Billion

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News

Trump sees ‘biggest financial success’ after earning $6 billion in new crypto venture. Critics blast it as unethical

President Donald Trump‘s crypto fortune reached new heights after an investment in a new cryptocurrency venture earned his family business a whopping $6 billion. According to the Wall Street Journal, Trump amassed his “biggest financial success” on Monday, surpassing his decades-long real estate portfolio, which includes properties around the world. The launch of the Trump-owned cryptocurrency, WLFI, is the equivalent of an initial trade offering, allowing investors to buy and sell on the open market like a listed company’s shares. […]

todaySeptember 3, 2025

News

DC faces $1 billion in budget cuts, with Black communities set to bear the heavy burdens if Congress approves deal

Washington, D.C. faces $1.1 billion in budget cuts if the Senate approves a temporary budget proposed by Republicans to keep the government running. The cuts that would result from the CR, or “continuing resolution,” which would keep the government open through Sept. 30, could lead to massive layoffs of teachers, police officers, and EMS service workers over the next six months. Although D.C. already had its 2025 budget approved to the tune of $21.5 billion, and has raised the money […]

todayMarch 13, 2025

Economy

This Black Woman-Owned Whiskey Brand Has a Valuation of Almost $1 Billion

Meet Fawn Weaver, the 48-year-old CEO and Founder of Uncle Nearest, a Black woman-owned premium whiskey brand that has been making waves in the spirits industry since its launch in 2017. Since then, she has led the brand to become the top-selling Black-owned spirits globally and one of the fastest-growing American whiskey companies, now valued at more than $900 million.Breaking away from the usual trend of white male-led whiskey companies, Uncle Nearest stands out. Weaver recently achieved a significant milestone […]

todayFebruary 22, 2024