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Business and Economy
Coverage of Black-owned businesses, economic inequality, entrepreneurship, finance, employment, and wealth trends in the US.
Trump Administration Disadvantaged Minority-Owned Businesses
- By Black Hot Fire Network Team
- . January 28, 2026
The Trump administration has taken steps to dismantle programs designed to address systemic racism and economic exclusion, impacting minority- and women-owned businesses. These actions target
Australian Dollar Weakens Amid Rising US Dollar Before Fed Decision
- By Black Hot Fire Network Team
- . January 28, 2026
The Australian Dollar (AUD) decreased against the US Dollar (USD) on Wednesday, following gains in the previous session. This movement occurred after the release of
McDonald’s settles lawsuit over advertising spending
- By Black Hot Fire Network Team
- . January 27, 2026
On June 13, 2025, McDonald’s reached a settlement in a $10 billion lawsuit filed by media entrepreneur Byron Allen. The lawsuit alleged that the fast-food
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