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Black MBA NetWire
arrows February 7, 2019
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National Black MBA Association was at Nasdaq this week! NBMBAA Board of Directors member Valarie Love joined the New York Leaders of Tomorrow to ring the Opening Bell this past Wednesday, February 6.

Check out the photos

See the video on CNBC

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You're looking to launch a new startup, but have no idea where you should go. Knowing the best cities and where you can find the best talent could be the difference between success and failure. Startup Genome has created a metric to rank the top 50 metro areas in the U.S. on seven key indicators – from funding to job creation. (Inc.)
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Believe it or not, there is a way to find a job while staying true to your interests, values and convictions. Here are three ways to achieve that. (Monster)
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In the midst of growing criticism that its company seriously lacked diversity, particularly in upper management, Amazon.com has named a black, female director to its all-white board. (USA TODAY)
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Career
One of the challenges of being in a profession that is underrepresented by minorities is that it can be difficult to find others with similar backgrounds and interests to network with. Many are now starting to find value in building their own professional communities. (Forbes)
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 As the elite firms seek more diverse talent, the proportion of new consultants with MBAs is shrinking. Global consulting company Bain & Company is among those who are broadening their reach beyond elite U.S. business schools. (FIND MBA)
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Diversity in the Workplace
Boston Consulting Group surveyed more than 16,000 employees in 14 countries to try and determine exactly what employees in underrepresented groups – women, racial and ethnic minorities and LGBTQ employees – think companies need to do to make real progress in diversity and inclusion. (Harvard Business Review)
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A recent global study from DDI, the Conference Board, and EY found that companies with greater gender diversity are twice as likely to have their leaders work together to create new solutions and opportunities, 1.5 times more likely to work across an organization’s silos and exhibit a growth culture, and 1.7 times more likely to have strong leadership. (Fast Company)
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International
China and Russia have kept Venezuela afloat by lending billions to the economically crippled country, sometimes with cheap oil thrown into the deal for the two creditors.  But now, It's not clear what happens to the debt if Nicolas Maduro is kicked out of office. (CNBC)
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The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession. (BBC)
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NBMBAA
During the weeklong CIAA basketball tournament, the National Black MBA Association will partner with the CIAA and the NBMBAA Charlotte chapter to host the Minority Business and Leadership Symposium on Feb. 28. The invitation-only session will gather 200 business executives, entrepreneurs and emerging leaders to focus on key areas including mentorship, capacity building and legisation. (QCity Metro)
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Wells Fargo
Technology
Despite turning its first annual profit in the fiscal year 2018, Twitter reported 321 monthly users in  October, November and December of 2018 – that's a decrease of five million users in the previous quarter, and nine million fewer than the same period one year ago. (CNN Business)
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Entrepreneurship
According to Market Research Report, the U.S. wellness app market is valued at more than $4 billion, and this growing market could translate into huge opportunities for entrepreneurs. (Entrepreneur)
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What about Silicon Valley? Black entrepreneurs have discovered what many are calling the best tech scene in the country. Atlanta has a 52 percent black population, and it's brimming with entrepreneurs who benefit from great colleges, corporations, and culture. (Inc.)
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Personal Finance
Reflecting a sharp demographic divide in this nation, a new survey reveals that how financially secure you feel in America depends on how old you are, your race, education and most of all – your income. (Seattle Times)
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Corporate America
BB&T announced today that it plans to purchase SunTrust Banks for approximately $28.1 billion in stock. It would be the biggest bank merger in the U.S. since the 2008 financial crisis, and make it the nation's sixth-largest bank. (The New York Times)
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Four years after a group of Target employees convinced the company to test a line of products during Black History Month, the national retailer is exapanding the concept this year – with 700 of its 1,850 stores scheduled to carry Black History Month items throuhgout February, in stores and online. (Star Tribune)
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Lifestyle
Publisher Muson Steed writes about why he believes Atlanta is a bastion of Black intellectual capital cultivated in music, business and centers of higher education, including Spelman College, Clark Atlanta University and Morehouse College. (Rolling Out)
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