Business

Business

Wealth gap costs over last two decades: $2.7 trillion in Black income, $16 trillion to U.S. economy 

October 7, 2020 Carma Henry 0

     “Yet even today, with all those credentials and as one of the leading executives on Wall Street,” wrote McGuire, “I am still seen first as a six-foot-four, two-hundred-pound Black man wherever I go — even in my own neighborhood. I could have been George Floyd. And my wife and I are constantly aware that our children could have their innocence snatched away from them at any given moment, simply for the perceived threat of their skin color.”    […]

Business

Women Entrepreneurs Launch New Line of Black-Themed Greeting Cards For Kids of Color

September 30, 2020 Carma Henry 0

Perfectly Hued Expressions, a Black woman-owned business, is celebrating children with melanin-rich skin tones with a new line of greeting cards. Established in 2018 by entrepreneurs Kateena Thomas and Latisha Armstrong, their company set out to fix the glaring problem of a lack of diversity in the greeting card industry. Their solution was to introduce to the market high-quality, fun and stylish products that mirror the beautiful hues of diverse little ones. The unique greeting card brand and stationery line was created for, and inspired by, kids of color! […]

Business

New Program Helps African Americans Create Wealth By Investing in Their Health

September 24, 2020 Carma Henry 0

A new program has been launched that is targeting newly-coined African American “mobile-preneurs” who want to work from home or remotely in the lifestyle consulting industry. Amidst the aftermath of the global Coronavirus pandemic, millions of people are in a desperate search to make a living and thrive financially in a market and climate where jobs literally don’t exist anymore. Business owners and entrepreneurs alike have had to evolve and adapt and find new ways of generating income and maintain their current lifestyle or find a new lifestyle. […]

Business

Wells Fargo gives $1 million in scholarships to bridge financial gaps faced by students amidst COVID-19

September 16, 2020 Carma Henry 0

Students dedicated to making a positive difference in the world offer the greatest hope for the future, but for many their plans are threatened due to the unexpected financial gap posed by COVID-19 – sometimes prohibiting them from continuing and completing college. Wells Fargo wants to help close that gap by launching the Wells Fargo Student Impact Scholarship. This new initiative will provide 200 students with $5,000 each – funds that could help them cover various costs for their instruction and potentially make the difference in being able to continue their education. Wells Fargo’s commitment will go beyond financial assistance to include an optional mentorship opportunity to provide ongoing guidance for these students. […]

Business

Businessman Robert F. Smith Launches Initiative to Address Racial Disparities In Prostate Cancer

July 30, 2020 Carma Henry 0

      From eliminating the debt of Morehouse College graduates to providing resources for Black-owned businesses that were significantly impacted by the COVID-19 pandemic, businessman Robert F. Smith has used philanthropy as an avenue to uplift and empower disenfranchised communities. One of his latest projects is focused on Black men’s health. The Vista Equity Partners founder is joining forces with the Prostate Cancer Foundation to address racial disparities surrounding prostate cancer. […]

Business

CFPB Gives a Green Light to Predatory Payday Lenders

July 22, 2020 Carma Henry 0

       This regulatory reversal represents a financial favor to pay-day and car-title lenders, and certain harm to consumers who are just a few hundred dollars short for their monthly expenses. In very real and measurable ways, the agency created to protect consumers gave a green light to predatory lenders to continue to prey upon the nation’s poorest and most vulnerable consumers.  […]