Tag: Wall Street
Coming Soon to Cali: A “Zero-Fee” Public Banking Option
By Edward Henderson, California Black Media
On Oct. 4, Gov. Gavin Newsom signed legislation paving the way for a new public banking system in California.
AB...
Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result.
The Rise of Vice President Kamala Harris
Stacy M. Brown | NNPA Newswire Senior National Correspondent
Vice President Kamala Harris will be the most influential vice president of the 49 that we...
Wealth Gap Costs Over Last Two Decades: $2.7 Trillion in Black Income, $16 Trillion...
By Charlene Crowell, Senior Fellow with the Center for Responsible Lending
America’s persistent racial income and wealth gaps are the result of four intertwined factors: housing, education,...