8 Things You Need to Know When Opening a 401(k)

Opening up a 401(k) — the ultimate act of adulting — is often outside most people's area of expertise and can appear confusing and daunting. To make...

3 Simple Steps to Cut Your Grocery Bill in Half

Is half of your paycheck going to groceries each month? It doesn't have to. By following several simple steps people can cut their trips to...

Mellody Hobson Offers Love And Finances For Valentine’s Day

This Tuesday is Valentine’s Day, and this morning, you have some financial advice related to love. Mellody: Tomorrow is the holiday we celebrate love, and...

Top African-American Financial Gurus To Follow

Talking about money can be hard, but not if you’re a financial guru with thousands of loyal fans who walk your money talk. In honor...

Mellody Hobson Gives Advice on Handling Identity Theft

We start off this week with some news about identity fraud. And it is not good news, is that right? A recent study by Javelin...

Russell Simmons Sells RushCard To Rival Green Dot For $147M

RushCard, the prepaid debit card company founded by hip-hop mogul Russell Simmons, is being bought by rival Green Dot for $147 million. Green Dot said...

Advice for African-Americans on Preparing Taxes

Tax season has officially begun and it’s time to find those deductibles and items that might help offset some of what you might have...

International Monetary Fund Raises Growth Forecast for U.S. in 2017 and 2018 Based On...

The International Monetary Fund is raising its forecast for the U.S. economy this year and in 2018, reflecting an expected boost from the economic...

Chicago and New York City at Lowest Fiscal Strength Among Large US Cities

Chicago and New York rank at the bottom of a new analysis of fiscal strength based primarily on data from 2015 financial reports issued...

Crown Financial CEO Chuck Bentley Shares 3 Steps to Get Out of Debt in...

To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or...

Millions to Get Pay Raises in 2017 As Minimum Wage Increases Go Into Effect...

It will be a happy New Year indeed for millions of the lowest-paid U.S. workers. Nineteen states, including New York and California, will ring...

U.S. Dollar Climbs to Strongest Level Since 2003

The dollar climbed to the highest level since 2003 against the euro and gold plunged as the prospect of a steeper path for U.S....
Leonardo DiCaprio in "The Wolf of Wall Street." (Photo: Paramount Pictures)

Research: If You’re Not Born Into a Wealthy Family, You’ll Probably Never Become Wealthy

What does it take to make it into the 1%? A fancy college degree and a family that’s already there (or close to it),...

Former Wall Street Broker, Xavier Epps, Believes Trump Might Actually Benefit Black People

Because many of us feel that his campaign has not yet holistically addressed the Black community, a question that has echoed for the last...

U.S. Expected to Forgive Over $108 Billion in Student Debt For Those Who Meet...

Barack Obama’s expansion of the student-loan repayment program, intended to help curb America’s $1.26 trillion pile of outstanding college debt, is proving a lot...

There Is Still a Major Gap between the White Working Class and Their Black...

With all the talk about the struggles of white working-class men and their role in handing the presidency to Donald Trump, you’d think they...

Federal Debt Nears $20 Trillion for First Time

The federal debt moved above 19,900,000,000,000 for the first time as of the close of business, Nov. 22, the Tuesday before Thanksgiving, according to...
With the Washington Monument looming in the background, a crew works on the roof of the newly constructed United States Institute of Peace in Washington January 21, 2010. REUTERS/Kevin Lamarque

Obama-appointed Judge Blocks President’s Rule Extending Overtime Pay to 4.2 Million U.S. Workers

A federal judge on Tuesday blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million workers from taking effect,...

In These 7 Counties, Black Households Make More Than White Ones

The income gap between black and white households has grown since 2000 and only worsened since the recession. In 2015, the median income for black...

Stocks Plunge as Trump Surges Toward White House

Stock futures crashed on Tuesday night and the Mexican peso plunged by the most in two decades as Donald Trump’s odds of becoming president...