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Just about everyone knows at least one person who never complains about money, even when the economy is bad. They always seem to have enough to meet their needs, splurge occasionally, and deal with unexpected emergencies—even though they may make less money than you do. Chances are, this person is a super saver: Someone who is great at living within their means, saving money, and never spending more than they have coming in. (Black Enterprise)
Visit http://www.blackenterprise.com/money/4-wealthy-habits-super-savers/ to view the full article online. |
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It might be common for corporations to make charitable donations. But a few companies go above and beyond with their philanthropic work, with initiatives like food drives, cancer walks, and even volunteer bonuses. Fortune partner Great Place to Work combed through more than 350,000 staffer surveys to compile this list of the U.S. companies employees feel are doing the best job at giving back. (Fortune)
Visit http://fortune.com/2017/02/09/best-workplaces-giving-back/ to view the full article online. |
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Tax season is here, and while you have until April 18 to file your return, you may want to think about doing so sooner rather than later. Here are a few expert tips on why. (USA TODAY)
Visit http://www.usatoday.com/story/money/personalfinance/2017/02/08/why-s-good-idea-file-your-taxes-early/97576444/ to view the full article online. |
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Prestige management consultancy firm Bain & Company is on track to snap up a record number of MBAs in 2017. Keith Bevans says the world’s most sought-after advisory firm is planning to grow recruitment of consultants, most of whom are MBAs, past last year’s biggest ever haul of more than 400. (Business Because)
Visit http://www.businessbecause.com/news/mba-careers/4391/bain-to-hire-record-number-of-consultants to view the full article online. |
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The main reason for the gender gaps at work — why women are paid less, why they’re less likely to reach the top levels of companies, and why they’re more likely to stop working after having children — is employers’ expectation that people spend long hours at their desks, research has shown. It’s especially difficult for women because they have disproportionate responsibility for caregiving. (The New York Times)
Visit https://www.nytimes.com/2017/02/07/upshot/how-to-close-a-gender-gap-let-employees-control-their-schedules.html?ref=economy to view the full article online. |
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Bain & Company plans to hire a record number of consultants in 2017, most of whom will be MBAs. Bain is a top recruiter at most of the top-20-ranked MBA schools such as Columbia Business School and INSEAD of France. The firm employs 6,000 in 53 offices in 34 countries. So what can business school students do to land a coveted job there? (Business Insider)
Visit http://www.businessbecause.com/news/inside-view-top-jobs/4399/inside-view-bain-company-2017 to view the full article online. |
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Millennials at top employers—and the recruiters who hire them—explain how to land internships and entry-level jobs that don't suck. (Fast Company)
Visit https://www.fastcompany.com/3067962/hit-the-ground-running/what-it-takes-to-start-your-career-at-facebook-buzzfeed-nike-and-refi to view the full article online. |
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The tech industry has poured an estimated $1.2 billion into diversity initiatives over the past five years, according to Intel and Dalberg’s 2016 Decoding Diversity study, yet the investment has barely moved the needle. Racial and ethnic minorities today secure only 1% to 2% more available jobs in the industry than they did 15 years ago, according to the same report. (Fast Company)
Visit https://www.fastcompany.com/3067987/innovation-agents/is-it-time-for-investors-to-tie-executive-compensation-to-diversity-goals to view the full article online. |
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Meet the new generation of permatemps in Europe. While the region’s economy is finally recovering, more than half of all new jobs created in the European Union since 2010 have been through temporary contracts. This is the legacy of a painful financial crisis that has left employers wary of hiring permanent workers in a tenuous economy where growth is still weak. Under European labor laws, permanent workers are usually more difficult to lay off and require more costly benefit packages, making temporary contracts appealing for all manner of industries, from low-wage warehouse workers to professional white-collar jobs. (The New York Times)
Visit https://www.nytimes.com/2017/02/09/business/europe-jobs-economy-youth-unemployment-millenials.html?ref=business&_r=0 to view the full article online. |
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Executives in our global economy are expected to be more tech savvy, more worldly and better managers — all while picking up the pace. What can you do to stand out in this mass of humanity? An MBA is one way to go. Candidates seek graduate degrees to advance their career, develop leadership skills, prepare for entrepreneurship and increase earning potential. (Chicago Business Journal)
Visit http://www.bizjournals.com/chicago/news/2017/02/08/5-ways-to-finance-your-mba.html to view the full article online. |
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A recent study by the Federal Reserve Bank of St. Louis came to a jarring conclusion: African-Americans with a post-graduate degree are still less wealthy than whites and Asians with only a two to four year undergraduate degree, researchers Researchers William Emmons and Lowell Ricketts concluded. (Forbes)
Visit http://fortune.com/2017/02/06/federal-reserve-st-louis-minorities-wealthy-study/ to view the full article online. |
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The National Black MBA Association has mentored more than 8,000 students, Jesse Tyson, president and CEO of the National Black MBA Association, talks about the important role mentoring plays in the organization. (Black Enterprise)
Visit http://www.blackenterprise.com/education/cultivating-tomorrows-business-leaders-today/ to view the full article online. |
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When you attend conventions or business meetings, you’ve probably seen those impressive, young, entrepreneurs wearing expensive clothes and driving luxury cars. At first glance, they appear to be pictures of success—all the signs of material wealth are there. If you’re working hard and trying to build your business, you may feel envious. You may ask yourself, "What are they doing right that I’m doing wrong? Where are my luxuries?" Want to know the truth? Chances are, they can’t afford them either. They’re in debt. They’re choosing image over economics. (Black Enterprise)
Visit http://www.blackenterprise.com/money/wealth-management-money/image-economics-establish-business/ to view the full article online. |
