Business

How This Woman Landed Her Gourmet Food Brand at Bloomingdale’s Stores

By: Kandia Johnson

Genelle Drayton left a 10-year career in sports marketing and entertainment to take the entrepreneurial leap into the culinary industry—a sector where many people of color, particularly women, are underrepresented and underestimated. Drayton’s desire for something more paid off. Not only has Sweet Dames Artisan Confections landed in Bloomingdale’s stores, her...

Two of the Wealthiest African Americans Discuss Economic Mobility and Paying it Forward

By: Daron Pressley

On June 14, the Catalyst Network Foundation hosted “Position of Power” featuring Don Peebles and Thomas A. Moorehead, two of the wealthiest African Americans and both self-made entrepreneurs. The powerful discussion centered around entrepreneurship, economic mobility, and paying it forward.  The event was sponsored by City First Enterprises and Industrial...

Here Is A Listing of Black Banks in the United States

By: Safon Floyd

If ever there was a time for community-building and cultivation, that time is right now. Though the need to strengthen our communities is apparent, many are left wondering exactly what can be done or what role a single person can play to ultimately generate a lasting impact. Here’s a start:...

‘Black-Ish’ Creator Kenya Barris and Pharrell to Create Juneteenth Musical

By: Selena Hill

Kenya Barris, the creator of the hit ABC series Black-ish, is teaming up with Grammy Award-winning producer Pharrell Williams to create a stage musical about Juneteenth, a nationally recognized holiday marking the end of slavery for 250,000 African Americans in Texas on June 19, 1865. Barris will collaborate with fellow Black-ish writer...

Brian Krzanich, Intel CEO, Diversity in Tech Advocate, Resigns Over Affair

By: Samara Lynn

The CEO of Intel, Brian Krzanich, has resigned after it was disclosed he had an affair with an employee—a violation of the company’s fraternization policy. In a statement on its website, Intel said that chief financial officer Robert Swan would serve as interim CEO effective immediately. From the same statement:...

$1.55 Million Investment To Help Black Businesses in Detroit Flourish

By: Jeffrey McKinney

JPMorgan Chase is contributing $1.55 million to three new small business investments taking part in a conference for black businesses in Detroit. The banking giant planned to announce the investments during Detroit Startup Week, which runs from June 18 to June 22. The free five-day event gives entrepreneurs a chance...

UC Berkeley to Offer Course on Singer, Songwriter Frank Ocean

By: Selena Hill

R&B artist Frank Ocean is joining an esteemed class of entertainers whose lyrics, image, and cultural impact have been adpated into academia. Starting in the fall, students at the University of California, Berkeley will have the opportunity to take a course exploring the 30-year-old singer’s music. The course title, “Brain...

Puma Makes Power Moves, Signs Deandre Ayton, Marvin Bagley, and Jay-Z

By: The Shadow League

Puma is back in the basketball business. The company has announced the signings of top draft prospects Deandre Ayton (Arizona), Marvin Bagley III (Duke), and Zhaire Smith (Texas Tech). The Ayton signing was announced this week. The projected No. 1 pick in this week’s NBA draft signed a four-year, multimillion-dollar footwear and...

Bravo’s ‘Top Chef’ Stars Celebrate Juneteenth at the James Beard House

By: Selena Hill

Each year, the James Beard House hosts over 200 dinners featuring select world-class chefs who prepare unique tasting menus for guests. However, on Monday, four famed African American cooks from Bravo’s hit reality competition series Top Chef took over the esteemed Beard House kitchen for an unprecedented Juneteenth celebration that...

Reflecting on Barack Obama’s Accomplishments in Tumultuous Times

By: Carolyn M. Brown

The constantly breaking political news cycle is enough to leave nerves frayed. These turbulent time may make you long for days (read: administrations) past and see this as a good time to step back and reflect on calmer days when Barack Obama was in the White House. Some may want...

Freedom vs. Emancipation: The Celebration of Juneteenth

By: Selena Hill

Although President Abraham Lincoln issued the Emancipation Proclamation in January 1863, declaring all slaves as legally free, it actually took years before the news traveled to all parts of the country, writes Henry Lous Gates, Jr. in his piece What Is Juneteenth?. It was also harder to enforce the Executive Order in...

Just Graduated College? The First 3 Things to Know About Student Loan Debt

By: Kemberley Washington, CPA

Student loan debt for many recent college graduates is becoming the norm. Student loan debt is now more than $1 trillion and continues to rise. For many younger Americans, it has become the largest household debt. A study by CampusBooks.com, a textbook price comparison website, found that 56% of students at...