Larry Summers' Tariff Analysis, US Sovereign Wealth Fund, TikTok
This week, former Treasury Secretary Lawrence H. Summers examines tariffs through a historical lens and poses hypotheticals for the current administration. And how will the US pull off creating a sovereign wealth fund? Plus, we take a look at TikTok and whether it's a threat to national security. Later, we dive into our nation's air traffic control system — is it safe? (Source: Bloomberg)
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Yahoo
8 minutes ago
- Yahoo
Alinea is helping Gen Z get started on their investing journey
Alinea, an investment platform geared toward younger Gen Z investors, has secured $10.4 million in April in its Series A funding round led by Play Ventures. Alinea Invest Co-Founders and Co-CEOs Anam Lakhani and Eve Halimi sit down in studio with Wealth's Allie Canal to talk about their experiences interning on Wall Street and their platform's tools in educating and guiding their peers in investing within their means. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Gen Z focused wealth management platform Alinea secured more than $10 million in its latest funding round. Co-founded by former city and Goldman Sachs employees, the app aims to make investing accessible and understandable for Gen Z. Joining me now are co-founders Anum Lakhani and Eve Halimi. Guys, thank you so much for being here. I love what you've built. You guys met in college. You're friends. What inspired you to create this app catered specifically for Gen Z? Eve and I both interned on Wall Street and we saw how so many of our friends just had no idea how to invest or how to get started. So we knew we wanted to build a platform that made wealth building more accessible. And Eve with over a million users now, average age of 22, 92% women, 70% Gen Z, what trends are you seeing on how this generation thinks about investing? So first, we talk to this user base in a way that they understand. So when we get on Tik Tok, uh, we're like, hey girlies, like this is how you should be investing your money. And what really resonates with them is our playlist feature, investing playlists that are based on themes or sectors that they really love. And how does this differ from some of the more traditional institutional investors that we see out there? So, not to be all buzz worthy, but with the advent of AI, our users and Gen Z want to be told exactly what to do that's personalized for them. Every single person has a different financial profile, and our vision with Alinea is to make sure that we're giving personalized advice to everyone based on their goals and their individual financial profiles. So is that the main difference on how this differs from platforms like Robinhood and other types of retail investing apps out there? Yes. We've basically built an AI coach called AI Allie, and she's like your financial bestie, and she guides you on what to invest in, how much to invest every month, uh, what to, yeah, put your money in and, and that personalization doesn't exist anywhere else. AI Allie. I love that name. I'm curious how AI, it's accelerated very rapidly. How do you balance the risk reward there to not lose that personal human touch? Yeah, our goal with Alinea is to make sure that you are understanding exactly what is happening with your money. And I think the biggest gap right now with Gen Z and new investors is the lack of financial literacy, knowledge, and confidence. And that's really where AI Allie comes in to teach you and explain to you how your money's working for you. What are the biggest questions that you hear from Gen Z investors that are just starting this journey? What do I invest in? How much do I invest? Uh, where do I put my money? Uh, this is how much I make. This is where I'm living. Like, give me a plan, a personalized plan for me and, and help me manage it. You guys both have backgrounds at the big banks out there. How did that help shape this app and the creation of it? I think it was a huge realization. We saw that everyone that worked on Wall Street tended to follow a similar profile when it came to demographics and everyone else just didn't understand all this jargon and the linguistics that come with the world of finance. And so we really wanted to break it down and make wealth building accessible to people like us and everyone around us. Eve, how about you? Yeah, I mean, I think we, on Wall Street, you see a lot of the rich getting wealthier and we wanted to give that, those tools to the masses, to people like us, and that's what Alinea's doing today. Looking ahead, what is your vision for this app and how you hope to really continue to embrace this Gen Z catered investing approach? Our vision is to make sure that every Gen Z in the US has a way to build wealth and to really live out their dreams. Alinea isn't just a financial app. We really say it's a way to live your dreams and have the freedom you want to have, and wealth is the way to get there. Do you see this app maybe expanding into other financial services? Absolutely. The goal is to build more financial tools to help, um, these Gen Z users, average age of 22, kind of grow their financial journey with us. And what common misconceptions or fears, I guess, do you hear from Gen Z investors? Yeah, how do I best set up my, my life so that I retire a millionaire? Like, what do I do so that when I retire, I have enough money or a million dollars in my bank account. Do you find that Gen Z investors, they're more curious about how to play their money. I, I feel like I look at my younger brother and everyone just seems so more in tune, and I don't know if it's social media, if it's Tik Tok, Instagram. Are you seeing that within your own cohort? Yeah, so what's really interesting is after GameStop, everyone knows they have to invest their money. They just don't know what's the right way to do it or how to do it. And that's really where Alinea comes in to guide you every step of the way and really personalize it to your financial profile. That's interesting. The GameStop, the meme stock frenzy, that really was a turning point, you think? Yeah. Yeah, I think if you go back 10 years ago, a lot of young people didn't even know that they should be investing. I think now that's really top of mind, especially with FinTalk, which is like financial TikTok, and all the memes. And so people are aware and now they need that knowledge, the plan, and the guidance, and that's what Alinea is really delivering on. Well, this is amazing, guys. Congrats on all the success and can't wait to check it out. Amazing. Thanks for having us. Thanks for joining us. We appreciate it.
