Black Enterprise - Money

Blacks Lag Whites in Finding Good J...

Blacks Lag Whites in Finding Good Jobs, Building Wealth In Slowing Labor Market

acks continue to lag behind whites in finding good jobs that are high-paying and in accumulating wealth due to a series of systemic obstacles
4 Financial New Year?s Resolutions ...

4 Financial New Year?s Resolutions to Avoid Making

Planning for 2020? Here are four financial New Year's resolutions you should avoid.
Harlem Capital Closes $40 Million I...

Harlem Capital Closes $40 Million Inaugural Fund

Harlem Capital and its leadership have been recognized on the Forbes 30 Under 30, Inc. 30 Under 30, The Root 100, and EBONY Power 100 lists.
What Is Kevin Hart?s Net Worth?

What Is Kevin Hart?s Net Worth?

Kevin Hart is one of the most highly paid comedians. He earned $60 million between June 2018 and June 2019 and is reportedly worth $200 million.
What Is Tiger Woods? Net Worth?

What Is Tiger Woods? Net Worth?

Tiger Woods is one of the most celebrated professional golfers in history. He is also the richest. Here's how he's amassed a $760 million net worth.
What Is Drake?s Net Worth?

What Is Drake?s Net Worth?

Drake reportedly has a net worth of $150 million thanks to several businesses that help propel his cash flow above his music recordings and shows.

Nassau Guardian

IMF projects 1.75% growth in 2017, ...

IMF projects 1.75% growth in 2017, 2.5% in 2018

The Executive Board of the International Monetary Fund (IMF) projected in its Article IV consultation with The Bahamas that this country's real GDP (gross domestic product) growth will pick up to 1.75 percent in 2017 and to 2.5 percent in 2018, driven in part by a strong U.S. economy, the phased opening of Baha Mar and related construction activity.

The IMF added that post-hurricane reconstruction following Hurricane Matthew last year and an uptick in foreign direct investment-financed projects, should also support The Bahamas' economic recovery. "However, medium-term growth would remain low, reflecting significant structural bottlenecks," the IMF executive board's opinion stated.

"Economic activity remained weak in 2016. Hurricane Matthew, which hit The Bahamas in October last year, significantly impacted tourism activity in 2016 and early 2017. However, completion of the mega-resort, Baha Mar, and post-hurricane reconstruction activity provided a boost to job creation, with the unemployment rate declining to 9.9 percent in May 2017 (down from 11.6 percent in November 2016).

"The opening of Baha Mar in April increased employment further by creating 2,000 new jobs in the three months to July. Inflation remains low and stable.

"Executive directors welcomed the expected pick-up in near?term growth, driven by a stronger U.S. economy and the phased opening of Baha Mar.

"However, they noted that the economy continues to face significant challenges, including from structural bottlenecks and rising public debt."

The IMF directors, however, were receptive to the government's promise of, and strong commitment to, fiscal discipline.

"Continued strong fiscal consolidation and monetary and financial sector policies, as well as deeper structural reforms are necessary to generate stronger growth, improve competitiveness, tackle unemployment and enhance resilience to natural disasters," the directors' consultation statement said.

The IMF, in the statement, "expressed solidarity" with The Bahamas and other countries that are grappling with the impacts of Hurricane Irma.

The IMF also warned against the Bank of The Bahamas (BOB) debacle getting out of hand. The IMF underscored that "finding a permanent solution for Bank of The Bahamas is necessary to reduce fiscal contingencies".

The bank recently shed some bad loans from its portfolio in an effort to improve its position on paper. The bank sold $166 million of toxic loans to a special purpose vehicle that will attempt to liquidate the assets.

Meantime, IMF directors "called for a faster resolution of nonperforming loans to strengthen financial stability and support economic recovery".

Building code one of the most ?stru...

Building code one of the most ?structurally sound and robust? in region, says Sands

President of the Bahamian Contractors? Association (BCA) Leonard Sands asserted that The Bahamas? building code is one of the most ?structurally sound and robust? codes in the Caribbean.

His comments came after Prime Minister Dr. Hubert Minnis asked Minister of Public Works Desmond Bannister to fully review The Bahamas? building code, lamenting that many homes as well as government buildings have not been built to code.

Minnis, in the wake of widespread destruction by Hurricane Irma in the southern Bahamas, has decided to tighten the country?s building code if need be, in order to ensure buildings will be able to withstand the destructive forces of Category 5 hurricanes.

Speaking with Guardian Business recently, Sands insisted that the country?s building code is ?rigid? and also set the standard for construction in other countries.