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The global shipping giant announced Tuesday the launch of FedEx Fulfillment, a logistics network for small and medium-sized businesses. Participating businesses will store their products at FedEx warehouses in the United States and Canada. FedEx will package and ship the products to customers. It's offering custom boxes with a brand's logo rather than with FedEx's own logo. (CNN)
Visit http://money.cnn.com/2017/02/07/technology/fedex-fulfillment-amazon/index.html to view the full article online. |
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Facebook said Wednesday that it's making three changes to stop housing, employment and credit-related ads on its network that discriminate based on personal attributes. (The Washington Post)
Visit https://www.washingtonpost.com/news/the-switch/wp/2017/02/08/facebook-cracks-down-on-ads-that-discriminate/?utm_term=.8f036d346f20 to view the full article online. |
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A growing body of research has shown the power of entrepreneurship to help solve the economic problems of disadvantaged groups such as women, immigrants and racial and ethnic minorities.This finding can be traced to a longstanding vision of entrepreneurship established by black Americans as a means of supporting their community and overcoming discrimination. The tradition enjoys enduring popularity as contemporary social surveys commonly report that more African-Americans regard self-employment as a desirable occupation than other racially defined groups. (The Conversation)
Visit http://theconversation.com/will-trumps-color-blind-pro-business-policies-help-black-entrepreneurs-too-71755 to view the full article online. |
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"Quality Above Anything Else" is the motto behind the e-commerce site, Perfect Tux, which launched in March of 2016 and was founded by Steven Burton, a long time e-commerce veteran with over ten years of formal wear industry experience. Perfect Tux throws out the traditional tux rental model in favor of reasonably priced, unique and trend friendly items for purchase. Perfect Tux is on track to hit $300,000 in revenue by the end of the month and continues to show explosive growth; all in under a year. (Black News)
Visit http://www.blacknews.com/news/steven-burton-black-owned-tuxedo-retailer-perfect-tux-hits-six-figures-in-less-than-a-year/#.WJyaTBsrLGg to view the full article online. |
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For more than seven decades, "Ebony" magazine has chronicled the most important African-American issues, personalities, and interests of its time, including operating essentially as the journal of record for the civil rights movement. But along with most other media companies, the publication faced stark challenges to survive in the rapidly changing media landscape of 2015. Senior lecturer Steve Rogers discusses Ebony magazine’s storied history, including its founder’s awareness of disruption theory years ahead of time, and what the company has meant for the black community. (Harvard Business School)
Visit http://hbswk.hbs.edu/item/black-business-leaders-series-the-entrepreneurship-behind-ebony-magazine to view the full article online. |
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Now that President Donald Trump has taken office and the Republicans control both chambers of Congress, major tax reform is likely on the way that could meaningfully benefit small businesses across the country. (Entrepreneur)
Visit https://www.entrepreneur.com/article/288857 to view the full article online. |
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The majority of states now sit below 5% unemployment, which is in sync with the Federal Open Market Committee’s estimated longer-run normal rate. However, while every state has reduced their jobless number from 2010, the majority of states have yet to pass their 2007 numbers. 33 states are still above their prerecession values and show the recovery has been uneven. (Market Watch)
Visit http://www.marketwatch.com/story/most-states-still-have-jobless-rates-above-prerecession-levels-2017-02-09 to view the full article online. |
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Small homes — even ones that measure less than 400 square feet — are becoming increasingly popular. Besides being cheaper to buy, small houses might also be better investments than larger ones, according to a new report from financial-services company Nerdwallet. (Business Insider)
Visit http://www.businessinsider.com/are-smaller-homes-valuable-2017-2 to view the full article online. |
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The gap between blacks and whites in income is big, but nowhere near as big as the gap in wealth. According to the Federal Reserve’s Survey of Consumer Finances, as of 2013 the median white household had $13 in net wealth for every $1 in net wealth of the median black household. For whites vs. Latinos, the gap was only a bit smaller, $10 vs. $1. (Bloomberg)
Visit https://www.bloomberg.com/news/articles/2017-02-08/the-big-reason-whites-are-richer-than-blacks-in-america to view the full article online. |
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Talking about money can be hard, but not if you’re a financial guru with thousands of loyal fans who walk your money talk. In honor of Black History Month, we asked some personal finance experts to share their experiences and financial lessons, and to reflect on the significance race has on their financial lives and the advice they give their followers. (SFGATE)
Visit http://www.sfgate.com/business/personalfinance/article/African-American-Financial-Gurus-to-Follow-10911835.php to view the full article online. |
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A new report is out and it chronicles one of corporate America's oldest epic fails: An inability to fill major corporate boards with more women and minorities — the very groups that are increasingly becoming consumer, commercial and social powerhouses. (Chicago Tribune)
Visit http://www.chicagotribune.com/business/columnists/ct-board-directors-diversity-fail-robert-reed-0209-biz-20170208-column.html to view the full article online. |
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Amazon now has stores in a handful of big cities and on college campuses. And it has plans to open up several more. But could the company's next big move be the acquisition of an actual brick-and-mortar retail chain? (CNN Money)
Visit http://money.cnn.com/2017/02/09/investing/amazon-brick-and-mortar-stores/index.html?iid=hp-stack-dom to view the full article online. |
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From the bustling streets of Manhattan to the quiet wilderness of the Sierra Nevada Mountains, the National Park Service preserves many pivotal, but lesser known, sites related to the African American experience. These places are among the dozens of national parks that convey stories of soldiers, educators, musicians, entrepreneurs, and freed slaves who blazed trails for all to follow. During African American History Month, the National Park Service will laud their accomplishments at hundreds of special events throughout the country, including festivals, concerts, panel discussions, author lectures, guided walks, and ranger programs. (scvtv)
Visit http://scvnews.com/2017/02/07/ten-important-african-american-sites-in-national-parks-you-might-not-know/ to view the full article online. |
