• Pinterest predicts these 21 trends will rule the 2026 aesthetic. Take notes.

    Children playing with vintage toys.
    Vintage toys, fashion, and interior design will make a comeback in 2026, per Pinterest.

    • Pinterest did a vibe check of the internet in 2026.
    • Its annual Pinterest Predicts report identified 21 trends the company says will be hot next year.
    • Mismatched beauty, nostalgic toys, and an obsession with cabbage are just a few of them.

    Pinterest did a pulse check on the internet's 2026 mood. It predicts glamorous, glittery fashion will return, layered scents will be popular, and people might just develop an obsession with cabbage.

    The San Francisco-headquartered company released its annual "Pinterest Predicts" report on Tuesday. It said it analyzed "billions of Pinterest searches and the visual content Pinterest users are engaging with," which helped it uncover emerging words, colors, styles, and aesthetics.

    "With a boost from machine learning, our trend experts find patterns by combining data insights with real-world observations," the report said.

    The company predicts that 21 trends will be hot globally in 2026.

    Take a look at the top five in the US:

    1. Cabbage Crush
    A table with cabbage decor.
    All things cabbage will be trending next year, Pinterest says.

    The topic that Pinterest says will trend highest in the US in 2026 isn't a fashion or home decor trend — it's cabbage.

    "In the year ahead, boomers and Gen X will say goodbye to their cauliflower obsession and crown cabbage the new kitchen champ," it wrote. "Think blistered-edge 'steaks', kimchi cocktails and even crispier taco wraps."

    It said the search terms cabbage dumplings had risen 110% from September 2024 to August 2025 compared to the same period the year before, while Golumpki soup and cabbage Alfredo saw similar spikes.

    This falls right in line with one of 2025's top diet trends, "fibermaxxing," which stresses the importance of consuming enough fiber for heart and gut health.

    2. Glitchy Glam
    A woman with colorful makeup.
    Imperfect, mismatched beauty could be popular in 2026.

    Second on the list is "Glitchy Glam," which refers to imperfect beauty. The report said that in 2026, "beauty is missing the mark — on purpose."

    "Gen Z and millennials will rock mismatched manicures, two-toned lipstick, and bright eyeshadow in two binary hues. So long, symmetry," it wrote.

    The search terms that led Pinterest to believe mismatched beauty would trend were "eccentric makeup," "weird makeup looks," "avant-garde makeup editorial," and "nails with different colors on each hand."

    This marks a departure from the "clean girl" makeup trend that has reigned supreme on social media in recent years.

    3. Throwback Kid
    Children playing with vintage toys.
    Vintage toys, fashion, and interior design will make a comeback in 2026, per Pinterest.

    Pinterest says thrifting and parenting will remain top of mind in 2026.

    The search terms "1970s childhood toys," "upcycled baby clothes," and "vintage kids fashion" had done well on Pinterest between September 2024 and August 2025, the report said.

    "In 2026, childhood gets a throwback twist with vintage-inspired outfits, classic toys from the '60s and upcycled baby looks," it wrote. "Crocheted play mats will bring cosy vibes to any nursery, while baby boomers and Gen X will thrift mini fits."

    4. Scent Stacking
    A woman being sprayed with multiple perfumes.
    Pinterest predicts that people will be layering fragrances next year instead of using single scents.

    Gen Z and millennials won't be satisfied with store-bought perfumes in 2026, Pinterest said.

    "Gen Z and millennials are ditching one-and-done scents for bespoke notes, blending oils and perfumes to craft their very own fragrance formulas," it wrote in the report. "Expect luxury to linger in layers next year."

    Pinterest said search terms pointing to this trend include "perfume layering combinations," "scent layering," and "niche perfume collection."

    5. Extra Celestial
    A woman with silver, futuristic-looking makeup and outfit.
    Holographic accents and opalescent makeup is going to be popular in 2026, says Pinterest.

    Lastly, Pinterest predicts that an "intergalactic" aesthetic will trend highly in the US, particularly among Gen Z and millennials.

    "Think holographic home accents, opalescent eyeshadow that looks like moon dust, and cosmic silhouettes straight out of a sci-fi movie," the report said.

    The search term "alien core aesthetic" increased by 80% between September 2024 and August 2025 compared to the same period in the previous year. Other trending search terms include "opalescent," "futuristic truck," and "soft dewy makeup."

