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Black MBA NetWire
arrows October 4, 2019
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Top News
It's hard to believe, but it's fall already. That means we're moving closer to the end of 2019. Along with several late-year tax strategies that may help you, this is an excellent time to focus on saving, investing, workplace benefits, reducing clutter and other end -of-year areas of need. (USA TODAY)
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African-Americans want more for themselves and from corporate America, and they express it with their dollars as they move through the consumer journey, from brand awareness to purchase, as revealed recently in Nielsen's 2019 Diverse Intelligence Series (DIS) Report on African Americans. (PR Newswire)
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Using data provided by the Gartner TalentNeuron tool, Monster creates its weekly list of the top 100 companies with the most new jobs on Monster over the past seven days. Here is this week's list. (Monster)
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Career
Corie Barry is one of only 27 female CEOs in the S&P 500, and at 44, is the youngest female CEO in the Fortune 100. She took over as CEO of Best Buy in June and says that women need to speak up with a point of view that may not be popular, and "have those uncomfortble moments." (CNBC)
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Be honest. Most of us believe that attractive people have the jump on everyone else when it comes to hiring and promotions. And generally research bears that out. But now new studies reveal attractive people may not have the edge in all industries. There's new evidence the focus on beauty may be wearing off in areas where employees interact with consumers. (Fast Company)
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Lockheed Martin
Diversity in the Workplace
According to research, creating mentoring programs is vital when trying to retain diverse talent. Based on the findings that indicate mentors play such an instrumental role in the career progression of diverse talent, it is imperative that companies understand how to effectively establish mentorship programs when trying to recruit and retain diverse talent. (Forbes)
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Based on results of a survey conducted by Boston Consulting Group, straight white men believe workplace diversity programs are addressing most of the hurdles faced by people or color, women and LGBTQ employees in corporate America. However, their coworkers don't feel quite as strongly about the issue. (Seattle Times)
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International
Several major European cities are on the brink of a real estate bubble due to record low interest rates, as the Brexit chaos helps to deflate London's real estate bubble by undermining the city's status as a financial capital. Among those at risk are Munich, Amesterdam, Paris and Frankfurt. (CNN)
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Failing worldwide demand for capital goods has helped lead to leading economic research institutes sharply downgrading their forecasts for Germany – Europe's largest economy. (CNBC)
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Education
The Center for Research on College-to-Workforce Transitions (CCWT) — a project at UW-Madison’s Wisconsin Center for Education Research — is collaborating with the United Negro College Fund’s Career Pathways Initiative and a vocational psychologist to study internship programs at six historically black colleges and universities (HBCUs) that have a high population of STEM graduates.
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Technology
Najuma Atkinson has spent 20 years building a creer at Dell Technologies Inc. Earlier this year, she joined Dell’s Chief Customer Office organization as the senior vice president for customer advocacy, insights & analytics – becoming Dell’s only African American female SVP and one of few senior black women in tech. (Black Enterprise)
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Uber is preparing to implement a number of changes to its bike and scooter business in an effort to make that division more profitable. Uber will give its rentable bikes and scooters more prominence in its app in October, hoping to increase ridership. (CNN)
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Entrepreneurship
The owner of Durham, N.C.-based Madison Consulting Group and Dorege Computing Services president Thomas Droege have founded Resilient Ventures – a new fund “inspired by the legacy of Black Wall Street” that specifically targets African American-led startups. (WRAL TechWire)
 
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African American entrepreneur Diishan Imira Mayvenn is the only venture-backed startup to take aim at the $6 billion U.S. market for human-hair extensions. At 38, he's trying to turn a multitude of hair salons into the AirBnb of the salon industry. (Forbes)
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The Economy
The U.S. economy’s growth rate is losing speed, prompting questions over how slow it can go and still avoid crashing into a recession. The U.S. is currently in the midst of the longest expansion in the nation's history, but whether that continues may hinge on whether consumers are able to spend enough to offset the U.S.-China Trade War. (Bloomberg)
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Personal Finance
The average surcharge that ATM operators charge non-customers to withdraw cash rose 2% over the past year to $3.09. It's the 15th consecutive year of increases for using your ATM card, according to a July survey by Bankrate.com. If you're one of the people who rarely uses cash anymore, you could be part of the problem. (USA TODAY)
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If you're a new investor and don't know a lot about personal finance, you could end up making huge costly financial mistakes. The best way to properly invest is to know as much as you can before you start. (NuWire Investor)
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