Top News
Corporate America was blindsided last week when President Trump threatened to impose crippling taxes on Mexican imports in an effort to stop the flow of Central American migrants into the United States. Although the two sides eventually reached a tentative agreement, American businesses remain concerned as the try to navigate doing business in a quickly-shifting political climate. (Fortune)
Visit http://fortune.com/2019/06/12/trump-trade-war-tariffs-business/ to view the full article online.
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A new report conducted by executive search company Heidrick & Struggles projects that Fortune 500 boards will have an equal number of men and women by the year 2023. Currently, women fill 183 of 462 open board positions at these companies, but African-Americans held just 11% of new board seats.(Business Insider)
Visit https://www.businessinsider.com/fortune-500-companies-increased-gender-diversity-2019-6 to view the full article online.
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Career
When you're interviewing a job candidate, one of the most important things is finding a genuine fit. So why in the world would you avoid telling candidates the complete truth about a job? To hire effectively, you have to be honest about what working at your firm is like and what it takes to be successful. (Harvard Business Review)
Visit https://hbr.org/2019/06/stop-lying-to-job-candidates-about-the-role to view the full article online.
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Diversity in the Workplace
Education
The Wine Business Institute (WBI) in the School of Business and Economics (SBE) at Sonoma State University this week announced that its popular Certificate in Wine Industry Finance and Accounting will be offered online starting Fall 201. Classes will begin August 8. Completion of the finance and accounting certification program will now require two 8-week online courses, including Foundation & Best Practices of Wine Industry Accounting and Advanced Financial Management and Strategy for Wine Businesses. Additional wine business programs launching this fall include the online Certificate in Wine Business Management on September 12 and the Global Executive MBA in Wine Business in October 2019. (Wine Industry Advisor)
Visit https://wineindustryadvisor.com/2019/06/12/popular-certificate-wine-finance-accounting-offered-online-starting-fall-2019 to view the full article online.
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According to the U.S. Census Bureau, students who do not attend top business schools will most likely earn significantly less money. Salaries from business graduates at four flagship universities also show vastly different earnings potential. Of the 62% of MBA students who received a full-time offer after graduation and a base salary of more than $125,000, 522 attended the Top 25 business schools, according to Training The Street's annual MBA Student Survey. (Bloomberg)
Visit https://www.bloomberg.com/news/articles/2019-06-11/the-right-business-school-means-a-big-salary-difference 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
Airbnb is introducing Adventures, a collection of three- to seven-day trips that allow travelers to explore off-the-beaten-path destinations around the world. The all-inclusive trips include guides, meals, on-the-ground transport, and accommodations, along with any necessary gear. The company announced this new venture today. (Fast Company)
Visit https://www.fastcompany.com/90363322/airbnb-launches-adventures-its-foray-into-extreme-tours to view the full article online.
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Entrepreneurship
To become a successful entrepreneur, it is imperative that you continue to improve yourself personally and professionally. If this is the year you plan to make a strong attempt at entrepreneurial growth, here are five lessons you would be best suited to learn ahead of time. (Black Enterprise)
Visit https://www.blackenterprise.com/5-secrets-of-successful-entrepreneurs/ to view the full article online.
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Personal Finance
Mortgage rates dropped to their lowest level in nearly two years last week, causing mortgage applications to rise 26.8 percent in one week, according to the Mortgage Bankers Association. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.12% from 4.23%. (CNBC)
Visit https://www.cnbc.com/2019/06/12/mortgage-applications-soar-27percent-on-big-rate-drop.html to view the full article online.
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