Business

President Donald Trump's latest round of tariffs has sent shockwaves through global markets, raising concerns about the economic strain on American consumers, with Black Americans already facing disproportionate financial burdens and potential layoffs and higher prices for everyday necessities.

Instagram has introduced new features, such as a TikTok-style profile grid and extended Reels videos, aiming to engage users amid TikTok's shutdown. Concurrently, Meta has unveiled Edits, a new app for video creation.

Meta is discontinuing its diversity, equity, and inclusion initiatives in response to evolving legal and policy frameworks, shifting its focus to equitable and consistent practices aimed at reducing bias for everyone.

The U.S. Department of Justice has filed a lawsuit against RealPage and six large landlords for engaging in an anticompetitive scheme that drove up rental prices for millions of Americans, alleging they exchanged sensitive information and coordinated price increases.

Martye Kendrick has been appointed as CEO and Executive Director of the Harris County Sports & Convention Corporation, where she will lead the organization in overseeing NRG Park and preparing for the 2026 FIFA World Cup.

Renters have a median net worth of just $10,400, compared to homeowners' median net worth of $400,000, due to a lack of assets such as stocks, bonds, and retirement accounts, and the end of support programs and rising housing costs have reversed renters' wealth gains.

The Federal Trade Commission has documented a significant increase in online job scams, with task scams comprising nearly 40% of job scam reports in 2024, and cryptocurrency-related losses totaling $41 million in the first half of 2024.

Racetrac has installed electric vehicle chargers at its stores, noting that they have increased sales and attracted more visitors, demonstrating that EV charging stations can be beneficial to businesses.

Javania Cross Polenska has been appointed as Co-Deputy Executive Director of the Seattle Housing Authority, bringing her experience in education, nonprofit leadership, and public-private partnerships to tackle Seattle's housing challenges.

The Joint Center for Political and Economic Studies has urged for increased diversity among Senate staff, warning that the current lack of diversity may exacerbate existing inequalities rather than address them.