    Special mentions: Glamoratti, Pen Pals, and Gimme Gummy
    Pinterest Predicts 2026's trends also include "Glamoratti," "Pen Pals," and "Gimme Gummy."
    Pinterest Predicts 2026's trends also include "Glamoratti," "Pen Pals," and "Gimme Gummy."

    Pinterest says 2026 is also set to be the year of "Glamoratti," which spells a return to loud, decadent, and maximalist fashion. Think chunky gold jewelry, funnel neck outfits, and tailored suits.

    Another trend worth noting is "Pen Pals." This is a hobby-based trend that Pinterest says could lead to a resurgence of letter writing, as Gen Z and millennials grow tired of texting and social media.

    And lastly, Pinterest coined "Gimme Gummy," an ASMR-loaded, gummy-bear aesthetic which is predicted to be hot in 2026. "Gimme Gummy" is characterized by "bendy phone cases," "3D jewelry," and "rubberized nail art."

    Pinterest reported third-quarter revenue of $1.049 billion in November, representing a 17% increase compared to the same period the previous year. Its monthly active users increased by 12% compared to the previous year, reaching 600 million.

    The company's stock is down about 6% since the start of the past year.

    Read the original article on Business Insider
  • Women at the top are exhausted and burned out, according to a McKinsey and Lean In report

    women burnout
    Burnout among senior-level women is at its highest level in the past five years, according to a report from McKinsey and LeanIn.org.

    • Senior-level women say they're frequently burned out.
    • The burnout level among these women is the highest it has been in the past five years, said a report from McKinsey and LeanIn.org.
    • The report also found that women want promotion less than men — unless they receive the same support.

    Women are hitting the top of the corporate ladder only to find something waiting for them: exhaustion.

    According to a report published Tuesday by McKinsey and LeanIn.org, a nonprofit founded by Sheryl Sandberg, burnout among senior-level women is the highest it has been in the past five years.

    Around 60% of these women said they have frequently felt burned out at work in the past few months, compared with 50% of senior-level men, per numbers from the "Women in the Workplace" 2025 study.

    Women who are newer to leadership roles are feeling the strain more acutely. Among senior-level women who have been at their companies for five years or less, 70% reported frequent burnout, and 81% said they are concerned about their job security.

    "These high levels of concern align with research that shows women often face extra scrutiny when they're new to organizations and have to work harder to prove themselves," the report said, adding that Black women in leadership face exceptionally high burnout and job insecurity. "In contrast, when women and men in leadership have longer tenures, their levels of burnout and job security are quite similar."

    The report, an annual study of women in corporate America, surveyed 9,500 employees across 124 companies between July and August. The study also includes interviews with 62 HR executives and company-reported data from 124 organizations that together employ about 3 million people.

    LeanIn.org launched a study with McKinsey in 2015 to track how women progress through the corporate pipeline and where companies fall short. The group is named after Sandberg's 2013 book "Lean In," which sparked a national debate about women's ambition, leadership, and workplace equality.

    This year's findings paint a bleak picture for women at the top. Senior-level women who are hesitant to advance their careers say they see a steeper path forward compared to their male counterparts. Eleven percent of senior women who don't want to advance say they don't see a realistic route to promotion, compared with 3% of senior men. And 21% say more senior-level people look burned out or unhappy, nearly double the share of men who say the same.

    It's not because women are less committed — the report found that women and men are equally locked in. What differs is the desire to keep climbing, per the report.

    The data shows a clear ambition gap: 80% of women want to be promoted to the next level, compared with 86% of men. That gap is widest at the beginning and the top of the pipeline — 69% vs. 80% at the entry level, and 84% vs. 92% among senior leaders.

    This is the first time in the report's 11-year history that women have shown lower interest in promotion than men, it said.

    This gap in ambition to advance falls away "when women receive the same career support that men do," the report added. In other words, companies are responsible for creating the burnout problem for women.

    "This is only happening in the companies that aren't doing the right thing when women get the full support and the same stretch opportunities. They're not leaning out at all," Sandberg said in a Tuesday interview with Bloomberg Television.

    "What's happening is that women face more barriers at every level of the career," she added.

