Illinois City Starts Distributing $25,000 to Eligible Black Households In Its Groundbreaking Reparations Program
In March 2021, Evanston, Illinois, became the first city in the U.S. to make reparations available to its Black residents as repair for past discrimination […]
Biden to Cancel Another $6 Billion In Student Loan Debt for Borrowers Who Were Defrauded By For-Profit Schools
President Joe Biden will cancel an estimated $6 billion in federal student loan debt for about 200,000 borrowers who have been defrauded by their colleges. […]
One of the Country’s Oldest Black-Owned Bookstores Is Set to Close After Three Decades
One of the country’s oldest Black-owned bookstores is shutting its doors. Independent, Black-owned bookstore Eso Won Books has been a fixture on the Los Angeles book scene […]
Sports Greats Naomi Osaka and LeBron James Go Into Business Together with New Media Production Company
Tennis star Naomi Osaka and basketball great LeBron James have teamed up to launch a media production company that will focus on giving a bigger […]
How Are Young U.S. Buyers Affording Homes? With Their Parents’ Money
By Claire Ballentine and Paulina Cachero Even as the US real estate market shows signs of cooling, inflation and higher interest rates are making it difficult for young […]
Credit Cards at 20%, Mortgages Near 6%: Fed’s Rate Hikes Are Already Hitting Your Wallet
By Molly Smith US credit-card rates have soared past 20%, mortgage costs have climbed to the highest since 2008 and companies are having a harder […]
Obamas Move Audio Deal to Amazon After Spotify Friction
By Ashley Carman The Obamas and their production company Higher Ground have signed a deal with Amazon.com Inc.’s Audible to make a slate of original audio […]
Black Fintech Company Kinly Taps Celebrities Gabrielle Union, Kevin Durant, and Marshawn Lynch to Lead $15M Investment Into Neobanking System
A group of Black celebrities have invested in a neobanking system that will serve the underbanked in the Black community. The group not only celebrates […]
‘Unjust’: A Judge Knocked Down a Black Former Tesla Employee’s Discrimination Lawsuit from $137M to $15M, Then Gave Him Two Weeks to Accept. He Rejected the Settlement.
A Black former Tesla worker has rejected a multi-million dollar settlement in a racial abuse case against the company. In the lawsuit filed in 2017, Owen Diaz accused several […]
Senior Black Executives Are Out At Amazon Amid Management Shakeup
By Matt Day and Spencer Soper Two of Amazon.com Inc.’s top Black executives are leaving amid a management shakeup as Chief Executive Officer Andy Jassy […]
Changing America’s Cocktail Culture: Black Venture Capitalist Invests $5 Million In Minority- Owned Hella Cocktail Co.
Hella Cocktail Co. is on cloud nine after celebrating a $5 million investment into their mixology company. It was founded by three entrepreneurs: Jomaree Pinkard, […]
‘Banking While Black’ Is the Next Target for Civil Rights Lawyer Ben Crump
By Sarah Rappaport After chalking up major financial victories for the families of George Floyd and other victims of police brutality, civil rights lawyer Ben Crump said […]
Recession, Here We Come? Majority of Americans Believe Economy Is Already Collapsing
Americans are feeling the inflation pinch so much so that a majority of them already thing the country has entered a recession. The government has […]
Black Women Founders Raise $4.25M For Workplace Software Firm Five to Nine
Events management software company Five to Nine has raised $4.25 million in venture capital. TechCrunch reported earlier this month that the company owned by Jasmine […]
Black Equity on Wall Street Two Years After George Floyd
By Sonali Basak Progress over the years toward equity for Black Americans has been shaky—at best. In the wake of George Floyd’s murder by Minneapolis […]
Criminal Background Checks for Renters in Minnesota Are Discriminatory and Violate Fair Housing Act: City to Pay In Lawsuit Settlement
The city of Faribault, Minnesota, has settled a racial rental discrimination suit brought by the American Civil Liberties Union of Minnesota over the city’s requirement […]
Goldman Goes to Brooklyn Championing Program to Help Black Women
By Amanda L Gordon It seems crying in Goldman Sachs offices not only happens, but can lead to good things. Gizelle George-Joseph, who accepted an […]
‘There’s So Much Fear’: Crypto Winter Descends on Traders
By Charlie Wells, Misyrlena Egkolfopoulou and Claire Ballentine The “fear of missing out” that characterized so much of the investing landscape over the past two years […]