News

Total Posts : 150 posts

News

Target Faces Sales Decline and Leadership Changes Amid DEI Backlash

Target is experiencing significant challenges, reporting a 3.8% drop in comparable sales for the first quarter of 2025, marking the fourth consecutive quarter of declining sales. The company's total revenue fell to $23.85 billion, missing Wall Street's expectations. Factors contributing to this downturn include

27 May 25 1 min read
News

More Corporations Have Slashed DEI Initiatives - Part 2

We previously published a list of the major corporations that have rolled back their commitments to diversity, equity, and inclusion (DEI). Unfortunately, that list continues growing. Companies that once publicly pledged to support marginalized communities are now quietly scaling back or completely eliminating these initiatives. Whether it's due

21 Mar 25 3 min read
News

Corporations Remaining Committed to Their DEI Initiatives

In the face of increasing scrutiny and political pressures, several prominent corporations have denounced their DEI policies while others have boldly reaffirmed their dedication to Diversity, Equity, and Inclusion (DEI) programs.  Today we’re highlighting those companies that are standing firmly by their DEI initiatives, recognizing that fostering an inclusive

14 Mar 25 4 min read
News

Official Black Wall Street Launches Exclusive Club & Safe Haven For Black Founders

Official Black Wall Street (OBWS), the premier digital platform dedicated to empowering Black-owned businesses, is proud to announce the launch of The OBWS Founders Club—an exclusive membership community designed to empower, connect, and uplift Black entrepreneurs with the network and resources tailored for long-term success. At a time when

10 Feb 25 2 min read
News

The List of Corporations Slashing DEI Initiatives

In 2020, the racial reckoning sparked by the murder of George Floyd led corporations to make sweeping promises about diversity, equity, and inclusion (DEI). Many pledged millions of dollars, launched new initiatives, and vowed to create meaningful change. Fast forward to 2024 and 2025, and we’re seeing a troubling

27 Jan 25 4 min read
News

Mattel Is Honoring Venus Williams With Her Own Barbie Doll

In celebration of its 65th anniversary, Barbie is honoring nine trailblazing woman athletes with one-of-a-kind dolls in their likeness, including the legendary tennis star Venus Williams. This initiative by Mattel not only commemorates Barbie’s legacy but also aims to empower young girls by showcasing real-life role models who have

17 Jun 24 2 min read
News

Meet the Black Entrepreneurs Transforming Shipping Containers into Affordable Homes

Jessica Lewis and Ibrahim Smith are not only disrupting traditional building methods but also pioneering an innovative approach to affordable housing. As the founders of MOBU Enterprises, they are transforming shipping containers into disaster-resistant, sustainable homes, marking a significant milestone for Black-owned businesses in the construction sector. The inception of

13 Jun 24 2 min read
News

Black-Woman-Owned Beauty Brand Acquired by West Lane Capital Partners

In a significant move within the beauty industry, Mented Cosmetics, a pioneering Black woman-owned beauty brand, has been acquired by West Lane Capital Partners. The acquisition marks a new chapter for Mented Cosmetics, known for its inclusive range of makeup products catering to women of all complexions. Co-founded in 2017

25 Apr 24 2 min read
News

This Black Woman-Owned Electric Company Secured Six-Figure Deal with Utility Giant

Detroit Voltage, a pioneering Black woman-owned electrical contracting firm based in Detroit, has achieved a significant milestone by securing a six-figure deal with DTE Energy, the largest electric utility company in Michigan. This deal not only signifies a momentous achievement for the company but also highlights the entrepreneurial spirit and

23 Apr 24 2 min read
News

Jamie Foxx Unveils New Whiskey Brand With Partner

Academy Award-winning actor, comedian, and musician Jamie Foxx has joined forces with spirits incubator WES Brands to introduce a new whiskey brand: Brown Sugar Blend (BSB). BSB Whiskey is not just another spirit on the shelf; it's a labor of love that took over two years of meticulous

15 Apr 24 2 min read
News

Serena Williams Launches Inclusive Make Up Line: Wyn Beauty

Serena Williams, renowned as the queen of the tennis court, is now making strides in the beauty industry with the launch of her inclusive makeup line, Wyn Beauty. Inspired by her passion for both victory and beauty, Williams introduces a range that embodies her ethos of empowerment and inclusivity. With

03 Apr 24 2 min read
News

This 14-Year-Old Created A Watch To Detect The Signs Of Stroke

14-year-old Naya Ellis has had a passion for science since childhood, driven by her aspiration to make a meaningful difference in the medical realm. Her journey traces back to the age of 7 when she tended to her mother, battling breast cancer, diligently changing bandages in a gesture of love

02 Apr 24 2 min read
News

Four Ways YOU Have Been Wasting Time!

