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Stephen Curry and Ayesha Curry. Photo by Steve Jennings/Getty Images

Stephen and Ayesha Curry are joining the advisory council for Goldman Sachs' One Million Black Women initiative, Axios is first to report.

Why it matters: The initiative has committed to invest more than $10 billion in Black women over the next 10 years. It comes as banks and large companies are increasingly putting money behind rhetoric about advancing racial equity.

What’s new: Goldman hosted 17 listening sessions and heard from more than 10,000 Black women, in order to guide investment decisions.

  • CEO David Solomon will hold an advisory council meeting Monday to launch the first round of investments.

What they’re saying: "The One Million Black Women initiative has, from the start, worked to listen to the ideas, concerns, and aspirations of Black women,” says council member Valerie Montgomery Rice, who also serves as president and dean of Morehouse School of Medicine.

  • “The $10 billion investment will allow for more Black women to realize their full potential and become the economic drivers we know they are.”

Dina Powell McCormick, Goldman Sachs global head of sustainability and inclusive growth, said: "We have been proud to partner with outstanding Black women-led organizations ... to identify market-based solutions to the challenges facing Black women."

  • Go deeper on the fight to equalize "Black Womenomics."

Go deeper

Aug 19, 2021 - World

Biden: Taliban haven't changed since their ruling days

President Biden told ABC's George Stephanopoulos that he doesn't believe the Taliban have changed substantially since they were last in power, but that they are facing an "existential crisis" about whether they want to be recognized on the international stage.

Driving the news: The Taliban have pledged to be more inclusive since their days of totalitarian rule in the 1990s, vowing to not retaliate against opponents and honor women's rights within the "frameworks" of Islamic law. But scenes from Kabul and areas they previously controlled suggest the militants will continue to govern with a heavy hand.

Thousands without power as "hazardous" winter storm lashes East Coast

Winter view from Charlotte as winter storm Izzy creates dangerous conditions in Charlotte, N.C. on Jan. 16. Photo: Peter Zay/Anadolu Agency via Getty Images

A major winter storm was lashing much of the East Coast on Sunday, causing widespread power outages and disrupting travel over the holiday weekend.

The big picture: Heavy snow and ice accumulations are "likely to produce hazardous travel," downed trees and more power outages from the Mid-South to the Northeast, per the National Weather Service. Some parts of the U.S. can expect to see up to a foot of snow through Monday.

Updated 1 hour ago - Science

Volcanic eruption in Tonga caused "significant" damage

This satellite image of the eruption on Jan. 15 taken by Himawari-8, a Japanese weather satellite operated by Japan Meteorological Agency and released by National Institute of Information and Communications Technology (NICT). Photo: NICT via AP

Significant damage has been reported in Tonga following an undersea volcanic eruption on Saturday, which covered the Pacific nation in ash and cut off communication lines.

Driving the news: The eruption triggered tsunami warnings across Tonga's islands and in other regions, including the West Coast of the U.S. and New Zealand.

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