Business - Page 3

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.

WNBA & Mielle Launch HBCU Intern Program at All-Star 2025

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The Women’s National Basketball Association (WNBA) and Mielle, one of the fastest-growing Black-founded and women-led beauty brands, announced today an expansion of their third-year partnership to include a new Historically Black Colleges and Universities (HBCU) initiative. At the start of the 2023 season, Mielle made history as the first “Official Textured Hair Care Partner” of the WNBA and will continue to serve in that capacity and as an Official Marketing Partner. The WNBA and Mielle will launch the HBCU Event Intern Program at the AT&T WNBA All-Star 2025, which is a one-of-a-kind event internship experience that provides career development opportunities

Tariffs Fuel Rise in Secondhand Shopping, Experts Say

By Rachel Treisman Amid tariffs, trade wars and general economic uncertainty, many Americans are thinking extra carefully about how to spend and save their money. Consumer confidence tumbled in March, with the Conference Board’s Expectations Index — based on consumers’ short-term outlook on business, income and the labor market — dropping to 65.2 out of 100, the lowest in 12 years. And that was before President Trump announced a new round of sweeping tariffs, prompting retaliatory taxes from multiple countries — including China and the European Union — and fueling concerns about a possible recession. While he announced a 90-day delay this week, a 10%

Trump Tariffs Threaten Black Small Businesses’ Survival

By Gerren Keith Gaynor President Donald Trump‘s Wednesday announcement of soaring reciprocal tariffs on U.S. imports has resulted in a slump in global markets and serious concerns among investors and consumers alike. The concerns are particularly felt by Black small businesses. “I’m concerned as to whether we’ll be able to survive this,” said Gladys Harrison, owner of Big Mama’s Kitchen & Catering in Omaha, Nebraska. Harrison told theGrio that despite opening the soul food eatery’s doors during the 2007 financial crisis and enduring the challenges of the 2020 coronavirus pandemic, “Food prices were very reasonable.” She explained, “We could provide

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