Updated 8:50 PM ET, Fri June 5, 2020
Washington, DC is painting a message in giant, yellow letters down a busy DC street ahead of a planned protest this weekend: BLACK LIVES MATTER.
Hong Kong (CNN Business)Facebook is donating $10 million to groups fighting racial inequality as mass protests sweep across the United States after an unarmed black man died at the hands of a police officer in Minneapolis, Minnesota. "We stand with the black community," CEO Mark Zuckerberg wrote in a Facebook post late Sunday, adding the Silicon Valley tech firm to a growing list of companies that have responded to the protests with condemnations of racism, calls for solutions to the escalating discord in the country and promises to address diversity and inclusion at their businesses.
HOUSTON — Texas resident Calvin Martyr wants to bring the black community together in economic solidarity through a nationwide movement called Blackout 2020.
The death of George Floyd while in Minneapolis police custody has struck a chord in the hearts of Americans concerned about the mistreatment of black residents in the United States.
The Facebook group #BlackoutDay2020 was created May 8, but since Floyd’s death on May 25, the private group has rapidly grown to more than 720,000 members as people search for peaceable ways to spark change.
And it continues to gain tens of thousands of new members each day.
The movement focuses on July 7, 2020, a day when supporters have committed to only spending money at black-owned businesses; this includes banks, grocery stores, gas stations, hair salons and all forms of commerce.
"We're going to not...
By Eshe Nelson
Economics & Markets Reporter
In the US, the gender pay gap is narrowing. But progress on equal pay is not itself equal. To earn the same amount as white men in 2016, black women will have had to keep working until around today, July 31, according to the Economic Policy Institute (EPI).
On average, black women are paid only 67 cents on the dollar relative to white non-Hispanic men, even after accounting for education, work experience, and location. They also earn less than white non-Hispanic women, as EPI analysts wrote in a recent blog post:
Despite the large gender disadvantage faced by all women, black women were near parity with white women in 1979. However in 2016, white women’s wages grew to 76 percent of white men’s, compared to 67 percent for black women relative to white men—a racial difference of 9 percentage points. The trend is going the wrong way—progress is slowing for black women.
Black women are hit...