CategoryEconomy

Dow now off more than 100 points, Nasdaq down 37 as early stock rally evaporates

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Open 24,48807 Day Range 24,32854 - 24,53689 52 Week Range 20,55345 - 26,61671 MarketWatch Other Dow Jones Other News Key USLastChgChg % Dow Jones Industrial Average 24,34748-11546-047% NASDAQ Composite Index 7,09839-4773-067% S&P 500 Index 2,65956-1058-040% Russell 2000 Index 1,55882-530-034%Other USLastChgChg % Dow Jones Transportation Average 10,57382-508-005% Dow Jones Utility Average Index...

‘BE THE CODE’ PODCAST: Hingeto Founder Talks Partnership with Marshawn Lynch

Founder of HingeTo, Leandrew Robinson (Image: file) “BE The Code” is Black Enterprise’s new podcast spotlighting the most influential and innovative blacks in technology, from celebrities to financiers, and how they are reshaping the industry with their unique perspectives This podcast is hosted by Sequoia Blodgett, a millennial entrepreneur and former cast member of the 2015 ABC Family reality...

Despite African American Loyalty, Democratic National Committee Has Lousy Record of Hiring Black Businesses

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When it comes to hiring black businesses, the Democratic National Committee has much more to do Just 176% of the $175 million of the DNC’s contract spending for consulting work, including an anemic 64% for black businesses , was issued to minority-owned businesses the past year, a BuzzFeed News Analysis reveals The activity for Latino-owned businesses was lower, coming in at 43% The analysis came...

Ghana Tech Summit Announces Speakers From IBM, Uber, and Google

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Ghana Tech Summit, a 12-year initiative of the Global Startup Ecosystem, recently announced its first set of the 25 speakers who will be in attendance These speakers include execs from companies such as IBM, Uber, Google, LinkedIn, and the United Nations Black Enterprise will also be joining the cohort set to take place in Accra, Ghana, West Africa, July 18–20, 2018 “This summit is necessary...

Apple takeover of Shazam to get 'in depth' scrutiny from EU regulators

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The European Commission has begun an "in depth investigation" into Apple Inc 's AAPL, +040% plans to acquire music-recognition service Shazam, the commission said in a press release Monday "The way people listen to music has changed significantly in recent years, with more and more Europeans using music streaming services," said commissioner Margrethe Vestager in the release "Our investigation...

Merck posts biggest rise as Dow industrials struggle to maintain early gains

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Open 24,48807 Day Range 24,40020 - 24,53689 52 Week Range 20,55345 - 26,61671 MarketWatch Other Dow Jones Other News Key USLastChgChg % Dow Jones Industrial Average 24,44701-1593-007% NASDAQ Composite Index 7,177323119044% S&P 500 Index 2,67561547020% Russell 2000 Index 1,56426013001%Other USLastChgChg % Dow Jones Transportation Average 10,613533463033% Dow Jones Utility Average Index...

Treasury extends wind-down period for dealing with Russian aluminum giant Rusal

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The US Treasury said it's extended its wind-down period for dealing with Rusal 0486, -843% the aluminum giant controlled by Oleg Deripaska, who was sanctioned for his involvement in US elections meddling, to Oct 23 US Treasury Secretary Steven Mnuchin said it's extended the maintenance and wind-down period while it considers Rusal's petition for delisting from the sanctions In a frequently asked...

Newell stock rallies after agreement with Starboard ends proxy contest

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Shares of Newell Brands Inc NWL, -090% rallied 33% in premarket trade Monday, after the consumer products company said it agreed to appoint two directors nominated by activist investor Starboard Value LP, to end the current proxy contest Newell said it will also nominate another board member from Starboard's slate As part of the agreement, Andrew Langham will step down from the board, effective...

Akorn's stock plunges toward 5-year low after Fresenius terminates merger deal

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Shares of Akorn Inc AKRX, +165% plunged 36% toward a 5-year low in premarket trade Monday, after Germany-based healthcare company Fresenius SE & Co FRE, +000% said it terminated the deal to buy the generic drug maker Fresenius said over the weekend that its decision was due to Akorn's "failure to fulfill several closing conditions" In February, Fresenius said it launched an investigation into...

4 Quick Money Tips for Black Women Transitioning into Entrepreneurship

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A recent survey found that though many black women are confident and have dreams of entrepreneurship, they are not so confident when it comes to financial planning Northwestern Mutual, a leading financial services company, asked women about finances, 48% consider themselves confident, and more than one-third of women attribute this to not having a financial plan in place, the survey findings show...

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