Business and Economy
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The Trump administration has initiated actions to dismantle programs designed to address systemic racism and economic exclusion, impacting minority- and women-owned businesses. These moves threaten billions of dollars in funding and potentially tens of thousands of jobs. The administration’s policies are drawing criticism from advocates who argue they will disproportionately harm historically disadvantaged communities. Disadvantaged […]
Oil Prices Rise Amid Iran Tensions Oil prices increased for the second consecutive day Tuesday, and gasoline prices in the United States also moved higher, reflecting concerns about rising inflation stemming from the ongoing conflict in Iran. Economic Impact and Consumer Concerns Even a modest increase in prices could negatively impact many Americans, potentially souring […]
The Nasdaq opened lower yesterday following a coordinated attack by the United States and Israel against targets in Iran, including key officials and military facilities. The operation reportedly resulted in the deaths of Iran’s Supreme Leader Khamenei and numerous other regime officials. Iran responded with attacks targeting Israel and US bases in several Gulf States, […]
Several Black-owned alcohol and beverage brands are elevating the industry with unique offerings and rich cultural narratives. August marks Black Business Month, providing an opportunity to support these businesses and celebrate their contributions. 1. E-40 — ON1 Infusion Wine Hip-hop artist Earl “E-40” Stevens recently launched ON1 Infusion Wine, a new line of fruit-infused Moscatos. […]
Minority-owned businesses continue to grow, but access to funding often lags behind. The Federal Reserve Banks’ Small Business Credit Survey reveals that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared to over half of white business owners. This highlights the importance of grants […]
Tallahassee has been recognized as a leading city for Black-owned businesses, ranking ninth nationally according to a recent report. The findings highlight a thriving entrepreneurial landscape within the city. National Ranking of Black-Owned Businesses A LendingTree report analyzed data to determine the percentage of Black-owned businesses in 100 metropolitan areas. Tallahassee secured the ninth position, […]
Sarah Pardi, 35, moved to Paris in 2023 after a lifelong fascination with France. Her journey began with a desire to travel and a resourceful search for ways to fund her dream. Early Travel Experiences Pardi’s interest in France developed early in life, despite having no French heritage. Growing up in poverty in Oregon, she […]
Recent polling indicates a divided American public regarding potential conflict with Iran, conducted just prior to U.S. airstrikes. The data reveals uncertainty about the duration of such a conflict and varying perspectives on how the U.S. should engage with Iran’s leadership. Public Opinion on Conflict Duration Most Americans anticipated a lengthy conflict with Iran, lasting […]
Thank you for opening the Chartbook email. US Tariffs and the Fiscal Equation Tariffs are not a major factor in the US fiscal equation. LNG exporters can readily absorb higher domestic gas costs compared to other consumers due to the higher sale prices of LNG in foreign markets. For example, the average US LNG export […]
More than one-in-five Black adults in the United States say owning a business is essential to their personal definition of financial success, according to a 2023 Pew Research Center survey. While Black-owned businesses have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue, according […]