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The Federal Reserve has cut interest rates for the first time since March 2020 — the beginning stages of the COVID-19 pandemic. Forbes reported that on Wednesday, Sept. 18, 2024, the U.S. central banking system announced the significant move that will have a widespread effect on Americans’ finances, making borrowing less expensive. Following a split decision on whether to make a 25- or 50-basis-point cut, the Fed’s policy-setting committee reduced the federal funds rate by 50 basis points. As inflation continues to moderate, the adjustment lowers the interest rate to a range of 4.75% to 5%, down from 5.25% to 5.5%, which were the highest levels since 2001. “Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by 1/2 percentage point,” Fed Chairman Jerome Powell said at a news conference following the announcement. “ This decision reflects our growing confidence that, with an appropriate recalibration of our...
March of Dimes is enhancing its efforts to raise awareness towards bias in maternal and infant health. According to a press release, the nonprofit organization has announced new changes to its implicit bias training, Awareness to Action: Dismantling Bias in Maternal and Infant Healthcare, designed for professionals and students in healthcare. The program aims to remove inequities plaguing maternal and infant health. According to recent data from the 2021 March of Dimes Report Card Black, American Indian, and Alaska Native women had disproportionate health outcomes in comparison to their white counterparts. “Every person has some level of unconscious bias, but unchecked stereotyping or negative biases about a group of patients can foster misplaced beliefs and lead to poor decision making by providers,” said Dr. Zsakeba Henderson , Senior Vice President and Interim Chief Medical and Health Officer, according to a press release. “Knowledge and behavior change are the first steps to...
The latest jobs report from the United States Department of Labor suggests that there’s a glimmer of hope. But that hope doesn’t really exist for Black workers, who — shockingly, but not surprisingly — are being left out in the cold when it comes to economic recovery. The report outlines that nearly one million people obtained a non-farm payroll job in March of 2021, and that the national unemployment rate has dropped to 6 percent. “These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic. Job growth was widespread in March, led by gains in leisure and hospitality, public and private education, and construction,” read the report. However, according to the Bureau of Labor Statistics, Black workers are not reaping the rewards of this new ray of light. In fact, Black unemployment still remains at 9.6 percent nationwide. While this is a marginal improvement over February 2021’s 9.9...
Periscope bids its users goodbye! The live video streaming app, acquired by Twitter before its launch in 2015, announced they will discontinue the separate mobile app by March 2021. “We want to be transparent about why we’re making this decision, es p ecially to those of you who are active and passionate users of Periscope today,” the company said in a statement via Medium. “The truth is that the Periscope app is in an unsustainable maintenance-mode state, and has been for a while. Over the past couple of years, we’ve seen declining usage and know that the cost to support the app will only continue to go up over time. Leaving it in its current state isn’t doing right by the current and former Periscope community or by Twitter. We still believe in the power of live video to solve impactful problems, which is why we’ve brought most of the core capabilities of Periscope into Twitter. We probably would have made this decision sooner if it weren’t for all of the projects we reprioritized...
In response to a data leak that revealed the identities and messaging history of white supremacists, Airbnb has decided to ban such users from its site. Airbnb’s security systems recently identified 60-plus account holders from Iron March , a far-right, white supremacist site. Their accounts were deleted in accordance with Airbnb’s zero-tolerance policy. A spokesperson for the short-term rental giant labeled the step a “no-brainer,” reiterating Airbnb’s commitment to “ continuously seeking to proactively identify those who could put our hosts and guests at risk .” Airbnb CEO Brian Chesky has previously stood in staunch opposition to white supremacy. “The violence, racism and hatred demonstrated by neo-Nazis, the alt-right, and white supremacists should have no place in this world,” Chesky said in a statement according to The Verge in 2017. Airbnb’s Community Commitment — a nondiscrimination policy that promotes for inclusiveness — was updated in 2016 to ensure fairness to all users.
Some Harvard University students will soon be able to attend the institution free of charge, thanks to a new initiative aimed at making education “affordable to more students than ever,” particularly for those from middle-class families. On Monday, March 17, 2025, the Boston, MA-based Ivy League institution announced that starting in the 2025-2026 academic year, students from families with annual incomes of $100,000 or less will receive free tuition, food, housing, health insurance, and travel costs. They will also get a $2,000 start-up grant in their first year and a $2,000 launch grant during their junior year to “help support their transition beyond Harvard .” Additionally, Harvard will be tuition-free for students from families with annual incomes up to $200,000. “Putting Harvard within financial reach for more individuals widens the array of backgrounds, experiences, and perspectives that all of our students encounter, fostering their intellectual and personal growth,” said...
Tyler Perry has provided great financial relief for 85-year-old Anniece Tisdale. According to WSMV-4, Tisdale hired an unlicensed contractor to renovate her East Nashville, TN, home to accommodate her disability and growing family. However, the project took a turn for the worse when the contractor abandoned it altogether after not meeting completion expectations. Tisdale was then left with a home unsafe to live in and thousands of dollars lost. After an interview with the local news station, Tisdale was asked by Sherri Shepherd to appear on her “Sherri” talk show, and was joined by her daughter, Yolanda, who revealed that at least $180,000 had been invested into the home renovation project. Yolanda and her husband both took out personal loans and pooled from savings and credit cards to gather the funds. Yolanda also helped to refinance her mom’s mortgage to pay for the $200,000 in renovations. “We signed the contract in January. We were supposed to be f inished March 31. It was a...
