Business

An Atlanta-based social media manager shares her experience being laid off while on medical leave amid high unemployment for Black women.

The Trump administration's immigration policies have led to slower wage growth, fewer job openings, and higher unemployment rates for American workers, as lower demand and economic uncertainty have made employers hesitant to hire and automation has replaced workers in some sectors.

New York has enacted legislation making it the 11th state to ban the use of credit reports in employment decisions, with exceptions for specific job categories. Similar regulations are in place in five cities and Cook County, Illinois, reflecting a growing trend towards limiting credit history checks in hiring practices.

Saks Global, the parent company of luxury retailer Saks Fifth Avenue, has filed for Chapter 11 bankruptcy protection, citing a burdensome debt load exacerbated by changing consumer retail habits. Geoffroy van Raemdonck, former Neiman Marcus chief, will take over as CEO to guide the company through its bankruptcy proceedings.

The US economy added an estimated 50,000 jobs in December, resulting in the weakest annual job growth since 2003, driven almost entirely by the healthcare and social assistance industries, while tariffs, AI investment, and pandemic-related hiring cuts contributed to the slowdown.

A recent Forbes report highlights the financial landscape of America's wealthiest Black billionaires, who collectively hold a net worth of $54.9 billion. Topping the list is Alexander Karp, co-founder and CEO of Palantir, with an impressive net worth of $16.1 billion.

A federal judge has mandated that the Trump administration maintain financial support for the US Consumer Financial Protection Bureau, thwarting its latest effort to defund the regulatory body.

The expiration of the Affordable Care Act's enhanced premium subsidies is poised to significantly impact millions of Americans, who may encounter increased premiums or risk going uninsured in 2026. However, the original subsidies will continue to be accessible.

Netflix has announced an agreement to acquire Warner Bros. Discovery's film studio and HBO assets for $82.7 billion, including debt, following a competitive bidding process that saw participation from Paramount and Comcast.

Amidst a challenging economic landscape, small businesses in the United States have experienced significant job losses, shedding approximately 32,000 positions in November. This marks the largest monthly decline in employment for small establishments in two and a half years, highlighting the impact of rising costs and fluctuating consumer demand on these vulnerable enterprises.