The Senate Joins The House In 1.9T Stimulus Approval

The Senate ended their unholy stimulus war with the House on the Sabbath giving way to $1.9t in covid-19 relief. The bill skimmed by with a 50-49 vote that is expected to be finalized by President Joe Biden on Monday. Biden reacted to the narrowly bipartisan approval via a Twitter retweet.

“When I took office, I promised help was on the way. Thanks to @SenSchumer and Senate Democrats, we’ve taken one more giant step forward in delivering on that promise. He continued saying “I hope the American Rescue Plan receives a quick passage in the House so it can be sent to my desk to be signed. “

Source: Twitter

Who Qualifies?

Third stimulus checks may not exactly be a charm for hard hit Americans but will provide aid for some of it’s most vulnerable citizens & families.

-Individuals who earned $75,000 or less last year are eligible for the full $1400 payment.

-Married couples with combined incomes that were beneath 150,000 during their most recent tax year also qualify for the full $1400 stipend. While the head of household remains eligible with earnings of $112,000 or less. Adults who earned $80,000 & married couples who’s income tallied beyond $160,000 are exempt from receiving payments.

-Parents will also net an additional $1,400 check per dependent child claimed on their taxes. This round is also more inclusive of older dependents and now include college students and some individuals older than 17 with disabilities.

-Undocumented immigrants are not included in direct payments but may be apart of a household that is eligible for a single payment if a citizen resides within.


Elon Musk is Taking a Twitter Hiatus

Elon Musk visiting a proposed Tesla factory on Sept. 3 in Berlin. Source: Odd Andersen/Agence France-Presse/Getty

Tesla’s first in command namely Elon Musk has decided to take a break from Twitter following recent market shifting tweets. The electric car guru informed his social media followers that he was “Off TWTR for a while” on Tuesday. Musk didn’t render a explanation but isn’t exactly new to social media pauses. The SpaceX CEO previously pumped the breaks on his account in 2018 after coming under fire with the Securities and Exchange Commission after publicly speaking about a private (Tesla) deal that caused the car companies shares to surge. The commissions reprimand would later result in a $40 million settlement with the SEC.

Source: Twitter

Are you cool with Musk taking a break as long as Tesla’s stock keeps blazing?


Slim Thug Speaks On Robinhood’s Gamestop Antics

Robinhood’s (a free brokerage firm) recent trading restrictions enraged amateur traders, veteran economist, politicians and a few celebrities. GameStop’s shares jumped 400% last week closing out the first month of 2021 1,625% in the green. The sudden surge caused a wave of effects which included Reddit tripling it’s members to 6.5 million in one week. The GameStop chaos upended Wall Street and seemed to negatively affect Robinhood’s bottom line which resulted in the broker accessing credit lines and seemingly throttling trades.

Robinhood released a statement on Saturday attempting to clarify their restrictions on skyrocketing stocks.

“With the extraordinary market activity this week, and the temporary restrictions we put in place on certain securities, we’ve received questions about how Robinhood works, trading, clearing and settlement and clearinghouses.” They went on to say “the amount required by clearinghouses to cover the settlement period of some securities rose tremendously this week. How much? To put it in perspective, this week alone, our clearinghouse-mandated deposit requirements related to equities increased ten fold. And that’s what led us to put temporary buying restrictions in place on a small number of securities that the clearinghouses had raised their deposit requirements on. It was not because we wanted to stop people from buying these stocks. We did this because the required amount we had to deposit with the clearinghouse was so large-with individual volatile securities accounting for hundreds of millions of dollars in deposit requirements-that we had to take steps to limit buying in those volatile securities to ensure we could comfortably meet our requirements.”

Source: Instagram

Financially savvy individuals and stock newbies both cried foul against Robinhood and Slim Thug has decided to give his two cents referencing the monetary melee.

The “How to Survive in a Recession” author and King rapper surfaced on social media saying “the mother****ers just proved that they don’t want a poor mother****er to get rich if you got any kind of brain” he went on to say “GameStop was a prime example.” He continued “AFC GameStop that proves to you that these **********ers do not want you to rise up and get that check. Like they say America is the land of opportunity no its not it’s a land of m****rf****ers who old and rich who passing that s**t down and staying on top with no talent. They already had bread so they own this sh*t they daddy died grandpa died that’s what America is. It’s not the land of opportunity.”