Yahoo
22 minutes ago
- Yahoo
Ramit Sethi Explains How Our Thoughts And Words About Money Influence Our Wealth: 'The Way We Talk About Money Is So Peculiar'
Financial personality Ramit Sethi regularly talks about money. He normally offers budgeting strategies, advice on how to build wealth, and other insights. However, he took a different path in a recent TikTok video and explained why it's so important to monitor how you think about money. "The way we talk about money is so peculiar," Sethi observed. He proceeded to share some examples of how people talk about money and how to think of money in a more healthy way. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Sethi mentioned that some people will say they had a bad week if they spent too much money. He also proceeded to mention the "I have to get good with money" example, which is code for needing to save money to buy a single-family suburban house. These assertions don't tell the entire story. He said it's okay to spend money if you know your numbers and determine you have room in your budget to make those expenses. Most of the language revolves around having to get better or making mistakes, but there aren't as many healthy conversations about money. For instance, many people claim that money is the root of all evil. This message comes from the Bible, but it's been misinterpreted by the people who pedal it. The love of money is the root of all evil, but if you don't put money on the altar, it's not evil. Instead, having more money gives you more choices and opportunities in your life. Trending: Maximize saving for your retirement and cut down on taxes: . Sethi encourages people to pay attention to their thoughts and what they say when talking about money. It can reveal how you feel about money, your ability to get more of it, and what changes you may have to make. Sethi gives this advice a lot, but it's hard to blame him. Reviewing your income, monthly investments, and expenses can help you determine if you are on the right track to your long-term financial goals. If you don't review your bank account and credit card statements, it's easier to feel lost when it comes to money. Your language may reflect that if you simply say that you had a bad week or have to get great that you want to get better, but tracking the numbers allows you to quantify what "better" actually means. Sethi mentions that improving your finances may mean investing 10% to 12% of each paycheck. That way, you can spend money knowing that you have already put some of each paycheck aside for your long-term wealth. Of course, you can boost this number if you want to reach your financial goals sooner. Each person has a different amount they can invest each month, but knowing your numbers is vital for your money goals. You don't have to stay on top of your brokerage account to make regular contributions. Sethi suggests setting up automatic portfolio contributions so you never have to worry about it. Automatic transfers into your brokerage account can deduct 10% to 12% of your paycheck before you even have the opportunity to spend it. Setting aside money for your investments is one step to building wealth. Paying attention to how you speak and think about money can help you determine the next actions you should take. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Ramit Sethi Explains How Our Thoughts And Words About Money Influence Our Wealth: 'The Way We Talk About Money Is So Peculiar' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Opinion - Our schools have a ‘boy problem' and we need to talk about it
These days it's impossible to avoid the avalanche of evidence about young men falling behind in America. Within the last month, the New York Times laid out the dismal data, the Wall Street Journal noted the rising misogyny among boys and Bloomberg documented their rising anger. One thing you won't read about the boys dilemma, this month or any other month: serious solutions to the problem. After a couple of decades as an education reporter, my first book was 'Why Boys Fail.' That was in 2011, one of several books written at the time about boys falling behind. Back then, it appeared we were on the cusp of finally doing something about it. But apparently not. Fourteen years later, all we have are more studies and op-eds. No solutions. Why? The boys dilemma has three components, and the reasons for inaction are different for each component. My focus for 'Why Boys Fail' was schooling. I traced the effects of well-intended education reforms that date back to the 1989 education summit in Charlottesville, Va., where President George H.W. Bush and 49 governors laid out a national plan for ramping up education achievement. The most notable goal was boosting early literacy skills to get all students on track for a shot at higher education. It was a noble goal, but President Bush and the governors overlooked a small but important detail: Girls are ready for early literacy challenges, but boys are not. Doubtful? Ask mothers of both boys and girls about who was the early reader. As schools pushed reading skills down by about two grades, boys faltered. They looked at the happy girls, who thrived on early reading, and concluded that school was for girls. Cue a massive school tap-out among boys, who found solace in video games. Why has nothing been done about this? Simply put, schools have no interest. Principals are overwhelmed by multiple challenges, boys being the least of them. Teachers, mostly women, have limited interest in the issue. They often see boys as discipline problems and prefer to focus on easier-to-teach girls. Groups such as the American Association of University Women (think of them as the 'thought leaders' behind the female-dominated teachers unions) see the boy problems as politically inconvenient. (It has to be a little awkward promoting women in higher education when, in fact, they are already dominating it to an almost embarrassing degree.) Second comes the problem of fatherless families, which by far hits Black males hardest. More than 70 percent of Black children grow up in families without a father. Strong mothers inspire the girls to pursue school success, but the boys appear to need more — far more. Why has nothing been done about this? That dilemma touches on issues that have long resisted solutions: race and economic inequity. Third, there's the self-image issue. Boys get thrown horribly off-track by confusing social cues. Are we supposed to be muscle-bound Jason Stathams, mowing down bad guys with punches and kicks, or sensitive Alan Aldas, whispering soothing life lessons to the ladies in his life? Why has nothing been done about this? Actually, there's been regression here. Do you really expect the current White House occupant, who brags about never having changed a diaper, praises the uneducated, bashes top universities and revels in UFC fights, to advise boys to tone down their masculinity? So, nothing gets done, and the spinoff problems fester. The biggest of those, the lack of 'marriageable mates' for women, is the little-mentioned driver behind the falling birth rate. Why would a woman take on a husband who is less likely to have a college degree than she is, and who has comparatively less to contribute to a family? Being realistic, the last two drivers of the boy problems may very well be intractable. That leaves schooling, which I would argue is the biggest factor and one that can actually be addressed. How? It all starts with convincing (in some cases, forcing) superintendents and principals to redirect schooling in boy-friendly directions. There's proof that it can be done. Roughly 15 years ago, when the alarm sounded that girls were falling behind in math and science schools engineered a turnaround for girls. Today, there's test evidence of that math-science gender turnaround everywhere. There are plenty of alarms sounding today about boys. So the question becomes: Why not do for boys what you already did for girls? Richard Whitmire is the author of six books on education issues. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