?It is no secret that after Hurricane Andrew, what happened in Miami-Dade County and other counties in Florida is they looked at The Bahamas? building code and adopted much of their residential and commercial wind load impact on what we already had in place,? he said.

However, Sands did acknowledge that the building code has room for improvement.

?The way that it could be improved is in the dynamics of how we use planning to direct not only our homeowners, but persons who have buildings,? he explained.

?For what is going to be built, I have full confidence in the structure and integrity of The Bahamas? building code, and engineers in this country (local/foreign) would agree we have a very fine building code to withstand hurricanes.

?I think, rather, the challenge we have is? how well thought-out the approach is to properly police and enforce the building code standards.

?You have to imagine, we are a centralized country; all of our resources really are in New Providence.

?It is almost impossible, without an army of inspectors or a regimented strict program, to ensure that every structure that is built adheres to this robust and firm building code.?

Sands agreed that Family Islands ?absolutely? do not get as much attention as New Providence or Grand Bahama in terms of inspecting adherence to the building code.

IMF recommends lower wage bill, sel...

IMF recommends lower wage bill, self-sustaining public corporations

The International Monetary Fund (IMF) Executive Board, in its consultation with The Bahamas, recommended the country, as a top priority, restore fiscal sustainability by cutting current expenditures. The government's wage bill was a top focus for the organization, as well as making public corporations self-sustaining, which has been a continuing issue for the government of The Bahamas.

The IMF, in a summary paper released last week, lauded the government's move to tighten up on government spending and waste. In its latest executive board paper, the IMF encouraged the government to ?adhere to their fiscal consolidation plan to reduce the public debt burden and strengthen external buffers".

It also underscored that ?reforming the National Insurance Board and the civil servants? pension system should support fiscal adjustment and reduce long?term fiscal risks?.

The statement added, "Directors commended the authorities? efforts to strengthen fiscal revenues."

The IMF continued with its suggestion that The Bahamas introduce a low rate income tax over the medium?term. The organization insists this would "help make the system more progressive and protect the needed infrastructure and social spending".

However, Minister of Finance and Deputy Prime Minister Peter Turnquest said the government had no plan to introduce a new tax in The Bahamas, but would look at the IMF's suggestion. He said the government was under no obligation to adhere to the IMF?s suggestions.

IMF directors cautioned the government against introducing exemptions from value-added tax (VAT) and "instead recommended taking advantage of the planned expenditure review to create space for better targeted tools to protect vulnerable households".

Since coming to power in May, the government has taken a strong stance for the improved collection of taxes with a focus on efficiency and reform. It is likely the government will continue to place its focus on VAT collection.

"Directors noted that adopting a fiscal rule, as part of a medium?term fiscal framework, should enhance fiscal discipline," the IMF Executive Board stated.

"To further strengthen fiscal and economic resilience, directors also recommended integrating into the fiscal framework a well?designed savings arrangement as an additional buffer against recurring natural disaster shocks."

Moree: Need to rationalize current...

Moree: Need to rationalize current tax regime before new tax

Senior Partner at McKinney Bancroft & Hughes Brian Moree indicated that there is still a lot of work to be done with The Bahamas? current tax regime before considering a new tax such as an income tax.

Moree?s comments were in response to the International Monetary Fund?s (IMF) suggestion that The Bahamas implement a low rate income tax in an effort to ?strengthen revenue?. The IMF suggested that The Bahamas implement the system while reducing import duties.

Speaking with Guardian Business yesterday, Moree said he thinks it would be ?premature? for the government to contemplate the introduction of a new major tax ?on the backs of the Bahamian people?.

Moree pointed out that value-added tax (VAT) was introduced in 2015, and there is still a significant regime of import duties and other indirect methods of taxation, such as business license tax.

?Before we introduce any new form of tax, it seems to me that we need to rationalize the current tax regime in The Bahamas,? he explained.

?We need to avoid duplication, and we need to ensure that the burden of taxation is not so great as to drive people out of The Bahamas or make it extremely difficult for business to survive.

?I think a major part of any review of our tax structure does have to include looking at a greater reference to existing collection of taxes and introducing creating transparency in terms of how our tax dollars are spent and where our tax dollars are going.

?If you are going to ask Bahamians to pay more taxes, then you are going to have to deliver services, and you have to deliver them in a more efficient way, and you have to be more transparent about how the tax dollars are being used.

?I think there is a long way to go before we start looking at introducing new forms of taxation, whether it be an income tax or any form of tax.?

Moree also insisted that a careful study should be given to the competitive advantages that The Bahamas has to offer as a financial jurisdiction.

?We don?t have three kinds of taxation which exist in many other countries, and those three are income tax, capital gains tax and inheritance tax,? he continued.

