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Business and Economy
Coverage of Black-owned businesses, economic inequality, entrepreneurship, finance, employment, and wealth trends in the US.
Winter Storms May Impact US Gas Supply and Costs
- By Black Hot Fire Network Team
- . January 26, 2026
Extreme cold is expected to significantly restrict natural gas production across the U.S. in the coming days, potentially reducing average daily output by approximately 10%.
Michigan cemetery marks century of service to community
- By Black Hot Fire Network Team
- . January 25, 2026
Detroit Memorial Park, Michigan’s first Black-owned cemetery and oldest African American corporation, marked its centennial anniversary this weekend. The cemetery was established in 1925 to
Black-Owned Businesses Highlighted During National Month
- By Black Hot Fire Network Team
- . January 24, 2026
August is designated as National Black Business Month, a time to recognize the unique challenges and contributions of Black-owned businesses in the United States. The
Trump policies may impact global economic growth
- By Black Hot Fire Network Team
- . January 24, 2026
Venezuela’s oil industry has faced significant turmoil over recent decades, impacting global energy markets and potentially affecting U.S. consumers. Recent developments suggest a possible shift
Knoxville Black-owned businesses gain support from Urban League
- By Black Hot Fire Network Team
- . January 23, 2026
Marcus Webb and his brother, Bryan Webb, recognized a need in Knoxville and founded Goldenseal Cleaning Company to address it. Black-owned businesses contribute significantly to
US mortgage rates slightly increase
- By Black Hot Fire Network Team
- . January 22, 2026
The average rate for a 30-year fixed-rate mortgage increased slightly this week, though it remains close to a three-year low. Data released Thursday by Freddie
Diverse business ownership boosts US advanced manufacturing
- By Black Hot Fire Network Team
- . January 21, 2026
Manufacturing Supply Chains Lack Diversity Recent federal laws, including the Infrastructure Investment and Jobs Act (IIJA), the CHIPS and Science Act, and the Inflation Reduction
Black-Owned Law Firms Offer Legal Representation Nationwide
- By Black Hot Fire Network Team
- . January 21, 2026
Black-owned law firms offer specialized legal services rooted in community understanding and a commitment to justice. These firms often address systemic issues and inequalities that
Steve Womack’s wife Terri Womack dies
- By Black Hot Fire Network Team
- . January 20, 2026
Terri Lynn Williams Womack, wife of U.S. Representative Steve Womack, died Sunday, January 19, at Circle of Life Hospice in Bentonville. She was 68 years
Petworth Sees Growth of Black Women-Owned Businesses
- By Black Hot Fire Network Team
- . January 20, 2026
A block of Upshur Street NW in Petworth is recognized for its concentration of women-owned businesses, and Washington, D.C., is celebrating them during Black-Owned Business