    More companies are cutting back on DEI and support for women

    Even as companies say they are committed to diversity and inclusion, at least one in six have reduced the teams or resources behind those efforts, the report said.

    About 13% of employers have pulled back or eliminated women-focused career-development programs, and another 13% have cut formal sponsorship programs, which play a key role in helping employees advance, it added.

    "Women overall are less likely to have sponsors — and this really matters. Employees with sponsors are promoted at nearly twice the rate of those without," the report said.

    The report also found that companies are rolling back remote and flexible work options, which can hinder women's ability to stay and advance in their careers. One in four has scaled back remote or hybrid work arrangements, and 13% have reduced flexible working hours over the past year.

    At the same time, the report said that women who work remotely most of the time are "less likely to have a sponsor and far less likely to have been promoted in the last two years than women who work mostly on-site." Meanwhile, men receive more similar levels of sponsorship and promotions regardless of their work arrangement.

    At the entry level, a stage where advocacy and visibility are essential, women are also less likely than men to receive stretch assignments and other opportunities, the report added.

    Last year, the "Women in the Workplace" study found that more women were advancing to senior leadership roles. By 2024, women held 29% of C-suite roles, up from 17% in 2015.

    However, progress fades at the entry and management levels, per the report. "For every 100 men promoted to manager in 2018, 79 women were promoted. And this year, just 81 women were," it added.

    Read the original article on Business Insider
  • Here are the top 10 ASX 200 shares today

    3 children standing on podiums wearing Olympic medals

    The S&P/ASX 200 Index (ASX: XJO) suffered a volatile and overall negative trading day this hump day. After spending time in both positive and negative territory this session, the ASX 200 couldn’t quite stick the landing, finishing 0.076% lower. That leaves the index at 8,579.4 points.

    This rather disappointing Wednesday session for the ASX comes after a mixed morning up on the US markets

    The Dow Jones Industrial Average Index (DJX: .DJI) gave up an early lead to close 0.38% lower.

    It was a better story for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), though, which managed a 0.13% rise.

    But let’s get back to the local market now for a check on what the different ASX sectors were up to today.

    Winners and losers

    There were far more red sectors than green ones today.

    Leading those red sectors were tech shares. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was punished, tanking by 1.48%.

    Industrial stocks got a shellacking as well, with the S&P/ASX 200 Industrials Index (ASX: XNJ) plunging 0.84%.

    Energy shares had a rough time, too. The S&P/ASX 200 Energy Index (ASX: XEJ) saw its value crater by 0.77%.

    We could say the same for real estate investment trusts (REITs), illustrated by the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 0.65% dive.

    Communications stocks weren’t popular either. The S&P/ASX 200 Communication Services Index (ASX: XTJ) went backwards by 0.55% this Wednesday.

    Nor were healthcare shares, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) dipping 0.38%.

    Financial stocks performed identically. The S&P/ASX 200 Financials Index (ASX: XFJ) also lost 0.38%.

    Utilities shares were in the same ballpark, as you can see by the S&P/ASX 200 Utilities Index (ASX: XUJ)’s 0.3% retreat.

    Rounding up the losers, we had consumer discretionary stocks. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) was sent 0.1% lower this hump day.

    Let’s turn to the green sectors now. Leading the charge higher were gold shares, with the All Ordinaries Gold Index (ASX: XGD) rocketing a significant 4.08% higher.

    Broader mining stocks didn’t miss out. The S&P/ASX 200 Materials Index (ASX: XMJ) enjoyed a 1.27% surge today.

    Our final winners were consumer staples stocks, evident from the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)’s 0.02% lift.

    Top 10 ASX 200 shares countdown

    This Wednesday’s winner came in as defence stock Droneshield Ltd (ASX: DRO). Droneshield shares rocketed by a huge 16.2% this session to finish at $2.26 each.

    With no fresh news out from the company, this looks like another rebound move after the big sell-off last month.

