Stocks Drop in Heavy Trading, Bond Curve Flattens: Markets Wrap
By Rita Nazareth Volatility gripped financial markets, with investors bracing for a rebalancing of the S&P 500 and the expiration of equity derivatives. Stock moves […]
Finurah Funding Friday: Check Out Business Grants From Amazon, Comcast and Others
Building sustainable businesses, especially during a pandemic, is never easy. According to the National Bureau of Economic Research, 41 percent of Black businesses shuttered their […]
‘Own Your Brand’: Hip-Hop Icon MC Lyte Reclaims the Rights to Her Stage Name 30 Years After She Lost Them to Record Label
MC Lyte, born Lana Moorer, officially owns the rights to her stage name, and it only took her more than 30 years of patience to do […]
‘Will Not Adequately Address Compounded Generations of Racism’: West Hollywood City Council Approves Measure to Study History of Redlining, Possible Reparations
In 1939 the California city now known as West Hollywood was a predominately working-class area populated by Jewish and Black residents. The Home Owners Loan […]
‘I’m Here to Give Them Something Fresh, Eclectic and Different’: How Margie Toney’s Style Eyes Optical Offers High-End and Chic Eyewear to Her Brooklyn Community
When entrepreneur Margie Toney first opened her eyewear boutique in Brooklyn, New York, three years ago, it was with the goal of bringing high-quality eyewear […]
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 […]