Business and Economy
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Minority-owned businesses continue to grow, but access to funding hasn’t kept pace. The Federal Reserve Banks’ Small Business Credit Survey indicates that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared with more than half of white business owners. This highlights the importance of […]
Black women are the fastest-growing group of entrepreneurs in the US, generating nearly $120 billion annually, according to Wells Fargo. If they received equal funding and mentorship opportunities, their businesses could add as much as $1.7 trillion to the economy. Business grants can help address systemic barriers to capital and open new opportunities for growth, […]
US jobs data presented a mixed picture, showing slower payroll growth alongside a lower unemployment rate. This combination has fueled speculation about potential Federal Reserve rate cuts, bolstering global equity markets. The S&P 500 traded near 6,900, while the DAX in Germany reached a new peak. What Softer US Jobs Mean for Rates and Stocks […]
Economic forecasts regarding the impact of President Donald Trump’s tariffs last year appear to be partially accurate, according to recent economic data. While some price increases occurred, the job market experienced notable shifts. Price Impacts Prices for certain imports, including beef, coffee, and tomatoes, rose significantly last year. However, overall price increases remained relatively unchanged. […]
SPACES by Premier, a new venue, offers a versatile space for various events and creative endeavors. The venue aims to adapt to a wide range of needs, from photoshoots to live performances. Venue Features The main room features exposed beams and high ceilings, including a “prop door” that functions as a garage door. This allows […]
Several activist groups are organizing economic blackouts this Black Friday and into early December, encouraging Americans to refrain from spending at major corporations. The campaigns aim to redirect consumer spending towards independent businesses. Multiple organizations are coordinating these efforts, each with a specific focus while sharing a broader message about corporate influence. Targeted Corporations No […]
Starbucks is facing renewed scrutiny, prompting consumers to reconsider where they spend their money. A previous article highlighted Black-owned coffee and tea businesses as alternatives, a list that resonated with conscious consumers seeking value-aligned options. Today, with this renewed focus on Starbucks, it’s an opportune time to revisit and expand the list of Black-owned cafés. […]
Philadelphia Business Density Analysis Business ownership is a significant factor in economic mobility and wealth creation, but it varies considerably across race, ethnicity, and sex. Recent federal data reveals a sharp rise in business ownership nationwide, though the rates differ among Black, Hispanic, Asian, White, female, and male entrepreneurs in various cities and counties, reflecting […]
Zim Flores, founder of Travel Noire, is a prominent figure in the travel industry, known for her advocacy of Black travel experiences. Her journey began with a transformative, yet challenging, experience in India, which inspired her to create a platform for Black travelers to connect and explore. Early Travel Experiences and the Creation of Travel […]
Several activist groups are organizing economic blackouts this Black Friday and into early December, urging Americans to refrain from spending at major corporations. The campaigns aim to redirect consumer spending towards independent businesses. Multiple organizations, including The People’s Union USA, No Kings, and Blackout the System, are coordinating these efforts. Each group has specific targets […]