Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisors, and has also agreed to additional ‘programmatic relief’ to improve diversity and inclusion.
Category: BUSINESS
Posted inSponsored
Beyond Rent: How Owning a Home Builds Equity and Financial Security
Homeownership offers a multitude of advantages, including building equity, financial benefits, stability, flexibility, a sense of achievement, and long-term wealth building, making it a cornerstone of personal and financial well-being.
Posted inAfro Events
Replay available: The AFRO returns with fourth annual Black Business Matters ExpoÂ
The AFRO is hosting the Black Business Matters Expo to celebrate and uplift small Black-owned businesses, featuring workshops, musical performances, and interviews with industry experts and emerging entrepreneurs.
Posted inBUSINESS
Black businesses are growing in the U.S., but challenges remain
Black businesses are on the rise in the US, but despite comprising nearly 14% of the population, they own just about 3% of the country’s businesses, and there is a need for more capital access and spending with Black-owned businesses to close the racial wealth gap.
Posted inU.S. Government
Black small businesses point to sales boosts as potential TikTok ban looms in the distanceÂ
Black-owned businesses have generated $14.7 billion in revenue through advertising on TikTok in 2023, with 83% of them experiencing sales increases, and 59% of them using the app to hire a new employee.
Posted inBUSINESS
Wifey Wines: Bringing African-American culture to the world of wine and spiritsÂ
Wifey Wines, co-founded by Marilyn Van Alstyne, aims to make wine drinking experiences more enjoyable and accessible to Black women, and is launching a new line of ready-to-drink cocktails mid-summer.
Posted inBUSINESS
Love and business: Merging marriage and entrepreneurship at Liquid Intrusion Brewing Company
Andrew and Jasmine Dill, the dynamic duo behind Liquid Intrusion Brewing Company, have successfully balanced their personal relationship with the demands of running a business, while also promoting diversity in the craft beer industry and launching the first Black-owned brewery in Prince George’s County.
Posted inTravel
How gas prices have changed in Maryland in the last week
Gas prices in Maryland remain essentially unchanged over the last week, with the average price of gas per gallon hovering in the $3 range this summer, and a near-record number of Americans are expected to hit the road for travel between Memorial Day and Labor Day.
Posted inBUSINESS
STEM City platform to host AFRO’s fourth annual Black Business Matters Expo
The AFRO’s fourth annual Black Business Matters Expo will be hosted on Career Communications Group’s metaverse platform, STEM City USA, to celebrate small business and provide access to resources for Black entrepreneurs.
Posted inBUSINESS
In the beauty space: How Madhyatu Taylor merges culture and luxuryÂ
Djam All Naturals is a beauty and homegoods brand that offers a series of products carefully curated with the highest quality ingredients and materials, and is expanding with the addition of herbal teas.
Posted inBaltimore Community
Black Leadership Circle: Meet the local auxiliary group advocating for Black communities
The Black Leadership Circle is a new auxiliary group dedicated to providing a safe space for Black leaders in the Baltimore area, with a focus on uplifting the Black community and supporting a pipeline for leadership positions in the Black profession.
Posted inBUSINESS
AFRO News to host Black Business Matters Expo 2024
The AFRO is hosting the Black Business Matters Expo 2024 on May 30, featuring a lineup of top-notch speakers and special performances, and is supported by sponsors including Chase, United Bank, TEDCO, United Way of Central Maryland, Giant, Security Plus Federal Credit Union, PNC Bank and Live Casino and Hotel.