Many were disgusted by Robinhood’s actions which demonstrated Capitalism in organic form and at the very least oppression of already struggling Americans.

Source: Twitter

Are you chucking Robinhood the deuces or just diversifying your investments (property, health, ETF’s, Bitcoin, family) until unrestricted trading resumes?


Jay Z Launches Multi-Million Dollar Fund to Aid Black Cannabis Companies

Jay Z broke into the cannabis industry in a major way. Now the rap icon and business man is looking to help minority startups do the same. “The Story of O Jay” rapper has reportedly set aside $10 million to aid Black entrepreneurs in cannabis commerce. During an interview with “The Wall Street Journal” the charitable mogul discussed his displeasure with the racial maligning that is already evident in the sector.

Source: Twitter

He spoke on the systemic black balling that is taking place in the legal marijuana industry stating “It’s really unbelievable how that can happen. We were the ones most negatively affected by the war on drugs, and America has turned around and created a business from it that’s worth billions.”

A study conducted by the American Civil Liberties Union in 2018 revealed that Black people were almost four times more likely to be arrested for marijuana possession than their white peers.

That systemic injustice has made way for the cannabis “blacklist.” Which is a alleged tactic being used to lock Black Americans out of the lucrative industry by using decades old systematic tricks. Some of the racist measures include prohibiting people with “drug” backgrounds from launching a weed business.

Source: Organigram

“I think that we still very much have policies that are both putting people and keeping people in poverty. And frankly, we have policies that are actually increasing the type of gaps that we see said Wes Moore finance expert and CEO of The Robinhood Foundation. He further detailed the seemingly orchestrated disparities in the weed market explaining how “We have seen how cannabis and the war on cannabis have had this not just disproportionate, but disastrous impact on communities of color.”

Shawn Carter professionally known as Jay-Z will also apply the reserves to “diversifying the cannabis workforce through job fairs and placement, industry training and education as well as Social Equity application support.”


Billionaire Investor Chamath Palihapitiya Offers to Buy WNBA Team with Lebron James From GOP Senator Kelly Loeffler

It’s only been 48 hours since Lebron James announced his interest in assembling an “ownership group” to purchase the Atlanta Dreams. The proposal garnered several peoples attention with Carmelo Anthony being the first. Now billionaire investor and venture capitalist Chamath Palihapitya has said he’ll take the NBA champion up on that offer.

The Atlanta Dreams is a WNBA team that is currently owned by unseated Republican Senator Kelly Loeffler. Players successfully campaigned against her during the Georgia runoff elections. The GOP member lost to Democrat Raphael Warnock by only 75,000 votes. Dreams players are being credited for helping Warnock receive the legislative victory. Warnock was polling at 9% to Loeffler’s 26% before the team seemingly bolstered him.

Source: Julio Aguilar-Getty Images

Who is Chamath Palihapitiya?

Palihapitiya is a 44 year old Sri -Lankin native who started working at Facebook in it’s grass roots stages. His task was to expand it’s user base. He made several investments during his tenure at the company that included but wasn’t limited to Palantir, Plain Storage, Playdom, and Slack before founding his own firm in 2011. Chamath’s currently resides in Silicon Valley, CA which is known for being liberal. His acquired wealth exceeds $1 billion. Do you think the NBA champion will accept this bid?

Source: Flickr/JD Lasica


Two Houses: Asian Doll Purchases Second Property

Source: Instagram

Asian Doll’s resilience is on full display as the young rapper has pushed forward despite present grief to release some of her best music yet. Her latest single “Nunnadet S**t” has already garnered over 700,000 streams on Spotify and has been added to more than 15,000 playlist.