    Here’s how the other top stocks tied up at the dock:

    ASX-listed company Share price Price change
    DroneShield Ltd (ASX: DRO) $2.26 16.20%
    Dalrymple Bay Infrastructure Ltd (ASX: DBI) $4.83 6.39%
    Ramelius Resources Ltd (ASX: RMS) $3.57 5.62%
    IperionX Ltd (ASX: IPX) $5.39 5.27%
    Northern Star Resources Ltd (ASX: NST) $26.97 5.06%
    Westgold Resources Ltd (ASX: WGX) $5.91 4.60%
    Evolution Mining Ltd (ASX: EVN) $12.15 4.47%
    Genesis Minerals Ltd (ASX: GMD) $6.35 4.44%
    Capricorn Metals Ltd (ASX: CMM) $13.41 4.44%
    Liontown Ltd (ASX: LTR) $1.55 4.39%

    Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in DroneShield Limited right now?

    Before you buy DroneShield Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and DroneShield Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 18 November 2025

    .custom-cta-button p {
    margin-bottom: 0 !important;
    }

    More reading

    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 3 excellent ASX ETFs to buy with $3,000 in December

    ETF written in yellow with a yellow underline and the full word spelt out in white underneath.

    If you’re looking to put $3,000 to work before the end of the year and stock picking isn’t your thing, then it could be worth considering exchange traded funds (ETFs).

    Whether you are seeking exposure to megatrends, fast-growing emerging markets, or long-term structural themes, the ETFs below offer a compelling mix for a small, high-impact investment.

    Here are three ASX ETFs worth considering with $3,000 this December.

    Betashares Global Cybersecurity ETF (ASX: HACK)

    In recent years, cybersecurity has become a non-negotiable expense for businesses, governments, and consumers. With cyberattacks increasing in frequency, complexity, and cost, global spending on digital defence is surging.

    The Betashares Global Cybersecurity ETF gives investors exposure to leading cybersecurity companies such as CrowdStrike Holdings (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Cisco Systems (NASDAQ: CSCO). These are businesses providing essential security infrastructure, software, and threat detection systems to organisations worldwide.

    Demand for cybersecurity is not cyclical, it is structural. As more devices and services connect to the internet, the need for reliable protection grows even faster. For investors seeking long-term, tech-driven growth without the need to pick individual winners, this fund could be a compelling addition to a portfolio in December.

    Betashares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ)

    The Betashares Global Robotics and Artificial Intelligence ETF taps into two of the most transformative forces shaping the global economy: robotics and artificial intelligence.

    These technologies are already reshaping manufacturing, medicine, logistics, retail, and consumer electronics, and the pace of adoption is accelerating. Among its holdings are companies leading the charge such as Nvidia (NASDAQ: NVDA), Intuitive Surgical (NASDAQ: ISRG), and ABB Ltd (SWX: ABBN). Nvidia powers the world’s AI chips, Intuitive Surgical leads robotic-assisted surgery, and ABB is a global automation heavyweight.

    They, and the rest of its holdings, look well-positioned for growth over the next decade and beyond. This bodes well for the performance of the Betashares Global Robotics and Artificial Intelligence ETF, which was recently recommended by Betashares.

    Betashares India Quality ETF (ASX: IIND)

    Finally, the Indian economy could be one of the most powerful growth stories of the next 20 years. With a young population, rising incomes, rapid urbanisation, and increasing global influence, the country is positioning itself as a major economic engine.

    The Betashares India Quality ETF gives investors exposure to high-quality Indian stocks such as Infosys (NYSE: INFY), HDFC Bank (NSEI: HDFCBANK), and Tata Consultancy Services (NSEI: TCS). These are leaders in IT services, financials, and business outsourcing.

    Overall, this ETF allows Australian investors to tap into India’s growth without needing to pick individual stocks or navigate the complexities of investing directly in the country. It was also recently recommended by analysts at Betashares.

    The post 3 excellent ASX ETFs to buy with $3,000 in December appeared first on The Motley Fool Australia.

    Should you invest $1,000 in BetaShares Global Cybersecurity ETF right now?

    Before you buy BetaShares Global Cybersecurity ETF shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BetaShares Global Cybersecurity ETF wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 18 November 2025

    .custom-cta-button p {
    margin-bottom: 0 !important;
    }

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Abb, BetaShares Global Cybersecurity ETF, Cisco Systems, CrowdStrike, Intuitive Surgical, and Nvidia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended HDFC Bank and Palo Alto Networks. The Motley Fool Australia has recommended CrowdStrike and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why is everyone talking about BHP shares this week?

    Machinery at a mine site.

    BHP Group (ASX: BHP) shares are the talk of the town among investors and analysts alike this week. 