"The major difference between achieving people and average people is how they use their time." - John Maxwell TIME is the most important resource known to mankind. Are You Wasting It? There are hundreds of productive ways to use our time but there was never a class on

14 Mar 24 2 min read
What's New

A Timeline of Beyoncé’s Many Wins (and Fails) In Business

With an estimated net worth of $800 million, Beyoncé Giselle Knowles-Carter is undoubtedly a multi-generational cultural icon who dominates off the stage as well (just ask the Beyhive). Having recently launched her haircare brand, Cécred (pronounced sacred), she’s fulfilling one of her lifelong dreams of creating hair products that

08 Mar 24 4 min read
Black History

19 Black Women Poets of Today and Yesterday

When I think of Black female poets, I think of Maya Angelou. I think of Audre Lorde. I think of Toni Morrison. While these women were some of the greats, regardless of their gender or race, they are joined by a ton of other great women. The poetry world might

27 Feb 24 9 min read
News

Issa Rae Is Launching A Studio To Create Opportunities For Creators

Issa Rae is expanding her business portfolio with a new up and coming venture.  In a recent conversation with Time Magazine, the multifaceted actress and producer unveiled an array of new projects and ventures coming down the pipeline. Issa Rae is emphatically signaling that she's far from reaching

13 Feb 24 1 min read
News

Byron Allen Submits Bid To Purchase Paramount Global For $14.3B

According to The Hollywood Reporter, Allen Media Group extended a $14.3 billion offer to acquire the remaining shares of Paramount Global. If green-lit, this deal would encompass Paramount's debt, estimated at around $15 billion. According to the outlet, a statement indicated, "Mr. Byron Allen submitted a

01 Feb 24 1 min read
News

Did You Know These Major Companies Have a Black CEO?

Who do you envision when you think of the CEOs of the major companies in the world? I don’t know about you, but I automatically assume that the three words that can be used to describe our money still apply - old, white, male. While this is mostly still

01 Sep 21 5 min read
News

11 Black Companies You Can Invest In Right Now

BUY BLACK, BUY BLACK, BUY BLACK. With the surge of support we’ve seen for Black-owned businesses, it’s necessary to recognize that this isn’t the only way to demonstrate it. You might think you are investing in the future of these companies, but you can literally invest in

12 Jul 21 3 min read
News

Five Steps for Starting Your Journey to Financial Freedom

Whether consciously or subconsciously, you probably find yourself comparing your finances to that of your personal and professional peers. Don’t. When it comes to money, everyone is starting at a different place. And that’s perfectly fine. Money comes and money goes, no matter who you are, so it’

05 Feb 21 4 min read
News

Darlyng & Co. Creates the First Black-Owned Gift Registry for Kids

Darlyng & Co. [https://www.darlyngandco.com/], a lifestyle tech-enabled kids brand, creates the first Black-owned gift registry for children. With products ranging from everyday essentials such as skin care, hair care, toys, and more, this will allow parents to create gift registries with over 100 Black-owned, invented, and designed

21 Dec 20 3 min read
News

7 Effective Ways to Support Your Staff Through the Pandemic

Many words have been used to describe the COVID-19 pandemic. Unprecedented is one, difficult is another. While the coronavirus has had an impact on health and medicine, this is closely followed by the stresses of work and employment. With millions of people currently unemployed, millions more are worried about job

03 Nov 20 4 min read
News

Brother and Sister Join Forces To Create Puzzles For Us, By Us

The last decade ushered in the rise of the smartphone. You’d be hard-pressed to find someone who doesn’t have an iPhone or Android stuck to their hip. While we can all praise the advances of technology, the increase in “screen time” has made life a lot less personal.

29 Oct 20 2 min read
News

Meet The Black-Owned Business Putting African High Culture Jewelry on The Map

For Haby Barry, a proud Guinean American of Fulani descent, it was important that she represented her upbringing and culture when creating her signature jewelry line, Fulaba [http://www.fulaba.com]. While in search of and having trouble finding jewelry, particularly African jewelry, made with precious metals, Haby decided to

27 Oct 20 4 min read
News

This Entrepreneur Is Keeping Newlyweds Out of Debt With New Wedding Platform

Serial entrepreneur, Ruka Curate, knows what it takes to succeed as a Black woman business owner. OBWS first connected with the Brooklyn native in September 2019 [https://blog.obws.com/black-owned-nanny-tiny-treasures/] to learn about her start-up, Tiny Treasures Nanny Agency [https://www.tinytreasuresnyc.com/]. Since then, Ruka has gone on

20 Oct 20 5 min read
News

Meet The Winners of The Inaugural OBWS Black Entrepreneur of the Year Awards

At Official Black Wall Street, Black entrepreneurs are celebrated every day. August was National Black Business Month, and we took it one step further by recognizing and awarding the creative and innovative minds of these trailblazing individuals. Last month, Official Black Wall Street introduced The Inaugural OBWS Black Entrepreneur of

02 Sep 20 2 min read
News

Meet The Black-Owned Brand Providing Eco-Friendly Bamboo Sheets

Prosper Heights [https://prosperheightshome.com] was founded in the small town of Prosper, Texas, and already created a tremendous buzz about their organic bamboo sheets! One blogger wrote, “Their linens are soft to the touch and make it so hard to get out the bed!” Prosper Heights has created a

21 Aug 20 2 min read