Business - Page 16

FICO Empowers HBCU Students to Combat AI Bias in Finance

By Dr. Deborah Bailey The Fair Isaac Corporation, or FICO, is one of America’s leading credit reporting agencies. Now, the company has developed a partnership with historically Black colleges and universities (HBCUs) with a goal of getting more Black students to consider a career in data analytics. FICO has partnered with several HBCUs through its Educational Analytics Challenge to train Black students in analyzing AI data sets and addressing bias in credit and fraud detection systems. The initiative equips students with real-world skills to improve fairness in financial decisions that disproportionately affect Black communities. Credit: Nappy.co/ antoinedigital FICO uses data

2025 earnings will be worse than expected as high medical costs challenges insurers

Written By Lexx Thornton UnitedHealth Group on Tuesday issued a 2025 outlook that fell short of Wall Street’s expectations, as the company’s insurance unit continues to grapple with higher medical costs.  Shares of UnitedHealth Group fell more than 3% in premarket trading on Tuesday.   The company anticipates it will post 2025 adjusted earnings of at least $16 per share, with revenue of $445.5 billion to $448 billion. Wall Street analysts had expected 2025 adjusted profit of $20.91 per share, and full-year revenue of $449.16 billion, according to consensus estimates from LSEG.   The stock tumbled in May after the company suspended

Stock futures rise as U.S.-EU trade deal kicks off a hectic week for markets

By Tanaya Macheel U.S. equity futures rose early Monday as Wall Street prepared for an especially busy week that’ll bring earnings from several major tech companies, a key Federal Reserve meeting, President Donald Trump’s Aug. 1 tariff deadline and key inflation data. Futures tied to the Dow Jones Industrial Average climbed 117 points, or 0.26%. S&P 500 futures were 0.32% higher and Nasdaq 100 futures added 0.5%. The move comes after Trump announced Sunday that the U.S. has reached an agreement with the European Union to lower tariffs to 15%. The president had previously threatened 30% tariffs on most imported goods from the U.S.’s largest trading

Three Huge Organizations Team Up To Help Increase NYC’s Economy

Written By Lexx Thornton Roc Nation, the full-service entertainment agency founded by JAY-Z, will be the official entertainment partner of SL Green and Caesars Entertainment in their bid for a new, state-of-the-art gaming facility at 1515 Broadway in Times Square. The partnership brings together three best-in-class organizations – New York’s largest owner of office properties, the nation’s leading gaming company, and the world’s preeminent entertainment company – to deliver a crucial plan for the world’s top tourist destination. As a partner in the project, Roc Nation will help revitalize Times Square by partnering with neighborhood organizations to re-imagine programming in

Trump reaches agreement with E.U. to impose 15% tariff, with exceptions for key industries

By Steve Kopack President Donald Trump on Sunday announced a trade agreement with the European Union that would set tariffs at 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner. The tariff rate is a reduction from the 30% that Trump threatened on July 12 and the 20% he said he would impose on April 2. Announcing the agreement, Trump said the E.U. will not impose a tariff on U.S. imports. He added this agreement was “satisfactory to both sides.” Potentially more tariffs on the way European Commission President Ursula von der Leyen said Sunday alongside

Edward Waters to Give iPads to All First-Time Freshmen

Courtesy of Edward Waters University Edward Waters University (EWU) is making headlines this fall with an ambitious new initiative designed to eliminate technology barriers for its incoming students. Starting with the Fall 2025 semester, every first-time college freshman will receive a complimentary 11-inch Apple iPad equipped with a comprehensive four-year AppleCare+ subscription. The program, announced earlier this week by the university’s president, A. Zachary Faison, represents a significant investment in digital equity at Florida’s first historically black college and university (HBCU), positioning EWU at the forefront of educational technology integration among minority-serving institutions. “We’re not just preparing students for college—we’re

U.S. Treasury Now Accepts Venmo to Pay National Debt

Written by Lexx Thornton The federal government will accept Venmo payments from citizens who wish to contribute to paying off the national debt. The Treasury has begun accepting Venmo transactions as contributions toward the national debt, which currently stands at $36 trillion. The United States national debt surpassed $34 trillion in 2024, raising ongoing questions about deficit spending and fiscal policy. Amid these concerns, the U.S. Treasury has expanded citizens’ options for making voluntary payments to reduce the public debt, including digital payment methods such as Venmo.   This adaptation signals a shift toward digital-first government services and highlights efforts to

Skydance’s $8B Paramount Deal Approved by Trump FCC

By Rob Wile Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks. The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release that the move would bring change to the company’s news coverage. Paramount owns CBS, which includes CBS News. “Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It is time for a change,” Carr said. “That is why

Uber Launches Women-Only Ride Option in U.S. Pilot

Written By Lexx Thornton Uber announced a “Women’s Preferences” feature on Wednesday that would allow women riders and drivers in the U.S. to be connected only with other women for their trips through the ride-sharing service. The pilot program will begin in the next few weeks in Los Angeles, San Francisco, and Detroit. The company does not yet have a launch date for other U.S. cities.   “Across the US, women riders and drivers have told us they want the option to be matched with other women on trips,” the company said in a press release. “We’ve heard them—and now we’re

GM Profits Drop $1B as Tariffs Hit U.S. Auto Industry Hard

Written By Lexx Thornton The largest American automaker is feeling the sting of tariffs. On Tuesday, General Motors reported a more than $1 billion drop in its second quarter profits compared to a year ago. The company attributes the fall in part to tariffs and says the worst impacts may still be ahead. President Donald Trump’s 25% tariffs on foreign-made vehicles and certain car parts remain in effect, and broader country-specific tariffs are scheduled to take effect on August 1st. So far, automakers have eaten the costs of tariffs. But that won’t last forever, says Sam Fiorani,the vice president at

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