An estimated 19% of Black American families, roughly 3.5 million households, have a negative net worth because of a history of discriminatory policies from the government and private industry that has hindered their accumulation of wealth over time, according to a new McKinsey & Company …
Low inventory and surging demand have sent house prices soaring around the world, raising concerns about how long the red-hot market can be sustained.
If Juneteenth doesn't make you think about the economy, maybe it should. Racial discrimination has an obvious human cost, but there's an economic cost, too.
The CEO of one of Wall Street's top investment banks has a message for employees in its New York offices. You need to come back to work this fall.
US retail sales fell 1.3% in May as the sector continues to come down from the stimulus-fueled high of recent months.
On June 15, 1921, Sadie Tanner Mossell Alexander became the first African American to gain a doctoral degree in economics when she completed her work at the University of Pennsylvania.
JPMorgan Chase is throwing its considerable weight behind efforts to root out racial bias in the appraisal of homes in America.
A coalition representing hundreds of business owners, advocates and experts is urging city leaders to invest American Rescue Plan funding into Black businesses and communities.
Managers hoping to lure employees into offices may find their youngest and newest staff are their strongest allies.
College subsidies for children and spouses. Free rooms for summer hotel employees and a set of knives for aspiring culinary workers. And appetizers on the house for anyone willing to sit down for a restaurant job interview.
An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the National Bankers Association, a trade group that represents 24 of the country's minority-owned financial institutions.
Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns.
DALLAS — The airline industry’s recovery from the pandemic passed a milestone as more than 2 million people streamed through U.S. airport security checkpoints on Friday for the first time since early March 2020.
Ian Smith is making his mark in the field of architecture.
By now, you probably know that everything is getting more expensive. From furniture, to used cars, to uncooked beef roasts, consumer prices have grown steadily since January as the economy recovers and Americans are spending money again.
When 43-year-old Marisela Gaitan learned her two-month furlough was coming to an end, she knew she was lucky.
The level of diversity on America's biggest corporate boards has never been higher. But it's still far from on par with what US society looks like.
As CEO of one of America's biggest banks, Bank of America's Brian Moynihan has unique insight into the health of the country's economy. And right now, what he's seeing is positive.
It’s only June, but Walmart already has plans for Thanksgiving. They don’t involve you.
In 2017 Fawn Weaver began bottling Uncle Nearest Premium Whiskey as a passion project to honor Nearest Green, the formerly enslaved distiller who taught Jack Daniel how to make whiskey. Four years later, her bourbon has sold nearly 1.5 million bottles, according to a recent report in The Spi…