Editor’s note: This article is the first of our three-part series on the state of venture investment to Black-founded startups in 2022. Driving these reports are data from Crunchbase’s Diversity Spotlight feature, which helps indicate diversity in startups’ and investment firms’ leadership teams. Part Two in the series will highlight the year’s biggest funding rounds […]

In summary The task force members are discussing monetary and nonmonetary reparations ideas to compensate for slavery and racism. Some say they want policies to prevent future harms against Black Californians. End legalized slavery in California.  Adopt a Black studies school curriculum that shows racism’s devastating results. Stop devaluing Black businesses.  These are some of […]

ORLANDO, Fla., Jan 8 (Reuters) – Hedge funds have started 2023 betting that U.S. interest rates are close to peaking, that the Federal Reserve will keep them higher for longer and that the dollar will weaken slightly. Judging by the economic data, financial market swings and talk from U.S. policymakers in the first week of […]

Brendan O’Brien wrote this article in Reuters: Los Angeles County will spend $20 million to purchase a prime beachfront property from the heirs of an African-American couple who were given the land back a century after local officials unjustly stripped it from them. The Bruce family has informed county […]

Thanks in large part to added gaming pumping up numbers, United States racing awarded record purses in 2022 of nearly $1.31 billion. One might even call the numbers “historical.” Putting aside the COVID-19 impacted year of 2020, it’s the third straight season that United States tracks have awarded record purses—and 2022 shattered last year’s mark. […]

Despite myriad flaws, US remains top spot for Black startup founders seeking VC dollars by @dominicmadori— TechCrunch (@TechCrunch) December 30, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly . . .

Despite, well, everything, the U.S. is still the best place in the world for Black startup founders to raise money. The check sizes are bigger, the market more mature, the ambition oversized. There are more funds, more options, more opportunities, more, more, more. It’s quite easy to harp on the dismal funding and often discriminatory […]

EGYPT : Import-export firms turn to black market for US dollars  Africa Intelligence Source link

The Nigerian currency, the Naira on Tuesday depreciated against the US dollar at the Investors and Exporters (I&E) window of the foreign currency market and the black market. According to data obtained from FMDQ Securities Exchange, the Naira depreciated against the dollar in the I&E window or spot market by 38 Kobo, or 0.09 percent, […]

The progressive news outlet Grid, which launched last January with seed funding from the United Arab Emirates and a masthead of high-profile media talent, has reportedly lost its CEO amid internal confusion over its business model, while burning “millions of dollars” on fancy offices and a 50-person staff. Grid cofounder and CEO Mark Bauman, who […]

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