The pandemic has catalyzed a shift in consumer behavior, giving rise to what’s now termed the “introvert economy.” This shift sees consumers increasingly favoring the comfort of their homes over traditional social outings—a trend with significant implications for businesses across industries. Consumers are choosing to go out earlier, if at all, to then enjoy the […]
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Hedge Funds Bet Big on AI Weather Prediction
There’s an expression: “Everybody talks about the weather, but nobody does anything about it.” New technology may not be making any inroads in controlling the weather. However, artificial intelligence is helping a select few understand it better and make money from the knowledge. Venture capital firms are partnering with software engineers to train AI-driven machine […]
Read MoreBlack Residents in Suburban Chicago Town Are Tired of this Mayor’s Mess
Burning one hundred dollar billPhoto: sbayram (Getty Images) The mayor of Dolton, Illinois, a predominantly Black suburb of Chicago, is enmeshed in a scandal of big-city proportions. Mayor Tiffany Henyard is accused of misusing money from the Village of Dolton to fund her lavish spending and blocking efforts to hold her accountable. ‘Bob Hearts Abishola’ […]
Read MoreBlack Residents in Suburban Chicago Town Are Sick of This Mayor’s Mess
The mayor of Dolton, Illinois, a predominantly Black suburb of Chicago, is enmeshed in a scandal of big-city proportions. Mayor Tiffany Henyard is accused of misusing money from the Village of Dolton to fund her lavish spending and blocking efforts to hold her accountable. ‘Bob Hearts Abishola’ Star Folake Olowofoyeku Sings Queen’s“Bohemian Rhapsody”, Reveals Funniest […]
Read MoreHow to Capitalize on the Booming Bond Market
Suddenly, investors can get real income from bonds again. Bonds had been moving up in price, and thus down in yield, for about 40 years—a trend that accelerated after the financial crisis in 2008. “There wasn’t much need for people to look at individual bonds,” says Kevin McPartland of Coalition Greenwich, a major benchmarking firm. […]
Read MoreChris Brown Caught in Another Scandal—and This One Involves Popeyes Chicken
Photo: Charles McQuillan (Getty Images) Restaurants are known for being tough investments, and Chris Brown is finding that out first hand. Small Town Horror Story: The Shopping Cart Killer Off English Back in September, the R&B singer was sued by City National Bank for nearly $2 million, alleging that he owed the institution for a […]
Read MoreThere Is A Big Boss Reason Why Rihanna Just Performed a Multi-Million Dollar Concert in India
Earlier, we told you about Rihanna’s multi-million-dollar payday to perform at a pre-wedding party for the son of Indian billionaire Mukesh Ambani. Now, some are suggesting the “We Found Love” singer’s decision to take the gig was less about the music and more of a calculated business move. Small Town Horror Story: The Shopping Cart […]
Read MoreBlack Entrepreneurs Who Became Successful After Competing On Shark Tank
Photo: Mark Von Holden/Variety (Getty Images) We all love “Shark Tank,” right? It’s always interesting to see a small-time entrepreneur pitch their unique and fun products to a panel of billionaires and millionaires. Advertisement However, the moment we enjoy most is seeing Black business owners thrive on the show. Even if they don’t get a […]
Read MorePost George Floyd America Promised Change, But Here’s Why Only White People Got Richer
Close up man hand opening empty wallet over calculator.Photo: boonchai wedmakawand (Getty Images) Throughout the Summer of 2020, everyone from politicians to financial institutions to your neighbor with an “In This House We…” sign on their lawn — pledged to do better by Black Americans. The big banks even offered to cough up billions of […]
Read MoreSnoop Dogg and Master P Are Now Beefing With Walmart, Over Cereal?
