Top News
Black women are the fastest growing group of entrepreneurs in America, and many are succeding like never before. Several women of color were recently named on America’s Richest Self-Made Women list, published by Forbes. Here’s a look at the black women who made the list. (Black Enterprise)
Visit https://www.blackenterprise.com/richest-black-women-rihanna-net-worth/ to view the full article online.
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Career
Sitting down with someone who has been turning in low quality work and talking with them about it isn’t how most people like to spend their days. But it’s important to do it respectfully and in a timely manner, if you care about your and your team’s success. (The Muse)
Visit https://www.themuse.com/advice to view the full article online.
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From the outside looking in, everything may look great. You've been in the same job for 10 years, you've moved up the ranks in your field of expertise, and you're making pretty good money. There's only one problem: You hate the job. If you're thinking about a mid-career change, make sure you do it right. Here are seven things to consider when making a career change. (Monster)
Visit https://www.monster.com/career-advice/article/worst-career-change-mistakes to view the full article online.
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Diversity in the Workplace
Education
According to a report in The Chicago Tribune, the University of Illinois at Chicago will invest about $1 million in an initiative to recruit and train male elementary education majors of color, similar to how universities recruit and train star athletes. Why is that so important? Because one black teacher in third through fifth grades reduces a black student's probability of dopping out of high school by 30%. (Black Enterprise)
Visit https://www.blackenterprise.com/attacking-the-2-problem-black-male-teacher-recruitment/ to view the full article online.
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NBMBAA
National Black MBA Association® launched the Scale-Up Pitch Challenge in 2017 which works to satisfy the mission of the Association to help create and support wealth building opportunities for its members, with previous winners experiencing great success with investors due to exposure and funding provided through this challenge. This challenge is a pitch competition designed to “Make Big Ideas Bigger” by encouraging our members to create startups that are scalable. We provide startups the unique opportunity to connect with early stage investors and venture capitalists who are ready to invest. Culminating at the 41st Annual Conference & Exposition in September, the winning team will be awarded a $50,000 Grand Prize, with additional to prizes for 2nd place and 3rd place as well as a People’s Choice Award. . If you think your startup embodies a “Big Idea” that can be even bigger, this challenge is for you!
Visit https://nbmbaa.org/scale-up-pitch-challenge/ to view the full article online.
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Technology
Apple announced earlier this week that it would phase out iTunes on its upcoming operating system in favor of three new apps: Music, TV and Podcasts. Though iTunes as we know it will be no more, you don't have to worry about losing those iTunes playlists you made back in the summer of 2006. The platform's features will still exist on macOS Catalina – they'll just be spread out across the different apps, similar to how they are on iOS. (CNBC)
Visit https://www.cnbc.com/2019/06/04/apple-is-shutting-down-itunesheres-what-will-happen-to-your-music.html to view the full article online.
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The Economy
Economists polled by Refinitiv anticipate that the Labor Department's jobs report out today will show 185,000 jobs were added in May, with the unemployment rate holding at a very low 3.6% — still a healthy pace, even if slightly below the 218,000 over the past year. Average hourly earnings growth is expected to come in at 3.2%, which would be the eighth month above the 3% mark. (CNN)
Visit https://www.cnn.com/2019/06/06/economy/may-jobs-report-walkup/index.html to view the full article online.
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Personal Finance
You might assume things have drastically changed for black people seeking home ownership since the Fair Housing Act was passed in 1968, but you would be wrong. According to the U.S. Census Bureau, the homeownership rate among white Americans is 73.2%, while the black homeownership rate stands at 41.1%. In comparison, 42% of black households owned their homes back in 1970, two years after housing discrimination based on race, color, religion, and national origin was outlawed. (Black Enterprise)
Visit https://www.blackenterprise.com/cities-highest-percentage-black-homeowners/ to view the full article online.
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