Source: Twitter

The “On My Way” rapper recently sat down with Tariji P. Henson’s Facebook show “Peace of Mind” to talk about the tragic loss of her significant other King Von. Von was a fellow rapper who was killed outside of a Atlanta nightclub in November. Asian Doll spoke about the way she’s felt since losing her “soulmate” while also revealing how she learned about the heartbreaking tragedy. “Actually when he passed away, when they said he was in critical condition, he had already passed away.” She explained that a hospital worker contacted her saying “Somebody from the hospital got in contact with me, one of the nurses daughters, and she was just crying on the phone. She was like, Asian I’m so sorry…my grandma works at the hospital, he passed away, they put an X on his bag. So once they said he was dead on social media I already knew.” Asian Doll tearfully said the news made her “whole world crash” and feel “broken.” She bravely went on to caution rappers to “wake up” in order to stop the “cycle” of “repeated” violence.

The late beloved rapper King Von pictured with Asian Doll.-Source: Instagram

Thankfully the young artist has been able to use her music therapeutically meanwhile sharing her grief to help others who’ve felt hopeless after facing similar tragedies.

Source: Facebook

Choosing a healthy, financially savvy way to deal with the pain seems to be paying off for the young lyricist who announced she’s in the process of purchasing her second home on Friday.

Source: Twitter

Are you wishing this young lady the best?

Elon Musk Overtakes Jeff Bezos Becoming The Richest Man Alive

Elon Musk was on the pandemics create 3 digit billionaires side of 2020 and has dethroned Amazon’s Jeff Bezos to become the richest man in the world. While the covid-19 crisis and social distancing directives created an unprecedented influx in online shopping the shipping craze came up fiscally short to the automakers. The South African entrepreneur began 2020 with a $27 billion net worth but assumed the richest person spot on Thursday when his accumulated wealth surpassed Bezos to total $185 billion. That donned the Tesla owner as the fastest person to attain the worlds richest mark in recorded history. Tesla’s profits were up 8% for the year at $816 per share (with a $760 billion market value) when Wall Street closed on Thursday. Billionaire investor Chamath Palihapitiya instructed investors “not to sell a share” while talking with CNBC cautioning short sellers that the stock has the potential to triple. A result that would make Elon Musk the worlds first trillionaire. Are you heading to Robinhood in the morning?


Bitcoin Attains New High, Investors Warn “Massive Bubble” Awaits

Saturday was a historical day for Bitcoin. The digital currency reached a $33,000 valuation after fluctuating for several weeks. Volatile stock market plunges were ineffective in disturbing the crypto coins rally as it took the bull by it’s horns and stampeded to a valuation that ended threefold what it was when 2020 began. However many investors are saying the virtual numbers aren’t reality and are warning others about exaggerated valuations. Economist are crediting “overcrowded” trades as one of the reasons for vanity figures.

Based on our (stock market) valuation work, we are anywhere from 20% to 30% overvalued based on a whole bunch of different metrics” according to David Rosenberg. A veteran strategist and Rosenberg Research president.

Even so the “massive bubble” is expected to stay a float as long as the Federal Reserve doesn’t drastically increase interest rates. While many traditional investors remain skeptical of the virtual coin some perceive it as a means to quick gains and a practical heir to the declining dollar. Ethereum which is the second largest crypto currency also broke a record reaching $1,014 on Sunday according to CNBC.


Irs Demands Additional Taxes From Prince’s Estate

Prince’s death left fortunes behind which caused ongoing disputes about his estates true value. In the latest cash grab the IRS is claiming that the executors managing the property did not detail it’s true merit and are requesting additional taxes be forked up. Representatives for the IRS allege that the estate is worth twice what was initially assessed. The agency is arguing that the estate is appraised at $160 million while the executors originally valued it slightly above $80 million @TMZ. This has prompted Uncle Sam to request tax arrearage that totals 32.4 million by way of the U.S. Tax Court. They are also attempting to collect a $6.4 million penalty for the imperfect math. Prince was an accomplished American music icon who was known for his singer-songwriter and record producing brilliance.

