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Business and Economy
Coverage of Black-owned businesses, economic inequality, entrepreneurship, finance, employment, and wealth trends in the US.
The US-Iran war of attrition is taking a growing toll on Iran’s economy
- By Black Hot Fire Network Team
- . July 20, 2026
Contrary to what the BBC or CNN would have us believe, the US is clearly winning the war of attrition against Iran. How much drivers
These Cities Have The Most Black-Owned Businesses
- By Black Hot Fire Network Team
- . July 20, 2026
Photo by Luis Alvarez/Getty Images by Mitti Hicks January 29, 2025 While Black Americans represent nearly 14% of the nation’s population, only 3.3% of businesses
Samsung Cuts Over 800 U.S. Jobs in Display, Mobile and Consumer Electronics Divisions
- By Black Hot Fire Network Team
- . July 19, 2026
Samsung Electronics America is cutting more than 800 U.S. jobs across its display, mobile and consumer electronics operations as the South Korean tech giant relocates
Fairlife pauses US production after cyberattack breached milk brand’s systems
- By Black Hot Fire Network Team
- . July 19, 2026
NEW YORK — Milk brand Fairlife is pausing its production in the U.S. after a ransomware cyberattack breached the company’s systems. Coca-Cola, which owns Fairlife,
16 Black-owned businesses to support in Atlanta
- By Black Hot Fire Network Team
- . July 18, 2026
Nourish Botanica is a plant nursery that also sells dried flower arrangements. (Photo by @Christyn.camera) According to a study from LendingTree, Atlanta is home to
Iraq and Syria agree to revive defunct crude oil pipeline
- By Black Hot Fire Network Team
- . July 18, 2026
Iraq and Syria on Friday signed a US-backed memorandum of understanding to revive a crude oil pipeline, as Washington seeks alternatives to bypass the Strait
Local, Black-owned businesses to check out in the DC area
- By Black Hot Fire Network Team
- . July 17, 2026
WASHINGTON — This Black History Month, put your money where your mouth is and support Black-owned businesses in the D.C. area. Whether you’re shopping for
US weekly unemployment claims fall to 208,000, fewest in 10 weeks
- By Black Hot Fire Network Team
- . July 17, 2026
WASHINGTON (AP) — Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low. The number
U.S. Business Inventories Rise 0.3% in May, Sales Surge 2.1% – Lowest Inventory-to-Sales Ratio Since Late 2021 – News and Statistics
- By Black Hot Fire Network Team
- . July 16, 2026
Jul 16, 2026 U.S. business inventories rose at a moderate pace in May, according to data released on Thursday by the Commerce Department’s Census Bureau,
Knoxville Area Urban League business resources for Black entrepreneurs
- By Black Hot Fire Network Team
- . July 16, 2026
Since taking over as president and CEO of the Knoxville Area Urban League last summer, Laurie Shanderson has been determined to hear directly from the