Finance

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Goldman Sachs economists expect the economic impact of artificial intelligence to rival previous big technological advances, such as the electric motor and personal computer. Investments in AI could reach around $200 billion globally by 2025, they said. The U.S. is positioned as the market leader. They estimate AI investment could reach $100 billion in the U.S. […]

ESL Federal Credit Union is cautioning its members about a scam alert in the Greater Rochester region. The credit union has been notified by its members about text messages they’ve received, alleging that their ESL debit card transactions require verification. The deceptive text message supposedly includes a phishing link. ESL advises its members to disregard […]

The City of Rochester received $244,000  with the help of ESL Federal Credit Union to kick off a pilot program that will help children start savings accounts. The pilot program will start by next year and plan to make it city wide in two years. https://www.whec.com/local/city-of-rochester-gets-grant-to-help-children-start-savings-accounts/

The first Black sorority Alpha Kappa Alpha (AKA) has launched its own credit union, becoming the first Greek letter organization to achieve the feat. The “For Members Only,” or FMO, credit union is the first Black-owned, women-led, sorority-based digital banking financial institution in the history of the United States, according to a report by ABC7 Chicago, […]

With no winner over the weekend for the Powerball, the jackpot will jump to $900 million.  The top prize is the third biggest Powerball jackpot and the seventh largest in U.S. lottery history, Powerball said in a statement early Sunday. The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes […]

After no one won the  jackpot for Monday’s Powerball drawing. The grand prize jumped to an estimated $725 million – the seventh largest Powerball jackpot, according to lottery officials. The next drawing will be on Wednesday for the massive prize, which has an estimated $366.2 million lump-sum cash value before tax, according to Powerball. Monday’s […]

A new study from Bankrate shows that Americans say they need to earn over $200,000 dollars a year to feel financially comfortable. The average yearly household income in the United States is near $ 70,000 the data also says Americans believe earning $500,000 yearly will help them achieve financial freedom. We’ll get Dr Cheryl McKeever […]

Grammy-winning artist Nelly is teamed up with HarbourView Equity Partners to sell 50% of his music catalog for $50 million. The partnership includes the acquisition of his chart-topping tracks, including the iconic “Ride Wit Me,” the popular collaboration “Dilemma” featuring Kelly Rowland, and the mega-hit “Hot in Herre.” Source: Baller Alert

Mayor Malik Evans launched the Rochester’s Guaranteed Basic Income program. The pilot program that would give $500 a month to around 350 families. To qualify applicants must: Be 18 years of age or older Live in a qualified census track in the City of Rochester Have lived in the City for at least one year […]

With More than 60% of professional athletes end up within five years of their retirement. That why the new B.A.L.L. for Life, a partnership with the National Urban League and Experian has started a financial and credit education program. B.A.L.L. for Life (Be A Legacy Leader) was announced at the recent Iverson Roundball Classic. Experian […]


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