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US stocks close on the low as the post-Labor Day pattern continues
5+ day, 18+ hour ago (118+ words) It's the 10th year in a row where the day after Labor Day was red. I'd chalk that up to the depressing feeling of winding down summer. Treasury's buyback size decision looms as yields stay high, with market split between $4B and…...
Is the 60/30/10 budget the new rule of thumb to follow?
1+ week, 8+ hour ago (373+ words) A new twist on an old budgeting classic A key question when budgeting is how much of your income you should be stashing away in savings. But when you start to get into the numbers, it’s not uncommon to find…...
How Enslaved Black People Actually Built Harvard’s Wealth – Emerald Book
1+ week, 2+ day ago (871+ words) Harvard's $53 billion endowment wasn't built by brilliant academics alone. It was built on the backs of enslaved Black people who cleared the land, cooked the meals, and generated the wealth that turned a small colonial college into a global powerhouse....
Net short lender provisions and the Windstream precedent
1+ week, 2+ day ago (460+ words) Most creditors want to see a borrower succeed, because that's how they get repaid. "Net short" lenders break that logic entirely — and after the Windstream case made the risk impossible to ignore, protections against it briefly vanished from the market…...
The Black history of Labor Day: How Black workers shaped the labor movement
1+ week, 2+ day ago (878+ words) Haniyah P. is an award-winning multimedia storyteller and staff writer at theGrio, where she covers the intersection of culture, identity, and current events. Driven by a passion for storytelling and digital media, she focuses on uncovering untold narratives and finding innovative…...
Ultrawealthy Americans Pour Billions Into Life Insurance Tax Shelter
1+ week, 5+ day ago (253+ words) Skyrise Apartments in Kololo, Kampala • Product: 2‑ and 3‑bedroom luxury units starting from US $135,000. Seventy‑two units available • Amenities: Swimming pool, gym, clubhouse, landscaped gardens, BBQ terrace, children’s playground Ultrawealthy Americans are stashing billions in private placement life insurance, a niche…...
The making of the black middle class
1+ week, 4+ day ago (195+ words) New Statesman The black middle class. That ill-understood, much-pilloried group. A question often asked is whether they are a racial fraction of a class group or a class fraction of a racial group – are we merely talking about middle-class people…...
From Domestic Service to the Defense Industry: The Untold Story of the Black Rosies
1+ week, 6+ day ago (0+ words) ...
In Fed report on racial wealth gap, Mass. has a new measure of an age-old inequity
1+ week, 6+ day ago (386+ words) Colette A.M. Phillips, writing about the recent report of the Federal Reserve Bank of Boston on family wealth in Massachusetts, is right that we cannot close the state’s racial wealth gap without creating wealth (“Ten years later, Boston’s racial wealth gap…...
Steve Madden Isn't Just Giving Black Culture Credit, He's Investing In It
1+ week, 6+ day ago (294+ words) Steve Madden recently put himself in the middle of a larger conversation about what it means for brands to give back to Black communities. During an August appearance on The Breakfast Club, the fashion designer spoke about his company’s investment…...