?As we try to expand and develop our financial services industry and we try to bring FDI (foreign direct investment) into our country, the government will have to be very confident that by substantially revamping the tax landscape and doing something as major as income tax, that it would not compromise our business model as a jurisdiction and thereby diminish the major competitive advantage in what is a very competitive marketplace.?

BTC launches national text-to-donat...

BTC launches national text-to-donate campaign

Bahamas Telecommunications Company (BTC) will launch a national text-to-donate campaign drive, allowing all Bahamians to participate in fundraising efforts to assist those most affected by Hurricane Irma.

The campaign, themed ?Each One, Reach One?, will allow customers to make a donation to the relief efforts. The process is simple, and customers can give $1.00 by texting the word ?DONATE? to the number ?5115?. Customers can donate as many times as they wish.

Proceeds will go to the National Emergency Management Agency (NEMA). Interim CEO Dexter Cartwright said, ?BTC is known to be a big brother in the community, and we are always willing to help wherever we can. Starting tomorrow, our entire customer base will be able to make a donation to assist those in need. BTC will match every dollar donated and all proceeds will go to NEMA to assist our fellow Bahamians most impacted by Hurricane Irma.?

In BTC?s last text-to-donate drive in 2015, the public contributed nearly $10,000. In turn, BTC, along with its partners, tripled the amount, donating $30,000 to disaster recovery efforts following Hurricane Joaquin. In addition to this initiative, BTC is also working with community partners throughout the country to organize other relief efforts and initiatives.

The Each One Reach One donation drive will end on September 30.

 

IMF: Commercial banks capitalized, ...

IMF: Commercial banks capitalized, still reluctant to lend

Commercial banks in The Bahamas are ?reluctant? to lend, given The Bahamas? low growth environment, despite those banks being well capitalized, the International Monetary Fund (IMF) pointed out Wednesday.

In its ?Staff Concluding Statement of the 2017 Article IV Mission?, the IMF states that The Bahamas has struggled with a stagnant economy since 2012.

However, under these conditions, commercial banks are still able to remain liquid. But with no economic growth, banks have tightened their lending policies.

?As of March 2017, the average capital adequacy ratio stood at 27.8 percent, well above the regulatory requirement of 17 percent, and liquid assets represented 25.6 percent of total assets,? said the IMF.

?Non performing loans (NPLs) declined to 11.1 percent of total private sector loans, down from 14.2 percent in 2015, due mainly to a large disposal of distressed mortgage debt by one institution.

?However, Bank of The Bahamas, a majority state-owned commercial bank, continued to face losses, triggering a new recapitalization by the government in late 2016.

?Despite ample capital and liquidity for the sector as a whole, the stock of commercial bank credit to the private sector has remained flat.

?The loss of correspondent banking relationships (CBR) has not resulted in major disruptions so far.?

IMF noted that strong compliance with anti-money laundering and combating the financing of terrorism (AML/CFT) and tax transparency standards ?should help stem the withdrawal of CBR?.

?It is critical to work closely with the Caribbean Financial Action Task Force (CFATF) and the Financial Action Task Force (FATF) to swiftly address the deficiencies in the AML/CFT regime identified in the recent Mutual Evaluation Report (MER),? the IMF added.

?Heightened global focus on tax transparency also calls for efforts to promptly comply with international standards (such as the OECD?s Common Reporting Standard).?

The IMF also asserted the need for banks to ?step-up? loan restructuring efforts in an effort to improve financial stability and ?support economic recovery?.

?An intensification of the restructuring of distressed mortgage debt, including through increased enrollment in the government?s mortgage relief program, should free up additional balance sheet space to support the economic recovery,? the IMF explained.

?Restructuring Bank of The Bahamas is necessary to strengthen its profitability, enhance financial stability and reduce fiscal contingencies.?

Afribiz

There are no news from this channel.

NY Times

The Chinese Roots of Italy?s Far-Ri...

The Chinese Roots of Italy?s Far-Right Rage

The country?s new politics are often attributed to anger over migrants. But the story begins decades ago, when China first targeted small textile towns.
A Farewell to Feministing and the H...

A Farewell to Feministing and the Heyday of Feminist Blogging

Another site is about to close, joining other publications like The Hairpin and The Toast that are dead or dying, as their ?rowdy? voices go mainstream.
Why Apple Scrapped the Release of I...

Why Apple Scrapped the Release of Its Oscar Contender, ?The Banker?

A fact-based story starring Samuel L. Jackson and Anthony Mackie was supposed to hit theaters Friday. Then a complaint by a relative of the film?s hero gave Apple second thoughts.
PG&E Reaches $13.5 Billion Deal Wit...

