Business - Page 21

Why Millennials Are Leading the Polyworking Revolution

Written By Lexx Thornton A millennial is someone born between 1981 and 1996, also known as Generation Y. This generation is characterized by their growth during the rise of the internet and digital technology. Millennials are increasingly polyworking—working multiple jobs or income streams at once—for several interrelated economic, cultural, and technological reasons.   The economic pressures that millennials are facing are a possible #1 reason polyworking is the norm for their generation. Despite rising living costs, especially in housing, healthcare, and education, wages for many have remained relatively flat. Millennials also carry significant student loan debt, pushing many to seek extra

Africa’s Real Estate Market Set to Hit $21 Trillion by 2029

Written By Lexx Thornton As children, when we are in school and taught about Africa, we are taught that it is the motherland. The unstable motherland, the unhealthy motherland, the poor and starving motherland. As we have grown and uncovered history we find out that what we were taught isn’t100% accurate. Africa is rich in a wide range of natural resources, biodiversity, cultural heritage,and human potential. Even countries in Africa such as Dubai is the top global gold trading hub and has a GDP of about USD 140 billion. Africa’s real estate market is a dynamic and growing sector, with

Trump’s Tariff Delay May Impact Black Jobs and Economy

Written By Lexx Thornton President Donald Trump stated Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the threatened levies. Trump said he and European Commission President Ursula von der Leyen had a “very nice call” that led to the delay. But what does this mean for the African American community?   Delaying tariffs can affect the Black community in the U.S. in both direct and indirect ways, depending on the type of goods

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

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