
Evening Edition: Women Leading The Way In Overcoming Financial Anxiety
Young women in America are leading the way in taking steps overcome financial anxiety during times of economic downturn. They are changing their consumer behavior by cutting back on spending and embracing a DIY lifestyle. It is a trend of strategic smart saving coupled with smart spending that is helping to build a more stable financial future.
FOX's Tonya J. Powers speaks with Emily Zekonis, finance expert for online savings platform Raisin, who says by using some financial foresight you could see a long-term change for the better.
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Forbes
24 minutes ago
- Forbes
Anduril Cofounder Trae Stephens Is Now A Billionaire
Trae Stephens, also a partner at Founders Fund, ranked 19 on the 2025 Forbes Midas List. Last week, Anduril announced that it had raised a mega funding round led by Founders Fund, valuing the company at more than $30 billion, doubling its valuation in less than a year. The deal also minted a new defense tech billionaire: company chairman Trae Stephens. The Forbes Midas List alum, who is also a partner at Founders Fund — which led the round with a $1 billion investment, its largest ever — owns more than 3% of Anduril, according to Forbes' estimates, pushing his net worth beyond $1 billion. Stephens and Anduril declined to comment. Booming investor appetite for military startups has helped make Stephens the latest entrant to a group of billionaires who have built fortunes selling weapons systems to the government. His Anduril cofounder Palmer Luckey is worth $3.6 billion, Forbes estimates, while Alex Karp, the cofounder and CEO of military software firm Palantir is worth $11.9 billion. Since launching in 2017, Anduril has been at the forefront of a new generation of venture-backed startups making weapons, drones and software for the military — an ecosystem that is increasingly being embraced by the Trump administration. Last month, Anduril emerged as a frontrunner alongside SpaceX and Palantir to develop a weapons system for Trump's proposed $175 billion Golden Dome for America plan, which aims to combat missile threats. Stephens has taken an atypical route to becoming a Silicon Valley billionaire. After stints in multiple political offices and the intelligence community, he was an early employee at Palantir, which was cofounded by Peter Thiel. The famed investor convinced him to join Founders Fund in 2014 as a partner. There, he met Luckey during a retreat hosted by the investment firm, and the two developed the idea behind Anduril: applying a Silicon Valley strategy to a military-facing business. At Founders Fund, Stephens has also backed other defense tech companies, including Gecko Robotics (valued over $600 million), which makes hardware and software to protect defense infrastructure, and Varda Space Industries (valued more than $500 million), which tests drugs and manufactures things like fiber optic cables in space. He also led the series A funding round into supply chain logistics startup Flexport (most recently publicly valued at $8 billion). That 'check that I wrote was maybe the best one, aside from' Anduril, he previously told Forbes. Beyond Anduril and Founders Fund, Stephens, who ranked No. 19 on the 2025 Midas List, also is the cofounder of Sol, a startup making eyeglasses with Kindle-style lenses for "immersive reading' that last raised a seed funding round led by YC Combinator chief Garry Tan in 2023. Stephens, who previously worked on President Donald Trump's transition team during his first term, was also considered for a senior Defense Department role this year, but it didn't materialize (citing one source, Semafor previously reported that some administration officials were concerned about Stephens' investments; Stephens declined to comment at the time). At Anduril, which generated $1 billion in revenue last year, Stephens is aiming to scale up production of its suite of military products. The company, which sells drones, augmented reality helmets, sensors and software to connect them, raised $1.5 billion last year to build a factory in Ohio, called Arsenal-1, to rapidly scale up its production of aerial and maritime drones. And last month, Anduril announced it was partnering with Meta to make an AI-powered headset for the military. The fresh $2.5 billion in funding, a series G round, will also be used to acquire new companies, and expand operations in Australia and Europe, spokesperson Shannon Prior told Forbes last week.


