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Black MBA NetWire
arrows July 25, 2019
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Turning 40 means facing the fact that you’re a full-fledged adult with responsibilities you can’t easily shake. It also means you should really have your finances in order. Here are five crucial money milestones you should aim to hit by the time you reach your fourth decade. (USA TODAY)
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In an interview earlier this week, Treasury Secretary Steven Mnuchin said he supports the Justice Department's formal antitrust review of the country's largest tech companies, particularly Amazon, which he said has ruined retail. (CNN)
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Tying paychecks into improving corporate accountability for sustainability is an incentive that may motivate executives to work on big strategic opportunities related to environmental, social, and governance (ESG) goals. (Harvard Business Review)
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Wells Fargo
Career
A new study by BambooHR, a leading HR business software provider, reveals why the new hire experience is broken, and what needs to be fixed. One of the major problems: Onboarding methods are failing. (Inc.)
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Lockheed Martin
Diversity in the Workplace
Embracing a diverse and inclusive workforce is something at the top of many executive agendas in the business world. Why? Because it can promote collaboration, innovation and make the business more resilient in an ever-changing consumer landscape. (Online Recruitment Resource)
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Entrepreneur Tiffany Pham created Mogul with a mission to bridge the leadership gender gap. Since its inception in 2014, the company has launched initiatives in technology, community, and education to inspire, connect, and advance women of all ages. (Forbes). 
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International
The common business belief is that no one wins in a trade war. But according to data from Japanese investment bank Nomura, Vietnam is the largest recipient of product orders diverted from the feuding nations, as importers attempt to avoid trade war tariffs. The value of orders diverted to Vietnam in the first quarter of the year was equivalent to 7.9% of the Southeast Asian nation’s GDP. Meanwhile the second largest recipient, Taiwan, only took on additional orders equal to 2.1% of GDP. (Fortune)
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In the midst of the forced resignation of Puerto Rico's governor Ricardo Rossello on Wednesday, the tourism division is trying to ensure that the increase in tourist visits that has helped the island recover following the devastation of Hurricane Maria continues. Currently, about 83,000 people are employed in the tourism industry. (Fast Company)
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Boris Johnson has promised the "beginning of a golden age" in Great Britain, and said his government would throw itself into Brexit negotiations with energy, while Michael Gove would lead on no-deal planning as a "top priority". (BBC)
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NBMBAA
Don’t miss this year’s Scale-Up Pitch Challenge hosted by Mathew Knowles, Phd, Founder & CEO of Music World Entertainment. The final three competitors will ladder up for a chance at winning a total prize pool of $50K.
 
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Technology
DoorDash CEO Tony Xu announced on Tuesday that the company will cease its policy of counting tips toward delivery persons' pay. The company has been under pressure over a system that forced the delivery people who work for the company to subsidize thier pay with tips. (Fast Company)
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Because of the high proportion of sales driven by first-page rankings from a desktop search, useless results mean lost revenue. That's a fact the e-commerce site Etsy had to discover the hard way. Now with better search results, Etsy is claiming both a technological and financial victory in its efforts at a comeback. (Fortune)
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Entrepreneurship
ICV Partners L.L.C., a black-owned, New York-based private equity firm has grown in stealth mode over the past two decades by becoming a consistently successful value creation machine among Black Enterprise 100s financial services companies. (Black Enterprise)
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Franchising your small business essentially means you can expand your business using "other people's money." But while that may be true, there are still other costs involved and a lot of work to put in before the pay-off is made. (Business.com)
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The Economy
The U.S. continues to have a strong labor market, but the economy has been hurt by the U.S.-China trade war and slowing growth overseas. Economic growth is still expected to have slowed sharply in the second quarter amid weaker exports and a smaller inventory build. (Reuters)
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Anheuser-Busch InBev is struggling with a massive debt load, but the company received some good news for investors today. Shares of AB InBev (BUD) rose nearly 6% after the Budweiser, Bud Light and Stella Artois owner reported solid sales and earnings. The company said demand was strong in several key markets, most notably Mexico, Brazil, Europe, South Africa, Nigeria, Australia and Colombia. The more than 2% jump in volume was AB InBev's largest in over five years. (CNN)
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Personal Finance
If your information was compromised during the massive 2017 Equifax data breach, you could be entitled to up to $20,000 after Equifax agreed earlier this week to pay nearly $700 million to settle federal and state investigations into how it handled the data breach that affected nearly 150 million people. Here's what you need to know before you file. (CNBC)
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