Black Enterprise

Hair technology startup Halo has secured $7 million in funding to accelerate production of HaloBraid, a patent-pending device designed to help professional stylists complete braided hairstyles more efficiently while reducing the physical strain associated with the service, the Cambridge, Massachusetts-based company announced on June 23. The company did not disclose the investors participating in the funding round.

A 12-year-old Georgia entrepreneur is proving age is no barrier to business ownership after transforming a $600 investment into a growing 3D-printing company with the help of his twin brother, CBS News Atlanta reports. Aaron Osirus launched A3D after recognizing demand for customizable fidget toys among classmates. Using money borrowed from his parents, he purchased a multicolor 3D printer and began producing personalized toys from his home.

More than six decades after Dr. Martin Luther King Jr. delivered his iconic “I Have a Dream” speech at the Lincoln Memorial, civil rights leaders are once again preparing to gather in Washington, D.C., to advocate for voting rights. Led by Rev. Al Sharpton, civil rights groups announced the “March on Washington 2026: Defend the Vote,” which will take place on Aug. 28 to mark the 63rd anniversary of the historic 1963 march.

Millennials who have spent years building retirement and savings may face an unexpected financial challenge as more baby boomers retire without enough money to support themselves, according to Business Insider. Financial planners say the trend is forcing many adult children to prepare for the possibility of helping aging parents while also saving for their own futures.

More than six months after Martin University permanently closed on Dec. 31, 2025, former students and employees say they are still working to recover from the collapse of Indiana’s only predominantly Black institution of higher education. The closure of the Indianapolis university disrupted degree programs, eliminated jobs, and left many searching for financial and academic stability, according to The Indianapolis Star.

ON THIS DAY: July 15 Marks The Birth Of Banking Pioneer Walker was a visionary entrepreneur Maggie Lena Walker was born July 15, 1964. Walker was a visionary entrepreneur, civil rights advocate, and community organizer in Richmond, Virginia. Honored by the National Women’s History Museum, she is celebrated as the first African American woman to charter and serve as president of a U.S. bank, using financial empowerment to champion civil rights.

In an era when professional sports culture glorifies immediate spending on mansions and exotic cars, elite athletes Jalen Hurts and Arik Armstead follow a different playbook. By prioritizing aggressive saving and asset preservation, they provide a clear blueprint for financial empowerment in the African American community. Hurts, the Philadelphia Eagles quarterback who secured a $255 million contract extension through 2028, entered the league with a $6 million rookie deal.

A longtime Costco cashier is proving that even everyday workers can become millionaires. Tony Barzar, 60, has spent nearly four decades with the warehouse retailer, growing his retirement savings to more than $1 million while working an hourly job in Tucson, Arizona. Today, he earns $32.90 an hour, owns a three-bedroom home with a pool, and has traveled to Europe twice—all thanks to decades of steady employment, disciplined investing, and Costco’s employee benefits, reports Moneywise.

Americans will pay more to send letters after the U.S. Postal Service implemented new mailing rates July 12, increasing the price of a First-Class Mail Forever stamp from 78 cents to 82 cents following approval by the USPS Postal Regulatory Commission, Reuters reports. The nationwide rate changes are part of the agency’s effort to improve its long-term financial position and support ongoing operational investments. The new .

This spring, The Steam Bar Founder and CEO Judy Koloko traveled to Atlanta to celebrate the brand’s recent addition to Sephora at The Dirty Tea, a Black woman-owned tea room. The British-Nigerian entrepreneur launched her brand after making the tough decision to leave behind a thriving career in fashion to pursue her vision of launching a premium haircare brand.