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Racism Isn't Just Systemic In Law Enforcement. It's In Real Estate, Too

Video Credit: Wochit News - Duration: 00:34s - Published
Racism Isn't Just Systemic In Law Enforcement. It's In Real Estate, Too

Racism Isn't Just Systemic In Law Enforcement. It's In Real Estate, Too

Recent Black Lives Matter demonstrations across the US have shed a light on not only racism in law enforcement but also economic discrimination.

According to Business Insider, a home in an African American neighborhood in Minneapolis is worth $33,000 less than a comparable home in a white one.

In the first quarter of 2020, the black homeownership rate stood at 44%.

The level of white homeownership was a shocking 73.7%.

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Business Insider Business Insider Financial and business news website published by Insider Inc.

Buyer Emerges For Brooks Brothers [Video]

Buyer Emerges For Brooks Brothers

Brooks Brothers announced that Authentic Brands Group and SPARC Group LLC were the winning bidders for the suiting company. Business Insider reports that Brooks Brothers filed for Chapter 11 bankruptcy last month. ABG and SPARC increased its initial offer of $305 million to $325 million. They agreed to keep at least 125 retail locations operating. The group have previously worked together to purchase distressed retailers like Aeropostale and Juicy Couture.

Credit: Wochit News    Duration: 00:29Published
Tesla Up 7% After Stock Split [Video]

Tesla Up 7% After Stock Split

On Wednesday, Tesla stock rallied as much as 7% in early trading. According to Business Insider the boost comes after the company revealed a five-for-one stock split scheduled for August 28. Every Tesla shareholder will receive four additional shares that, when added to their existing share, will equal the stock's pre-split value. The split itself won't change Tesla's market cap. However, it may pull in smaller investors who couldn't previously afford shares.

Credit: Wochit News    Duration: 00:33Published
Nutella Billionaire Now Owns Cookie Business [Video]

Nutella Billionaire Now Owns Cookie Business

Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.

Credit: Wochit News    Duration: 00:27Published
Facebook Ad Revenue Will Go Up In 2020 [Video]

Facebook Ad Revenue Will Go Up In 2020

Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.

Credit: Wochit News    Duration: 00:33Published
Robinhood Saw Surge In Trades During June [Video]

Robinhood Saw Surge In Trades During June

Robinhood overtook its rivals in trading activity during the month of June. According to Business Insider, a surge in retail investing drove millions of users to the trading platform. The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty. Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.

Credit: Wochit News    Duration: 00:30Published

African Americans African Americans Racial or ethnic group in the United States with African ancestry

Americans' confidence in police falls to historic low, Gallup poll shows

White Americans have historically been more confident in the police than Black Americans, but the gap now is the largest it has ever been.

USATODAY.com
'Historic day for Indian community': Kamala Harris' uncle on her being selected as US VP candidate [Video]

'Historic day for Indian community': Kamala Harris' uncle on her being selected as US VP candidate

Indian-origin Kamala Harris is being selected as Democratic candidate for United States Vice President. Speaking on it, her maternal uncle said, "Our family feels happy. My sister, her mother, would have been very proud of her daughter. It is a historic day for the Indian community. My sister passed away in 2009, Kamala came here to immerse her mother's ashes in the Bay of Bengal. I spoke to her last time when I was in the US, in October-December last year. Today I sent her a message of congratulations." He further said, "She could not come here frequently in the last couple of years as she is a Senator. She is Indian and likes India but that doesn't mean that anything India says is right for her. She is also Jamaican, an African-American, she uses her own judgement."

Credit: ANI    Duration: 01:58Published
Vista Equity Partner CEO talks race, COVID [Video]

Vista Equity Partner CEO talks race, COVID

Vista Equity Partners founder Robert Smith, who according to Forbes is the wealthiest African-American, discusses the fight for social and economic justice, creating better opportunities for minority communities and why now is the time for systematic change.

Credit: Reuters Studio    Duration: 01:36Published

Minneapolis Minneapolis Largest city in Minnesota

Police bodycam videos raise questions over George Floyd's treatment in police custody

In Minneapolis, a judge released the full bodycam videos from two former officers charged in the death of George Floyd. The footage raises new and troubling..
CBS News

Britain examines its slave-trade past

The Black Lives Matter campaign, which was propelled by the killing of George Floyd in Minneapolis, has become a worldwide movement, particularly in Britain,..
CBS News

Minneapolis mayor wants mentors for new officers

In an interview with The Associated Press as part of its AP Newsmakers series, Frey says the city wants to make sure that the training new officers get isn't..
USATODAY.com

Proposal to disband Minneapolis police weighed amid skepticism

Critics say the city council's push to pose the issue to voters is "big talk" with no real plan for reform
CBS News

Distrust of the Minneapolis Police, and Also the Effort to Defund Them

Residents on Minneapolis’s North Side, which has a majority Black population, have mixed opinions on the City Council’s effort to significantly reduce the..
NYTimes.com

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