Photo: Michael Ochs Archives/Getty Images


Treasury Says Stimulus Payments Will Start Releasing Tonight

The most recent round of covid-19 stimulus payments will start going out today according to Treasury Secretary Steve Mnuchin. On Tuesday Mnuchin announced via twitter that some people will began to see cash hit their bank accounts as soon as tonight. Payments that are sent via paper check will start going out on Wednesday morning. Individuals who wish to check the status of their money can do so at



Lawmakers were able to come to an agreement on a $900 billion COVID-19 stimulus deal on Monday that covers a second round of stimulus checks which allocates $600 for most Americans. It also includes extended unemployment with a $300 boost to strengthen the benefit in addition to expanding eviction moratoriums for renters. The bill is in conjunction with a $1.4 trillion spending bill that protects federal programs and agencies until Sept. 30, which is the ending of the fiscal year. The Paycheck Protection Program is also being expanded and will now include local newspapers, broadcasters and non profits. Small business grants will gain another $20 billion with live event venues being allocated $15 billion, additional funds were directed to vaccine testing and distribution. The SNAP (Supplemental Nutrition Assistance Program) or SNAP has also been backed with $13 billion stipend.


Kanye West & Lebron James Make Forbes Richest Celebrities List

Forbes has released a few notable list lately with it’s “highest paid” celebrities being the latest. The accumulated wealth of the total roster (100 listees) equaled a whopping “6.1” billion before taxes and fees. The pandemic was not able to stop these Black men from assuming top ten positions among celebrity earners. Their acquired fortunes spanned across a variety of sectors including athletics, fashion and entertainment but was not limited to it.

Tyler Perry/$97M #6 Kanye West/$170M #2
Dwayne Johnson/$87.5M #10

Lebron James/$88.2M


Yelp Is Putting Their Money Where Their Reviews Are By Investing In Black Banks

On Tuesday Yelp announced that they are disbursing $10 million into a trio of Black banks across the country in a company effort to aid “undeserved” communities according to CNN. The receiving banks have been named as Carver Federal Savings Bank (NY), Citizens Savings Bank & Trust Company of Tennessee and Broadway Federal Bank staked in California. The chief financial officer stated that Yelp knows “financial services or access to capital is not equitably distributed in the United States” and that their mission is to “bring consumers together with great local businesses and to support a vibrant local community.” The move follows the companies earlier decision to allow businesses to identify as Black owned on their platform in a move to assist their visibility of being found by patrons. That action resulted in a 35x increase in search rates for those establishments.


Student Loan Repayments Postponed Until 2021

The U.S. Department of Education’s Secretary Betsy DeVos announced on Friday that the government will extend the forbearance period on federal student loans until January 31, 2021 due to business closures as a result of rising Covid-19 cases.

The short relief does not include private student loans. Interest has been paused on federal student loans since early March, when the pandemic became prevalent however individuals who are seeking to make payments can still do so via their loan servicer.


Walmart Axes Online Shipping Minimum To Compete With Amazon

Walmart has made known that it will ditch it’s online shipping minimums for patrons who hold a Walmart+ membership in an effort to become a better competitor against Amazon.

Starting Friday Walmart+ members will automatically qualify for free next day and two day shipping despite the amount of their orders. Exclusive customers will qualify for free shipping whether items total $35 or not. Walmart’s “Chief Customer Officer said “being able to toss an item in your cart, regardless the total, and check out right away lets them knock little things off their to-do-list in no time. Walmart+ went live in September and cost 12.95 per month or approximately $98 per year. The membership includes gas discounts the ability to skip long checkout lines and grocery deliveries.


Black Friday Scammers Are Lurking Here Are 5 Tips To Stay Safe

Between Black Friday and Cyber Monday Americans are expected to shop online like never before and scammers have self appointed themselves alongside retailers looking for opportunities to cash in. The FBI’s section chief Steven Merrill, said during a phone interview that the “agency” is preparing for cybercriminals to put in extra work to negatively capitalize on consumers this year. He also stated that many are “economically distressed and people tend to make decisions that they wouldn’t normally do because circumstances are different.” While also cautioning shoppers to do their “due diligence and be careful.” Here a five tips to keep the bag secured this holiday season.

1. Make sure the site you are shopping on is legitimate. Digital thieves are known to set up fake e commerce stores so make sure the place you’re purchasing from is credible and when in doubt buy the item (if available) from an established retailer.

2. Update Security Software: Downloading your phones/laptops latest security update can alleviate general bugs lagging on your device and strengthen out of date firewalls.

3. Do not click on advertisements sent to your email unless you are certain the source is valid. Email phishing scams are common and clicking on an unknown link can grant a hacker permissions that gives them access to your devices personal settings including financial information and passcodes.

