Business and Economy
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The Black Chamber of Arizona will host a four-part, in-person business series throughout February to commemorate Black History Month. The series, titled Black History in Business: Fireside Chats Across Arizona, will spotlight Black-owned businesses and employer firms in the state. The events will be held every Thursday evening from 7–9 p.m. and are designed for […]
Recent year-end job data from the Bureau of Labor Statistics has prompted discussions regarding a potential white-collar slump or hiring recession. A new predictive model from Toptal, a global staffing consultancy, suggests possible improvements in the U.S. labor market ahead. U.S. Job Market Trends Job growth across the entire U.S. market has been declining at […]
The Bureau of Labor Statistics will not release the January jobs report on Friday due to the ongoing partial government shutdown. This delay impacts several scheduled economic data releases. The U.S. government initiated a partial shutdown on January 31, 2026, after a funding deadline for the 2026 Budget lapsed without Congressional approval. Delayed Data Releases […]
Black government contractors in Northern Virginia recently gathered to discuss the impact of recent changes in federal spending and staffing. Many reported significant disruptions to their businesses following policy shifts initiated under the Trump administration and the Department of Government Efficiency led by Elon Musk. Remona Antoine, a consultant whose business specializes in leadership training, […]
White House press secretary Karoline Leavitt has accused Senator Thom Tillis of North Carolina of obstructing the confirmation of President Donald Trump’s nominee to chair the Federal Reserve. Tillis has vowed to oppose the nomination until the Department of Justice concludes its probe of current Fed Chair Jerome Powell. Federal Reserve Nomination and Investigation White […]
Ford CEO Jim Farley recently highlighted a significant labor shortage impacting the automotive industry and the broader U.S. economy. Speaking on the Office Hours: Business Edition podcast, Farley stated Ford currently has 5,000 open mechanic positions that remain unfilled, despite salaries potentially reaching $120,000. Labor Shortage Across Critical Industries Jim Farley indicated the shortage at […]
A recent executive order has initiated the dismantling of the Minority Business Development Agency (MBDA), a move that has drawn concern regarding its potential impact on minority economic advancement. This decision threatens decades of progress in supporting minority entrepreneurship and access to economic opportunity. Since its establishment, the MBDA has served as a resource for […]
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 initiatives intended to level the playing field for historically disadvantaged entrepreneurs. Disadvantaged Business Enterprise (DBE) Program The Justice Department under the Trump administration filed to end the Disadvantaged Business Enterprise […]
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 Australian Consumer Price Index (CPI) data. < h3>Australian CPI Data
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 chain engaged in racial stereotyping by excluding Black-owned media from its advertising budget. The settlement avoids a trial scheduled for July 15 in Los Angeles federal court and resolves a […]