Business and Economy
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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%. This disruption is largely due to “freeze-offs,” a phenomenon that occurs when water and hydrates solidify, blocking gas flow. The price of benchmark natural gas futures at Henry Hub in […]
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 provide a burial ground free from racial discrimination. A centennial celebration was held in Pontiac on Saturday night, honoring the park’s legacy and its century of service to the community. […]
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 history of these businesses reflects a persistent drive for success. Recent data indicates continued expansion within the Black business community. Growth in Black-Owned Businesses The U.S. Census Bureau’s Annual Business […]
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 in Venezuelan oil production and exports, raising questions about the implications for the United States and other nations. Historical Challenges Venezuela’s oil industry experienced a steady decline beginning in 1998, […]
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 the community, but often face unique challenges that the Knoxville Area Urban League actively works to overcome. Goldenseal Cleaning Company’s Rise Marcus Webb recalls childhood memories of his father, an […]
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 Mac indicates a continued trend in mortgage rate fluctuations. Mortgage Rate Changes The 30-year fixed-rate mortgage rate averaged 6.09% this week, a rise from 6.06% the previous week. A year […]
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 Act (IRA), have created an opportunity to strengthen U.S. manufacturing while also promoting more inclusive ownership in key supply chains. Despite this potential, significant disparities exist in the ownership of […]
Black-owned law firms offer specialized legal services rooted in community understanding and a commitment to justice. These firms often address systemic issues and inequalities that may be overlooked by others, aligning legal needs with advocates who genuinely understand the client’s perspective. Here’s a list of top Black-owned law firms across the country, categorized by state. […]
Terri Lynn Williams Womack, wife of U.S. Representative Steve Womack, died Sunday, January 19, at Circle of Life Hospice in Bentonville. She was 68 years old. Terri Lynn Williams was born November 2, 1957, in DeWitt, Arkansas, to H.D. and Deanie Williams. She graduated from DeWitt High School in 1976 and attended the University of […]
A block of Upshur Street NW in Petworth is recognized for its concentration of women-owned businesses, and Washington, D.C., is celebrating them during Black-Owned Business Month. Despite economic concerns, consumer spending has increased this summer, benefiting these local establishments. Petworth Business Community Several Black women-owned businesses are located on a single block of Upshur Street, […]