PG&E Reaches $13.5 Billion Deal With Wildfire Victims

The agreement could help tens of thousands of residents rebuild while helping to resolve the utility?s bankruptcy.
How Aramco?s Huge I.P.O. Fell Short...

How Aramco?s Huge I.P.O. Fell Short of Saudi Prince?s Wish

As investors balked, some bankers and Saudi officials still hoped to achieve the crown prince?s target price of $2 trillion. They wound up settling for less.
Elon Musk Is Cleared in Lawsuit Ove...

Elon Musk Is Cleared in Lawsuit Over His ?Pedo Guy? Tweet

A jury found that the Tesla billionaire did not defame a cave explorer in a dispute over a rescue effort in Thailand last year.

Trinidad Guardian

There are no news from this channel.

IMF

Structural Forces Weigh on Future U...

Structural Forces Weigh on Future U.S. Growth

While the U.S. economy is doing well, continued solid growth hinges on addressing long-term issues of falling labor force participation, weak productivity, rising income polarization, and high poverty rates, the IMF said in its annual review on the state of the U.S. economy.
Euro Area At The Crossroads: No Tim...

Euro Area At The Crossroads: No Time For Complacency

Recovery in the euro area has strengthened, but the medium-term outlook remains weak and is endangered by lack of collective action, says the IMF in its latest review of the currency union.
South Africa: Latest Outlook Shows ...

South Africa: Latest Outlook Shows Urgent Need for Policy Reforms

South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country?s economy.
Poland: Strong Institutions a Must ...

Poland: Strong Institutions a Must For Steady Growth

Poland has been growing steadily over the past years. However, some policies of the new government have dented investor sentiment and could slow down growth, according to the IMF.
Globally Important German Financial...

Globally Important German Financial System is Resilient

The financial system of Germany, home to systemically important financial institutions, has been bolstered by EU-wide and global reforms in the financial sector. At the same time, low interest rates and the ongoing transition to new supervisory and resolution mechanisms may pose risks, according to the IMF.
A Blueprint for Portugal?s Future G...

A Blueprint for Portugal?s Future Growth

Portugal has bounced back from the global economic crisis, but to keep up momentum it will need to carry out additional reforms aimed at boosting growth, generating jobs, and improving competitiveness, according to a new IMF publication on the country?s economy.

Black America Web - Business

The things they saved, 10 years aft...

The things they saved, 10 years after the Virginia Tech shooting

In the decade that has passed since 32 people were fatally shot at Virginia Tech, much has changed for those who were on campus that day or were pulled there by the bloodshed. But the emotional keepsakes from that April morning remain to serve as reminders of sorrow, generosity and heroism.
People across the U.S. demanded to ...

People across the U.S. demanded to see Trump?s tax returns. A day later, he wants to know why.

?I did what was an almost an impossible thing to do for a Republican ? easily won the Electoral College! Now Tax Returns are brought up again?? the president tweeted. He also called for someone to ?look into? the rally organizers: ?The election is over!?
After Trump solicits advice, busine...

After Trump solicits advice, businesses target EPA, Labor Dept. regulations

The president invited American manufacturers to recommend ways the government could cut regulations and make it easier for companies to get their projects approved. Industry leaders responded with scores of suggestions to remove more than 150 regulations that paint the clearest picture yet of the dramatic series of steps that Trump officials are likely to take in overhauling federal policies.
Turkey leader declares victory in v...

Turkey leader declares victory in vote to expand his powers, but results are contested

If the referendum vote stands, President Recep Tayyip Erdogan would gain vast new authority as the unrivaled head of state. Opposition parties quickly demanded recounts of hundreds of thousands of ballots.
As tensions with North Korea flare,...

As tensions with North Korea flare, Trump spends a quiet weekend at Mar-a-Lago

The president was uncharacteristically quiet after North Korea?s latest failed missile launch, leaving it to his team of deputies, as well as Vice President Pence to articulate the administration?s policy toward the totalitarian regime.
Aide: Pence will discuss ?belligere...

Aide: Pence will discuss ?belligerency of North Korea? at every stop of Asia tour

BBC

General Election 2019: Johnson insi...

General Election 2019: Johnson insists no NI-GB goods checks after Brexit

The PM says a leaked Treasury document that says there will be customs checks is "wrong".
China exports fall again as US trad...

China exports fall again as US trade war continues

The latest China trade data points to further signs of strain in the world's second largest economy.
HMV faces the music in Christmas cr...

HMV faces the music in Christmas crunch test

Canadian Doug Putman rescued the UK music chain, but will the festive season make or break it?
Avanti starts running West Coast Ma...