CNN
39 minutes ago
- CNN
Lululemon's We Made Too Much Section has tons of Father's Day gifting inspo
Let Lululemon outfit all your summer fitness goals. Overflowing with tons of activewear essentials, the brand's We Made Too Much section has you covered for every type of workout, so you don't have to pay full price for your favorites. Hundreds of Lululemon scores are a lot to sift through, so as someone who covers fashion deals and sales, I rounded up the section's best workout clothes for women and men ahead, especially if you're shopping around for Father's Day gift ideas. Lululemon 2-Inch Align High-Rise Short Give yourself more range of motion with these Align shorts. They're made from the brand's popular smooth fabric to provide added comfort during workouts. Its high waistband does more than compress, it also features a hidden pocket. Lululemon Align V-Neck Bra Light Support, A/B Cup This plunging, scoop-back workout bra infuses your workout ensembles with style. Lightly padded, it offers light support as you head into downward dog or child's pose. Pair the bra with your collection of Align bottoms. Lululemon Lightweight Split-Back Training T-Shirt Complete with an open-slit in the back, this flowy tee gives you more flexibility as you power through workouts. It can also be tied up when sets get particularly sweaty. Lululemon Stretch Woven Ruffle-Waist Midi Skirt A midi skirt can effortlessly dress up your summer outfits while keeping things light and breezy. This Lululemon skirt adopts an adorable ruffled waistband, and it has a soft, crinkly texture that brings an airy touch. Lululemon Everywhere Belt Bag 1L This belt bag never goes out of style. Grab this summer-ready lavender color for your collection while it's $29. Keep valuables safely stashed inside during your summer vacation travels. Lululemon Pace Breaker Pant Wash Don't be fooled by these pants: They offer ample stretch and breathability with mesh paneling at the back. Their tapered fit also lends it a more stylish, streamlined look you can wear outside of the gym. Lululemon Logo Sport Polo Short Sleeve Updated Fit If golfing is on the agenda this summer, reach for this new-and-improved polo top from Lululemon that's less boxy than its earlier iteration. It also features minimal seams to help prevent chafing. Lululemon Balancer Woven Relaxed-Fit Shorts Add a pop of color to your wardrobe and a new activewear go-to with these Balancer shorts. It's made with a lightweight woven fabric to give more stretch as you transition into different movements. Lululemon BeCalm Relaxed-Fit Sleeveless Shirt Whether you're practicing yoga or heading to the beach, this muscle tank uses the brand's BeCalm fabric for a smooth, brushed exterior that drapes nicely. Lululemon Men's Restfeel Slides Never tread around gym locker rooms sans shower shoes. These recovery slides are easy to clean and slip right on as you head to and from rooms. It also features a rubber outsole to prevent slipping. Lululemon typically has a plethora of workout apparel in the site's We Made Too Much section, which features overstocked styles at a reduced cost. It allows you to shop attire for every type of exercise, from Pilates to running, without breaking the bank. The deals editors at CNN Underscored look out for your wallet daily, scouring sales at the top of every morning. We determine if a deal is worthy of coverage by doing price history checks, searching for available coupon codes and comparing against competitor pricing. Our team, consisting of senior editor Rikka Altland, editor Jacqueline Saguin and associate editor Elena Matarazzo, is passionate about unearthing deals we would be tempted to shop. We enjoy finding a great deal on a coveted item, especially one that's a best-tested pick by our experts, because it means we're helping our readers make savvy buying decisions.


Forbes
44 minutes ago
- Forbes
Buy LRCX Stock At $90?
CANADA - 2025/02/10: In this photo illustration, the Lam Research Corporation logo is seen displayed ... More on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Lam Research (NASDAQ:LRCX) stock has experienced a notable increase this year, rising by 22% and significantly outperforming the S&P 500's modest gain of 2%. This remarkable performance can be attributed primarily to the company's solid quarterly results, fueled by strong foundry revenues and improving margins. Given this recent surge, the crucial question for investors is whether LRCX is still a compelling purchase. We believe it is. Despite its current price hovering around $90, we see little reason for worry regarding LRCX stock, particularly in light of its reasonable valuation. Our conclusion stems from a thorough analysis of Lam Research's operational performance in recent years, along with its current and historical financial health. We have assessed the company based on several core metrics: Growth, Profitability, Financial Stability, and Downturn Resilience. Our results show that Lam Research demonstrates exceptionally strong operating performance and financial stability, positioning it as an attractive investment option. However, for those investors who prefer lower volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative — it has outperformed the S&P 500 and delivered returns exceeding 91% since its inception. Separately, see – What's Better – Circle Stock Or Bitcoin? When considering what you pay per dollar of sales or profit, LRCX stock appears slightly overvalued in relation to the wider market. Lam Research's Revenues have demonstrated significant growth over the past few years. Lam Research's profit margins are significantly higher than those of most companies in the Trefis coverage universe. Lam Research's balance sheet appears very robust. LRCX stock has underperformed compared to the benchmark S&P 500 index during some recent downturns. Concerned about how a market crash could affect LRCX stock? Our dashboard How Low Can Lam Research Stock Go In A Market Crash? provides an in-depth analysis of how the stock has fared during and after previous market crashes. In conclusion, Lam Research's performance across the discussed metrics is summarized as follows: Overall, Lam Research has demonstrated excellent performance across the critical metrics we evaluated. We believe this strong operational and financial health is not entirely reflected in the current moderate valuation of the stock, making LRCX an appealing investment. This further reinforces our belief that Lam Research is a solid investment choice. Although LRCX stock appears promising, investing in a single stock can entail risks. Conversely, the Trefis High Quality (HQ) Portfolio, comprising 30 stocks, has consistently outperformed the S&P 500 over the past 4-year period. Why is that the case? As a group, HQ Portfolio stocks yielded better returns with lower risk in comparison to the benchmark index; providing a smoother ride, as shown in HQ Portfolio performance metrics.