Black Elites

Markets, capital and the companies redefining the global economy.

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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...

Nokia Board Chair Sari Baldauf Steps Down as AI Boosts Q4 Profit

Finland’s telecom and networking company Nokia, has announced that its long‑serving board chair, Sari Baldauf, will step down later this year as the company pushes further into artificial intelligence...

Amazon to Close Nearly All Go and Fresh Stores by February

Amazon says it will close most of its Amazon Go and Amazon Fresh grocery stores across the United States by February 1, 2026, as it shifts strategy toward online grocery delivery and its Whole Foods...

Elon Musk: Tesla to End Model S and X Production for Robots

Elon Musk, chief executive of Tesla, has announced that the company will stop producing its luxury Model S sedan and Model X SUV by mid‑2026. This marks a significant shift from traditional electric...

Living Black American Art Legend: Kerry James Marshall

Kerry James Marshall has long been celebrated as one of the most influential contemporary artists in America. His groundbreaking work has not only reshaped the art world but also highlighted the...

Gold Hits Historic $5,100 as Investors Seek Safe Haven

Gold hits an historic price above $5,100 per ounce on Monday. This is because investors flocked to metal investment amid growing global uncertainty and financial market volatility, marking a...

Obama Condemns ICE After Fatal Shooting of Alex Pretti

The former U.S. President, Barack Obama, and former First Lady Michelle Obama, have condemned the shooting of Alex Pretti, a 37-year-old intensive care nurse, by federal immigration agents in...

7 Dead, over 800,000 Without Power as Winter Storm Hits U.S.

At least 7 people have died and over 800,000 electrical consumers are without power, as a strong winter storm hits the U.S. According to reports, the storm, referred to as Winter Storm Fern comes with...