business
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Beyoncé’s philanthropic foundation BeyGOOD has teamed up with the NAACP to provide a number of $10,000 grants to black-owned businesses that were severely affected in recent months. The Black-Owned Small Business Impact Fund will award the grants to businesses in particular cities—Houston, Atlanta, New York, Los Angeles, and Minneapolis—that are struggling during the COVID-19 pandemic […]
On July 1, American Airlines stopped blocking the middle seat on its flights, a policy that was put in place in April in an effort to maintain social distancing among passengers in wake of the COVID-19 pandemic. That same day, the United States reported a record high of 52,358 new coronavirus cases. The daily total has dipped below 50,000 twice […]
YoungBoy Never Broke Again may just be 20 years old, but he’s one of hip-hop’s biggest acts. As a result, the rapper is seeking full ownership of his art but he’s saying record labels aren’t willing to budge. On Wednesday, YoungBoy took to his IG Stories and claimed that he was willing to give his record label […]
Miami-Dade Mayor Carlos Giménez announced on Monday that he will be signing an emergency order that will close businesses in the area, the local Fox affiliate reports. Mayor Giménez’s order will close dining rooms, ballrooms, banquet facilities, party venues, gyms, and fitness centers, and short-term rentals in Miami-Dade County. Restaurants will still be allowed to stay open, […]
As the deaths of George Floyd, Breonna Taylor, Tony McDade, and countless others have sparked a global uprising against racial injustice, protesters have revisited another avenue to push the agenda—Black capitalism. On July 7, 2020, #BlackoutDay2020 aims to unite Black people in economic solidarity through a campaign encouraging participants to support Black-owned businesses exclusively. Similar digital […]
NPC International, the largest franchisee in the United States for Pizza Hut, filed for Chapter 11 bankruptcy on Wednesday, CNN Business reports. The franchisee also owns almost 400 Wendy’s locations. The filing was the last resort for NPC, which has been dealing with prolonged restaurant shutdowns due to the coronavirus, struggling business, a debt burden […]
Two weeks ago we told you that Chuck E. Cheese might file for bankruptcy. You can now change that might part to will. Late Wednesday the parent company for that host of legendary pizza parties, CEC Entertainment, filed for Chapter 11 bankruptcy protection while pointing the finger at the “financial strain” from the coronavirus as the cause […]
LeBron James, joined by his longtime business partner Maverick Carter, had an exclusive interview with Bloomberg Business Week via Zoom on Thursday morning, where he said the NFL still owes Colin Kaepernick an apology. “As far as the NFL, I’m not in those locker rooms, I’m not with those guys but I do understand that an apology, I have not […]
Amazon announced on Wednesday the launch of the Counterfeit Crimes Unit, a global team consisting of former federal prosecutors, investigators, and data analysts, who will work with the online retailer on preventing knockoffs from making their way into its stores. This newly-established task force will not be required to identify counterfeiters, but rather, use their respective skills to punish any […]
Neville Ray, president of technology at T-Mobile, acknowledged in a tweet Monday afternoon that the company was “working to resolve a voice and data issue” which was impacting customers across the United States. According to the service tracker Down Detector, T-Mobile started seeing a substantial spike in reports between 12 and 1 p.m. ET. The number of reports reached its peak of over 101,000 a few […]
