Finance

Still no stimulus checks yet? The IRS and U.S. Treasury said the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits. Additional payments are expected […]

Wells Fargo apologized for outages affecting the bank’s customers when stimulus checks were expected to “Kick In” for users’ accounts. Wells Fargo said on Twitter “We apologize for any inconvenience today and want you to know all access to your accounts through online and mobile banking are restored.” Some users expressed frustration on Twitter about […]

Megan Thee Stallion partnered with apparel retail company Fashion Nova to donate $100,000 to the Breonna Taylor Foundation on the first anniversary of her death. The Grammy winning artist said the core mission of the foundation is to support economic, social and racial justice through police reform. Breonna Taylor’s mother, Tamika Palmer, created the foundation […]

Some Americans have begun to receive their $1,400 stimulus checks from the $1.9 Trillion COVID-19 COVID-19 relief package that President Joe Biden signed last week. If yours hasn’t come yet, that just means that it’s on its way according to officials at the Treasury Department. In addition to direct deposit, paper checks and prepared debit […]

The Rochester City School District will soon receive about $87 million from the first COVID-19 relief bill that was passed in December of last year. The most recent COVID-19 relief package will bring in somewhere around $200 million. The total amount of federal aid will provide around 1/3 of the school’s budget for the year, […]

Paychex founder Tom Golisano recently invested 100 million into Eastman Kodak Co. through an investment firm that he personally founded, called Grand Oaks Capital. According to a prediction by George Conboy, the chairman of the Brighton Securities investment company, the $100 million will probably guarantee Golisano a seat on the board of directors at Kodak. […]

Unemployment rate increased for Blacks and Hispanics workers. The unemployment rate for Blacks increased by 0.7 percentage point to 9.9% in February, reversing two months of improvements and widening the gap between the white unemployment rate, which fell 0.1 percentage point to 5.6%, according to the latest jobs report from the Bureau of Labor Statistics. […]

Jennifer Hudson has formed a partnership with MasterCard in an endeavor that’s primary focus is to strengthen and push Black-owned businesses forward. The partnership seeks to use a $500 million commitment to build up Black-owned small businesses that have suffered in the past year due to the pandemic, while giving financial opportunities to entrepreneurs affected […]