Meghan Markle Thanks Pandemic Heroes and Makes Her First Start-Up Investment - Vanity Fair | Canada News Media
Connect with us

Investment

Meghan Markle Thanks Pandemic Heroes and Makes Her First Start-Up Investment – Vanity Fair

Published

 on


After a few weeks away from the spotlight, the duchess is wrapping up 2020 with a big announcement.

In the weeks since writing a New York Times op-ed that revealed she had suffered a miscarriage in July, Meghan Markle has been out of the spotlight even as her husband Prince Harry made a few surprise video calls last week. But on Sunday, she made her first public appearance since the emotional essay was published, in a surprise video appearance for CNN’s Heroes: An All-Star Tribute, delivering remarks that thanked volunteers who have helped to feed the hungry during the coronavirus pandemic.

“In the face of this devastating reality, we also saw the power of the human spirit and the remarkable ways that communities respond in challenging times” she said. “We saw the good in people, in our neighbors and in entire communities coming together to say they would not stand by while our neighbors went hungry. We saw communities standing up and taking action.” According to CNN’s Max Foster, the video was recorded the week before last in Los Angeles. 

In April, after relocating from Vancouver to California, some of Meghan and Harry’s earliest volunteer work involved delivering food to immunocompromised people. On CNN, she spoke about why that work mattered to her. “We know the value of food: as nourishment, as a life source, and in moments of crisis, the warmth of a meal can feel as comforting as a much needed hug—especially in the absence of human contact due to the social distancing we’re all experiencing.”

On Monday morning, Meghan also made her debut as a start-up investor. Fortune reported that Meghan has invested in Clevr Blends, a small women-owned company that makes oat milk latte drinks. The magazine added that the company is headquartered near Meghan and Harry’s house in Montecito, California, and that Meghan decided to reach out to the company and make the investment after she tried their product at a Santa Barbara coffee shop.

In a statement, Meghan praised the company’s founder, Hannah Mendoza, and explained why her commitment to women’s rights led her to be the company’s first outside investor. “This investment is in support of a passionate female entrepreneur who prioritizes building community alongside her business,” she wrote. “I’m proud to invest in Hannah’s commitment to sourcing ethical ingredients and creating a product that I personally love and has a holistic approach to wellness. I believe in her and I believe in her company.”

Though this is her first official investment in a female-founded company, her shopping habits have long illustrated her passion for supporting them, and brands like the shoe companies Birdies and Sarah Flint have thanked the “Meghan effect” for launching them to a wider audience.

Before the announcement, there was one hint that Meghan was about to share some news about her affiliation with the brand. Her friend Oprah, also a Santa Barbara resident, shared a photo of a Clevr Blends gift basket. she said came from “On the first day of Christmas my neighbor ‘M’ sent to me…a basket of deliciousness!” she wrote, adding “Yes, that M” with a crown emoji.

More Great Stories From Vanity Fair

— Inside the Always Online, All-Consuming World of Twin Flames Universe
Rudy Giuliani’s Daughter, Caroline, on How to Accept That Trump Lost
— Carl Lentz, Ranin Karim, and Hillsong’s Unfurling Scandal
Billie Eilish Shares How She Spent the Pandemic in Latest Time Capsule
— The Queen Says Goodbye to Her Beloved Dorgi, Vulcan
Barack Obama on His Book, the Election, and What Actually Makes America Great
— How We Unmasked the Hollywood Con Queen Suspect
— From the Archive: Her Most Loyal Subjects, a History of the Queen’s Kennels
— Not a subscriber? Join Vanity Fair to receive full access to VF.com and the complete online archive now.

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Published

 on

 

NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

 on

 

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version