Fortune has been ranking the 500 largest US companies by revenue and the 2,000-plus CEOs who have led them since 1955. Although the number of Black CEOs on the list has increased, only 28 of the chief executives on the list have been Black, according to Fortune. Nine Black CEOs made the 2025 Fortune 500 list, with only two of them being Black women. Altogether, the nine companies they lead made up $244.76 billion in revenue for fiscal year 2024. Who are the nine Black CEOs that lead the Fortune
The Trump administration is looking to issue a contract worth up to $25 million to DNA-test families targeted for deportation by US Immigration and Customs Enforcement, as stated by Bloomberg. Campaigners are concerned that these tests could be used to separate children from their caregivers, such as non-biological family members like godparents. Additionally, advocates worry that there’s a broader plan by the administration to collect genetic data at US borders for other purposes, like criminal investigations. $25 million contract to DNA test families In mid-May, the agency issued a contract
Workday will face a collective-action lawsuit alleging that its AI-powered hiring tools discriminate against workers age 40 and older. The lawsuit was filed in February 2023 by Derek Mobley, a Black, disabled man in his 40s, who claims that he applied for over 100 jobs without securing a role, as stated by ITPro. The Independent reported that another plaintiff, Jill Hughes, said that she received automated rejections for hundreds of job applications “often received within a few hours of applying or at odd times outside of business hours,” as stated by
Krisp has announced the launch of AI Accent Conversion for Latin America, making it the first AI-powered voice provider to offer accent conversion services in the region. The noise cancellation app supports five Latin American English accents that represent around 85% of Spanish speakers across the major dialect groups in Latin America. This includes Mexican and Central American Spanish, Caribbean Spanish, Andean Spanish, and Standard Spanish. “By supporting the most widely spoken Latin American English accents, we’re not just improving call clarity but helping to bridge cultural and linguistic gaps
Black Americans score above the US mean on entrepreneurial traits, meaning they are more likely to be associated with business ownership success, according to Brookings research. However, entrepreneurial success remains challenging for Black business owners to achieve due to the numerous structural barriers they encounter, such as difficulties with business lending and limited economic support. The Black Business Parity Dashboard A new tool, the Black Business Parity Dashboard, reveals the economic benefits that could result from closing the Black business ownership gap in US cities. Developed by the Center for Community Uplift, the
Join our Patreon for extra-long episodes and ad-free content. This week on Techish, host Abadesi is joined by TechCrunch reporter Dominic-Madori Davis. They break down: AI blackmail, the violence that’s rocking the crypto world, and why being frugal matters, Lauren Sanchez marrying Jeff Bezos, and what big racism payouts mean for tech giants. Chapters 01:07 Anthropic’s AI Chatbot Blackmails Engineer07:15 The Violence That’s Got the Crypto Elite Shook16:23 Why Keke Palmer Lives Below Her Means27:35 Lauren Sanchez and Jeff Bezos’s Upcoming Wedding36:40 Google Settles $50M Race Discrimination Lawsuit [Patreon-Only] Listen
Women run 11% of companies on the 2025 Fortune 500 list. This marks a historic moment, as the number is over 10% for the first time, as stated by Fortune. In 2023 and 2024, 52 female CEOs led Fortune 500 companies, but this number increased to 55 in 2025. However, only two of these woman are Black. For 71 years, the Fortune 500 has ranked the largest US companies by revenue. In 2025, the companies that comprise the Fortune 500 are expected to represent $19.9 trillion in revenue, accounting for two-thirds
The Competition Authority of Kenya (CAK) has officially approved Moniepoint Inc.’s acquisition of a 78% stake in Sumac Microfinance Bank Limited. Sumac is a well-established Kenyan microfinance institution that offers a range of services, including lending, deposit-taking, insurance, and foreign exchange trading. This move will enable the Nigerian fintech to expand into East Africa. Moniepoint expanding in East Africa This acquisition is Moniepoint’s first official entry into Kenya’s financial services scene. “The transaction is unlikely to negatively impact competition in the market for provision of microfinance banking services in Kenya, nor
Ghana has signed a $1 billion deal with the United Arab Emirates to build an innovation hub in Accra. The hub, which will span 25 square kilometers in Ningo Prampram, Greater Accra, is fully funded by the Ports, Customs, and Free Zone Corporation (PCFC), as stated by Impact News. Ghana will provide the land, while PCFC will bring the capital, technology, and global partnerships. Construction is scheduled to begin in 2026 and is expected to be completed by the end of 2027. Transforming Ghana into Africa’s next artificial intelligence nerve
Byron Allen is selling local television stations owned by his Allen Media Group (AMG), and Moelis & Co. is managing the deal. Allen Media Group announced the news on May 2, according to The Los Angeles Times. The company needs to pay down debt, Allen said in a statement. Over the past six years, the company has invested over $1 billion in acquiring stations with the hopes of becoming the largest independent television operator in the United States. Its portfolio includes 28 stations affiliated with ABC, NBC, CBS, and Fox,
