Black Elites

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

In business

Aid Groups Warn U.S. May Let Contraceptives Expire

Aid organizations are pressing the Trump administration to release nearly $9.7 million worth of U.S.-purchased contraceptives that have been warehoused in Belgium for months amid a broad freeze of...

Louis Vuitton, Pharrell Ask Judge to Toss Coogi Suit, Say Brand Is Trying to “Monopolize an Aesthetic”

Louis Vuitton and men’s creative director Pharrell Williams have moved to dismiss Coogi’s copyright and trade-dress lawsuit, arguing the Australian knitwear label is seeking exclusive control over a...

Amazon to Lay Off 30,000 Corporate Employees in Its Largest Job Cuts Since 2022

Amazon is preparing to lay off as many as 30,000 corporate employees beginning Tuesday, marking its largest round of job cuts since 2022. According to Reuters, which cited sources familiar with the...

Bill Maher Asks Why ‘No Kings’ Protests Appeared Largely White

On the Oct. 24 episode of HBO’s “Real Time,” Bill Maher raised questions about the racial makeup of the nationwide “No Kings” protests against former President Donald Trump, citing reporting from The...

Jasmine Crockett Says She’s Weighing 2026 Texas Senate Bid

Texas Rep. Jasmine Crockett (D-Dallas) says she’s “strongly” considering a run for the U.S. Senate in 2026, pointing to polling that shows her competitive in a Democratic primary and to uncertainty...

LVMH Reportedly Weighs Sale of 50% Stake in Rihanna’s Fenty Beauty

LVMH is exploring a sale of its 50% holding in Fenty Beauty, the cosmetics brand it co-founded with Rihanna in 2017, according to people familiar with the matter. The luxury group has tapped...

Ex-Sheriff’s Deputy Sean Grayson Faces Trial in Killing of Sonya Massey

The murder trial of former sheriff’s deputy Sean Grayson opened Monday, Oct. 20, more than a year after the fatal shooting of 36-year-old Sonya Massey inside her Springfield home. The case, originally...

Obama Presidential Center Sets Spring 2026 Opening on Chicago’s South Side

After years of planning and construction, the Barack Obama Presidential Center is slated to open in spring 2026 in Chicago’s Jackson Park, the Obama Foundation announced Oct. 20. The foundation also...

Arthur Hayes Eyes $250M for Crypto Buyout Fund

Arthur Hayes remains upbeat on Bitcoin even after the latest drawdown, and he’s putting money behind that conviction. His family office, Maelstrom, is raising a $250 million private-equity fund to...