    The Australian mining and metals giant’s shares have climbed 1.06% in Wednesday afternoon trading. At the time of writing, the shares are changing hands at $44.77 a piece. That’s a 31% increase from a 3.5-year low in April. The shares are 12.04% higher for the year to date.

    The miner’s shares have come under the spotlight recently. Last week, the mining giant made the list as the second most-traded ASX share among CommSec clients. Although a huge 80% of activity was investors selling up the mining giant’s stock, potentially from investors taking their latest gains off the table. 

    What’s all the fuss about?

    It’s been a big week for BHP.

    The copper price hit a new all-time high of US$11,600 per tonne on the London Metal Exchange on Monday, bumping up BHP’s valuation. The metal has now gained more than 30% since the start of the year, comfortably outpacing the broader market.

    Copper is a central material for the global energy transition, with significant use in electric vehicles and associated charging infrastructure. It is also a critical component in AI data centres thanks to its conductivity and efficiency in power distribution and cooling. And as the world’s largest copper producer, BHP’s share price and company strength are very closely tied to the metal’s price fluctuations.

    In other news, the mining giant has struck up a new US$2 billion infrastructure agreement tied to its Western Australia Iron Ore (WAIO) operations.

    According to the miner’s release yesterday, BHP has entered into a binding deal with Global Infrastructure Partners (GIP), an investment group owned by BlackRock, the world’s largest asset manager, which handles more than $12.5 trillion in assets.

    Under the arrangement, a new trust will be set up, with BHP owning and controlling 51% and GIP holding the remaining 49%. The project is due for completion by the end of FY26, subject to approvals.

    Management stated that the proceeds from the agreement will be evaluated and deployed in accordance with BHP’s capital allocation framework. 

    What’s next for BHP shares?

    Analysts are relatively uncertain about the outlook for BHP shares. Data shows that out of 19 analysts, 12 have a hold rating on the mining giant’s stock. Another 6 have a buy or strong buy rating, while 1 analyst has a strong sell rating.

    The average target price for BHP shares is $44.94, although some think it could rise to as high as $47.80 over the next 12 months. At the time of writing, this implies a potential upside of up to 6.87%.

    The post Why is everyone talking about BHP shares this week? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in BHP Group right now?

    Before you buy BHP Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 18 November 2025

    .custom-cta-button p {
    margin-bottom: 0 !important;
    }

    More reading

    Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended BlackRock. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Rivian’s CEO said there’s a ‘shocking lack of choice’ for EV buyers in the US

    Founder and CEO of Rivian RJ Scaringe speaks onstage during the Rivian Reveals All-Electric R2 Midsize SUV event at Rivian South Coast Theater on March 07, 2024 in Laguna Beach, California.
    RJ Scaringe said EV penetration in the US is low because of a "shocking lack of choice."

    • Rivian's CEO said the US needs a lot more affordable electric vehicles.
    • He said there was a "shocking lack" of choices for EV buyers in the country, leading to low adoption.
    • The carmaker is set to start production of the R2, a $45,000 SUV, which is its most affordable EV yet.

    Rivian's CEO and founder, RJ Scaringe, said the US needs a lot more cheap electric vehicles.

    Speaking at the Fortune Brainstorm AI conference in San Francisco on Tuesday, Scaringe said a lack of choices was the reason for low EV penetration in the US.

    He said that electric vehicle adoption in the US, at 8%, is significantly lower than in the rest of the world.

    "I really think the constraint isn't the demand side, I think it's the supply side," Scaringe said. "I think there's a shocking lack of choice, that there are much better choices in Europe. And by far, there's the most choice in China."

    He said that for consumers interested in EVs, there were "well under five great choices" at a price point close to the average price of a new car in the US.

    He added that, within a price range of $50,000, there was only one compelling choice of EV: a Tesla. In October, Tesla unveiled its most affordable models to date: the $36,990 Model 3 Standard and the $39,990 Model Y Standard.

    "And that's not a reflection of a healthy market with lots of choice," Scaringe said. "If you think of it as a consumer, you have 300 different internal combustion engine choices at that price or lower, and you have maybe one highly compelling EV choice."

    Rivian is working to provide cheaper EV alternatives. It is gearing up to start production on its cheapest EV to date, the R2 model, a $45,000 SUV.

