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Black MBA NetWire
arrows April 25, 2019
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Top News
Funding opportunities for small and midsize businesses have been considerably up and down over the past few years. Here are two significant ways that these trends will influence the way your SMB interacts with its lenders. (Business.com)
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Getting the maximum benefit out of your Roth IRA depends heavily on making the right investment choices. The flip side of that is knowing which Roth IRA investments to avoid. (Forbes)
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A recent study by the McKinsey Globan Institute predicts automation will eliminate 73 million jobs by 2030. If you're worried, you should be. If this is true, 43 percent of the jobs that exist right now will no longer exist.  (Entrepreneur)
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Wells Fargo
Career
No matter how much you enjoy your job, it's natural to lose job satisfaction as the years pass. So how do you find a way to retain happiness at work through the years? Here are a few tips. (Fast Company)
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Career coach Abby Wolfe recommends a company-first approach for anyone searching for a new job. By doing so, you're more likely to find a job you love. Here are some other reasons chooing a company instead of a role is beneficial. (The Muse)
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Diversity in the Workplace
Speaking on a panel about female entrepreneurship at the TIME 100 Summit, supermodel, media mogul and entreprenuer Tyra Banks emphasized that diversity in the workplace needs to be a priority and that the urgency for change comes from the top down. (TIME)
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Since men still hold most power, women ascending the career ladder often need sponsorship from an influential male leader. Leaders from Target, Campbell Soup, and Bloomberg provide insight. (Fast Company)
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International
Nigel Farage, the former leader of the U.K. Independence Party who helped get the Brexit referendum passed, is back running for political office – mainly because the U.K. has failed to come up with a viable solution on how to exit the European Union. (TIME)
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According to a new study by the European Central Bank, nearly a year after President Donald Trump imposed tariffs on European steel and aluminum, real damage to the exports has been unexpectedly mild. (The New York Times)
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Entrepreneurship
Despite the rise of businesses owned by Black women, annual sales by those businesses, are close to five times smaller than for all women-owned businesses. To help black female entrepreneurs succeed, Fund Development coach Pamela J. Oakes suggests that these entrepreneurs must seek out and invest in business coaches and mentors to help them ramp up their business knowledge. (The Seattle Medium)
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Personal Finance
Twenty-five million Americans are between the ages of 55-64, and many are wondering what they will live on when they retire. It may be that trying to find ways to make your investments last the rest of your life may be the hardest part of the equation. (The Washington Post)
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College debt has turned into a hot political debate, and earlier this week Sen. Elizabeth Warren introduced a plan that included cancelling up to $50,00 in student loan debt for anyone with a household incomd of less than $100,000. But financial analysts say that any college student who is graduating this year should not count on having their student loans forgiven – no matter what candidates are proposing. (Detroit Free Press)
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Corporate America
With unemployment at historically low numbers, McDonald's is turning to a new employee demographic to help fill the vacancies in its stores: older Americans. The fast food chain announced this week it is partnering with AARP to help attract workers who are 50 and over. (CNN Business)
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Government
President Trump's presumptive nominee for the Federal Reserve, Herman Cain, withdrew from consideration earlier this week, but the President is not backing away from his plan to name allies for the two remaining open spots on the board. (The Washington Post)
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Lifestyle
In a new documentary by filmmaker Stanley Nelson, Jr., Chicago is highlighted for its history of being a major player in creating wealth for the black community. The documentary: "Boss: The Black Experience in Business", explores the history and lives of African American entrepreneurs over the past 150 years. (Chicago Tribune)
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