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

What You Need to Know About Red Lobster Bankruptcy

Red Lobster, a prominent seafood restaurant chain with 649 locations across the United States, is reportedly considering a Chapter 11 bankruptcy filing as it grapples with mounting debt. ...

Fatal Shooting in Bronx by Scooter- Gunmen Leaves One Dead, Three Injured

On Tuesday evening in the Bronx, a street corner turned into a scene of violence as four individuals fell victim to gunfire, allegedly perpetrated by assailants on scooters. Police revealed that...

U.S. States with the Highest Black Population in 2024 – Report

The Black population, according to the 2018 United States Census estimates, accounts for approximately 14.6% of the nation’s populace, totaling 47.8 million people. Specifically, the Black-only...

Westbound Equity Partners Pledges $100 Million for Black and Latino-Led Startups

Formerly known as Concrete Rose Capital, Westbound Equity Partners aims to inject millions into Black, Latino, and diversity-driven startups. Co-founder Sean Mendy emphasizes the importance of...

Fund Led by NBA Icons Investing $230K to Empower Black Youth and Entrepreneurs

NBA legends Carmelo Anthony, Chris Paul, and Dwyane Wade, alongside their philanthropic endeavour, the Social Change Fund United (SCFU), have announced a significant investment of $230,000 into two...

The Dark Controversial Life of OJ Simpson

Many refer to OJ Simpson as a monster for the death of his best friend Ron Goldman and ex-wife Nicole Brown Simpson. His involvement in the infamous ‘Trial of the Century’ and the dramatic...

NBA Veteran Ben McLemore Arrested on Sex Crime Charges in Oregon

Former NBA guard Ben McLemore finds himself in legal turmoil after being apprehended by U.S. Marshals on Tuesday in Oregon.  McLemore, 31, faces serious sex crime charges related to allegations...

Former Mississippi Law Officers, Part of ‘Goon Squad,’ Sentenced for Abusing Black Men

Six former law enforcement officers from Mississippi, part of a goon squad, were sentenced in state court on Wednesday to 15 to 45 years behind bars for the prolonged abuse of two black men. These...

Employer Settles Federal Lawsuit Over Firing Woman for Wearing Natural Hair

A Louisiana employer has reached a settlement in a federal lawsuit brought by the Equal Employment Opportunity Commission (EEOC).  The case involved allegations from Imani Jackson, who claimed...