    In the interview, Scaringe also said he agrees with the Trump administration's push to bring manufacturing back to the US.

    "I think the push to industrialize in the United States is appropriate, and it's something we're very aligned with the administration on," he said.

    The US EV industry comprises Rivian, Tesla, Ford, General Motors, Hyundai, BMW, and Kia, among others.

    Brands like Volkswagen, BMW, Mercedes-Benz, and Tesla dominate the EV market in Europe. Chinese brands like BYD, NIO, and MG also sell on the continent.

    Meanwhile, the EV industry in China is seeing fierce competition. BYD, Tesla's biggest global rival, saw its sales fall 12% in October compared to the same period a year earlier, as it faces a tough fight from local EV startups Xpeng, Nio, and Leapmotor.

    Other players, such as smartphone manufacturer-turned EV maker Xiaomi, are also seeing success in the country with strong sales.

    Read the original article on Business Insider
  • Sequoia partners share how they decide which startups get a yes

    Sequoia Capital partner Alfred Lin
    Sequoia Capital partner Alfred Lin shared how the firm invests in outliers.

    • Sequoia partners said they prioritize conviction over consensus in startup investment decisions.
    • The firm uses a voting system to gauge conviction, valuing high variance in partner opinions.
    • Sequoia trains junior investors to embrace risk to spot "outliers."

    Sequoia's partners go into investment decision meetings to determine whether startups make the cut — and there's a system for striking gold, two partners said.

    In an episode of the "Jack Altman" podcast released on Tuesday, Sequoia partners Alfred Lin and Pat Grady shared how their team decides which startups get a cheque.

    "We've been recording the number that everybody votes on every investment for more than a decade now," Grady said. "Our internal data shows that consensus versus non-consensus does not matter at all."

    He added: "Presence of conviction is what matters."

    The storied venture capital firm, based in Menlo Park, has invested in companies including Apple, Nvidia, Reddit, and SpaceX. Its more recent investments include prediction markets company Kalshi, and the legal tech startup Harvey.

    Grady, who has been with the firm for nearly 19 years, explained that before a startup gets a yes or no, everyone on the team votes on a scale of one to 10. A score above six is considered "positive," and a score of four or below is considered "negative."

    "If everybody's a six, probably shouldn't make the investment. It's consensus, but nobody has conviction," he said. "If three people are nines and three people are one, we should probably make the investment because the presence of the nines is a much more powerful signal than the presence of the ones."

    Lin, who has been with the firm since 2010, said they follow this strategy because the firm is in the business of risk-taking.

    "We need that volatility because the truth is not somewhere in the middle where everybody agrees," he said.

    The partners said that they train their junior investors, who are historically "A+" students, to build a risk appetite.

    "A lot of the people that join our team haven't had much failure, and we have to help them get comfortable with it because otherwise we're not going to get the outlier wins," Grady said.

    Read the original article on Business Insider
  • Ukraine’s ground robots are surging in popularity, but have yet to carry out even 1% of its total drone missions

    A participant uses a remote control to operate an uncrewed ground vehicle.
    Uncrewed Ground Vehicles are emerging quickly in Ukraine, but only carried out 2,000 combat missions compared to 304,000 UAV combat missions in November.

    • UAVs are still dominating Ukraine's war, accounting for 60% of all strikes Kyiv's forces conducted.
    • Ukraine's military chief said aerial drones conducted 304,000 missions in November.
    • That's compared to just 2,000 missions run by ground drones, a rising technology in the war.

    Ground drones are growing more popular on Ukraine's front lines, but they're still vastly overshadowed by the small aerial drones made famous in the war.

    In November, uncrewed ground vehicles accounted for less than 0.66% of Ukraine's total drone missions.

    Usage numbers were announced on Tuesday by Oleksandr Syrskyi, the commander in chief of Ukraine's armed forces, as he gave a statement on the war situation this winter.

    "At the current stage of the war, it is unmanned aerial vehicles that provide about 60% of all strikes on enemy targets," Syrskyi wrote.

    The military chief said that in November alone, Ukrainian uncrewed aerial vehicles, or UAVs, carried out over 304,000 missions, striking or destroying roughly 81,500 targets.

    "Over the past six months, this indicator has been constantly growing," Syrskyi added.

