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Business and Economy
Coverage of Black-owned businesses, economic inequality, entrepreneurship, finance, employment, and wealth trends in the US.
Equifax Reports Profit Increase Driven by Mortgage Activity
- By Black Hot Fire Network Team
- . April 21, 2026
Equifax reported a significant increase in first-quarter profit on Tuesday, driven by higher loan demand within its U.S. mortgage business. The company also reaffirmed its
Gold prices decline amid inflation concerns and stronger dollar
- By Black Hot Fire Network Team
- . April 20, 2026
Gold prices declined on Monday, influenced by a stronger US dollar and renewed concerns about inflation. Escalating tensions in the Strait of Hormuz, which led
Support Black-Owned Travel Businesses This Season
- By Black Hot Fire Network Team
- . April 18, 2026
Triathletes often invest significantly in gear, from bikes and shoes to nutrition. Supporting these purchases involves choosing which companies to patronize, and considering the broader
BeReal Seeks Creators to Increase User Activity
- By Black Hot Fire Network Team
- . April 15, 2026
BeReal is actively seeking to engage with US-based influencers as part of a strategy to revitalize the platform and regain momentum. The company aims to
Jewelry Business Closures Decline in First Quarter
- By Black Hot Fire Network Team
- . April 14, 2026
The Jewelers Board of Trade (JBT) reported a deceleration in the US jewelry industry’s downsizing rate during the first quarter. The data indicates a decrease
Black-owned businesses see growth and expansion
- By Black Hot Fire Network Team
- . April 12, 2026
The number of Black-owned employer businesses in the United States surpassed 200,000 in 2023, marking at least six years of consecutive growth. This growth, totaling
Gas prices increase factors examined
- By Black Hot Fire Network Team
- . March 31, 2026
The average cost of gasoline across the United States reached $4.01 per gallon on Tuesday, marking the first time prices have exceeded this level since
Small business owners worry about new transparency rules
- By Black Hot Fire Network Team
- . March 15, 2026
The Corporate Transparency Act, set to take effect January 1, 2025, will require small business owners to disclose more information about their businesses to the
OneUnited Bank Earns Spot on Inc.’s Best in Business List
- By Black Hot Fire Network Team
- . March 14, 2026
OneUnited Bank has been recognized by Inc. magazine as one of the best in the financial services industry. The recognition is part of Inc.’s 2024
Navy Destroyers Intercept Iranian Missiles
- By Black Hot Fire Network Team
- . March 13, 2026
US Navy destroyers in the Eastern Mediterranean Sea are utilizing SM-3 interceptors to defend against incoming Iranian ballistic missiles. This marks a significant escalation in