Business & Money

Black business group, Black banks making Black history with economic justice

by Hazel Trice Edney

It is the number one reason that Black-owned businesses fail: Simply put—not enough money and not enough places to get it.... »

From banks to beauty products, the #BuyBlack movement is real

by Stacy M. Brown -NNPA Newswire- | Dec 14, 2016 - 12:40:05 PM

As the holiday season moves into full swing, the #BuyBlack campaign has led many to imagine what would happen if African Americans— the largest consumer group of color in the United States with an estimated $1.2 trillion in spending power— routinely demonstrated allegiance to the 2.6 million Black-owned businesses that exist in America. »

Will victims in bank scandal get their day in court?

by Nisa Islam Muhammad -Staff Writer- | Dec 14, 2016 - 11:45:56 AM

Victims of the Wells Fargo banking scandal will get justice and have their day in court if new legislation introduced earlier this month passes. »

Christians, Muslims unite on economic venture in Atlanta

by Kenetta Muhammad And Karriemmah Muhammad | Aug 26, 2016 - 1:41:38 PM

ATLANTA—The Atlanta Local Organizing Committee (LOC) and 10,000 Fearless Men and Women Headquarters of the South established a combined economic development venture in Atlanta called Blue Seas Express & Catering. »

Can We Rebuild Black Wall Street?

by James Clingman -Guest Columnist- | Aug 26, 2016 - 1:20:41 PM

Black Wall Street was burned to the ground in 1921 by a White mob. The Greenwood District, located in the northern section of Tulsa, Oklahoma, was once called “Negro Wall Street,” and “Little Africa.” It was home to hundreds of Black owned businesses and sat on valuable land desired by White oil speculators. »

A Never Ending Wealth Gap Between Blacks And Whites In America?

by Michael Z. Muhammad -Contributing Writer- | Aug 18, 2016 - 2:31:38 PM

Echoing past dire economic reports, a new study looks at the country’s racial wealth gap and its bone chilling ramifications. While other studies brought a heightened awareness of income inequality, wealth inequality offers a clearer picture and the outlook for Black America’s future looks darker unless there is serious change. »

Income Study Outlines Wage Gap Between Male, Female Physicians

by Nisa Islam Muhammad -Staff Writer- | Aug 5, 2016 - 12:16:54 PM

If you thought the wage gap between men and women, Whites and Blacks was just in middle to lower income jobs think again. »

#Bank Black Initiative Gains Nationwide Momentum

by Nisa Islam Muhammad -Staff Writer- | Jul 26, 2016 - 2:46:40 PM

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 much their ‘Black Lives Matter’ by not only boycotting stores like Target and Coca Cola products but also moving their money. »

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. »

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Black Dollars, Black Power

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George Fraser: Creating a Culture of Success and Empowerment

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

Black business group, Black banks making Black history with economic justice

It is the number one reason that Black-owned businesses fail:...

From banks to beauty products, the #BuyBlack movement is real

As the holiday season moves into full swing, the #BuyBlack...

Will victims in bank scandal get their day in court?

Victims of the Wells Fargo banking scandal will get justice...

Christians, Muslims unite on economic venture in Atlanta

ATLANTA—The Atlanta Local Organizing Committee (LOC) and 10,000 Fearless Men...

Can We Rebuild Black Wall Street?

Black Wall Street was burned to the ground in 1921...

A Never Ending Wealth Gap Between Blacks And Whites In America?

Echoing past dire economic reports, a new study looks at...

Income Study Outlines Wage Gap Between Male, Female Physicians

If you thought the wage gap between men and women,...

#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...