4. Do not use public or free WIFI connections while shopping with a credit or debit card. They’re typically less secure than home networks. If able use a VPN or virtual private network it possesses the ability to hide your location or ISP online.

5. When shopping online check for “HTTP” in the websites address. The absence of a lock icon/http is a direct affirmation that the site is unsecure.

BONUS TIP: Shop at a local black owned business:)


Disney Announces Massive Layoffs Due To Covid-19

The most magical place on earth this past year has been the power of staying in the house and not vacationing something that hasn’t faired to well for the “Walt Disney Co” Theme Parks. The companies recent filing with the Securities and Exchange Commission has stated that it plans to layoff more than 32,000 people in the first half of 2021. The pandemic induced the shuttering of it’s California attractions while social distancing guidelines & attendance restrictions have caused the subsequent reduction of it’s enchanting staff. A Disney spokesman confirmed that the latest numbers also represent the 28,000 that were slated for unemployment earlier this year.


Roblox Applies To Go Public (IPO)

This years prospect of intermittent quarantining has monetarily worked for a few companies with ROBLOX being one of the recipients.

The digital gaming company has been a hit with children during their newly homebound status due to the current pandemic, widely increasing it’s value. On Thursday ROBLOX initiated paperwork to go public by years end after it’s revenue rocketed by a whopping 91% or $242 million. In simple financial terms ROBLOX has filed to enter the stock market as a company and offer shares or pieces of it’s empire with the public for purchase. That means if your children play this game you can invest in this tech giant and likewise benefit from any possibility of further growth or the contrast. “ROBLOX’s platform” according to NBC consist of millions of games and interchanging characters that can be accessed across multiple mobile devices/ systems and a variety of consoles. Is your Robinhood ready?


Apple Agrees to Pay $113 Million in “batterygate” lawsuit

Apple couldn’t charge it’s way out of it’s latest lawsuit and it’s admission of “protecting degrading batteries” has a $113 million dollar price tag attached to it.

The tech mecca has agreed to pay a second settlement to 34 states after it’s attorney’s sued the company for “hiding and throttling” battery performance and life to it’s iPhone customers according to The Verge. The action was said to have enabled Apple to increase it’s bottom lines by making customers shove out undue money for new phones. Apple has denied any wrong intentions but has agreed to make an atonement with this multi million dollar settlement. Is there really no lesson like a paid one?


Twitter Stock Rises After “Fleets” Rollout

Twitter launched “Fleets” on Tuesday in what some have called an effort to compete with Snapchat, Instagram and Clubhouse.

Fleets is a feature that allows Twitter users to post full audio, picture or video images “reactions or plain texted that vanishes after 24 hours.” Twitter’s design director Joshua Harris stated that “people feel more comfortable joining conversations on Twitter with this ephemeral format because what they’re saying lives just for a moment instead of feeling like it’s around forever.” An addition that has already proven popular with millennials as they flocked from other social media formats creating twitter accounts and sharing their names with established audiences on the news. Stock rose for the company on Thursday in early trading hours by 23% however the rollout has been momentarily paused to address bugs and safety concerns according to Yahoo. Do you use social media? Are those stocks in your portfolio?


Tesla Owner Suggest Covid-19 Test Are “Bogus”

Earlier this week Tesla owner and creator Elon Musk decided to share his latest experience testing for Covid-19 eluding to the antigen test being flaky.

Musk alleged that while testing four times in one sitting “two test came back negative, two came back positive.” In addition on Tuesday morning Tesla stock rose dramatically after news broke of it’s intended S&P 500 inclusion shooting Musk’s wealth upwards by $15 billion. He is now in the running to for the “third richest” person in the world and can definitely afford elite testing. What do you think about his results?


Uber and Lyft Scores Legal Win Against It’s Essential Workers

Several huge companies are able to thank Californians after they voted in favor of measures that continues the relationship of drivers as independent contractors instead of employees. This win has been called temporary by some declaring the legal war far from being finished.