This is not the beef we expected to see in 2024. We always assume there is going to be a feud between a couple of artists here and there because it’s a part of the culture. But there is no way we could’ve guessed that Snoop Dogg and Master P would be in a full-on legal […]
Read MoreThe US Economy is Too Strong for Rate Cuts
We’ve experienced wild swings in the economy, inflation, financial markets, and fiscal and monetary policy since COVID struck nearly four years ago. With the virus largely behind us, the market focus now is on how the economy and inflation evolve and what the Federal Reserve does in response. Economic forecasters and the Fed expect continued […]
Read MoreGen Z Swiping Up on Health
Gen Z, the first generation born into the digital world, spends a lot of time on social media: 54% of Gen Zers spend up to four hours a day on social media and 38% spend even more. Players in the healthcare space need to meet Gen Z consumers where they are—online. As medical influencers grow […]
Read MoreTech Leaders Plan for Responsible AI at Davos
This year, 75% of companies are expected to move from doing proof of concepts on AI to actually operationalizing the technology. The question of how to do that in an ethical and responsible way was the topic of a Techonomy discussion at the recent World Economic Forum meeting in Davos this year. Hosted by Dan […]
Read MoreAI’s Seismic Impact on the C-suite
In the brisk winter air of Davos, amidst the buzz of the World Economic Forum, a distinguished panel convened to explore an increasingly pertinent theme: the transformative impact of artificial intelligence on the roles of C-suite executives. The session drew leaders, including Valerie Beaulieu-James, chief sales and marketing officer at The Adecco Group; Matt McDonald, […]
Read MoreRedefining February to Discover Joy Beyond Winter Blues
Back in 2016, Kevin Killeen, a St. Louis reporter for KMOX1120, made a segment explaining why “February is the worst month of the year,” citing the weather as the main antagonist. I think the hatred is unfounded as the month at least offers things to celebrate (unlike April, T.S. Eliot’s cruelest month), such as Black […]
Read MoreGreta Gerwig’s Billion-Dollar Challenge to Hollywood Sexism
She is the highest-grossing solo female director of all time, raking in more than $1.4 billion in worldwide box office sales for “Barbie.” Her take on the iconic doll has sparked important conversation around how rampant sexism still is throughout society. With critically acclaimed coming-of-age films like “Frances Ha” in 2012, “Lady Bird” in 2017, and “Little Women” in 2019, Greta Gerwig is known for […]
Read MoreYou Won’t Believe Why Sports Illustrated Lays off Its Entire Staff
Sports Illustrated staffers were notified via email Friday that they were being laid off. AME Pastor Who Protested Biden Connects Gaza & Palestine Solidarity To The Black Church & Struggle Off English Advertisement Authentic, the licensing group that originally purchased SI for $110 million five years ago, is terminating its licensing agreement with The Arena […]
Read MoreThe Financial Gift HBCUs Just Received Will Blow Your Mind
Photo: Kevin Dodge (Getty Images) The United Negro College Fund (UNCF) just announced tens of millions of dollars in donations from the Lilly Endowment Inc. The gift, the largest the organization has received in its 80-year history, will go towards a collective endowment to support the UNCFs member institutions. “Obey Your Crazy”: ‘The Book of […]
Read MoreWait, Ridiculous Kentucky AG Daniel Cameron (Who is Black) Wants to Wage War on What?
LOUISVILLE, KENTUCKY – NOVEMBER 07: Republican Candidate for Governor of Kentucky, Attorney General Daniel Cameron and wife, Makenze Cameron, walk off of the stage after his concession speech at the Republican election watch party at the Marriott Hotel on November 7, 2023 in Louisville, Kentucky. Photo: Michael Swensen (Getty Images) After losing his race for […]
Read MoreThe Best Black Business Advice We Got This Year
Photo: 10’000 Hours (Getty Images) Tapping Into Our “Why?”: A Blueprint For Better Black Entrepreneurship Off English This year, we talked to some of the most influential Black entrepreneurs in the game for our exclusive business series, Securing the Bag. And while they shared way too much good advice to list here, we thought we’d […]
Read MoreLooking for that List of Black Billionaires? Here’s The Richest Black People in the World
Photo: Daniel Beloumou Olomo (Getty Images) As the first Black African to be featured on Forbes’ billionaires list back in 2008, Patrice Motsepe has his wealth in several businesses around the continent. He is the founder and chairman of African Rainbow Minerals, as well as private equity firm African Rainbow Capital, which re-invests in Africa. […]
Read MoreThe Shocking Differences Between Black, White Billionaires
Making of Forbes Africa May cover with Abdulsamad Rabiu I understand that you can’t really compare the valuations of tech to construction, but for the second richest Black person to have $8 billion compared to $180 billion feels like it points to the vast negative the Black people are constantly working from.
