HOPE (Hope Enterprise Corporation / Hope Credit Union) signaled its ongoing commitment to historically black colleges and universities (HBCUs) with a $15 million working capital loan to Talladega College to empower the college to restructure its balance sheet and bolster its long-term viability. The Talladega loan is the latest
By Jeanne Sahadi Racial and ethnic inequities exist in nearly every system of society. And when it comes to ways in which Americans typically build wealth, the US federal income tax code may be helping to increase those disparities. The code has been designed with the intention of being broadly progressive — meaning the less
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By Jazmin Goodwin This year, Equal Pay Day falls on March 24, a date that symbolizes how far into the year women must work to earn the same as men did in the previous year. The most recent estimates show women across the nation earned about 82 cents for every dollar earned by men, according
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By Tami Luhby and Katie Lobosco Millions of struggling Americans are already accessing the assistance from the Democrats’ $1.9 trillion relief packagethat President Joe Biden signed earlier this month — including stimulus payments and enhanced unemployment benefits. But not all the aid in the massive law will be available right away. In fact, eligible Americans
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By Anneken Tappe, CNN Business The US economy fared ever so slightly better in the fourth quarter of 2020 than initially thought. The nation’s gross domestic product grew at an annualized and seasonally adjusted rate of 4.1%, the Commerce Department reported in its second reading of the data on Thursday. That’s up from the annualized
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By Zachary B. Wolf, CNN House Democrats have included a minimum wage hike in their latest Covid relief bill, although opposition among some Senate Democrats means it is not at all clear they will have the votes to pass it. Improving worker pay is unrelated in that raising the minimum wage has long been a
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