Crypto Gets New U.S. Oversight at Agencies That Once Held Back
By Evan Weinberger President Joe Biden’s cryptocurrency executive order put the nation’s two federal consumer protection regulators front and center in regulating digital money. The […]
Rihanna’s Fenty Brand is Getting Metaverse-Ready by Filing Metaverse Trademarks
Pop superstar Rihanna is entering into the Metaverse. Her successful beauty brand Fenty filed for a Fenty trademark, which indicates a Metaverse move. The nine-time […]
How Buy Now, Pay Later Services Are Boosting American Credit Card Debt
By Claire Ballentine Think of it as “buy now, pay later, pay later… and pay again after that.” Nearly a quarter of respondents in a recent […]
Zuckerberg: NFTs Are Coming Soon to Instagram
Mark Zuckerberg recently announced that his company plans to introduce NFTs into Instagram in the “near term.” Zuckerberg was speaking at the South by Southwest […]
How HBCUs Are Producing Black Business Owners
In 2021, Blacks owned approximately 124,551 businesses in the United States. Still, this only accounts for a mere 2.2 of the employer-owned businesses in the U.S. It remains harder for […]
What the Fed’s Rate Hike Means for Inflation, Housing, Crypto and Stocks
By Charlie Wells and Claire Ballentine America’s central bank increased its benchmark interest rate on Wednesday, pushing it up by a quarter percentage point. The hike […]
Why Black Americans are Leading the Way in Digital-Only Banking
Black Americans are using digital-only banks as their primary financial institution more than any other ethnic group in the U.S., a new analysis from business […]
How Surging Used-Car Prices Are Turning Vehicles Into a Profitable Investment
By Alice Kantor and Claire Ballentine Move over, real estate. Used-car prices are rising so quickly that some consumers are selling their vehicles for a tidy […]
‘Transformative Partnership’: Major League Soccer Launches Historic Partnership with Black-Owned Banks
Major League Soccer is following up with its 2020 Diversity, Equity, and Inclusion iniatives. On March 10, MLS announced that it will leverage a historic $25 […]
Reasons Why the Booming House Market Has Not Included Black Americans
Despite a stellar housing market characterized by low-interest rates for homebuyers and increased equity for homeowners, Black Americans are still struggling to navigate the home-buying […]
Gold Drops for Third Day as Commodities Fall Before Fed Meeting
By Ranjeetha Pakiam and Eddie Spence Gold declined for a third day as commodities continued a rout ahead of a key Federal Reserve meeting where […]
New Report on Philanthropists of Color: Racism Still Affects Millionaire Black Donors
Money can’t shield people from racism. A new report found that millionaire philanthropists say they often have to deal with racism in the world of […]
‘Tokenizing Real Estate Equity’: Black-Owned Company Is Using Blockchain to House Homeless Families
Real estate is the single investment type that has created more wealth than any other asset class, according to statistics from the Urban Institute. But […]
ETFs Finally Find a Crisis They Can’t Trade Through in Ukraine
By Emily Graffeo From the pandemic to the Greek debt crisis, exchange-traded funds have operated like it was business as usual during some of the […]
Stocks Climb, Dollar Falls as Heat Comes Off Oil: Markets Wrap
By Rita Nazareth Stocks advanced as a selloff in oil gathered momentum while New York manufacturing data came in much weaker than expected, easing fears […]
Nearly Half of Americans Say They Pay Too Much in Taxes
By Suzanne Woolley Think you pay too much in taxes? You probably do, if you are like the 46% of Americans who say they’re looking […]
What a U.S. Digital Dollar Means for the Future of Your Wallet
By Misyrlena Egkolfopoulou and Claire Ballentine The world’s reserve currency may be about to go digital, potentially transforming the way Americans move and use their […]
Jobless Rate Fell in Most States in January, 10 at Record Low
By Reade Pickert The unemployment rate fell in most states in January, including in 10 where the jobless rates fell to record lows. Nebraska and […]