Read MoreRep. Maxine Waters Speaks on The Black Banking Crisis
Black Americans are the most unbanked and underbanked group in the nation, with many lacking access to even the most basic financial services, such as a checking account. How A Need For Diversity In Kid’s Games Launched One Of Oprah’s Favorite Things of 2023 Off English But what does it really mean to be shut […]
Read More5 Ways to Keep Your Finances in Check During the Holidays
The holiday season is supposed to be the most wonderful time of the year. But spending more than you can afford on gifts, decorations and food can leave you in a serious post holiday slump, setting you up to spend most of the new year trying to get out of debt. Tapping Into Our “Why?”: […]
Read MoreTop 10 Ways to Build Wealth
Wealth creates opportunity. It enables us to make investments that can help provide financial security, such as buying a home, starting or purchasing a business, and sending our children to college. And it opens the door to financial independence so we can retire on our own terms. But wealth accumulation doesn’t just happen on its […]
Read MoreReal Estate Godfather of Harlem Explains How To Buy A Home and Gain Wealth
Most financial advisors will tell you that owning property is one of the best ways to create generational wealth. But in cities like New York and Los Angeles, rising housing costs and interest rates can make owning even a closet seem out of reach and leave long-term renters like me feeling hopeless. Godfather of Harlem […]
Read MoreDamn! $10M of Morehouse Student Loans Wiped Clean…And It Wasn’t Biden Who Did It
Lawd… I’ve seen what you’ve done for others. Others meaning the students at Morehouse College who were just relieved of up to $10 million in student debt across 2,000 accounts thanks to a debt union. COVID’s Shocking Effect on Black Life Expectancy Off English Morehouse announced their partnership with the Debt Collective, a non-profit debt […]
Read MoreMore than 800,000 People Are Having Their Student Loans Forgiven Ahead of Pause Ending
Demonstrators in favor of student loan debt forgiveness outside the US Supreme Court in Washington, DC, US, on Friday, June 30, 2023. The Supreme Court tossed out President Joe Biden’s plan to slash the student debt of more than 40 million people, rejecting one of his signature initiatives as exceeding his power.Photo: Anna Rose Layden/Bloomberg […]
Read MoreOldest Community Bank in the U.S. to Pay Millions Due to Discriminatory Practices Toward Black Neighborhoods
Here at The Root, we’ve previously reported how challenging it is for Black people to secure a mortgage. Recent data has shown that Black mortgage applicants are much more likely to be denied than white applicants. It’s made it much more difficult for Black people across the country to buy property they are interested in. […]
Read MoreWhy Black Americans Should Be Alarmed By a Potential Government Shutdown
House Speaker Kevin McCarthy (R-CA) has five days to get his caucus to agree to a passable spending package before the country is propelled into a calamitous government shutdown. The Week C-SPAN Became Must-See TV Off English With just days left on the clock, things are still nowhere near settled. Members of the far-right House […]
Read MoreThe Richest Black People in the World
Photo: Daniel Beloumou Olomo (Getty Images) As the first Black African to be featured on Forbes’ billionaires list back in 2008, Patrice Motsepe has his wealth in several businesses around the continent. He is the founder and chairman of African Rainbow Minerals, as well as private equity firm African Rainbow Capital, which re-invests in Africa. […]
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