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Business News
Explore international business news and insights into the ever-evolving landscape of Black business news, featuring success stories, economic developments, and innovations within the Black community. Whether you’re looking for emerging opportunities, key industry updates or features on business leaders, our business section keeps you connected and ahead of the curve.
From teen mom to triumph: Claudienne Hibbert-Smith honored for $377M in real estate sales in one year
Claudienne Hibbert-Smith became a mother at the age of 14, but she didn’t let this deter her from pursuing her dreams. She graduated from Miami Carol City & University of Florida, and by age 21, she had earned her real estate license and purchased her first duplex, beginning a career that would change her life…
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How Russell Wilson, Ciara quietly built children’s brand that surpassed $100M in sales in 2024
In June 2021, Russell Wilson and his wife, Ciara, launched a children’s clothing line...
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Angela Miller-May: How a sharecropper’s grandchild rose from bank teller to $55bn pension fund CIO
Angela Miller-May’s grandparents were civil rights activists who, in 1968, became part...
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Jay-Z’s bid to become first Black casino owner in Times Square rejected
A six-person community advisory committee on Wednesday rejected a proposal from rapper Jay-Z’s...
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P.F. Chang’s agrees to pay $80k to job applicant who wasn’t hired after asking for Sundays off
Restaurant chain P.F. Chang’s China Bistro, Inc. has agreed to give thousands of dollars to a job applicant who was not hired last year. According to the U.S. Equal Employment Opportunity Commission...
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Jaden Smith, 27, makes history as Christian Louboutin’s first men’s creative director
Jaden Smith has been hired by Christian Louboutin as the first creative director for its men’s line. The American rapper and actor, who is the son of Will Smith and Jada Pinkett Smith, is moving...
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Dangote truck drivers reportedly earn more than graduates
The chairman of the Dangote Group, Aliko Dangote, has refuted claims that the roll-out of its over 4,000 CNG-powered bulk trucks could displace existing jobs. In June, the Dangote Refinery announced plans...
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Pope Leo says ‘we are in big trouble’ if Elon Musk becomes world’s 1st trillionaire
Pope Leo is not happy over reports that Elon Musk’s proposed Tesla pay package could make him worth more than $1 trillion. Leo expressed this feeling while criticizing executive pay packages during...
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This 63-year-old retiree runs the only Black-owned, year-round storefront snow cone shop in this Texas city
Janet Marsh, a retired U.S. Postal Service supervisor, isn’t sitting around doing nothing. She is the proud owner of Mesquite, Texas’s only Black-owned, year-round storefront snow cone shop,...
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Black woman chosen to lead $120 million airport concessionaire
Airport concessions firm Concessions International (CI), which was founded in 1979, will have a new CEO in October. The late H.J. Russell founded the company with two business partners – Felker...
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Walmart is coming to Africa, here’s what to expect
U.S. retailer Walmart announced on Tuesday, September 9, that it will open its first branded stores in South Africa by the end of 2025. The new stores will offer fresh groceries, apparel, technology products,...
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Elon Musk loses title as world’s richest person to college dropout
Elon Musk has lost his crown of “world’s richest person” to Oracle cofounder Larry Ellison. Ellison’s wealth increased by $101 billion as of 10:10 am in New York after Oracle Corp....