    Meanwhile, Ukrainian uncrewed ground vehicles, or UGVs, carried out 2,000 missions in the same timeframe, he said.

    The statistics underscore just how aerial drones continue to dominate the battlefield in Ukraine. UGVs, an emerging technology, are still finding their footing in the war as Kyiv moves to integrate them at a wider scale among its military units.

    Amid the push, dozens of Ukrainian companies and units have been debuting their own UGVs, which can range from miniature buggies to full-size trucks mounted with remote machine gun turrets.

    Ukrainian Army soldiers of the 68th Separate Jaeger Brigade train in the use of uncrewed ground robots for the frontline,
    The use of ucnrewed ground vehicles on both sides has grown consistently in the last year or so, and one Ukrainian brigade is showing how they can work with FPV drones to overcome poor weather.

    The ground drones are particularly useful because they can perform dangerous frontline missions that human soldiers would otherwise be required to carry out. Ukrainians are building them to serve a variety of purposes, from direct assaults and mine-clearing to monitoring roads and delivering frontline supplies.

    Some units have begun using aerial and ground systems in tandem, such as troops in Pokrovsk who used a UGV to spot incoming Russian vehicles through fog and later attacked with exploding drones.

    Russia's ramping FPV production

    Russia has also been pioneering new drones, including UGVs for logistics and rocket artillery. On the aerial front, the Kremlin's forces were the first to introduce unjammable, fiber-optic drones that are now proliferating on the battlefield.

    This year, Moscow has repeatedly been reported to be more readily integrating drone warfare into its ranks, scaling up mass production, forming official drone units, and creating new warfighting doctrine after observing Ukrainian tactics.

    Syrskyi wrote that Russia had, at one point, reached a "period of a certain parity" with Ukraine in the use of first-person-view drones, or the small hobby drones souped up to fly explosives into targets.

    "As reported by our intelligence bodies, the enemy seeks to reach monthly deliveries of up to half a million FPV drones to its troops," he wrote.

    Now, however, Syrskyi claimed that Ukraine has recently surpassed Russia in first-person-view drone usage.

    "The Ukrainian response must be asymmetric and effective: strengthening the fight against enemy drones and destroying the infrastructure of the enemy's unmanned forces units," he added.

    Syrskyi's statement offered a grim recap of the war in recent months, saying that Ukraine's forces have "faced some of the most serious challenges since the beginning of the full-scale war."

    Both civilians and soldiers in the country must soon grapple with another brutal winter, as temperatures are expected to consistently drop below freezing in January and February. Russia has been targeting local energy grids, disrupting Ukraine's access to reliable heating.

    Read the original article on Business Insider
  • Rivian’s CEO said self-driving cars shouldn’t just be able to drive, but also run errands for you like a secretary

    Rivian CEO Robert "RJ" Scaringe speaks at the launch of the Rivian R3X electric vehicle at the Rivian South Coast Theater in Laguna Beach, California, on March 7, 2024.
    Rivian's CEO RJ Scaringe said self-driving cars should be able to do a lot more than drive.

    • Rivian wants its cars to do more than drive themselves.
    • CEO RJ Scaringe said he wants them to be able to coordinate servicing so their owners don't have to.
    • The company is gearing up to start production of the R2, a $45,000 SUV, which is its cheapest EV to date.

    Rivian CEO RJ Scaringe wants his EVs to be able to service themselves.

    In an interview with Fortune released on Tuesday, the host asked Scaringe what AI should and shouldn't do in a car. Scaringe, who is also the automobile company's founder, replied that self-driving capabilities have been talked about for years in the EV industry, but he wants his cars to go beyond that.

    Scaringe said he was "very bullish" on his cars being self-driving in the next couple of years, such that "you can own a car, but it can drop you at the airport, it can pick your kids up from school, it can go get things from the store for you."

    But beyond driving, he said the car can help with a lot of things that people don't want to be doing, like handling service appointments.

    "So if the vehicle has an issue, it's actually not a positive part of the customer experience to have to coordinate a service activity or to coordinate parts, deliver any of those things."

    "We want all that to happen behind the scenes and all that to be powered through AI," he said.

    Scaringe's comments echo those of Rivian's software chief, Wassym Bensaid, from last year.

