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Black MBA NetWire
arrows March 30, 2018
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In an effort to combat the under representation of African Americans in business schools, the NBMBAA has established 40 collegiate partnerships with schools to provide scholarship funding to black students. (Business Because)
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Employees of all ages have work and money-related anxiety, and younger workers are no exception. Bank of America has compiled data to show what Millennials are currently most concerned about. (USA TODAY)
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LendingTree studied data from more than 80,000 new small-business owners who sought capital through its small-business loan marketplace and compiled a list of where they thrive and where they tend to fail. Here are the Top 10. (Fast Company)
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CVS Health Corporation
Career
Making sacrifices is a part of life, but if you're making long-term sacrifices that are negatively affecting your life, health, and happiness, it may be time to reevaluate. And the time is now, not when it's much too late to make changes. Here are 10 important career lessons many people don't find out until it's too late in life. (LinkedIn)
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Stress in the workplace goes with the territory. There is just no way around it: sometimes the job is stressful. But how do you recognize when you're just going through a stressful period or something more serious is occurring? Here are some signs. (LinkedIn)
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Diversity in the Workplace
A growing number of new, smaller companies, along with increasing numbers of older, more established companies going out of business, has led to this: racial segregation in U.S. workplaces is greater today than it was in the 1970s, according to new research by sociologists from Stanford University and Harvard Business School. (SHRM)
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The founder of the haute street wear label Off-White and a longtime creative director for Kanye West, Virgil Abloh has been named the new artistic director of men’s wear at Louis Vuitton, one of the oldest and most powerful companies in the European luxury business. He is Louis Vuitton’s first African-American artistic director, and one of the few black designers at the top of a French heritage house. (The New York Times)
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After retail giant H&M was raked over the coals on social media earlier this year for selling a hoodie with "coolest monkey in the jungle" by using a young, black model, the company hired a four-person team to focus on diversity and inclusiveness. (The New York Times)
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International
Gujarat International Finance-Tec City, or GIFT City. That's the name of the new city India that will encompass 889 acres in an effort to give international investors easy entrance into India's growing economy. (CNN Money)
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Naylor Association Solutions
Education
The first museum in the world dedicated to highlighting HBCUs has opened its doors - a 638-square-foot storefront in Washington, D.C., where the history and impact of HBCUs on black culture in America is exhibited through historic photos and memorabilia from the schools and some of their best-known graduates. (Smithsonian.com)
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Billionaire Shark Tank star Kevin O'Leary said there is great value in earning an MBA degree for aspiring entrepreneurs, but it may not necessarily be for the obvious reason. (CNBC)
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Earning a MBA from one of the nation's top business schools could easily cost more than $200,000. To ensure you finish school without a mound of debt, here are six ways you can help reduce the costs on your way to earning that graduate degree. (U.S. News & World Report)
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Technology
A personality quiz on Amazon’s Mechanical Turk received multiple complaints in 2014, but the quiz-makers continued to use the platform for at least another year. (Fast Company)
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It has been a tough week for the technology companies in America, and nowhere is that more evident than the stock market, where sell-offs are putting major pressure on other stocks. (CNBC)
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Entrepreneurship
American business owners are trying to understand the impact of the new tax law on their businesses, themselves, and their families. Small business owners should now be planning for the 2018 tax year and setting up their operations to minimize their tax liability. (Black Enterprise)
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According to the Minority Business Development Agency, people of color are three times more likely to be denied for loans, and several studies over the past decade have revealed that women and non-white entrepreneurs face bigger obstacles when seeking small business loans. (KERA News)
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The Economy
Amazon's ability to operate its company without collecting state sales taxes for "third-party" sellers has once again raised the ire of President Donald Trump and brought the practice back into the national conversation. (CNBC)
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Despite concerns about tariffs and a volatile stock market, a University of Michigan survey says consumer confidence is at its highest in 14 years, aided by expected growth. (Bloomberg)
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Personal Finance
Apartment rent increases slowed further in the first quarter, and combined with faster wage growth, is expected to ease financial stress for low- and middle-income households over the next couple of years. (USA TODAY)
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Corporate America
A study of more than two dozen Gap retail stores in the Chicago and San Francisco areas is trying to disprove the presumption that stable schedules are too costly for the company. The study, conducted by a team of researchers approved by the company, shows that more predictable and consistent hours aren’t just compatible with profitability, they can significantly improve a store’s bottom line. (The New York Times)
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