Business - Page 20

US Mint Penny Production Ceases: Cost-Saving Move

By Lexx Thornton U.S. Mint is moving forward with plans to completely cancel penny production. This move comes as the cost of making pennies has increased markedly, by upward of 20% in 2024, according to the Treasury. By stopping the penny’s production, the Treasury expects an immediate annual savings of $56 million in reduced material costs, according to the official, who was not authorized to discuss the matter publicly and spoke on condition of anonymity to preview the news.   In February, President Donald Trump announced that he had ordered his administration to cease production of the 1-cent coin.   “For far

Examining Impact of DEI Rollback on Target Revenue

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Examining Impact of DEI Rollback on Target Revenue Trends Q1, this article shows how DEI pullbacks and boycotts drove a $680M drop in Q1 sales. Target sales have dropped drastically, more than analysts predicted in their first quarter. The company expects sales to continue to decline throughout the remainder of the year. Shoppers have been pulling back due to concerns about tariffs and the broader economy. However, that can’t be the only reason for the company’s sales to be down $680 million in the first quarter. DEI pullbacks and boycotts are responsible for the major decline.  Identifying the Key Factors

EV Charging Stations Boost Local Economies and Job Growth

By Lexx Thornton EV charging (Electric Vehicle charging) is the process of supplying electric power to recharge the battery of an electric vehicle (EV), similar to how you’d refuel a gas-powered car—but with electricity instead of gasoline or diesel. Car charging stations at colleges and universities can help improve the economy in several meaningful ways, both locally and nationally. Some of the different ways car charging stations can help improve the economy are by creating jobs and workforce development. There would be business growth and development along with other environmental and energy benefits. Community and economic development would increase, as

Venezuelan TPS Termination Spurs Economic and Legal Fallout

Written By Lexx Thornton The U.S. Supreme Court allowed Donald Trump’s administration to strip about 350,000 Venezuelans living in the United States of a temporary protected status given under his predecessor Joe Biden, as the Republican president moves to ramp up deportations as part of his hardline approach to immigration. The court granted the Justice Department’s request to lift SanFrancisco-based U.S. District Judge Edward Chen’s order that had halted Homeland Security Secretary Kristi Noem’s decision to terminate the deportation protection conferred toVenezuelans under the temporary protected status, or TPS, program. President Donald Trump’sproposed mass deportation planscould impose significant economic costs

Side hustles emerging black success in America & Africa

By Lexx Thornton Side hustles have always come in handy since the beginning of time. They serve as both financial support and create a creatives pace for entrepreneurial outlets. However, due to historical and systemic economic disparities, side hustles in the Black community often carry added significance, such as reclaiming economic independence, building generational wealth, and supporting communal resilience. Side hustles can branch out into creative & cultural entrepreneurship, they can be service-based, online & digital, as well as financial empowerment and community-oriented ventures. A few modern-day side-hustle opportunities that fuel black success in America are freelance writing and content

Apple boosts India’s factory hopes – but a US-China deal could derail plans

By Nikhil Inamdar Just as India showed flickers of progress toward its long-held dream of becoming the world’s factory, Washington and Beijing announced a trade “reset” that could derail Delhi’s ambitions to replace China as the global manufacturing hub. Last week, Trump’s tariffs on China dropped overnight – from 145% to 30%, vs 27% for India – as the two sides thrashed out an agreement in Switzerland. As a result, there’s a chance manufacturing investment that was moving from China to India could either “stall” or “head back”, feels Ajay Srivastava of the Delhi-based think tank, Global Trade Research Institute

Fed Keeps Rates Steady Despite Pressure from Trump

By Max Zahn The Federal Reserve held interest rates steady on Wednesday, just weeks after President Donald Trump intensified calls for lower borrowing costs and voiced eagerness about the potential “termination” of Fed Chair Jerome Powell. In recent days, Trump has dialed back his attacks on Powell, saying he will not fire Powell before the end of the top central banker’s term next year. Trump has reiterated his displeasure with the level of interest rates, however, urging the central bank to lower them. Speaking at a press conference in Washington, D.C., on Wednesday, Powell said the economy remains in “solid shape” but warned Trump’s

HBCU CARES appoints Dr. Brittany A. Holloman as executive director

HBCU CARES, a leading coalition committed to advancing the impact and innovation of Historically Black Colleges, Community Colleges, and Universities across Alabama, proudly announces the appointment of Dr. Brittany A. Holloman as its new Executive Director. Dr. Holloman brings over a decade of leadership in higher education. She most recently served as Chief of Staff at Allen University in Columbia, South Carolina, where she acted as senior advisor to the president, led key presidential initiatives, coordinated campus and community-wide strategic projects, and served as the university’s UNCF Transformation Officer. Her career also includes senior roles at Alabama A&M University and

Eric Austin Elevates HBCU Pride in Global Brand Marketing

Eric Austin, a proud alumnus of Tennessee State University, is a dynamic force behind the global marketing and media initiatives of some of the top body care brands. For the past 25 years, he has been a pioneering voice for branding notable brands such as Pantene, Head & Shoulders, and Olay, among others. As vice president and marketing innovator at Procter & Gamble, Austin’s influence can be seen at all of these world-renowned companies within P&G’s portfolio. However, his success was not built overnight. He looks to his HBCU alma mater for shaping his vision and sharpening the skills he

Fizz Partners with Breakthrough Ventures to Connect Aspiring Founders at HBCUs with Capital and Mentorship

Fizz, the social media platform created by Gen Z for Gen Z to form authentic digital communities, today announces a new partnership with Breakthrough Ventures, a startup accelerator for young early-stage student founders. Fizz will provide Breakthrough Ventures with advertising credits to promote the accelerator on its platform. Through Fizz, Breakthrough will recruit founders to apply for its next cohort, with a focus on reaching aspiring entrepreneurs at historically Black colleges and universities (HBCUs). Gen Z isn’t waiting until graduation to start company building. Across college campuses, students are turning ideas into businesses. Fizz co-founders Teddy Solomon and Ashton Cofer are first-hand examples.

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