Avanti starts running West Coast Main Line after Virgin franchise ends

The last Virgin train left Euston on Saturday evening, ending Britain's longest-running rail franchise.
Trade disputes settlement system fa...

Trade disputes settlement system facing crisis

The World Trade Organization faces a crisis in its system for resolving disputes between members.
Seychelles: The island nation with ...

Seychelles: The island nation with a novel way to tackle climate change

The Seychelles has swapped 5% of its national debt for a cash injection to fight climate change and save its ocean.

Diversity Inc.

The Hershey Company: Joining Forces...

The Hershey Company: Joining Forces to Protect Human Rights

Originally published on thehersheycompany.com by Allison Arbib, Research Program Director at Verité, an independent, nonprofit, civil society organization focused on human rights and eliminating labor abuses.  In a range of human rights and labor rights due diligence frameworks — the UN Guiding Principles, the United States Department of Labor Comply Chain, the...

The post The Hershey Company: Joining Forces to Protect Human Rights appeared first on DiversityInc.

Johnson & Johnson Announces Commitm...

Johnson & Johnson Announces Commitment to Support Republic of Rwanda?s Preparedness Against Ebola Outbreak

Originally published on jnj.com. Up to 200,000 Regimens of Janssen?s Investigational Ebola Vaccine to be Supplied to Rwanda for Use in Border Region near Democratic Republic of the Congo (DRC) Johnson & Johnson today announced that its Janssen Pharmaceutical Companies will provide up to 200,000 Ebola vaccine regimens to the...

The post Johnson & Johnson Announces Commitment to Support Republic of Rwanda?s Preparedness Against Ebola Outbreak appeared first on DiversityInc.

Dow and WE Call Upon Youth to Innov...

Dow and WE Call Upon Youth to Innovate and Solve Community Challenges

Originally posted on Dow.com Dow (NYSE: DOW) and WE are proud to team up and take the third annual WE Are Innovators Campaign across the U.S. and expand across the globe. Whether it is helping people gain access to healthy fresh food, learning how to include different perspectives for more innovative ideas, or driving...

The post Dow and WE Call Upon Youth to Innovate and Solve Community Challenges appeared first on DiversityInc.

Accenture Names 787 New Managing Di...

Accenture Names 787 New Managing Directors and Senior Managing Directors

Originally Posted on Accenture.com  Accenture (NYSE: ACN) has named 787 people to managing director and senior managing director, including a record number of women. ?Every day, these inspiring leaders create an environment where their teams can innovate, push boundaries and be true partners to our clients,? said Julie Sweet, Accenture?s...

The post Accenture Names 787 New Managing Directors and Senior Managing Directors appeared first on DiversityInc.

Comcast Launches Customer Service P...

Comcast Launches Customer Service Program for the Deaf Community in American Sign Language

Originally Published on Comcast.com Comcast and Connect Direct, a subsidiary of Communication Service for the Deaf (CSD), today launched customer service support via American Sign Language (ASL) for Internet Essentials, Xfinity Internet, and general Xfinity billing questions, called ASL Now. With the combined expertise of both companies, Internet Essentials and...

The post Comcast Launches Customer Service Program for the Deaf Community in American Sign Language appeared first on DiversityInc.

SNAP Benefits Will No Longer Apply ...

SNAP Benefits Will No Longer Apply to Nearly 700,000 People Under New Trump Administration USDA Rule

This week, the U.S. Department of Agriculture (USDA) announced a new rule tightening requirements for Supplemental Nutrition Assistance Program (SNAP) recipients. The rule will decrease the number of people eligible for SNAP benefits by nearly 2%, which means 688,000 people will no longer qualify. SNAP benefits, formerly known as Food...

The post SNAP Benefits Will No Longer Apply to Nearly 700,000 People Under New Trump Administration USDA Rule appeared first on DiversityInc.

Trinidad Express

There are no news from this channel.

Reuters - Economy

There are no news from this channel.

Jamaica Observer

Branson unleashes new entrepreneurs...

Branson unleashes new entrepreneurs to serve Caribbean ecosystem

The Branson Centre on Wednesday graduated their latest batch of Caribbean entrepreneurs from their six- month acceleration programme, wherein a total of 25 entrepreneurs were intensely trained to become certified business leaders in the Caribbean small and medium-sized enterprise (SME) ecosystem.
Scotia Group reports meagre growth ...

Scotia Group reports meagre growth in profits for 2019

Scotia Group is reporting meagre growth in profits for 2019, due in part to lower net interest income from declining interest rates and higher loan loss provisions.In its just released annual report for 2019, Scotia reports that its profits grew by a mere 3.2 per cent or $419 million across the financial group, moving from $12.77 billion in 2018 to $13.19 billion for the year ended October 31, 2019.
Jampro encourages local companies t...