Flau’jae Johnson is making a difference off the court by helping wipe out $5 million of debt for 5,000 Louisiana families. On March 14, 2025, global data and technology company Experian announced that the Louisiana State University women’s basketball guard would serve as spokesperson for its initiative to help relieve impoverished families following reports of record-high consumer debt. According to the U.S. Census Bureau, Louisiana has one of the highest poverty percentages in the country. Johnson will promote financial literacy and share her experiences managing finances as one of the leading college athletes with a name, image, and likeness (NIL) deal , per a news release. “You know what’s bigger than basketball? Financial empowerment,” Johnson said in an Experian commercial. “Finances are tough, and Experian is helping the next generation pursue their dreams. … Money isn’t everything, but you need it to live a good life. The Experian app can help you save time and money, build...
Teyana Taylor has become a household name thanks to her work throughout the entertainment industry. Although she comes from a well positioned family, the mother of two has come into her own. Over the years, Taylor has developed her own image, style and money, even going on to coach other starlets into their most confident selves. W hether she’s topping the charts with her latest album, exercising her famous abs for a photoshoot or working on brand collabs , the multi-talent is making money moves. Teyana Taylor has built her own financial empire that just keeps on giving. Although she has been making headlines for her multi-million dollar divorce from NBA champion Iman Shumpert, she’s still got it . Here is what we know about Teyana Taylor’s net worth in 2025. How Did The “Rose In Harlem” Hitmaker Become Famous? (Brian Ach/WireImage) Teyana Taylor’s fame stems from a number of sources dating back to the mid-2000s. The performer grew up in Harlem, New York, as fans who listened to her...
From breaking records on the field to securing lucrative endorsements, DK Metcalf has established himself as a wide receiver to watch in the NFL. Since being drafted by the Seattle Seahawks in 2019, he has quickly risen to elite status, becoming one of the league’s most dominant offensive weapons. Known for his rare combination of size, speed and athleticism, Metcalf has delivered performances that showcase his stamina and strength, cementing his reputation as a game-changing playmaker. Off the field, the 27-year-old has successfully transformed his football stardom into financial success . His endorsements include partnerships with major companies such as Nike, Gatorade and Beats by Dre, further boosting his income and public profile. Additionally, he has ventured into business, capitalizing on opportunities in industries ranging from fitness to fashion. With a keen eye for branding and entrepreneurship, he has positioned himself as more than just an athlete – he’s a savvy...
Jean-Michel Basquiat’s painting “Sabado por la Noche,” or “Saturday Night,” will be the centerpiece of Christie’s evening sale in Hong Kong on March 28, 2025. Basquiat’s striking hot pink and maroon artwork, created in 1984 and measuring 6.5 feet by 7.5 feet, is estimated to sell for between $13 million and $16 million, according to a March 13, 2025 news release. “It is a privilege to present Sabado por la Noche (Saturday Night), an iconic masterpiece that reverberates with Basquiat’s inimitable visual language,” said Ada Tsui, Christie’s Asia Pacific head of evening sales and 20th/21st-century art. “Sabado” was created when Basquiat collaborated closely with Andy Warhol on over 150 paintings, ARTnews reported. The painting is filled with Basquiat’s signature motifs and imagery, featuring two of his “Griot” figures and depictions of animals, simplified female nudes, spirals, doubled gyres, references to the solar system, and the Fibonacci golden ratio. Tsui said the auction house...
Fans are flocking to support the music of the late Angie Stone. The Grammy-nominated soul artist and member of The Sequence passed away on March 1, 2025, at 63 years old, according to Variety. Stone was in a car accident with an 18-wheeler while traveling from Montgomery, AL, to Atlanta, GA, causing her vehicle to overturn three times. Of the nine passengers in her van, she was the only one who did not survive. Stone, born in Columbia, SC, is survived by her children Diamond Stone and Michael Archer and her grandchildren. “Never in a million years did we ever expect to get this horrible news,” Diamond and Michael said in a statement, the outlet notes. “Our mom is and will always be our everything. We are still trying to process and are completely heartbroken.” Stone leaves behind an imprint that includes her most revered song, 2001’s “Wish I Didn’t Miss You,” 10 solo albums, and three Grammy nominations in categories including: best R&B performance by a duo or group with vocals...
Denver, CO -based KT Winery, a Black, Asian-owned, and women-led wine company, has expanded its board of advisors to include Monique Rodriguez, founder of global beauty brand Mielle Organics , and Rachel Roff, founder of clinical skincare brand Urban Skin Rx . According to a March 13, 2025 news release, Kristin Taylor and Macie Mincey launched KT Winery in 2020 for the modern, health-conscious wine drinker and to address the lack of diversity representation in the wine industry. The brand is available in over 500 locations online and at select retailers, including Target and Total Wine, and on flights with major airlines. Rodriguez and Roff will provide strategic guidance to help shape the brand’s direction. “We are honored to have such notable female founders join the KT Winery board of advisors to provide their insight and guidance as we continue to grow another woman-led brand made for us,” said Taylor. As previously reported by AFROTECH™ , Rodriguez founded Mielle Organics in...
Raleigh, NC -based St. Augustine University (SAU) has lost its appeal for accreditation and will enter a 90-day arbitration process. According to WTVD-11, SAU has been on probation with the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) for two years. In December 2023, the SACSCOC Board of Trustees voted to remove SAU from membership due to financial and governance issues. After a successful appeal, it was reinstated in July 2024 and remained effective through the end of the year. However, on Thursday, March 6, 2025, the Historically Black College and University announced that the appeal to keep its accreditation had ultimately been denied, per WDTV-11. The university stated that the 90-day arbitration process would ensure that all students graduating by May 2025 receive degrees from an accredited institution. “We have made substantial progress and are confident that our strengthened financial position and governance will ensure a positive outcome,”...