Business - Page 13

UBS Report: U.S. Leads World With 23.8 Million Millionaires

Written By Lexx Thornton The United States is home to the most millionaires of any country, with a tally of 23.8 million in 2024, according to a new report by UBS. The Swiss bank estimated the U.S. minted some 379,000 new millionaires last year, or more than a thousand each day, for an increase of 1.5%.  Mainland China came in second at 6.3 million, up 2.3%, with 141,000 new millionaires. By percentage, Turkey’s millionaire population increased the most with an 8.4% bump to 87,000.  America extended its lead thanks to a banner year for Wall Street as well as a

Illinois Families Struggle With Nation’s Highest Property Taxes

Written By Lexx Thornton Illinois families pay the highest property tax rate in the nation, spending more than double what the average American family spends to stay in the same home. That’s driving Illinoisans away. The average American family will spend $2,969 on property taxes for the average home in 2025, but the average Illinois family will spend $6,285 on it, according to a new report.  Illinois again ranked as the state with the second-highest property tax rate, behind New Jersey, in a new survey by WalletHub. The survey shows Illinois homeowners will pay more than double the national average

Intel Ends NCCU Law Partnership Amid Trump Deal Fallout

Intel ended a partnership with North Carolina Central University’s law school aimed at developing a pipeline for diverse recruits through the university’s Technology Law and Policy Center. The first impact of a deal between chip manufacturer Intel and the Trump Administration, which some economists and conservatives have criticized as potentially affecting free enterprise, is the suspension of an existing partnership with North Carolina Central University’s law school aimed at developing a pipeline for diverse recruits through the university’s Technology Law and Policy Center. According to CBS News, Kevin Hassett, the director of the White House National Economic Council, indicated that this deal is

Delta to Pay $79M Over 2020 Jet Fuel Dump Near Schools

Written By Lexx Thornton Delta Air Lines has agreed to pay $79 million to settle a class-action lawsuit filed in 2020 after one of its airplanes that was experiencing engine trouble dumped its fuel over schoolyards and densely populated neighborhoods near Los Angeles.  The Delta jet had departed from Los Angeles to Shanghai on Jan. 14, 2020, when it needed to return to Los Angeles International Airport quickly. The Boeing 777-200 landed safely after circling back over Los Angeles while dumping 15,000 gallons of fuel to reach a safe landing weight.  Los Angeles County firefighters were called to schools in

Beyoncé Boosts Levi’s Sales with ‘Reiimagine’ Campaign

Written By Lexx Thornton Music icon Beyoncé was revealed as the new face of Levi’s last September when she appeared in an ad inspired by the hit 1985 Levi’s advert ‘Launderette.’ That was followed up in March with a sexy spot called Pool Hall. The ads formed part of an ongoing series, ‘Reiimagine,’ which has been powering a brand revival ever since.  According to Levi Strauss & Co.’s latest earnings update, the company generated $1.53b in sales for the first quarter, up 3% on a reported basis and 9% on an organic basis versus Q1 2024. The results exclude approximately

6th Grader Eniola Shokunbi Innovates Affordable Air Filter

Written by Lexx Thornton Eniola Shokunbi was in the fifth grade at Commodore MacDonough STEM Academy in Middletown, Connecticut, when her teacher tasked the class with creating a solution to future pandemic issues that might arise in schools, Shoppe Black reports.  Drawn to the need for better air quality due to the COVID-19 pandemic, Eniola set her sights on developing an air filter system. Utilizing a low-cost combination of furnace filters, a box fan, duct tape, and cardboard, Eniola was able to prototype her design for just $60 per unit, making it the most cost-effective alternative to commercial air purifiers. 

Maryland Offers Up to $5K Student Loan Debt Relief Credit

Written By Lexx Thornton Marylanders with student loans can get up to $5,000 in relief by applying for the Student Loan Debt Relief Tax Credit for the 2025 tax season.  Borrowers can apply for the tax credit through the Maryland Higher Education Commission through September 15. Most taxpayers who apply will get an average of $1,800, according to Director of Communications for the MHEC Kristin Clarkson.  To be eligible, you must be a Maryland taxpayer who has incurred at least $20,000 in undergraduate and/or graduate student loan debt and have at least $5,000 in outstanding debt at the time of

Kingsford & Morehouse Pass the Tongs to Future Leaders

Food is foundational to culture, it connects generations and brings people together. For American culture, that food is barbecue. Kingsford has been part of the barbecue culture for over a hundred years. To keep barbecue culture going strong, Kingsford has unveiled Pass The Tongs. It’s an initiative designed to highlight Black grilling traditions and empower the next generation of grillers. The initiative is part part of a larger mission around preserving tradition and setting up the next generation. Kingsford has long been focused on that mission, but specifically through the Preserve the Pit fellowship since 2021. It matched barbecue entrepreneurs with a

Delta, United Sued Over Charging Extra for Windowless Seats

Written By Lexx Thornton Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall.  Proposed class actions were filed against United in the San Francisco federal court and against Delta in Brooklyn, New York, federal court, seeking millions of dollars in damages for more than 1 million passengers at each carrier.  The complaints say some Boeing 737, Boeing 757, and Airbus A321 planes contain seats that would normally contain windows, but lack them because of

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