Category: Business & Finance

By Megan Sayles/AFRO Staff Writer Herbalism is known as one of the oldest forms of medicine in the world, with deep ties to the African diaspora. A number of plant-based healing traditions have been passed down from one generation to the next—even in the age of modern pharmaceuticals. Two women continuing to draw on their…

By Sunita Sohrabji “Much of this is self-inflicted. If we turn the page on tariffs by locking them in or by rolling them back, I think the economy would slowly start to recover. But there’s been no signals of Trump changing his tune.” — Stanford economist Dr. Neale Mahoney. American consumers are feeling the burden…

BLACKPRESSUSA NEWSWIRE — A new 16-page issue brief by the Joint Center for Political and Economic Studies warns that federal industrial policy investments aimed at advancing economic opportunity for Black communities are under threat, as the Trump administration eliminates key diversity, equity, and inclusion (DEI) provisions and slows the disbursement of funding. By Stacy M….

By Megan Sayles AFRO Staff Writer For many Black Americans, the dream of a secure retirement is increasingly out of reach. Despite decades of work, a combination of wage disparities, unequal access to employer-sponsored retirement plans and other economic inequalities have left Black workers with significantly less savings than their counterparts.  This divide can be…

Sponsored by JPMorgan Chase Today’s economic environment is shaped as much by prices and policies as it is by personalities. With four different generations working, saving, and spending at the same time, their different approaches to finances can help us see why money can highlight generational gaps. It’s essential to keep in mind that every…

Black News.com Nationwide — African American entrepreneur Anthony Washington is making history as the Founder and CEO of AEN (Anything Entertainment Network), the fastest-growing Black-owned streaming platform with free access to more than 50,000 movies, TV shows, and podcasts. The app is available for download on Roku, Google Play Store, and Apple iOS App Store,…

BLACKPRESSUSA NEWSWIRE — Debt remains a significant barrier. 63% of higher-income Black households said debt is a problem, while just 45% of non-Black households at the same income level said the same. Nearly half of upper-income Black respondents said debt affects their ability to save or live comfortably in retirement. By Stacy M. Brown Black…

By Megan Sayles AFRO Staff Writer Every year, millions of Americans are victims of credit card fraud. In 2024 alone, 62 million people had unauthorized charges on their credit or debit cards, with expenses surpassing $6.2 billion.  Bola Sokunbi is the founder and CEO of Clever Girl Finance, a personal finance education platform for women…

Charlene Muhammad | California Black Media Small businesses in California – from sole proprietorships to small and medium enterprises (SMEs) – account for about 99% of all businesses in the state, making them the sector most responsible for job creation, more than 7 million. Considering their importance to the state economy, Gov. Jerry Brown created…

The California State University Board of Trustees has approved the naming of the university’s entrepreneurship school and center as the Randall W. Lewis School of Entrepreneurship and Innovation and the Randall W. Lewis Center for Entrepreneurship. The California State University Board of Trustees has approved the renaming of the CSUSB School of Entrepreneurship and Inland…

by Ellen Perrault The Los Angeles County Board of Supervisors and the Los Angeles County Development Authority (LACDA) have launched the Altadena Disaster Relief Small Business Loan Program. This initiative aims to provide critical working capital—up to $75,000 per business—to help small businesses in Altadena–where its historic Black community was devastated–recover, rebuild, and retain jobs…

SAN BERNARDINO, CA—Stepping into the Cajon High School athletic office of Richard Imbriani is like walking into a living scrapbook of competitive achievement. The walls are lined with newspaper articles chronicling championship wins, standout athletes and memorable seasons. Trophies of all sizes are displayed on the wall, a testament to the countless hours of hard…

With minority-owned Los Angeles businesses taking a double-hit of the pandemic and recent fires, the county is stepping up help  By Selen Ozturk LA County houses approximately 1,397,434 small businesses, comprising nearly 99.96% of all businesses in the county — with more of these being women- and minority-owned than any other U.S. county. To help…

BLACKPRESS USA NEWSWIRE — The U.S. stock markets have continued to experience significant declines, with the Dow Jones Industrial Average dropping to start the week at 890 points (2.1%) to close at 41,912. By Stacy M. Brown, NNPA Newswire Senior National Correspondent The U.S. stock markets have continued to experience significant declines, with the Dow…

By Selen Ozturk Since Trump’s termination of federal diversity, equity and inclusion (DEI) initiatives, small businesses nationwide are expected to take a major hit. Since Trump’s termination of federal diversity, equity and inclusion (DEI) initiatives, small businesses nationwide are expected to take a major hit. The executive orders issued during Trump’s first week of office…

BLACKPRESSUSA NEWSWIRE — Homeownership remains one of the most significant drivers of wealth, yet Black families face disproportionate barriers to achieving this milestone By Stacy M. Brown Sonia Reed believed she had achieved the American dream. In December 2024, the Black grandmother and former homeless individual became a homeowner in San Leandro, California. But her…

By Stacy M. Brown Apple has vowed to stick to its diversity, equity, and inclusion (DEI) initiatives despite pressure from a Trump-associated group and an atmosphere that derides a diverse and inclusive workforce. Shareholders voted this week to keep the company’s DEI initiatives, rejecting a proposal from a conservative think tank that sought to eliminate…

By Selen Ozturk With Free Application for Federal Student Aid (FAFSA) delays and plummeting applications, California is extending financial aid access for all students who need it. The California Student Aid Commission reports a 25% fall in high school senior FAFSA applications — a decrease of 48,000 students — compared to February of last year. …

By Stacy M. Brown, NNPA Newswire Senior National Correspondent The NAACP has filed a lawsuit in the U.S. District Court for the District of Columbia challenging the legality of the Trump administration’s decision to dismantle the Consumer Financial Protection Bureau (CFPB). The civil rights organization argues that the move undermines protections for Black, elderly, and…

There was a time when I believed in the “American Dream.” I held onto the idea that with the right experience, education and work ethic, anyone could achieve greatness in this land of my ancestors. However, on the morning of April 1, 2010, my belief was shattered when I discovered that the Miami Dade Aviation…