U.S. Jobless Claims Fall to Lowest Level Since Start of Year
By Raeedah Wahid Applications for U.S. state unemployment insurance fell by more than forecast to the lowest level since the start of the year, as […]
Tennis Great Serena Williams’ Growing Venture Fund Raises $111 Million; Invests In African Tech Startup
Tennis star Serena Williams has raised $111 million for her early-stage venture capital firm Serena Ventures, she told the DealBook newsletter. The company manages a portfolio […]
A Texas Telecom Company Allegedly Isolated Black Employees Into a Separate Room with Cameras, Now Ten Former Employees Have Won a $70 Million Federal Discrimination Suit
A Texas jury has awarded nine Black and one white former employees of a telecom company $70 million after they won a racial discrimination lawsuit […]
No Corner of U.S. Stock Market Left Untouched by Ukraine War
By Matt Turner and Bailey Lipschultz Investors are rushing into cash as the war in Ukraine roils markets across the globe and erodes demand for […]
‘All of a Sudden, You’re Making Extreme Amounts of Money’: NBA Great Grant Hill Teaches Athletes How to Handle Their Money
Retired NBA player Grant Hill, a co-owner and executive of the Atlanta Hawks, is widely considered one of the game’s greatest players. His success in […]
Fed Chair Powell Backs Quarter-Point March Rate Hike, Open to Bigger Moves
By Craig Torres Federal Reserve Chair Jerome Powell backed a quarter-point interest-rate hike this month to commence a series of increases and didn’t rule out […]
Demand for Cash Jumps From Fund Managers Stressed by Russia
By Vildana Hajric and Katie Greifeld Investors are rushing into cash as the war in Ukraine roils markets across the globe and erodes demand for […]
‘Breaking Generational Curses’: Black Parents Teach Children Financial Literacy to Support Closing Wealth Gap
When Kyren Gibson became a father, he realized that more than anything, he wanted his son, Kyng, to have a keen understanding of finances and […]
Where are the World’s Richest People Buying Property? London, Paris, New York
By Venus Feng and Devon Pendleton Billionaires the world over have flocked to London in recent decades, lured by its abundant luxury real estate and […]
Black Founders Reflect on the Present and Future of Black Entrepreneurship
Black- or African-American-owned businesses total an estimated 134,567 in the United States. These businesses have $133.7 billion in annual receipts and employ some 1.3 million […]
Stocks and Futures Fall, Bonds Surge on Ukraine: Markets Wrap
By Robert Brand Stocks fell as investors assessed the risks to the global economic outlook amid geopolitical uncertainties. Treasuries climbed, with traders abandoning their bets […]
Affirmation Tower Backed by Black Contractors Halted as Government Officials Debate Purpose of the Space
Affirmation Tower, slated to become the tallest skyscraper in New York City and backed by a majority team of Black contractors and lenders, has hit […]
These 10 Mutual Funds Have the Most Exposure to Russia
By Suzanne Woolley They may not have Russia in their name, but a number of popular mutual funds have significant exposure to the country, with one nearing 17% of assets. […]
Why More VC Firms Are Writing Checks to Black Women, and Why It Still Isn’t Enough
The nationwide racial reckoning triggered by protests over the murder of George Floyd in 2020, saw a number of venture capital firms pledge to make […]
Crypto World Grapples With Challenge of How to Handle Sanctions
Cryptocurrency exchanges are still trying to figure out how to deal with western sanctions against Russia after its invasion of Ukraine. U.S. measures announced Thursday […]
One Black Family Claims California Took Their Land for a State Park 75 Years Ago. Now They Want it Back.
Rufus Burgess arrived in California in the late 1840s and built a fortune during the Gold Rush. Having once been enslaved, Burgess was a freeman. […]
New Report: Most Black Americans Say They Can Meet Basic Needs Financially But Still Experience Economic Insecurity
The COVID-19 pandemic has been a financially scary time for most. But according to a new survey done by Pew Research Center, a majority of Black adults […]
High School Basketball Standout Bronny James, Son of LeBron James, Inks NIL Deal
Bronny James proves the adage that the apple does not fall too far from the tree. The Sierra Canyon high school junior announced an endorsement deal […]