Business & Money

#Bank Black Initiative Gains Nationwide Momentum

by Nisa Islam Muhammad -Staff Writer-

While many question the efficacy of street protests against police brutality, the Bank Black movement has taken the country by storm. Black folks around the country are showing just how... »

Black women-owned firms grew in 2012, but sales didn’t

by Northstar News Today | May 11, 2016 - 9:58:51 AM

The number of businesses owned by Black women grew dramatically from 2007—the beginning of the Great Recession—through 2012, when it ended. »

Historic Black-owned bank saved from closure

by Glenn Reedus Chicago Crusader | May 11, 2016 - 9:57:03 AM

CHICAGO—The old adage of “Buy Black’ is taking on a cousin slogan according to the new owners of the Illinois Service Federal Savings and Loan (ISF Bank). The saying, Kweku Nduom said, “it’s time to Bank Black.” »

New Black business app is on the scene

by Toure Muhammad -Contributing Writer- | Apr 13, 2016 - 10:13:33 AM

Are you looking for Blackowned businesses to buy from in your neighborhood or when traveling across the United States? Well, there’s an app for that. »

Federal Minimum Wage Slightly Rises In 14 U.S. States

by PressTV.com | Jan 13, 2016 - 9:57:57 AM

Fourteen U.S. states and several cities have decided to marginally increase the federal minimum wage of $7.25 an hour after six years passed without any increase. »

Community redirects spending to support Black-owned business

by Rhodesia Muhammad -Contributing Writer- | Jan 10, 2016 - 11:38:25 AM

WAXAHACHIE, Texas— Muslims of the Waxahachie Study Group of the Nation of Islam redirected customers of two Korean-owned beauty supply stores to spend their Black dollars at a nearby Black-owned beauty supply store as a way of redistributing the pain, a methodology Dr. Martin Luther King, Jr. Made known in 1968. »

'The Film Black Friday' Stresses Strengthening Black Economics

by Jehron Muhammad -Contributing Writer- | Dec 11, 2015 - 5:02:50 PM

CHICAGO - A packed audience at Philadelphia’s International House was treated to a free screening of the recently released documentary “The Film Black Friday.” “Black Friday is a solution-based film that deals with how Blacks deal with money, and the importance of “Black folks leaving a financial legacy.” »

Russell Simmons Speaks Out On Rushcard Glitch

by Stacy M. Brown | Nov 11, 2015 - 7:31:07 AM

Russell Simmons hasn’t slept much since news broke in mid-October that users of his RushCard couldn’t access their own money and were locked out of their accounts, due to a computer glitch. »

Wealthiest 1 percent own 'half of all household wealth'—report

by RT.com | Oct 21, 2015 - 1:53:29 PM

Worldwide wealth inequality keeps growing, with the richest 1 percent of the global population accounting for “half of all assets in the world,” according to a new report. Meanwhile, the poorest half has just 1 percent of its wealth at its disposal. »

Collecting $200 million from the debt collectors

by Charlene Crowell - Guest Columnist- | Oct 5, 2015 - 5:06:21 PM

At one time or another, many consumers have fallen behind on paying their bills. For the working poor, unemployed and underemployed, the struggle to get out of debt can be a daily challenge. »

Dark money in politics threatens Black interests

by Freddie Allen NNPA Senior Washington Correspondent | Sep 23, 2015 - 9:23:05 AM

WASHINGTON (NNPA)—The explosion of “dark money” spent in the political system in the United States threatens racial equity in the United States making it harder for Blacks and other minorities to gain a foothold in the middle class and fully participate in the democracy, according to a recent report by Demos, a public policy group. »

The time is ripe for economic justice - #BoycottChristmas

by Charlene Muhammad -National Correspondent- | Sep 17, 2015 - 9:49:45 AM

In his call for 'Justice Or Else,' the 20th Anniversary gathering of the Million Man March on October 10, in Washington, D.C., the Honorable Minister Louis Farrakhan also called for a boycott of Christmas. »

Debt collection report captures horror stories

by Nisa Islam Muhammad -Staff Writer- | May 29, 2015 - 9:37:36 AM

A new report by the Center for Responsible Lending has revealed what many consumers have known for years. Debt collectors often cross the line with abusive behaviors. »

Supporting our own and circulating the Black dollar

by Rhodesia Muhammad | Apr 21, 2015 - 10:02:06 AM

NEW ORLEANS - On a recent Saturday, organizers and over a dozen participants met at the Black-owned Half Shell Restaurant at 9 a.m. for a bus tour to explore Black businesses in the city. »

Will new student loan debt program really help?

by Nisa Islam Muhammad -Staff Writer- | Apr 1, 2015 - 11:33:53 AM

WASHINGTON - As parents and college seniors prepare for graduation and life after college, student loan debt is quite likely on their list of concerns. And it should be. Student loan debt has surpassed credit card debt and risen to the number two debt Americans have behind a mortgage. »

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George Fraser: Creating a Culture of Success and Empowerment

George Fraser may not be among the most well known...

#Bank Black Initiative Gains Nationwide Momentum

While many question the efficacy of street protests against police...

Black women-owned firms grew in 2012, but sales didn’t

The number of businesses owned by Black women grew dramatically...

Historic Black-owned bank saved from closure

CHICAGO—The old adage of “Buy Black’ is taking on a...

New Black business app is on the scene

Are you looking for Blackowned businesses to buy from in...

Federal Minimum Wage Slightly Rises In 14 U.S. States

Fourteen U.S. states and several cities have decided to marginally...

Community redirects spending to support Black-owned business

WAXAHACHIE, Texas— Muslims of the Waxahachie Study Group of the...

'The Film Black Friday' Stresses Strengthening Black Economics

CHICAGO - A packed audience at Philadelphia’s International House was...

Russell Simmons Speaks Out On Rushcard Glitch

Russell Simmons hasn’t slept much since news broke in mid-October...

Wealthiest 1 percent own 'half of all household wealth'—report

Worldwide wealth inequality keeps growing, with the richest 1 percent...

Collecting $200 million from the debt collectors

At one time or another, many consumers have fallen behind...

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