Jampro encourages local companies to use services

President of Jamaica Promotions Corporation (Jampro) Diane Edwards is encouraging local companies to take full advantage of Jampro's range of services to drive investment and trade in Jamaica.  
International acclaim for Caribbean...

International acclaim for Caribbean banks

Two member organisations of the Caribbean Association of Banks Inc (CAB) have been recognised by internationally-renowned financial magazine, The Banker, in its bank of the year awards. The two banks are 1st National Bank of St Lucia and Jamaica's National Commercial Bank Financial Group (NCBFG).The announcement was made on Friday last (November 29) in an award ceremony held in London, England, wherein the two banks were named the most outstanding in the Caribbean.
Sagicor says manufacturing and dist...

Sagicor says manufacturing and distribution fund IPO successful

Sagicor Select Funds on Wednesday announced the successful closure of an initial public offer (IPO) of shares for their Manufacturing and Distribution Fund, made available to the public last month.
itelbpo expanding into St Lucia

itelbpo expanding into St Lucia

Jamaican business processing outsourcing company itelbpo in partnership with Invest Saint Lucia is developing a 20,000 sq ft factory shell located in the Hewanorra Free Zone in Vieux-Fort, St Lucia, which will house more than 300 employees in the global services sector.

Black Enterprise - Small Business

Sundial CEO: 3 Steps to Taking Your...

Sundial CEO: 3 Steps to Taking Your Business from Mom-and-Pop to the Big Leagues

In an exclusive interview with Black Enterprise, the Sundial CEO shares three vital steps for…
50 Emerging Leaders in Innovation H...

50 Emerging Leaders in Innovation Head to China

Young, diverse American leaders in the innovation economy will meet with 50 of their Chinese…
Will Generation Z Be the Most Entre...

Will Generation Z Be the Most Entrepreneurial Generation Yet?

A new study on millennials and Generation Z shows they have the mindset of an…
Small Business Owners Plan to Hire ...

Small Business Owners Plan to Hire More and Add New Products in 2018

Business PracticesSome 90% of small businesses intend to hire one to two people in 2018, a…
Houston Mayor, Others, Help Provide...

Houston Mayor, Others, Help Provide Additional $28.9 Million to Hurricane Harvey Victims

Continuing efforts to help victims hit hard by the massive storm, the Hurricane Harvey Relief…
Founder of Jamaican Black Castor Oi...

Founder of Jamaican Black Castor Oil Talks Success and Loss

Castor OilLois Hines, the founder of Tropic Isle Living Jamaican Black Castor Oil, opens up about…

NY Times - Small Business

Starting Your Own Business Is Hard....

Starting Your Own Business Is Hard. Here?s Some Advice.

Other women have done it with great success, and here are some steps you can take to follow their lead.
How Can Female Entrepreneurs Attrac...

How Can Female Entrepreneurs Attract Financing?

Money is the biggest stumbling block for start-ups led by women, but there are ways to work around that.
For Start-Ups, Cash Is King (Again)

For Start-Ups, Cash Is King (Again)

Some are preparing for a potential downturn by cutting spending and raising money earlier than planned. Just as they did before.
The SoftBank Effect: How $100 Billi...

The SoftBank Effect: How $100 Billion Left Workers in a Hole

SoftBank poured money into start-ups that use armies of contractors. That has upended the lives of drivers, hotel operators and real estate agents around the world.
How to Sell a House in Southern Cal...

How to Sell a House in Southern California: Make a Movie

?You?re not just selling an address,?? a video producer said, ?you?re selling a lifestyle.? Attractive actors and expensive cars flesh out the fantasy.
Kits for Kids? Sleepovers, Parents?...

Kits for Kids? Sleepovers, Parents? Ambien Not Included

The commodification of a homemade ritual.

Black Enterprise - Career

Although Jobs Report Shows Robust J...

Although Jobs Report Shows Robust Job Market, African Americans Still Face Discrimination

Although Friday's job report shows the continuation of a robust labor market, African Americans still face discrimination
What to Do If You Find Yourself in ...

What to Do If You Find Yourself in a Situation Like Gabrielle Union

Black women across the U.S. experience the same offensive behavior that Gabrielle Union has on "America's Got Talent." Here are 3 things every woman can do.
This Chief Brand Officer Says Stop ...

This Chief Brand Officer Says Stop Feeling Guilty About Being an Ambitious Woman

Joy Altimare, ?Chief Engagement and Brand Officer of EHE Health, reveals that doesn't feel guilty for being ambitious in our Portraits of Power series
Blacks Lag Whites in Finding Good J...

