How U.S. Tax Code Disadvantages Black Americans But Privileges White Families
One of the things widening the racial wealth gap is the federal tax code. The way the tax code is written puts Blacks at a […]
‘I Will Take It All Off the Table’: Comedian Dave Chappelle Helps Torpedo Affordable Housing Project In Tiny Ohio Community He Lives In
Comedian Dave Chappelle doesn’t want a new housing development built near his home in southwest Ohio, telling local officials this week a property that size […]
‘She Opened Doors for Other Black Women’: Pioneering Entrepreneur Madam C.J. Walker’s Hair Care Line Relaunched In Walmart By Descendant
Madam C.J. Walker built a hair Care empire in the late 1800s and early 1900s. In the process, she became the first female self-made millionaire […]
Stocks, Bonds Extend Declines on Bullard Comments: Markets Wrap
By Stephen Kirkland and Vildana Hajric U.S. stocks extended declines after Fed Bank of St. Louis President James Bullard said he supported raising rates by […]
Byron Allen Vying To Become NFL’s First Black Owner
Media mogul Byron Allen is preparing a bid to buy the Denver Broncos, according to reports. If the bid is successful it would make Allen the first Black majority […]
Few CEOs in U.S. Expect Quick Taming of Inflation, Survey Shows
By Vince Golle Ongoing supply constraints along with faster growth in worker pay indicate U.S. inflationary pressures will persist even if the Federal Reserve raises […]
Snoop Dogg Buys Death Row Records From Blackstone-Managed Group
By Jessica Park Snoop Dogg, the famed Hip Hop artist turned entrepreneur, said Wednesday that he had acquired the Death Row Records brand from a […]
‘We Need to Do Something Aggressive’: Black Homeownership Initiative 3by30 Aims to Help 3 Million Blacks Become Homeowners By 2030
The Black homeownership rate may be teetering at 42 percent but the Black Homeownership Collaborative has a lofty goal of helping at least three million […]
Where Are the Black Investors?: Black Americans’ Lack of Participation In Stock Market Increases Racial Wealth Gap
Historically, Black Americans tend not to invest in the stock market – and it’s costing them wealth. Blacks missed out on the historical stock market […]
Hot Inflation Data Risk Pushing Fed Closer to a Super-Sized Hike
By Steve Matthews and Reade Pickert A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more […]
How to Get the Hottest Crypto Jobs: Start by Working With a DAO
By Charlie Wells and Claire Ballentine Savvy undergraduates know the path to a career on Wall Street: Lock down summer internships by sophomore year — […]
‘Buy Black’ Made Gains in 2021 Even Against Pandemic Backdrop, Yelp Data Shows
By Jeff Green The Buy Black movement that emerged following the social unrest and unequal impact of the pandemic in 2020 continued to find support in […]
Americans Ramp Up Credit-Card Spending, Return to Old Habits
By Olivia Rockeman and Alex Tanzi U.S. credit-card bills jumped sharply last quarter as Americans returned to pre-pandemic spending habits. Credit-card balances increased every quarter […]
‘Most Powerful Tools We Have In the Arsenal That We’ll Use to Empower the Black Community’: Black Business Leaders Talk Racial Wealth Gap, Entrepreneurship
Sharing your own experience about entrepreneurism and the realities of today’s racial wealth gap is one way to make a difference when it comes empowering […]
U.S. Small Business Optimism Falls to 11-Month Low in January
By Raeedah Wahid Sentiment among U.S. small businesses fell in January as owners remained wary of high inflation, worker shortages and future economic conditions. The […]
‘Will I Have To Explain To My Daughter That Her Brother Is Gonna Make More Money?’ Tennis Champ Serena Williams Promotes Racial Equality, Equal Pay
Serena Jameka Williams is the greatest women’s tennis player to ever pick up a racquet and arguably the best athlete ever, male or female. A winner of 23 […]
New Report: Policy Changes to Earned Income Tax Credit and Child Tax Credit Could Narrow Racial Wealth Gap
The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) could be used by the government to help close the wealth gap, according to […]
U.S. Black Jobless Rate Improves, With More Entering Workforce
By Katia Dmitrieva Black workers in the U.S. saw an improvement in their jobs situation last month, as more men and women returned to the […]