CoCo Gauff Launches Her Own Management Firm To 'Take Greater Ownership' Of Tennis Career

President Donald Trump’s 10% tariff on all countries took effect over the weekend, and on Monday, April 7, U.S. stocks fell by at least 20%, entering what is known as a “bear market,” CNN reported . According to Dictionary.com, a bear market — the opposite of a bull market — is a prolonged period of declining stock prices , generally defined as a drop of 20% or more from a recent high, though not a formal measurement. On Thursday, April 3, stock markets had already experienced their worst day since the start of the COVID-19 pandemic in 2020, AFROTECH™ reported. Then came Friday with another record drop. The S&P 500 index, which tracks 500 leading U.S. companies, fell by over 4%, marking a decline of more than 16% from its peak. The Russell 2000 index, which follows smaller U.S. companies, plunged by 5.3%. The tech-heavy Nasdaq Composite index — already in a bear market — had experienced a decline of over 5% on Thursday, marking its worst trading session in more than five years. It...

Unrivaled, a 3-on-3 women’s basketball league, had solid revenue in its first year. Investing In Its Athletes From The Start As AFROTECH™ previously reported, the Medley, FL-based league with 36 players was created by Napheesa Collier and Breanna Stewart and offers the highest-paid salaries in women’s sports, with an average salary of over $200,000. The league has also provided incentives to players, with $50,000 allocated to each player on the winning 2025 Playoffs team. This year’s reigning champion is the Rose BC, led by Coach Nola Henry and featuring players Brittney Sykes, Angel Reese, Kahleah Copper, Azura Stevens, Lexie Hull, and Chelsea Gray. View this post on Instagram A post shared by Rose BC (@rosebc) What’s more, Unrivaled is pushing the boundaries of what it means to invest in women’s sports. The league provides a makeup room, weight room, and daycare center for practice and games, per Front Office Sports, and it has partnered with Samsung as its official presenting and...

The U.S. job market is sending mixed messages — and workers are caught in the middle. On one hand, employers are adding jobs at a pace that suggests economic growth. On the other hand, unemployment is rising and confidence in long-term stability is shrinking. It’s a win-loss moment for the American workforce: The numbers are up, but the foundation feels shaky. According to CNN, the U.S. economy added 228,000 jobs in March, beating expectations and extending a 51-month streak of job growth — one of the longest in U.S. history. Yet, in the same report, the unemployment rate ticked up to 4.2%, indicating that while more people are entering the labor force, not everyone is finding a place in it. The Strengths And Limits Of The Job Market March’s numbers were encouraging in many ways. Job creation exceeded expectations, and average wages rose 0.3% for the month, slowing to a 3.8% year-over-year increase. Economists had predicted slower growth — around 130,000 new jobs — but the market...

The 170 million TikTok users in the U.S., according to NBC News, will have access to the app for at least another 75 days. Is TikTok Getting Banned Tomorrow? On Friday, April 4, 2024, President Donald Trump announced plans to sign an executive order giving ByteDance, the China-based owner of TikTok, an additional 75 days to find a non-Chinese buyer. “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump wrote in a TruthSocial post. “The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.” On April 24, 2024, former President Joe Biden signed a law requiring ByteDance to sell the app to a U.S. company within one year or risk a ban, AFROTECH™ previously reported. Lawmakers and national security experts have expressed concerns over China’s potential access to ByteDance’s U.S. user data and its ability to...

While fans are focused on new music, Cardi B is focused on creating generational wealth. Cardi B has aligned herself with various endorsement deals over the years from Pepsi, Reebok, NYX Professional Makeup, and Fashion Nova, which she worked with earlier on in her career. As AFROTECH previously told you, Fashion Nova paid the rapper $200 for every post back in 2016, two years before the release of her successful debut album “Invasion of Privacy.” That number went as high as $20,000 per month, according to Vox. In April 2024, she revealed she was earning over $5 million from brand deals. Cardi B has proven she is able to bring in the dough for companies, and over the past couple of years she is now doing the same on her own terms. In 2021, Cardi B launched Whipshots in partnership with Starco Brands, which sold 5 million cans within three years, a press release mentions. View this post on Instagram A post shared by Whipshots ™ (@whip_shots) Launching Apparel And Beauty Brands Cardi...

Apple faces its largest decline since 2020, leading the race of significant drops in technology stocks as President Donald Trump announced a 10% tariff on all imported goods and higher duties targeting specific countries, according to CNBC. Trump shared the news about tariffs from the White House’s Rose Garden after the market closed on Wednesday, April 2, 2025, raising concerns about a potential global trade war . According to a White House fact sheet, the tariffs will take effect at 12:01 a.m. EST on Saturday, April 5, 2025. “Today, President Donald J. Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers,” the fact sheet read. On Thursday, April 3, Apple stock declined by over 8%, Meta Platforms and Amazon each dropped about 7%, and Nvidia and Tesla experienced declines of over 4%, per CNBC. The...

Cost of Doing Business (CODB), the holding company co-founded by Topicals CEO Olamide Olowe and President Sochi Mbadugha, has acquired premium haircare brand Bread Beauty Supply. According to a news release, the acquisition is CODB’s first step in building brands that connect culture, community, and commerce — especially as many companies scale back their diversity, equity, and inclusion (DEI) efforts . “At a time when DEI commitments are being rolled back, it’s critical that Black-owned businesses not only survive — we have to win,” Olowe said. “Maeva Heim, BREAD’s Founder, is one of the most talented creatives in the space and has led BREAD to have a major impact in the hair care industry, and with CODB’s resources and expertise, we’re ensuring that it continues to grow while remaining deeply rooted in its mission and creative ethos.” Photo Credit: Gold Owolabi With Bread now under CODB, the brand is set for growth while preserving its commitment to textured hair care. The...

Costco’s consumer base is on the rise. According to Retail Brew, the retailer has continued seeing an increase in its foot traffic, having reached its 13th consecutive week during the week of March 17. Costco’s influx of customers is in part due to its decision to uphold diversity, equity, and inclusion (DEI). It sparked a “buy in” led by Civil Rights activist Rev. Al Sharpton in January 2025 at Costco Wholesale, 1055 Hudson St., in Union, NJ. “We are planning to release a boycott list in the coming days,” Sharpton told TMZ at the time. “But in the interim, we are going to do a ‘buy-cott,’ which means we are going to support those who support diversity.” As AFROTECH™ previously told you, Costco’s board of directors requested for its shareholders to vote against a proposal from the National Center for Public Policy Research (NCPPR) that would dismantle its DEI programs. “Our success at Costco Wholesale has been built on service to our critical stakeholders: employees, members, and...