The lack of access to basic financial services in poor and Black neighborhoods has forced underserved populations to rely on costly alternatives like check-cashing, money orders, and payday loans. In minority-majority zip codes, Black banks are often the primary source for fair, non-predatory lending. But since 2001, their numbers have […]

The December jobs report from the Bureau of Labor Statistics said 140,000 jobs were lost last month.  All of those lost jobs were held by women, data shows. The disparities grow even wider when considering race, with Black and Latina women working in retail and education sectors being hit the […]

Biden's pick for Commerce Sectary, Rhode Island Governor Gina Raimondo, brings a close partner of Salesforce and its CEO Marc Benioff into the new administration. Early on in the pandemic, Raimondo called Salesforce to help with its pandemic response. What Salesforce built eventually became its Work.com platform for contact tracing […]

Led by the U.S., the world is about to hit a frightening Covid-19 benchmark, with 2 million people dead and few expectations for the numbers to start dropping any time soon. “You want to get to the point first where the virus can’t outrace you,” said Gregg Gonsalves, an epidemiologist […]

A prepayment penalty is a fee for paying off your mortgage early. You'll probably only pay a penalty if you pay off the mortgage, refinance, or sell within a few years of taking out your original mortgage. Conventional mortgages can come with prepayment penalties, but you won't pay on USDA, […]

Donald Trump’s empire has been hit hard by coronavirus closures, with revenue from his Washington and Las Vegas hotels down by more than half. In his last financial disclosure form as president, Trump detailed the damage the pandemic has wrought, at a time when many tourism businesses are suffering from […]

Andrew Forrest, billionaire founder of iron ore empire Fortescue Metals Group Ltd., is “runnin’ down a dream” of a green-powered Australian steel-making renaissance. Citing inspiration from the rock song by the late Tom Petty, Forrest, in a televised speech on Saturday, will outline his vision to harness the country’s potential […]