Black culture · business · wealth
Money angleCardi B is expanding Grow-Good into NYC beauty supply stores, prioritizing Black-owned retailers rather than launching directly with larger chains.
Money angleTexas-based Cloverleaf secured a 20-year tax abatement worth $1.1 billion for Project Red Clay, a proposed 800-acre data center in Lowndes County, Alabama.
Money angleThe article reports that median Black household net worth fell 25%, from $49,100 in 2022 to $36,800 in 2025, while White, Hispanic and Asian households gained wealth.
Money angleShares of multibrand restaurant companies Brinker and Darden are outperforming single-chain peers McDonald's and Chipotle.
Money angleNvidia’s shift from chipmaker to AI financier is raising investor concerns about its exposure to the AI buildout.