only about three percent of C-Suite positions in business across the country are … [Read more...] about Globe keeps diversity and gender balance strong with women in leadership team

This 2016 photo provided by Netflix shows writer/producer Marta Kauffman, from left, Jane Fonda, as Grace Hanson, and Lily Tomlin, as Frankie Bergstein, in a scene from “Grace and Frankie”. Image: Netflix/Melissa Mosley via AP Ask Marta Kauffman if there will be a “Friends” reunion someday, and the answer is a crisp “nope.” Kauffman, who created the enduringly popular sitcom with David Crane and was an executive producer from start to finish, is focused on what’s now and next, not what’s past. She’s moved on from the 1994-2004 network-airbrushed adventures of young New York pals to the unvarnished pains and pleasures of older women — and, subordinately, men — in “Grace and Frankie”. The Netflix comedy is in the hunt to add 2019 Emmy Award nominations to those earned in its first four seasons by stars Jane Fonda and Lily Tomlin, who also have received Screen Actors Guild, Golden Globe and other nods of recognition. “Friends” can boast of nabbing a best comedy series Emmy in … [Read more...] about ‘Friends’, ‘Grace and Frankie’ creator outfoxes sexism

Republican Sen. Tommy Tuberville of Alabama is single-handedly holding up confirmations of top Department of Defense (DOD) positions over what he calls executive overstep into Congress’ jurisdiction over abortion policies, according to the senator and media reports. Secretary of Defense Lloyd Austin declared in February that the department would provide leave and funding for military personnel to travel out of state for abortions if they are based in a state that bans or heavily restricts the procedure. Tuberville said he plans to continue blocking about 160 promotions of military commanders to key positions in the Indo-Pacific and Middle East and for NATO until DOD reverses the policy and shows no sign of letting up, according to Punchbowl News and Tuberville. “I hate to have to do this. It’s unfortunate. But we make the laws over here. The DoD doesn’t. This is not about abortion. It’s about taxpayer-funded abortions,” Tuberville told Punchbowl. “If this was about a list … [Read more...] about GOP Senator Blocking Pentagon Promotions Over Abortion Policy

Share to Twitter Share to Linkedin North Carolina’s First Citizens Bank doubled its size with the stroke of a pen in the early hours of Monday morning with its landmark FDIC-assisted acquisition of Silicon Valley Bank , and nobody will reap the rewards more than the family that has orchestrated its growth for the last century. Chairman and CEO Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion thanks to Monday’s 54% stock gain following the deal. The surge erased all of the stock’s year-to-date losses in the regional bank selloff stemming from SVB’s failure and contagion fears. Raleigh-based First Citizens and the Holding family have kept a low profile for decades, but the family-owned bank has been on a mission to expand nationwide via … [Read more...] about SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire

By NICOLAS GARRIGA and JOHN LEICESTER (Associated Press) PARIS — Protests and strikes against unpopular pension reforms kicked off again Tuesday across France, with police security ramped up against feared violence and government warnings that radical demonstrators intend “to destroy, to injure and to kill.” Fears that violence could mar the demonstrations prompted what Interior Minister Gérald Darmanin described as an unprecedented deployment of 13,000 officers, nearly half of them concentrated in the French capital. Protests got underway peacefully Tuesday morning, with large crowds in multiple cities. In Paris, striking railway workers with burning flares and flags invaded and blocked train tracks serving one of the capital’s main stations, Gare de Lyon. Police were braced for violence later in the day. The interior minister said more than 1,000 “radical” troublemakers, some from overseas, could latch on to marches planned in Paris and elsewhere. “They come to destroy, … [Read more...] about France braces for violence in new wave of pension protests