New Study: COVID-19 Pandemic Has Hit Black America Hard Financially, Yet One-Third of Black Americans are Optimistic About Their Financial Recovery
Wage loss and a sharp rise in unemployment are among the impacts Black Americans have faced during the COVID-19 pandemic, but Blacks are optimistic their […]
‘Where Did The Money Go?’:Deion Sanders Is Looking For The Pandemic Money For HBCUs
Deion Sanders wants to know where the money resides that was promised to HBCU’s during the pandemic. “During the pandemic, you heard all the Fortune 500 […]
U.S. Household Net Worth Jumps to a Record on Equities, Housing
By Reade Pickert U.S. household net worth jumped to a fresh record in the fourth quarter on rising stock prices and higher home values. Household […]
Inflation Is Rising Faster Than Pay for Many American Workers
By Suzanne Woolley For all the talk of wage inflation, many Americans say their salaries aren’t keeping up with prices. In February, 73% of “lower […]
Less Than 1 Percent of All FDIC-Insured Banks Are Black-Owned. One Businesswoman Is Pushing to Start a Black Bank In Iowa.
Less than 1 percent of all Federal Deposit Insurance Corporation-insured banks are considered Black-owned. The FDIC is one of two agencies that supply deposit insurance […]
‘Remember Your Why’: How One Black Entrepreneur Fought for Funding for Her EdTech Startup
When Joanna Smith-Griffin was working as a student engagement director at Excel Academy Charter Schools in Boston, she discovered there needed to be a more […]
Drivers Facing Record Gas Prices Say They’d Pay More to Stop War
By David R Baker Many U.S. drivers, stung by record gasoline prices, say they’d pay even more if it would end Russia’s war in Ukraine. That doesn’t mean […]
Million-Dollar U.S. Homes Nearly Double From Pre-Pandemic Levels
By Allison McNeely The percentage of U.S. homes worth at least $1 million has nearly doubled from before the pandemic as a sizzling housing market […]
Alicia Keys Athleta Clothing Line Debuts in Push to Grow Brand to $2 Billion
By Jordyn Holman Athleta has been on a tear, and now it’s up to Mary Beth Laughton to keep the boom going. The former Sephora and […]
Biden Pushes for Coordinated Approach to Crypto Oversight
By Allyson Versprille President Joe Biden is directing government agencies to focus more on the fast-growing crypto market, from researching a U.S. digital dollar to […]
New Report: Almost Half of Americans Earning $100K Live Paycheck to Paycheck
A salary of $100,000 or more doesn’t necessarily guarantee financial freedom these days. More than half of Americans live paycheck to paycheck, found a new […]
Paid Leave and Universal Child Care Could Boost U.S. GDP by $1 Trillion
By Ella Ceron Providing childcare and paid leave to parents of young children would be a boon for the U.S. economy, according to a new report […]
Wealthy Bid Big to Win Homes in Supply-Strapped U.S. Markets
By Prashant Gopal The impatient and moneyed, trying to get ahead of expected increases in U.S. mortgage rates, are doing what it takes to win […]
Hettie Simmons Love, First Black Graduate of Preeminent Business School Wharton, Is Honored 75 Years Later
Seventy-five years after graduating from the preeminent Wharton School of the University of Pennsylvania with a master of business administration degree, Hettie Simmons Love is receiving […]
U.S. Consumer Borrowing Gains at Slowest Pace in a Year
By Reade Pickert U.S. consumer borrowing rose in January at the slowest pace in a year as households paid down credit-card balances that swelled during […]
Work From Home: The Pandemic Is Taking a Toll on Your Managers’ Mental Health
By Suzanne Woolley If your manager seems crabby lately, consider this: Six in 10 of them say their mental health has been hurt by the […]
Black-Owned Brands Get Lift as Big Retail Invests to Help Them Scale
By Jordyn Holman, Jeannette Neumann and Deena Shanker Corporate pledges to direct more dollars to Black-owned businesses after the 2020 murder of George Floyd have […]
Electric Bills Double for U.S. Families With Fuel Costs Surging
By Will Wade and Francesca Maglione U.S. consumers from New York to California are experiencing “rate shock” on their latest utility bills as the global energy […]