    "We are not necessarily chasing full self-driving, we're not chasing robotaxis," Bensaid said to Business Insider. "Our goal is incremental improvements to the safety and convenience for customers."

    The carmaker does not currently have fully autonomous cars. But its Gen 2 models come with the Rivian Autonomy Platform features, which can automatically steer, brake, and accelerate on select highways, among other capabilities.

    The company is now gearing up to start production on its cheapest EV to date, the R2 model, which will be a $45,000 SUV.

    Rivian, which is headquartered in Irvine, California, has seen its stock price rise by 33% since the start of the year. However, the company has endured multiple rounds of layoffs in recent years, with the most recent — a 4% cut in its workforce — announced in October.

    In November, Rivian doubled Scaringe's pay package from $1 million to $2 million, along with performance-based stock options that could be worth up to $4.6 billion, per an SEC filing.

    Read the original article on Business Insider
  • Trump defends tariffs as he launches economic tour: ‘You can give up certain products. You could give up pencils.’

    U.S. President Trump in Pennsylvania
    President Donald Trump launched an economic tour, defending his tariff policies and record.

    • President Donald Trump launched an economic tour, defending his tariff policies and record.
    • The rising cost of living and affordability are key issues ahead of the midterm elections.
    • Trump has rolled back some tariffs, especially on food, amid ongoing inflation concerns.

    President Donald Trump is standing by his tariffs, at least in theory.

    Under the banner "Lower Prices, Bigger Paychecks," Trump kicked off the first of a series of speeches to promote his economic message in Mount Pocono, Pennsylvania, as polls indicate the country is increasingly concerned about the rising cost of living.

    "They always have a hoax," Trump told the crowd, referring to criticism from Democrats that his policies drove up prices. "The new word is 'affordability.'"

    "Democrats are like, 'prices are too high.' Yeah, they're too high because they cause them to be too high," Trump added. "But now they're coming down."

    Later, he said, "I can't say affordability is a hoax because I agree the prices were too high. So I can't go to call it a hoax because they'll misconstrue that."

    Trump, during the 90-minute speech, also reiterated that his favorite word is "tariff" and credited his policies for bringing in "hundreds of billions of dollars," presumably for the government in tariff revenue.

    "You can give up certain products," Trump said at one point. "You could give up pencils. Because under the China policy, you know, every child can get 37 pencils. They only need one or two, you know. They don't need that many."

    Despite standing by his tariff policies, Trump has, in reality, rolled back many of his earlier tariffs, especially ones enacted on April 2.

    Tariffs are still higher than they have been in many decades, but the original 25% tariff on every import from Mexico and Canada was walked back to exclude all items covered in the USMCA trade agreement, which includes most imports from the two neighbors. Tariffs on imports from China, once more than 100%, have been reduced to a baseline tariff of 10%, which applies to all other countries.

    On top of that, in an attempt to address the price of groceries, Trump also modified and removed tariffs on a range of food products in November, such as beef, coffee, bananas, and tomatoes.

    Of the remaining tariffs, evidence points to an impact on the price of consumer goods.

    "Our analysis suggests that tariff measures are already exerting measurable upward pressure on consumer prices," according to a report published in October by the Federal Reserve of St. Louis that looked at data from January to August of this year. "The rise in prices beginning in early 2025 coincides closely with tariff developments, and our model-based regressions confirm that these effects are statistically and economically significant."

    "At the same time, the pass-through remains partial; only a portion of the model-predicted effect has materialized so far," the report added. "This could reflect delays in price adjustments, competitive pressure limiting firms' ability to raise prices, or expectations that the tariffs may prove temporary."

    Trump's speech comes as consumer sentiment remains low. According to the University of Michigan's survey of consumers, sentiment dropped to 51 points in November, which is the second-lowest score the index has ever recorded since 1952, narrowly topped by a score of 50 in June 2022.

    Earlier on Monday, in an interview with Politico, Trump said that he would give his economy a grade of "A-plus-plus-plus-plus-plus."

    Some Democrats have centered their pre-2026 midterm messaging on affordability, and several have explicitly blamed rising costs on Trump's tariff and trade policies. Zohran Mamdani, the New York City mayor-elect, with whom Trump had a meeting, also won while running primarily on making the city more affordable.

    The White House did not immediately respond to a request for comment.

    Read the original article on Business Insider