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Money

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Detroit mayor to declare city on brink of bankruptcy

Jay Scott Smith
theGRIO REPORT - The city of Detroit could face potential bankruptcy by next Spring if significant cuts are not made. Mayor Dave Bing is set to address the city's long-mounting financial crisis this evening...
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Slideshow: Top US cities for blacks to do business

Tamy Cozier
SLIDESHOW - On November 9, the National Urban League Policy Institute released its State of Urban Business report on minority business development...
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10/31/11 - the Grio and CNBC Market Update

Shartia Brantley
VIDEO - In September production rose slightly to a 51 point 6 reading as companies hired more workers...
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TechCrunch founder: "I don't know a single black entrepreneur"

theGrio
Blogger-turned-investor Michael Arrington ignited a controversy with his comments about the visibility of minority-led companies...
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Census: Atlanta has widest wealth gap of US cities

Amelia McGriff
theGRIO REPORT - U.S census numbers have given the city a new label that's nothing to be proud of, but puts into perspective how many Georgians are struggling to make ends meet...
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Michigan might tax fast food to fight obesity

Jay Scott Smith
theGRIO REPORT - Nearly two-thirds of Michigan residents are considered overweight, making Michigan the 10th fattest state in the country...
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Largest black-owned bank in US bailed out

Karen Hunter
OPINION - According to a bank official, Carver will receive a $55 million infusion of cash and will be saved. But for how long?...
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Detroit pays bus drivers to sit and do nothing

Jay Scott Smith
theGRIO REPORT - For nearly a century, Detroit has been known as the Motor City. These days, however, the engine has stalled as many of the city's buses are idled by numerous mechanical and financial issues...
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African-Americans’ buying power is expected to reach $1.1 trillion by 2015.

African-Americans buying power to reach $1.1 trillion

theGrio
WASHINGTON, D.C.- African-Americans' buying power is expected to reach $1.1 trillion by 2015...
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Gov't audit: Fed bank boards lack diversity

theGrio
WASHINGTON (AP) - A government watchdog says the boards of regional Federal Reserve banks need stronger policies to avoid conflicts of interest...
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