Blacks Lag Whites in Finding Good Jobs, Building Wealth In Slowing Labor Market

acks continue to lag behind whites in finding good jobs that are high-paying and in accumulating wealth due to a series of systemic obstacles
Code-Switching at Work Is Taking a ...

Code-Switching at Work Is Taking a Psychological Toll on Black Professionals

New analysis shows that code-switching, or adjusting one's speech, appearance, behavior, and expression, comes at a cost for black employees
10 Things You Should Never Do at Yo...

10 Things You Should Never Do at Your Office Holiday Party

Avoid doing these 10 things at your company's upcoming holiday party if you'd like to keep your job or save face in the morning.

NY Times

The Chinese Roots of Italy?s Far-Ri...

The Chinese Roots of Italy?s Far-Right Rage

The country?s new politics are often attributed to anger over migrants. But the story begins decades ago, when China first targeted small textile towns.
A Farewell to Feministing and the H...

A Farewell to Feministing and the Heyday of Feminist Blogging

Another site is about to close, joining other publications like The Hairpin and The Toast that are dead or dying, as their ?rowdy? voices go mainstream.
Why Apple Scrapped the Release of I...

Why Apple Scrapped the Release of Its Oscar Contender, ?The Banker?

A fact-based story starring Samuel L. Jackson and Anthony Mackie was supposed to hit theaters Friday. Then a complaint by a relative of the film?s hero gave Apple second thoughts.
PG&E Reaches $13.5 Billion Deal Wit...

PG&E Reaches $13.5 Billion Deal With Wildfire Victims

The agreement could help tens of thousands of residents rebuild while helping to resolve the utility?s bankruptcy.
How Aramco?s Huge I.P.O. Fell Short...

How Aramco?s Huge I.P.O. Fell Short of Saudi Prince?s Wish

As investors balked, some bankers and Saudi officials still hoped to achieve the crown prince?s target price of $2 trillion. They wound up settling for less.
Elon Musk Is Cleared in Lawsuit Ove...

Elon Musk Is Cleared in Lawsuit Over His ?Pedo Guy? Tweet

A jury found that the Tesla billionaire did not defame a cave explorer in a dispute over a rescue effort in Thailand last year.

BBC - Video

General election 2019: What to look...

General election 2019: What to look out for on the economy

BBC Business Editor Faisal Islam looks at the economic issues at stake in the election.
Saudi Aramco's eight decades of his...

Saudi Aramco's eight decades of history

Saudi Arabia's state-owned oil giant Saudi Aramco traces its history back to the 1930s.
How the egg box became a million do...

How the egg box became a million dollar idea

The BBC's Aaron Heslehurst explains how the egg box became a million dollar idea.
Lotus Evija: The £2.2m electric hyp...

Lotus Evija: The £2.2m electric hypercar

The Lotus Evija goes into production next year and Click gets a look at what drivers can expect.
Raiding factories, freeing children

Raiding factories, freeing children

Nobel laureate Kailash Satyarthi has been freeing children from slavery for more than 30 years.
Missguided boss on Black Friday: 'I...

Missguided boss on Black Friday: 'If we don't play, we die'

The boss of fashion retailer Missguided discusses the importance of Black Friday.

CNN

7 things to know before the bell

7 things to know before the bell

Read full story for latest details.
SoftBank and Toyota want driverless...

SoftBank and Toyota want driverless cars to change the world

Softbank and Toyota are partnering on an effort to use autonomous vehicles and other technologies to change the world of transportation.
Aston Martin falls 5% in its London...

Aston Martin falls 5% in its London IPO

Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Barnes & Noble stock soars 20% as i...

Barnes & Noble stock soars 20% as it explores a sale

Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Why it's time for investors to go o...

Why it's time for investors to go on the defense

Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
The Toys 'R' Us brand may be brough...

The Toys 'R' Us brand may be brought back to life

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.

Reuters

U.S. banks' reluctance to lend cash...

U.S. banks' reluctance to lend cash may have caused repo shock: BIS

The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said.
Britain's Tesco considers Asia exit

Britain's Tesco considers Asia exit

Britain's biggest retailer, Tesco , has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.
Jeff Bezos says Amazon wants to wor...

Jeff Bezos says Amazon wants to work more with the Pentagon

Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself.
VW's German plants need to shape up...

VW's German plants need to shape up, says production chief

Volkswagen's German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023.
Japan's markets watchdog likely to ...

Japan's markets watchdog likely to recommend $22 million fine against Nissan: NHK

Japan's markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday.
China November exports fall, but im...

