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Black MBA NetWire
arrows October 31, 2019
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Top News
The Federal Reserve’s decision on Wednesday to cut interest rates may mean cheaper loans for most Americans, but it also most likely means consumers will earn less interest on their savings. (CNBC)
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A survey of U.S. companies by the National Association for Business Economics (NABE) found hiring has fallen sharply in recent months, according to an NABE summary of the survey. (The Hill)
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If it seems like you’re always flying by the seat of your pants, most likely there are a few specifics causes. Here are some suggestions for how you can get back on track and breathe a little easier without feeling like every minute is a crisis. (Fast Company)
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Career
Lindsay Tigar from the Ladders asked business owners from all 50 states for career advice. See what they had to say in her article! (The Ladders)
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“What doesn’t kill you makes you stronger.” Yes, it’s a tired, old cliché we’ve all heard hundreds of times throughout our lives. But this tired, old cliché now has something going for it that most other clichés don’t: It’s supported by science. (The New York Times)
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Lockheed Martin
Diversity in the Workplace
Conversations about race and diversity can be tough. But that’s where Mita Mallick thrives. She handles the most uncomfortable conversations with ease and grace. (Forbes)
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Diverse and inclusive cultures are providing companies with a competitive edge over their peers. So concluded The Wall Street Journal’s research analysts in their first ranking of corporate sectors, as well as the individual companies in the S&P 500 index, based on how diverse and inclusive they are. (Wall Street Journal)
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International
American companies doing business in China are navigating an unprecedented array of risks, from slowing growth to the trade war and pro-democracy protests in Hong Kong. But that hasn't stopped many of them from pushing deeper into the vast Chinese market. (CNN)
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Education
The U.S. is the birthplace of the MBA and home to 51 of the top 100 business schools in the FT’s global ranking list. But the market is five years into a fall off in demand, which has been spreading in recent years to even the most well-regarded institutions, including Stanford, Harvard Business School and Wharton. (Financial Times)
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Lately, a number of U.S. politicians, but especially Democratic presidential hopefuls, have been offering promises of loan forgiveness, interest-rate caps, and tax-code changes, all designed to reform a broken system of educational finance — and to no doubt appeal to more than 43 million people who hold America’s $1.6 trillion in student loan debt. (Quartz)
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Technology
UnitedHealth Group used technology that may have kept sick black patients from receiving high-quality care. New York's state departments of financial services and health sent a letter to UnitedHealth Group over its use of an algorithm that researchers found to be racially biased. (Business Insider)
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Fast-paced technological and digital innovations have not only changed the way that we live but also the way that we work. Today, organizations around the world are integrating digital workplaces as part of their digital transformation strategy to make it easier for employees to communicate, collaborate and engage. (Business.com)
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Entrepreneurship
According to BlackBusiness.com, Alniesha Carter’s TaxPrep Evolution Inc. (TPE) is the first black woman-owned tax franchise system in the nation. Founded by Carter in 2015, TaxPrep Evolution Inc. (TPE) aims to create exceptional franchising opportunities that give its consumers financial freedom. (Black Enterprise
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The Economy
The Great Recession and the financial crisis of 2007-2009 brought the global economy to its knees. An overheated US housing market combined with the failure of several storied financial institutions led to millions of jobs being lost around the world and a slow, decade-long recovery that has only recently brought the economy back to something approaching full employment. (Business Insider)
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Personal Finance
By 2030, women will control two-thirds of America’s wealth. Coincidentally, however, women are also more likely to leave money planning to their significant others, which can leave them behind financially. That’s why it's especially important to have a plan to spend, save and invest those dollars now. (NBC News)
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Corporate America
Two U.S. companies announce a new headquarters. One sets off a countrywide bidding war, paired with protests. The other is welcomed with open arms, congratulated and celebrated. (Fortune)
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And here we are again folks, the stock market is at record highs. It all feels rather bizarro, no?
A year of wild Trump tweets on his trade war with China. Stocks have shrugged them off. It’s been a year of decelerating global economic growth — thanks to that Trump trade war — and gloomy predictions from the likes of the IMF, and stocks could seemingly care less. (Yahoo! Finance)
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