Business and Economy
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Black-owned businesses remain significantly underrepresented in the United States. Data from the Census Bureau, analyzed by the Pew Research Center, indicates that only 3% of businesses were majority Black-owned in 2022. Within the construction sector, this figure rises to 6.8%. McKissack & McKissack, the oldest Black-owned construction company in the nation, stands as a notable […]
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Black entrepreneurship in the United States has seen a significant increase in recent years. Data from the Pew Research Center indicates a rise of over 70,000 Black-owned businesses between 2017 and 2022. Despite this growth, business owners report facing challenges related to the current economic climate and political environment. Challenges for Business Owners Will Aiyeogenku, […]
The future of many of Donald Trump’s tariffs is uncertain, pending a Supreme Court ruling on the administration’s global trade barriers. The legal question of whether the policy is constitutional is separate from whether it is a sound policy decision. Founders and Economic Democracy The U.S. founders supported economic democracy, a decision-making process that incorporates […]
Mitsubishi Corp. announced Friday it will acquire a significant portion of Aethon Energy Management LLC’s U.S. natural gas assets. The transaction, focused on the Haynesville Shale region, is valued at more than $7.5 billion. At A Glance: The acquisition will involve assets intended to supply production to the Cameron LNG export facility. This deal represents […]
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent month over month in December 2025, according to the US Bureau of Labor Statistics (BLS). This rise in consumer prices kept annual inflation steady at 2.7 percent. Energy Price Fluctuations Energy prices rose 0.3 percent in December. Natural gas prices increased significantly by […]
A new study details the significant economic impact of digital payments in the United States. Conducted by PwC for the Electronic Transactions Association (ETA), the analysis is the first comprehensive assessment of the value of digital payments across various commerce sectors. The study, utilizing data from 2024, reveals that digital payments contribute substantially to the […]
Black Unemployment Rate Rises, Signaling Potential Economic Slowdown The unemployment rate for Black workers increased to 7.5% in August, marking the highest level since October 2021. This rise, often seen as a warning sign for the broader economy, has sparked concerns among Black business owners and economists. Economic Indicators and Concerns The unemployment rate for […]
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Minority-owned small businesses often face challenges securing capital for startup or growth. While loans are an option, many prefer alternative funding sources. Grants offer a valuable alternative, providing funding that doesn’t require repayment. 18 Minority Business Grants Many minority small business grants and assistance programs exist. However, finding the right one can be challenging. The […]