Business - Page 6

Bayou Classic Showcases HBCU Spirit and Rising Entrepreneurs”

Bayou Classic is filling New Orleans with energy and tradition, and before the big band showdown, the spotlight was on rising HBCU entrepreneurs. NEW ORLEANS — Tens of thousands of fans are flooding into New Orleans for Bayou Classic weekend — a celebration known for its rivalry, tradition, and world-class marching bands. But before Southern and Grambling take center field, this year’s events also spotlighted the next generation of HBCU entrepreneurs and the small businesses that thrive during the annual festivities. Students compete in inaugural Bayou Business Bowl Friday morning at the Hyatt Regency, the inaugural Bayou Business Bowl brought

Shonda Rhimes Donates $1.5M to Preserve Emmett Till Barn

Written By Lexx Thornton In a monumental act of philanthropy aimed at preserving one of the most painful yet pivotal sites in American Civil Rights history, television producer and writer Shonda Rhimes has donated $1.5 million to the Emmett Till Interpretive Center (ETIC). This transformative gift enabled the ETIC to successfully purchase and protect the Mississippi barn where 14-year-old Emmett Till was brutally tortured and murdered in 1955.  The acquisition of the barn, located outside of Drew, Mississippi, ensures that this sacred ground will be permanently preserved as a memorial site, preventing it from being exploited by private speculators or

Airbus Cuts 2025 Jet Deliveries but Keeps Profit Outlook

By Dimitri Rhodes and Tim Hepher  Airbus cut its full-year commercial delivery target by 4% to around 790 jets on Wednesday but maintained its financial goals, sending its shares bouncing higher as the European planemaker cleared the air over its latest industrial setback.  The decision to act came a day after CEO Guillaume Faury confirmed “weak” November deliveries due to a fuselage quality problem and told Reuters that Airbus would decide on the impact for the rest of the year “in the hours and days” to come.  Airbus shares rose more than 3%, after falling nearly 7% over the past

Why High Earners Still Drown in Debt—and How to Break Free”

Written By Lexx Thornton It’s often assumed that a high income guarantees financial security. However, a surprising 62% of Americans earning over $300,000 annually struggle with credit card debt. This reveals that financial health is about managing spending, not just the size of the paycheck.   The primary culprits are lifestyle creep and the ease of high-limit credit access:  Lifestyle Creep: As income rises, non-essential spending (e.g., luxury cars, large homes, high-end travel) grows with it, often outpacing earnings. The desire to maintain a high standard of living or “keep up” justifies excessive costs.  The Credit Trap: High earners easily secure

Costco Sues Trump Administration Over IEEPA Tariffs

By Steve Kopack and Gary Grumbach Costco Wholesale has sued the Trump administration, asking the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act unlawful. The company said in a filing Friday that it is seeking a “full refund” of all duties under the act paid as a result of President Donald Trump’s executive order that imposed what he called “reciprocal” tariffs. “Because IEEPA does not clearly authorize the President to set tariffs … the Challenged Tariff Orders cannot stand and the defendants are not authorized to implement and collect them,” Costco’s lawyer writes in the

Fulton County Proposes Tax Hike to Fund Jail Consent Decree

Written By Lexx Thornton Fulton County residents, including many in Atlanta, are facing the prospect of a property tax increase as the County Commission seeks to secure funding for court-mandated improvements to the dilapidated Fulton County Jail facility on Rice Street. The proposed budget for the upcoming fiscal year includes a specific tax hike designed to raise nearly $32 million to cover mounting costs related to a federal consent decree.  The need for the funds stems directly from a 2023 U.S. Department of Justice (DOJ) investigation, which found conditions at the jail to be “abhorrent” and unconstitutional, leading to a

TSA Proposes $18 Fee for Travelers Without REAL ID

Written by Lexx Thornton The Transportation Security Administration (TSA) has announced a proposed rule that would charge a non-refundable $18 fee to domestic travelers who arrive at airport checkpoints without an acceptable form of identification (AFOID), such as a REAL ID-compliant driver’s license or a U.S. passport.  The proposed fee is intended to cover the costs associated with a new, “modernized alternative identity verification program” that the agency plans to implement for non-compliant travelers. This move is the latest development in the long-running process of REAL ID enforcement, which officially began in May 2025.  The $18 fee is designed to

U.S. Job Gains Rise but Unemployment Hits Four-Year High

Written By Lexx Thornton The U.S. labor market presented a confusing picture in September, according to the latest data from the Bureau of Labor Statistics (BLS). While the economy added an unexpectedly strong 119,000 non farm payroll jobs, the unemployment rate paradoxically edged up to 4.4%—its highest level in nearly four years.  This mixed data paints an uneven picture of the labor market’s health, challenging the Federal Reserve and economists as they seek to understand the underlying momentum of the U.S. economy.  The counterintuitive increase in the unemployment rate alongside job gains can be traced to one major factor: a

Johns Hopkins Expands Tuition-Free Aid for Students 2026

Written By Lexx Thornton Johns Hopkins University (JHU) has unveiled a significant expansion of its financial aid policy, establishing a tuition-free undergraduate education for students from families earning up to $200,000 annually. The sweeping change, which applies to undergraduates at JHU’s Homewood campus, is set to go into effect for current eligible students in the spring 2026 semester and for new, incoming students starting the 2026–2027 academic year.  This new commitment, backed in part by the transformational 2018 gift from alumnus Michael R. Bloomberg and continued successful fundraising, aims to ensure that socioeconomic status is never a barrier to attending

NVIDIA Expands AI Partnership With Howard at GTC Student Event

By Adriana Fraser This week, tech company NVIDIA hosted its GTC Student Experience event at Howard University, and representatives provided the campus community with insight into how the tech entity is revolutionizing and advancing AI with its HBCUs partnerships.  During the Oct. 27-29 NVIDIA GTC Washington, D.C., the company organized a two-day event on Howard’s campus. Students received free gear from the exclusive NVIDIA Gear Store truck Oct. 27. The broader campus community was invited to take part in a day-long NVIDIA-sponsored event Oct. 28 that included the “How to Accelerate Your Career in AI” panel discussion featuring Howard faculty, alumni, and representatives

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