business
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Elon Musk, who was confirmed this past weekend to not be joining the Twitter board after all, has been sued by a shareholder. Per Reuters, a proposed class action filed in Manhattan federal court this week sees the shareholder arguing they and others were negatively impacted by Musk’s “delayed disclosure” of his investment. As previously reported, the […]
The demise of Kmart continues this week, as the former retail giant announced the closure of one of its last four remaining stores. The Associated Press reports the Avenel, New Jersey location will close permanently on April 16, leaving just three Kmarts in the United States. The remaining stores are in Westwood, NJ, Bridgehampton on Long Island, and Miami. Kmart, which […]
T-Pain took to Instagram this weekend to call out an impersonator using his name to send emails in an effort to scam people out of money. The artist shared a screenshot of one such message, which contains several grammatical errors and claims “NAPPY BOY ENTERTAINMENT” is offering “marketing /Distribution publishing deals” in exchange for “a small fee of […]
Joe Biden has announced a historic plan to bring down the rising costs of fuel. On Thursday, the President confirmed the United States is expected to release up to 1 million barrels of oil per day from America’s strategic reserves. CNN reports the move will mark the largest withdrawal from the reserve since it was created in 1974. According […]
6ix9ine’s business manager Wack 100 isn’t shying away from discussing the Brooklyn rapper’s money problems. Shortly after it was reported that 6ix9ine was “struggling to make ends meet,” Wack confirmed that the 25-year-old rapper is struggling financially during a Clubhouse session. “Yeah, he broke as a motherfucker,” Wack explained. “That n***a 6ix9ine ain’t got nothing! […]
A former business partner of Akon argues in recently filed court documents that the “Lonely” artist’s Senegal city plans can be likened to a Ponzi scheme. Per a report from Page Six this week, Devyne Stephens—who was previously reported to have sued Akon for millions—is now asking a judge to freeze the singer and entrepreneur’s New York […]
Some good news—women entrepreneurs are on the rise in Canada. There are currently over 360,000 self-employed women in the Great White North—that’s an increase of about 30 percent over the last decade. Not only is that encouraging for women looking to get into business, it’s encouraging for the economy—research shows boosting the number of women entrepreneurs in the […]
Just three months after he was cleared in a lawsuit that claimed he breached an endorsement deal with Parlux Fragrances, Jay-Z is on the winning end of another judgement. Page Six reports that an appellate court ruled on Thursday that Jay and his company “are entitled to summary judgment on their royalties counterclaim.” As a result, Hov is entitled […]
Every dollar you spend is a vote towards the kind of world you want to see. So why not vote for equality? Not only are Black business owners twice as likely to be rejected for loans, they’ve been hit the hardest by the pandemic. Where you choose to shop can make a difference. The good […]
Nearly two years after it was announced that Spotify struck a licensing deal with Joe Rogan for a reported $100 million, a new report suggests that Rogan’s deal is worth double. “Two people familiar with the details of the transaction” told the New York Times that the three-and-a-half year deal is worth at least $200 million, with the […]
