Black women are the fastest-growing group of entreprenuers in the US. Black-women-owned businesses have increased by 13% between 2024 and 2024 compared to the 4.4% rate for women-owned businesses overall, according to Forbes. Black women turning to entrepreneurship Black women have been pushed out of the workforce as their unemployment rate has reached 7.3% in 2026, according to the Bureau of Labor Statistics. Last year, Black women’s unemployment rate increased from 5.1% in March to 6.1% in April, reached an all-time high of 6.2% in May, then dropped to 5.8% in June,
Black-owned beauty brand Ruka Hair has announced its partnership with Sephora in the US. The UK-based brand will launch nationwide at Sephora online on August 4, accompanied by a physical launch in 10 stores across New York, Los Angeles and Atlanta from August 14, according to Business of Fashion. Ruka Hair will be the first hair extension brand to launch in Sephora in 20 years. Ruka launching in Sephora Synths 2, Ruka’s patent-pending collagen-based fibre extensions, along with a selection of products including stylers and hair perfumes, will be available
Fawn and Keith Weaver’s roles at Uncle Nearest have been terminated, according to a court filing. The Weavers termination from Uncle Nearest Receiver Phillip G. Young Jr. shared the announcement in his fourth quarterly report, filed Friday, July 10, in the US District Court for the Eastern District of Tennessee, according to the Moore County Observer. “While this decision was not made lightly,” Young said, “it has resulted in significantly less confusion among employees and vendors, and has made business operations significantly smoother.” The Weavers confirmed their termination in a joint answer
BRDRS, a fintech app designed for African and Caribbean diasporal travelers, has raised $1.3M in a Pre-Seed funding round. The app, which is the first of its kind, offers several features, including cross-border connectivity, a multi-currency digital wallet, and BRDRS Connect, which lets you buy and activate a local eSIM. POCIT sat down with CEO and co-founder Joy Martins to discuss how the app will serve the Black diaspora, the importance of a travel app for Black travelers, and how it aims to challenge misconceptions about Africa and the Caribbean.
Lori Harvey is joining Kevin Hart’s tequila brand Gran Coramino as its new chief creative advisor. “Creating meaningful experiences has always been one of my greatest joys. Whether I’m bringing together friends, celebrating family, or simply making people feel seen,” Harvey said in a statement to WWD. Lori Harvery becoming chief creative advisor of Gran Coramino As chief creative advisor, Harvey will help the brand build Coramino Woman, starting with a new campaign which marks her first collaboration with Gran Coramino. “I believe the smallest details leave the biggest impressions,
Civil rights organisations and nonprofits are supporting a letter signed by members of Congress that calls for transparency about the effects of the Trump administration’s attacks on DEI. In February, members of Congress demanded records highlighting the effects of Diversity, Equity, Inclusion, and accessibility (DEIA) rollbacks, according to a press release. In the letter, lawmakers sought out information about how President Donald Trump’s actions affected the federal workforce. “Your administration has slashed billions of dollars in DEIA-related funding, as well as jeopardised nearly $1 billion in life-saving National Institutes of
Amira Rasool, founder and CEO of The Folklore, has just launched a new index that highlights the first 200 Black women founders to raise $1 million in venture capital funding. Alongside the index is The First 200 Podcast, featuring interviews with founders about their experiences as entrepreneurs. “As the Founder & Host, I will sit down with founders from the Index to explore what it really takes to raise capital, build venture-backed companies, navigate setbacks, and create lasting impact,” Rasool said in a LinkedIn post. Rasool raised $6.2 Million for her
The feeling of seeing one of your favourite artists performing live is indescribable. For that hour, it feels like you’re transported to a different place. Other people cannot describe that feeling, but the other fans in the room can. So much of the concert experience is meeting and speaking to other fans. But after the concert finishes, that’s it. Sometimes socials or numbers are exchanged, but you probably won’t see those people again. This is where CRWD comes in, an app designed as a social layer for live events launched by
HaloBraid, a robotics startup that aims to speed up the braiding process, has raised $7 million in a seed round led by Reddit co-founder Alexis Ohanian’s venture firm, Seven Seven Six. AlleyCorp and Biing Capital also participated in the seed round, as per TechCrunch. How does HaloBraid work? Co-founder Yinka Ogunbiyi conducted a study of 2,000 people, in which 95% said they would be more likely to get their braids done if the process took less time. When speaking to TechCrunch, Ogunbiyi said the stylists start the braiding and then hand
Actress Laverne Cox has shared how the Trump administration has affected her livelihood. Cox, who is known for her breakout role on Netflix’s Orange Is the New Black, explains that she’s “lost so much money” because brands are very scared to work with her amid the ongoing rollback of DEI programs. Laverne Cox being affected by DEI rollbacks Cox, whose book Transcendent was released in June, told Attitude Uncut that she’s been working hard to get out of a financial hole after she booked Orange Is The New Black. “But then I was
