Do Not ‘Leave People with Entrepreneurial Energy Behind Because of the Color of Their Skin’: Government Announces $10 Billion Initiative to Boost Small Businesses
Black businesses, which already have major challenges in getting funding, have been hard hit by the pandemic. They also failed to receive pandemic government funding […]
Stocks Drop as Inflation, Rates, Virus Stir Alarm: Markets Wrap
By Rita Nazareth and Vildana Hajric Stocks were on pace for their longest losing streak since September as prospects for higher rates and inflation unsettle […]
U.S. Inflation Rate Is Probably Going to Spike Again: Eco Week
By Vince Golle U.S. inflation probably hit the fastest in four decades, helping explain a shift in the Federal Reserve’s approach to monetary policy as […]
Fed Can’t Solve Racism But Leaders Must Speak Out, Bostic Says
By Steve Matthews Central bankers need to speak up about economic barriers prompted by racism and the need for inclusion and diversity, Federal Reserve Bank […]
One Step Closer to Becoming a National Preserved Treasure: Detroit’s First Black Owned Bookstore Secures $15K Preservation Grant
The site of Detroit’s first Black-owned bookstore is one step closer to becoming a national preserved treasure. Vaughn’s Bookstore, once located on the city’s west […]
Not All Debt is Created Equal: How Costlier, Riskier Debt Is Hurting Chances for Black Households to Build Wealth
It can be good to have some debt, as debt can actually help build wealth. But it all depends on the type of debt. Other […]
Finurah Funding Friday: Need Money to Take Your Side Hustle to a Sustainable Business? Here Are Grants to Apply for This Month
It’s no secret that identifying funding for small businesses can be like finding a needle in a haystack. As entrepreneurs grow their business from side […]
U.S. Jobless Rate Falls as Wages Jump, Adding Pressure on Fed
By Reade Pickert The U.S. unemployment rate fell below 4% and wages jumped last month, adding to evidence of a tight labor market that’s expected […]
Looking a Little More Like America: Federal Reserve Boosts Diversity in Bank Board Leadership
With white male bankers having dominated the U.S. central banking system, the Federal Reserve in 2020 vowed to make the staffing in its system reflect […]
Old National Bank Settles Federal Redlining Complaint. Agrees to $27 Million in Loans to Qualified Black Applicants
One of the country’s largest financial institutions Old National Bank has agreed to settle a federal redlining court complaint. The largest financial services holding company […]
Four Ways Black Families Can Fight Against Rising Inflation
The U.S. is experiencing some of the highest rates of inflation the nation has seen since the early 1980s as Americans are noticing price hikes […]
Airbnb Responds to Racial Discrimination Lawsuit By Changing Policy In Only One State to Allow Bookers to Conceal Their Full Name and Photo
Airbnb is enacting a policy change as a result of a racial discrimination lawsuit that three Black women have filed against the company. The vacation […]
Meme Stocks Bounce With Retail Investors Dipping Back In After Slump
By Bailey Lipschultz Retail investors stepped back in to lift a handful of beaten down meme stocks after a volatile start of the session for […]
Student-Loan Burdens Upend the American Homeownership Dream
By Alex Tanzi A central part of the “American Dream” is to buy a house, pay it off over time and retire with hundreds of […]
No IG Influencers Need Apply: Hip-Hop Artist T-Pain Lays Out Employment Requirements For His Music Label
T-Pain sparked an online debate between fans when he shared his preferences on what it takes to work with him professionally. The “Buy U a Drank” artist shared […]
Five Steps You Can Do to Build Wealth, New Study
With an increase in Black unemployment and a loss of many Black businesses, the pandemic has negatively impacted the racial wealth gap. While the pandemic […]
Bitcoin Declines to Lowest Level Since December’s Flash Crash
By Vildana Hajric and Katie Greifeld Bitcoin slumped to the lower level since its December flash crash as growing expectations of rising borrowing rates weighs […]
‘It’s a Tough History’: Top Real Estate Organization Apologizes For Past Discrimination, Works to Support Black Homeownership
In the 1930s, it was not uncommon for real estate agents to use language describing areas as “negro-blighted” and filled with an “infiltration of undesirable […]