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Goldman Sachs Financial Group Commits $10 Billion in Investment Capital to Impact One Million Black Women
BusinessEconomyFinance

Goldman Sachs Financial Group Commits $10 Billion in Investment Capital to Impact One Million Black Women

Betti Halsell Contributing WriterMarch 18, 2021

The Goldman Sachs joined roundtables that focused on the barriers Black women face as entrepreneurs, and how targeted investments can work as a bridge to equality. Their compass in navigating through directive comes from Goldman’s relationships with sororities such as Delta Sigma Theta Inc., Alpha Kappa Alpha Inc., Zeta Phi Beta Inc., and Sigma Gamma Rho S Inc., and Black women’s organizations, such as the National Council of Negro Women, Black Women’s Roundtable, the National Coalition on Black Civic Participation, Power Rising, Walker’s Legacy Foundation, The Links, Inc., and the Sistahs in Business Expo.

If you own a business, you’ve only got days left to apply for a Paycheck Protection loan
BusinessFinance

If you own a business, you’ve only got days left to apply for a Paycheck Protection loan

Jennifer Roberts, CEO, Chase Business Banking and Sean ‘Diddy’ Combs, Founder, Our Fair Share, entrepreneur and media mogulMarch 11, 2021

In just four months last year, more than 5 million U.S. businesses received a Paycheck Protection Program (PPP) loan. That helped them pay their workers, their mortgage or rent, and their utility bills. Unfortunately, many small businesses owned by minorities, women and veterans didn’t get PPP loans last year. We want to make sure you know how to apply for the funding your business really needs.

Morgan State Alum Dropped Out, Drove for UPS, Presents University with $20 Million Endowment
EducationFinanceNationalNews

Morgan State Alum Dropped Out, Drove for UPS, Presents University with $20 Million Endowment

Stacy M. Brown NNPA Newswire Senior National CorrespondentMarch 4, 2021

“Morgan is so proud to call this son and daughter of the great City of Baltimore our own, and through their historic giving, the doors of higher education will most certainly be kept open for generations of aspiring leaders whose financial shortfalls may have kept them from realizing their academic dreams,” David K. Wilson, president of Morgan State University, stated in the release.

Wells Fargo Invests in Six Black-Owned Banks
BusinessFinance

Wells Fargo Invests in Six Black-Owned Banks

Sentinel News ServiceFebruary 18, 2021

Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks.

Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
BusinessEconomyFinanceNews (Business)

Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock

Stacy M. Brown NNPA Newswire Senior National CorrespondentFebruary 11, 2021

The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result.

Biden Administration in Push to Put Harriet Tubman on $20 Bill
EconomyFinanceNationalNewsNews (Business)

Biden Administration in Push to Put Harriet Tubman on $20 Bill

Stacy M. Brown NNPA Newswire Senior National CorrespondentFebruary 4, 2021

In April 2016, then-President Barack Obama announced that Tubman would replace Andrew Jackson on the $20 bill. Obama wanted the release of the new bill to coincide with the 100th anniversary of the passage of the 19th amendment in 2020 that gave women the right to vote. However, Trump had expressed an affinity toward Confederate figures and sang the praises of Andrew Jackson, claiming that he had led the U.S. to great success during his two-terms in office from 1829 to 1837.

SC-VBC PROVIDES ONLINE RESOURCES AND COURSES FOR ENTREPREUNERS
BusinessEconomyEducationFinanceLocal

SC-VBC PROVIDES ONLINE RESOURCES AND COURSES FOR ENTREPREUNERS

Bertram Keller, Contributing WriterDecember 17, 2020

The Southern California Virtual Business Center (SC-VBC) is an online facility designed to prepare business owners to scale and grow through the emphasis of corporate and government contracts. The SC-VBC hosts different programs for entrepreneurs at different stages of their business, through the program’s curriculum, resources, and mentorships.

CASA DE ROSAS in SOUTH LOS ANGELES – COMING SOON
FinanceLifestyleLocalNewsNews (Family)PoliticalReal Estate

CASA DE ROSAS in SOUTH LOS ANGELES – COMING SOON

Special to the SentinelNovember 26, 2020

Strategically placed in the Ninth Council District in the City of Los Angeles is an historic campus of buildings, known since 1895 as Casa De Rosas.  At a time when Councilman Curren Price, the proud public servant of the New Ninth is working tirelessly to increase the availability of affordable housing we can all be very excited that Casa De Rosas’ transformation to a home for 36 single parent Veteran families with a child. 

Student Loan Debt Widens Racial Wealth Gap
FinanceNews

Student Loan Debt Widens Racial Wealth Gap

Stacy M. Brown, NNPA Newswire Senior National CorrespondentNovember 26, 2020

With the freeze placed on student loan repayments set to end December 31, Biden has gotten behind the Democrat-led House’s HEROES Act, which calls on the federal government to pay off up to $10,000 in private, nonfederal student loans for economically distressed borrowers. “People having to make choices between paying their student loan and paying the rent … debt relief should be done immediately,” Biden stated during a news conference on Monday, November 16.