White House’s Rouse Confident Fed Will ‘Make the Right Call’
By Christopher Condon Council of Economic Advisers Chair Cecilia Rouse said the Federal Reserve has the White House’s confidence, a day after the central bank […]
Mutual Fund Giant Franklin Templeton Joins Shift to Low-Cost ETFs
By Katie Greifeld Franklin Templeton is transforming two of its mutual funds into exchange-traded vehicles as the conversion trend gathers speed. The $1.55 trillion asset […]
‘Misty Copelands’ Are Rare in World of Ballet, and Black Entrepreneur Looks to Change That
When Robin Pitts, founder of the dance studio Dance Makers, started dancing at 7 years old she didn’t see many people on TV who looked […]
Stocks Jump on Bets Economy ‘Can Handle’ Fed Hikes: Markets Wrap
By Rita Nazareth Stocks rallied on speculation that the Federal Reserve will effectively combat surging prices without choking off economic growth. The S&P 500 closed […]
Should You ‘Buy the Dip’ With Bitcoin and Stocks Drop?
By Claire Ballentine and Charlie Wells When Bitcoin plunged in September, El Salvador’s President Nayib Bukele tweeted a version of the three words that have become a […]
Gold Holds Worst Loss This Month as Fed Meeting Outcome Awaited
By Ranjeetha Pakiam and Eddie Spence Gold held its worst daily loss since late November as investors considered the latest U.S. inflation data and counted […]
Social Media Inequality: There’s a 35 Percent Wage Gap Between Black and White Influencers, Finds New Study
It seems no facet of Black American life is safe from disparity. There are inequities in employment, health care, housing, education. Not even Black social […]
Black Former Arizona Senate Staffer Wins Lawsuit Alleging She Was Paid Less Than White Peers
In 2015, a Democratic policy adviser was fired from the Arizona Senate after sending emails to her supervisors expressing that she was being paid less […]
Pandemic Pivot: Entrepreneur Turns His Nightclub Into Houston’s First Black-Owned Grocer Featuring Black Brands
Resiliency and passion are two of the greatest characteristics of any entrepreneur. With entrepreneurship, it is possible to quickly see the bigger picture during difficult […]
Carla Harris Is Stepping Down as Morgan Stanley Vice Chair
By Max Abelson Carla Harris, one of the few Black women to rise to the top echelons of Wall Street, is stepping down as Morgan […]
Big Tech Getting Crushed in Jittery Day for Stocks: Markets Wrap
By Rita Nazareth As the Federal Reserve gets ready to wrap up its final meeting of the year, another report showing inflation running hot sank […]
McDonald’s Must Do More to Help Black Franchise Owners, Group Says
By Leslie Patton As association of Black owners of McDonald’s Corp. franchises says the company needs to do more to reduce the inequities they face, […]
Ernesta Procope, the ‘First Lady of Wall Street’, Dies at 98
By Laurence Arnold Ernesta Procope, whose insurance company was greeted as the first Black-owned business on the boulevard of American finance when it relocated its […]
‘We’re on Track to Quintuple Our Revenue’: Black-Owned LS Cream Liqueur Business Saw Sales of Its Haitian-Inspired Cremas Soar In 2020
During the pandemic, sales of cream liqueur grew by 22.8 percent, found a Nielsen survey. LS Cream Liqueur is part of that growth as the […]
Elected Officials ‘Need to Do More’: Joblessness Crisis for Black Men Costs Economy About $50B Per Year, According to New Report
The number of unemployed Black men in the U.S. has grown so much that it’s costing Black communities $50 billion in income every year, a […]
T.I. and Killer Mike Are on a Mission to Revitalize Historic Bankhead Seafood Restaurant In Atlanta
T.I. and Killer Mike are continuing their mission to give back to Atlanta communities by moving ahead with their previously announced plans to revitalize local restaurant Buckhead Seafood. […]
Forget Generational Wealth? One Real Estate Investor Says Focus In Black America Should be on Transformational Wealth
Some people are throwing the phrase “generational wealth” as the be-all-end-all solution to the massive racial wealth gap. But Kevin “KayR” Robinson, co-founder of KayJay […]
No Strings Attached: Hundreds of Black Women In Georgia to Receive Guaranteed Income Through Nonprofit’s Program That Aims to Fight Racial Wealth Gap
Hundreds of Black women in Georgia soon could be getting roughly $800 a month as part of a new initiative to boost financial stability, mental health, and […]