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How will rising interest rates and inflation impact the wallets of Black Americans?

Loading the player… Days after the Federal Reserve raised interest rates to slow down the economy and bring down prices for goods and services like food and gas, President Joe Biden on Tuesday assured the American public that the White House is working hard to respond to rising inflation across the country.  “I want every …

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5 things athletes and entertainers who lost all their money did wrong, according to a financial advisor who knows

Financial advisor Eszylfie Taylor says some stars are too hands-off with their own money. Donald Miralle/Getty Images When you buy through our links, Insider may earn an affiliate commission. Learn more. A financial advisor to stars and athletes shares five common money mistakes famous people make. Some stars trust their team so much that they …

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After George Floyd’s murder, Wall Street promised billions of dollars to help Black Americans. 2 years later, here’s where that money went and how it’s being used.

As Dominik Mjartan approached JPMorgan’s towering global headquarters on New York City’s Park Avenue on a Friday afternoon in September, he couldn’t help but feel skeptical. Mjartan, the CEO of Optus Bank, a South Carolina lender with $350 million assets under management, was there to meet Jamie Dimon, the CEO of JPMorgan. The meeting was …

After George Floyd’s murder, Wall Street promised billions of dollars to help Black Americans. 2 years later, here’s where that money went and how it’s being used. Read More »

As Insurance Industry Increases Minority Hiring, Exit Rate Also Increases

Source: https://insurancenewsnet.com/innarticle/as-insurance-industry-increases-minority-hiring-exit-rate-also-increases Efforts by the insurance industry to increase representation of Black and other minorities within its ranks have taken on characteristics of the Voynich manuscript, a mysterious unbreakable code. One the one hand, the hiring rate of Black employees in the insurance business is double that of other employee groups. But at the same …

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OneAmerica Commits $1 Million Toward Financial Literacy

Source: https://insurancenewsnet.com/press-releases/oneamerica-commits-1-million-toward-financial-literacy Educational program launches to empower Central Indiana youth & adults with financial knowledge INDIANAPOLIS ─ (May 16, 2022) ─ OneAmerica® today announced a $1 million commitment to activate a uniquely tailored financial literacy program in Central Indiana. In collaboration with The American College of Financial Services, the program will offer practical financial understanding to build …

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Insurance industry’s diversity scores show modest improvements

Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/insurance-industry-s-diversity-scores-show-modest-improvements-70267950 U.S. insurance companies are making strides toward the goal of becoming more diverse, aided by a growing conviction that such steps can help boost company performance. In addition to posting a year-over-year increase in its S&P Global gender diversity score, the insurance industry’s workforce also became more racially diverse in 2021, according to …

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Raymond James Ramps Up Diversity Efforts After Pandemic Lull

aymond James Financial continues to be committed to improving diversity at the company and the financial services industry overall despite recent challenges that included the COVID-19 pandemic somewhat stalling its mentorship efforts, according to Paul Reilly, the firm’s CEO. The firm started recruiting people of color, women and other potential candidates for the Raymond James …

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