Morehouse College Cuts Spending As Enrollment Drops
Morehouse College says it will furlough faculty and staff and make other budget cuts because of a drop in enrollment. The Atlanta college is teaching 2,360 students — about 125 fewer than projected, Interim Provost More...
Oprah Winfrey Tops Forbes’ List of Hollywood’s Highest-Paid Women
Not too much of a surprise here. Forbes magazine released their list of Hollywood’s Highest-Paid Women, and the No. 1 spot went to none other than Oprah Winfrey, who also topped the mag’s list of highest More...
Neilsen Report: Black Spending Power ‘Still Vital, Still Growing’
Market-research firm Nielsen and the National Newspaper Publishers Association (NNPA) reported that African Americans still have plenty worth taking to the bank. In a follow up to their 2011 “State of the More...
Young African American College Grads See Themselves as More Disciplined Financial Planners
Young African American college graduates say they are much more serious about reaching financial goals than previous generations, according to new Northwestern Mutual research. A large majority (70 percent) of 18-to-34-year-old More...
Dr. Dre Unseats Jay-Z as Hip-Hop’s Richest Star
Raking in a whopping $110 million in pretax earnings, Dr. Dre unseated Jay-Z as the richest star in hip-hop, Forbes reports in their annual Cash Kings list. Though his long-awaited record Detox is still, well, awaited, More...
Tiger Woods Becomes First To Top $100 Million In PGA Earnings
As recently as last year, much was written about Tiger Woods’ fall - not only from the top of the golf world but also from the ranks of the planet’s richest athletes. With sponsors (and his wife) More...
Beyonce and Jay-Z Top Forbes’ Highest-Paid Celeb Couples List
Beyonce and Jay-Z have earned the top spot on Forbes’ list of the world’s highest-paid celebrity couples. The duo came in ahead of last year’s winners, model Gisele Bundchen and New England Patriots More...
Feds Fine Wells Fargo Over Discrimination Claims
Wells Fargo Bank (WFC) will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced More...
Robert L. Johnson Calls For New Focus On Wealth Creation In The Black Community
In an address to the Conservative Black Forum hosted by Congressman Allen West (R-FL-22) focusing on the economic empowerment in the African American community, Robert L. Johnson, founder and chairman of The RLJ More...
Singer R. Kelly owes IRS nearly $5 million
R&B star R. Kelly, who last year saw his suburban Chicago mansion fall into foreclosure, now has theInternal Revenue Service at his door. Documents with the Cook County Recorder of Deeds show the recording More...
Report: Oprah Winfrey Network Losses Approach $330 Million
Oprah is reportedly facing some steep financial headwinds as she tries to turn her struggling cable network around. The woes that have befallen the Oprah Winfrey Network are by now the stuff of legend: the low ratings. More...
Elderly Minority Americans struggle with Economic Insecurity
Most elderly retired Hispanic, African American and Asians living in the United States have difficulty covering basic daily expenses and have no economic security, new research shows. Single retired people need More...
Study: Retirement Plans of African-Americans and Hispanics Hit Especially Hard During Tough Economy
Continued economic uncertainty has led all workers to dip into their retirement savings, but minorities have been the hardest hit, according to a new study from Ariel Education Initiative and Aon Hewitt. Compared More...
Obama Unveils New Student Loan Measures
President Barack Obama recalled his struggles with student loan debt as he unveiled a plan Wednesday that could give millions of young people some relief on their payments. Speaking at the University of Colorado More...
David Banner Warns African American Stars To Spend Money Wisely
Rapper and entrepreneur David Banner is no stranger to the fame game, but instead of flaunting his fortune, he’s trying to help other rising stars keep their finances in check. In a recent column on BlackEnterprise.com, More...