China November exports fall, but import growth hints of recovering demand

China's exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. war but growth in imports may be a sign that Beijing's stimulus steps are helping to stoke demand.

NY Times - Economy

How a Strong Job Market Has Proved ...

How a Strong Job Market Has Proved the Experts Wrong

Conventional wisdom seems to have been too pessimistic about how much the economy could grow before setting off inflation. In hindsight, a costly mistake.
Can a Coal Town Reinvent Itself?

Can a Coal Town Reinvent Itself?

A coal town in southwestern Virginia has been trying for years. Hope is running thin.
U.S. Added 266,000 Jobs in November...

U.S. Added 266,000 Jobs in November. Here?s the Bottom Line.

The Labor Department?s report was much stronger than the one last month, helped by the end of a General Motors strike.
Japan Plans to Spend $120 Billion t...

Japan Plans to Spend $120 Billion to Stimulate Slowing Economy

Prime Minister Shinzo Abe announced the spending as the country?s economy has slowed because of reduced demand from China and tensions with South Korea.
Warren Takes Aim at Bank Mergers, a...

Warren Takes Aim at Bank Mergers, a Sign of Her Presidential Intentions

Elizabeth Warren, a hopeful for the Democratic presidential nomination, has long been skeptical of Wall Street. If she wins the White House, it could spell stricter regulation.
Podcasts and Travel Apps? Facebook ...

Podcasts and Travel Apps? Facebook Is Working on Those

The social network is exploring new product areas through a team dedicated to building the company?s future.

Wall Stree Journal

Trump Tells GM to Open Ohio Plant a...

Trump Tells GM to Open Ohio Plant and Stop Output in China

General Motors plans to cut up to 14,800 jobs and end production at certain plants, marking the auto maker?s first significant downsizing since bankruptcy as it tries to adjust to lower demand for passenger cars. President Trump said GM should stop making cars in China and make them in the U.S. instead, in an exclusive WSJ interview.
United Tech to Break Itself Into Th...

United Tech to Break Itself Into Three Companies

The industrial conglomerate has decided to separate itself into three independent companies, breaking apart one of America?s last industrial conglomerates.
Carlos Ghosn Was Too Powerful, Niss...

Carlos Ghosn Was Too Powerful, Nissan's CEO Says

Nissan Motor?s chief executive told employees Carlos Ghosn had too much power as chairman, highlighting the tension welling up between the two men before Mr. Ghosn?s arrest a week ago. The fallout spread Monday as Mr. Ghosn was ousted as chairman of Nissan partner Mitsubishi Motors.
UPS's Holiday Wish: Handling the De...

UPS's Holiday Wish: Handling the Delivery Surge

UPS is hoping that billions of dollars in system improvements this year will help it avoid shipping problems during the online shopping surge of the holiday season.
Oil's Fall Threatens U.S. Shale Dri...

Oil's Fall Threatens U.S. Shale Drillers

Plunging oil prices once again threaten to force American shale drillers to pull back on production, just as they were preparing to unleash a flood of crude.
The U.S. Housing Boom Is Coming to ...

The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Dallas is housing?s ?canary in the mine shaft.? Homes are taking longer to sell, bidding wars are rarer and price cuts are more common as buyers absorb the impact of higher mortgage rates.

NY Times - Money

When U.S. Citizenship Starts Lookin...

When U.S. Citizenship Starts Looking Like a Bad Deal

A potential wealth tax or higher levies on capital gains are just two reasons, beyond politics, that are raising thoughts of renunciation.
Last Tax Season Was a Mess. Now?s T...

Last Tax Season Was a Mess. Now?s Time to Prepare for This One.

If you didn?t change the tax withholding in your paycheck, you still have time to avoid another unpleasant surprise ? or even a fine.
Signing Up for an H.S.A.? First Fig...

Signing Up for an H.S.A.? First Figure Out How You?ll Use the Money

Some plans work better than others, depending on whether you?ll be spending on current medical costs or future ones, a new analysis finds.
Yes, You Can Get Free Trading. But ...

Yes, You Can Get Free Trading. But There?s Often a Catch.

A price war has driven the cost of some stock trades to zero. But brokerages have to make money somehow, and here are some of the ways.
Climate Change Adds Wrinkle to Art ...

Climate Change Adds Wrinkle to Art Collectors? Concerns

No longer can owners just buy a general insurance policy and leave it at that. The threat of more intense storms means collectors need to keep track of their holdings.
For Millennials Making Their Way, a...

For Millennials Making Their Way, a Detour: To Caregiving

Here is a concern that baby boomers might not have thought of: Their children could be taking care of them while still in their 20s or 30s.
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