Deutsche Bank, the German-based, multi-national financial institution, is seeking to sever all its ties with President Donald Trump after years of negative publicity. The 150-year-old bank has approximately $340 million in outstanding loans to the president’s private company, The Trump Organization, three loans that will come due in two years. …
Read More »ESPN announces 300 layoffs, citing ‘disruption’ amid virus
ESPN announced Thursday it is laying off about 300 employees and cutting about 500 jobs from its global workforce. The cuts amount to about 10% of the employees at the sports network and are due largely to the impact of the pandemic on its business and the “tremendous disruption in …
Read More »751,000 seek US jobless benefits as virus hobbles economy
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic. A surge in viral cases and Congress’ failure so far to provide more aid for …
Read More »Older workers face higher unemployment amid virus pandemic
For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City. The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its …
Read More »Tia Mowry on expanding Anser brand and returning to ‘Family Reunion’ set: ‘I’m living in my purpose’
Tia Mowry is pictured in a promotional photo for Anser. (Credit: J Strutz) Fans may have been introduced to Tia Mowry as a young child star, but today the actress is redefining what it means to be a Hollywood success. The Sister, Sister alum, 42, has added author, business owner, …
Read More »Stocks are soaring, and most Black people are missing out
NEW YORK (AP) — Americans who own stocks are pulling further away from those who don’t, as Wall Street roars back to record heights while much of the economy struggles. And Black households are much more likely to be in that not-as-fortunate group that isn’t in the stock market. Only …
Read More »Marvin Sapp on new album, moving to Texas and dealing with pandemic at church
LOS ANGELES (AP) — Even though Marvin Sapp finished recording his new album before the coronavirus rocked the world, the gospel singer believes his prophetic message of enduring transition and change still resonates during the pandemic. Sapp says his songs about being fearless of the unknown was heavenly sent for …
Read More »Bounce TV’s Ryan Glover, Killer Mike and Andrew Young establish Black-owned digital bank
Rapper Killer Mike and Bounce TV founder and President Ryan Glover have joined forces to launch Greenwood, a new digital bank tailored to the Black and Latinx communities. Greenwood is a banking service that operates exclusively online, offering mobile deposits for checking and savings accounts, that seeks to support minority-owned …
Read More »Versace VP Salehe Bembury says he was profiled by police for ‘shopping at store I work for’
Versace VP Salehe Bembury was stopped by police in Beverly Hills at the very store he is employed and believes it was an instance of racial profiling. Bembury is the vice president of Sneakers and Men’s Footwear at Versace but two police officers stopped him as he left the brand’s …
Read More »Joshua Rashaad McFadden reflects on career, using photography as a tool for justice: ‘The work has to be done’
Joshua Rashaad McFadden is pictured in a self-portrait. (Credit: Joshua Rashaad McFadden/ @joshua_rashaad) Joshua Rashaad McFadden has been on the frontlines since the 2015 protests in Selma, Alabama but not in the traditional sense. With his photographic lens and empathetic artwork capturing the stories of Black America and hardships with …
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