Latest stories
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Federal Reserve Says It Will Keep Interest Rates Near Zero Until 2023
The “Federal” Reserve concluded its last meeting before the November election, on Wednesday, by pledging to keep interest rates near zero until 2023. As the central bank looks to continue to support the U.S. economic recovery out of the inevitable recession, that was sparked by the coronavirus pandemic. More
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Hollywood Again Snags a African-American Creator’s Idea/Concept and Beats him Market
History is peppered with examples of the entertainment industry ripping off Black culture by taking ideas and passing them off as their own while making lots of money in the process. More
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illegal pyramid schemes Labeled SuSus, Blessing Loom, Cooperative Groups on the Rise during Pandemic
As the world economies grapple with the financial shakeup presently occurring across the globe, It’s hard not to be sold on the altruistic and cultural backstory of the sou-sou, also known as “Susu,” “blessing loom” or “gifting circle.” Promoters pitch the sou-sou as a common practice among Caribbean and African immigrants as a way to help their businesses grow. More
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U.S. Marshals Rescue 39 missing Kids and Teens during ‘Operation Not Forgotten’
The U.S. Marshals Service Missing Child Unit rescued 39 missing children and teenagers in the Atlanta and Macon areas in Georgia while clearing dozens of arrest warrants during “Operation Not Forgotten.” More
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Actor Chadwick Boseman, Dies at 43 After 4-Year Colon Cancer Battle and Filming Various Projects
Chadwick Boseman has died, a rep for Boseman confirms to Melanated Media. He was 43. The Black Panther star died at his home surrounded by family after a years-long battle with colon cancer, his team wrote on the star’s Instagram page. More
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California Announces New Criteria for ReOpening Including BarberShops & Hair Salons
Gov. Gavin Newsom introduced a new four-tier, color-coded system Friday that will replace California’s monitoring list. Under the new system, all of the state’s hair salons and barbershops are permitted to reopen indoors with modifications. More
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Warren Buffett’s Buys Gold, DUMPS 1/4 of Wells Fargo 61% of JPMorgan Chase, and ALL Goldman Sachs
Warren Buffett’s Berkshire Hathaway Inc. BRK BRK unloaded more than a quarter of its stake in Wells Fargo & Co. WFC and about 61% of its position in JPMorgan Chase JPM, while acquiring a new position in Barrick Gold Corp. GOLD, according to 13F filings with the Securities and Exchange Commission for the period ended Jun 30, that were released Friday afternoon. More
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Federal Reserve Announces NEW 24/7 Instant Payment “interbank” Settlement Service
The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant/real-time payments in the United States. More
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City of Charlotte reopening applications for Covid-19 recovery grants for small businesses
The next round of applications for the Access to Capital Program are available through August 30 at 5 p.m. The program has been expanded to include small businesses that have received funding from other sources such as PPP loans. More
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Identity & Data Management for Elrond Users & Apps via Ontology Partnership
Blockchain and cryptocurrency continues to surge in popularity as we move more into a digital society. Digital identities communities are developing everywhere and Elrond has now partnered with Ontology to manage identity and data. More
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Facebook Messenger now supports Group Payments — Crypto to Follow?
Facebook introduced person-to-person (p2p) payments within Messenger in early 2015, but today the company announced the feature is expanding to support groups, as well. More
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Billion Dollar NASDAQ Listed-Firm ‘MicroStrategy’ Purchases $250 Million in Bitcoin (BTC)
As Bitcoin sits comfortably above $11,000 another large corporation has openly and publicly entered the space. MicroStrategy, a Virginia-based business intelligence software organization, they have accumulated a whopping 21,454 bitcoins worth nearly $ 250 million. More
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CA Superior Court Grants Preliminary Injunction for Uber and Lyft to Reclassify 1099 Workers as W2 Employees
California Superior Court Judge Ethan Schulman has granted a preliminary injunction forcing Uber i and Lyft to reclassify its drivers as employees. This order is set to go into effect in 10 days. More