News (Business)

DC weighs layoffs and other cuts as House Republicans leave the city budget in limbo

By GARY FIELDS and ASHRAF KHALIL Associated Press WASHINGTON (AP) — Washington Mayor Muriel Bowser tried to keep the focus on a groundbreaking ceremony for a new mixed-used development. But she couldn’t help fielding a string of questions about the budget crisis hanging over the nation’s capital city. Asked Monday about the risk of layoffs and furloughs, she said: “We’re hoping that we don’t get to that stage. If it comes to that, I can assure employees that they will be treated fairly … and I want to emphasize to them that this is not something that the D.C. government

Al Sharpton calls meeting with Target’s CEO amid DEI backlash ‘very constructive and candid’

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Target’s chief executive officer met Thursday with the Rev. Al Sharpton, whose civil rights organization has encouraged consumers to avoid U.S. retailers that scaled back their diversity, equity and inclusion initiatives. Sharpton called the meeting with Target CEO Brian Cornell “very constructive and candid,” according to an update from his National Action Network. Two other NAN representatives, National Board Chair Dr. W. Franklyn Richardson and Senior Advisor Carra Wallace, also attended the meeting at the organization’s New York headquarters. “I am going to inform our allies, including Rev. Dr. Jamal

Smithsonian African American Museum Director Placed on Leave

By Stacy M. Brown BlackPressUSA.com Senior National Correspondent Kevin Young, the director of the National Museum of African American History and Culture (NMAAHC), is currently on personal leave and not leading the museum, according to Smithsonian officials. The leave began on March 14 and will continue for an “undetermined period,” according to Kevin Gover, the Smithsonian’s under-secretary for museums and culture. Shanita Brackett, the museum’s associate director of operations, has stepped in as acting director. Young has served as director since January 2021, succeeding Lonnie G. Bunch III after Bunch became Secretary of the Smithsonian. Under Young’s leadership, the museum

Fighting to Keep Blackness

A group of African American people protest racial injustice. Photo courtesy of NNPA By April Ryan As this nation observes the 60th anniversary of Bloody Sunday in Selma, Alabama, the words of President Trump reverberate. “This country will be WOKE no longer”, an emboldened Trump offered during his speech to a joint session of Congress Tuesday night. Since then, Alabama Congresswoman Terri Sewell posted on the social media platform formerly known as Twitter this morning that “Elon Musk and his DOGE bros have ordered GSA to sell off the site of the historic Freedom Riders Museum in Montgomery.” Her post

TARGET TAKES A HIT: $12.4 BILLION WIPED OUT

by Rev. Mark Thompson Target Corporation’s stock plummeted by approximately $27.27 per share by the end of February, erasing about $12.4 billion in market value. The drop came on February 28, the designated economic blackout day, and coincided with mounting backlash over the retailer’s decision to abandon its diversity, equity, and inclusion (DEI) commitments. The National Newspaper Publishers Association (NNPA) has taken action through its Public Education and Selective Buying Campaign. NNPA President and CEO Dr. Benjamin F. Chavis Jr. said, “Black consumers helped build Target into a retail giant, and now they are making their voices heard. If corporations

Darin Jones Shares Some Entertainment Business Management Advice

Darin Jones is a Century City based senior business manager with Gelfand Rennert and Feldman, LLC. Jones has 17 years of experience in accounting, and he specializes in entertainment business management. With an extensive background in city government, banking, and real estate, Jones was driven to entertainment business management out of concern for how Black entertainers incorrectly manage their wealth. “I saw how celebrities mismanaged their funds – particularly minority entertainers,” said Jones. “I wanted get out there and help them manage their finances, their investments, managing their books – managing their lifestyles.” Jones likened what he does to being

LadyLike Foundation Presents 15th Annual Women of Excellence Awards

South Carolina Gamecocks Coach Dawn Staley, Los Angeles Dodgers Foundation CEO Nichol T. Whiteman, and Beautyblender founder Rea Ann Silva will be honored at the LadyLike Foundation’s 15th Annual Women of Excellence Awards Luncheon and fashion show on Saturday, June 1, 11 a.m., at the Beverly Hilton Hotel.