Black Elites

Markets, capital and the companies redefining the global economy.

Deep reporting on the deals, firms and industries where the next chapter of wealth is being written.

In business

Racial and Discrimination Complaints Filed Against Another Chick‑fil‑A Franchise

A Chick‑fil‑A franchise in suburban Philadelphia is facing a federal lawsuit that claims ongoing racial discrimination and abuse by the franchise owner. This case represents one of the most serious...

Trump Threatens to Sue Trevor Noah Over Epstein Island Joke at 2026 Grammys

Donald Trump has threatened to sue comedian Trevor Noah over a joke made during the 2026 Grammy Awards. This has sparked a new media controversy. During the awards show, Noah joked in his opening...

14 Black-Owned Businesses to Support This Black History Month

Every Black History Month, we reflect on the past. However, it is equally important to support the Black-owned businesses shaping our present and future. These Black-founded ventures do more than sell...

Detroit Empowers 140 Small Businesses with Tech Microgrants

The City of Detroit, together with community organizations and the Rocket Community Fund, has started a new initiative to help small businesses in the neighborhood use modern technology and stay...

What You Need to Know About U.S. Tax Changes in 2026

2026 will be one of the most impactful tax years in history, with the One Big Beautiful Bill Act (OBBB/OBBBA) signed in mid-2025. Together with the usual IRS indexing for inflation, an unusual mix of...

5 Business Grants Black Entrepreneurs Are Missing (and Why)

Black entrepreneurs continue to get a small portion of the capital available through federal and private grant programs. According to experts, awareness, accessibility, and structural obstacles that...

Trump and Sons Sue IRS, Treasury $10B Over Leaked Taxes

U.S. President Donald Trump, his two oldest sons, Donald Trump Jr. and Eric Trump, along with the Trump Organization, have filed a $10 billion federal lawsuit against the U.S. Treasury Department and...

Saks Files for Bankruptcy, Shuts Most OFF 5TH Locations

As part of its bankruptcy restructuring, Saks is closing the majority of its OFF 5TH stores. Saks Global, which is in charge of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks OFF 5TH...

6 Economic Policies Quietly Affecting Black-Owned Businesses

Black-owned businesses continue to be a significant yet underutilized source of economic expansion throughout the United States. However, some federal economic policies are influencing their prospects...