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Co-founders of theSkimm Danielle Weisberg and Carly Zakin. Photo: Andrew Toth/Getty Images for Vanity Fair

TheSkimm, a digital media company catering to millennial women, plans to launch SkimmU, a set of free virtual courses designed to help women take control of their finances.

Why it matters: TheSkimm has focused much of its coverage in the last year around what it calls the “shecession,” the recession that is disproportionately impacting women amid the pandemic. The free classes are meant to address that.

Details: The inaugural series will focus on helping people meet their financial goals, whether that’s tackling the way they think about money, starting a side hustle, budgeting, or navigating investing.  The series will consist of a few free, 45-minute courses, including:

  • Psychology of Money, led by Marsha Barnes, CEO and founder of The Finance Bar 
  • Budgeting for the Big Stuff, led by Shannon McLay, CEO and founder of The Financial Gym
  • Starting Your Side Hustle, led by Tonya Rapley, author, entrepreneur, and owner of Club Loofah
  • Investing 101, led by Farnoosh Torabi, financial author and host of the podcast So Money

Be smart: TheSkimm, which reaches over 7 million women daily via its newsletter, has made financial literacy among women and all young people one of its biggest editorial pillars.

  • The company was planning to launch a subscription vertical for finance last year but scrapped the idea, as charging users for access to financial resources during the pandemic wouldn't make sense.

The big picture: Lots of media companies are starting to invest in building online courses as a means of making more money. The idea aligns with the virtual learning trend that has taken off during the pandemic.

  • WWD (Women's Wear Daily) launched an online fashion business course with Parsons School of Design and Yellowbrick this week.
  • The Wall Street Journal launched a six-week newsletter course last year, offering "easy personal finance exercises for hard times."
  • Axios launched short courses last year around topics like 5G and vaccines.

What's next: Registration for SkimmU courses will open on February 25 and the first course will kick off on March 25. 

Go deeper

Simone Biles wins Olympic bronze in individual balance beam final

Photo: Ulrik Pedersen/NurPhoto via Getty Images

U.S. gymnast Simone Biles made her Olympic return on Tuesday, winning bronze in the individual balance beam final.

Why it matters: Biles is now tied with Shannon Miller as the most decorated U.S. Olympic gymnast of all time, with seven total medals.

Biden rebuffs left on Breyer

Breyer at the Supreme Court in April. (Photo: Erin Schaff-Pool/Getty Images)

President Biden and his top aides are rebuffing activists who want the White House to pressure Supreme Court Justice Stephen Breyer to retire, sources with direct knowledge of the situation tell Axios.

Behind the scenes: Both Biden and Chief of Staff Ron Klain believe applying such pressure — publicly or even privately — would politicize and damage the institution of the Supreme Court, the sources said. They're also afraid it could backfire.

Updated 18 mins ago - Sports

The Olympic events to watch today

5 events to watch today...
  • Men’s soccer: Japan takes on Spain in the semifinals at 7 a.m. ET on NBC Sports.
  • 🏐 Women’s beach volleyball: Canada plays Australia in the quarterfinals at 9 a.m. ET on NBC Sports.
  • 🏌️‍♀️ Women’s golf: Round one of individual stroke play starts at 6:30 p.m. ET on the Golf Channel.
  • 🤸 Women’s gymnastics: Watch the replay of Simone Biles and Suni Lee's performances in the individual balance beam final starting at 10:45 p.m. ET on NBC.
  • 🛹 Women’s skateboarding: The women's skateboarding park competition kicks off at 8 p.m. ET on CNBC.