Even with a good product, finding seed money and investments to scale a business can be an uphill battle for Black entrepreneurs. Only 1.2% of venture capital is funding Black entrepreneurs, according to Crunchbase, which collects data on early-stage startups, with Black women founders receiving just 0.27% of funding. Read More …
After the 2020 election, phrases like “listen to Black women” were oft repeated, but not a reality for Black women in politics or business. The Women’s Right movement in America has been tied to the emancipation of Blacks and civil rights. To defeat talks of emancipation or Read More …
The 50th anniversary of hip-hop coincides with the national Black business month in August, and the former has been a driver of growth and empowerment for the latter, according to leaders in the music genre’s industry. Hip-hop is an industry with an economic impact of $16 billion and has launched Black-owned Read More …
LL COOL J rang in hip-hop’s 50th anniversary this month at the Nasdaq’s opening bell, underscoring how influential and profitable the genre has become. The bell-ringing at Nasdaq was last week, but today, August 11, is the official anniversary. An industry with an economic impact Read More …
Honored to co-host Yahoo’s Juneteenth interview of Stephen Satterfield, host of Netflix’s High on the Hog docu-series. Part One: The meaning of “high on the hog” Part Two: America’s culinary tradition – Hercules and James Hemmings Part Three: The power of food to unite and teaser Read More …
In September, Caroline Hernandez, a Florida homeowner, got a notice from her mortgage lender that her escrow account that held funds to pay her homeowners insurance and property taxes was short by $3,522 because her insurance premiums had increased. The shortage meant that Hernandez’s mortgage Read More …
More and more college athletes are earning money off their name, image, or likeness (NIL) since a NCAA rules change nearly two years ago — affording them the opportunity to profit from their sport no matter if they turn pro. But many aren’t equipped to deal with Read More …
More Americans are dealing with estate and trust taxes as their baby boomer parents and older loved ones pass away. The number of income tax returns for estates and trusts (Form 1041) increased by 14.9% to 3.24 million in 2021 from 2.82 million in 2020, Read More …
As Women’s History Month comes to a close, Nasdaq had women leaders at Monday’s closing bell. With only 10% of Fortune 500 companies led by women, the symbolism of having some of the most innovative women at the intersection of finance, funding, and founding at Read More …
Tax breaks and tax enforcement are not agnostic when it comes to race, according to a pair of recent studies. White taxpayers disproportionately benefit from five studied tax breaks versus Black Americans, in many cases when adjusting for income, according to a Treasury study from the Read More …
If you are unable to afford an accountant or tax preparer, there are free resources available to assist senior citizens, military, and those whose income is under a certain threshold. The income threshold changes yearly. 1. IRS Free File In partnership with the Free File Read More …
President Biden’s up to $20,000 in student loan forgiveness is on hold as the Supreme Court deliberates. As a result, the federal forbearance pause has been extended until June 30. If litigation has not been resolved by then, payments will begin 60 days after that. Read More …