Uber, Lyft, DoorDash, Instacart and Postmates found common ground coming together to combine “$200 million” plus dollars to Pass Proposition 22 in California in a rebuke of labor laws in the state namely AB-5. The Assembly bill 5 was concerning to the companies due to it’s “ABC” test that vets whether gig workers are employees who are eligible for certain benefits and labor protections or not. The potential classification as employees threatened to reduce the businesses bottom lines due to pricey incentives and benefits such as minimum wage or sick pay. Proposition 22 allows Uber and Lyft to offer certain protections they are fiscally comfortable with but comes gravely short of what the AB-5 measure sought for the essential workers. Do you think 2020 hazard pay for frontline drivers would’ve been a better way to spend $200 million in the midst of a pandemic?


Pfizers CEO liquidates 5.6 Million of it’s STOCK

According to CNBC after announcing the Covid-19 vaccine was more than 90% effective the CEO of Pfizer (Albert Bourla) got rid of 132,508 worth of shares in the company that represented $5.6 million stocks in total. The transaction was allegedly apart of a “pre-scheduled” “trading plan”. This sale came after it’s shares rose 15% on the companies vaccine news. It is now being reported that the antidote has some pretty unpleasant “side effects” which mimic “a hangover.” If a company anticipates success then doesn’t it’s stock continue to rise? If the vaccine is indeed safe for the public shouldn’t profits/gains continue to increase? Is this business as usual or funny business?


Mark Cuban Tells Entrepreneurs to Shoot Their Shot

During the “Raising The Bar” podcast Mark Cuban detailed how his email is public and he receives “1000’s of messages per day of business pitches that he directly responds to.

Source: Eric McCandless/Getty Images

“The Shark Tank” host and multi billionaire said “90%” of the emails are deleted but for savvy business people that want to get his attention scurrying to the “point” and limiting a “backstory” is the way to do so. He said for him “the longer the backstory the worse the deal”. Cuban said he typically dedicates “two to three hours” to sift through them daily. Are you heading to his inbox?


Pfizer Says Studies Show Covid-19 Vaccine 90% Effective

Several drug companies are claiming to have the best antidote to treat Covid-19 on Monday according to CNBC namely Pfizer and BioNTech hailing it as a “great day for humanity”.

Both announced that their vaccine was 90% plus effective in “preventing Covid-19” in regards to individuals that had not contracted it earlier. Pfizer’s chairman and CEO Dr. Albert Bourla stated that this is perhaps the “most significant medical advance in 100 years”. U.S. stocks soared on the news with the Dow Jones Industrial Average rising 1,646 points. While ways to transport hundreds of millions of any vaccine worldwide still brings concern due to it’s need to remain in “supercooled temperatures” prior to distribution. According Bourla a “critical milestone” has been reached in the Covid-19 vaccine development.


Inspire Brands Cash Out on $11.3 Billion Dunkin Donut Acquisition

Inspire Brands just got a bit sweeter with the 11.3 billion dollar purchase to acquire Dunkin Donuts and Baskin Robbins. The company is the notorious owner of Arby’s as well as Buffalo Wild Wings to name a few. Dunkin Donuts hit a sour patch during the start of the pandemic with revenues reaching near 17% lows however the company has since rebounded fiscally with it’s stocks brewing to record highs since settling in to their new home.


Jay Z’s New Business Venture Is LIT Literally!

The music mogul, executive producing, Grammy award winning MC and entrepreneur is adding something new to his lengthy resume and it’s marijuana. On Saturday CNN reported that Mr. Carter launched a ‘cannabis line” called “Monogram.” Potential customers are able to visit the site to get a spot in line. The business partnering with the mogul is titled “Caliva” a company that Jay Z has been CEO of since 2019.

Source: Getty Images

Jay Z’s cannabis line is categorized as a luxury brand and is set to launch first in California one of it’s staple products is the “OG Handroll” which is a 1.5 gram professionally rolled joint. Michael Auerbach, (Subversive Capital Acquisition Corp.) spoke on his venture with Jay Z.

“He’s a real executive, he’s not some ancillary ambassador who says something nice about us once a year. He’s the tip of our spear who’s building out our house of brands, like he has done with Aces of Spades and D’Usse.”

With all this legal drug dealing is it time to call him Dr. Carter?


Christmas is coming are stocks on your kids list?

Many things have shut down and shuttered during this ongoing global pandemic but Wall Street and the stock market weren’t one of them. Do you want to give the gift that keeps on yielding? Well you may want to consider investing in the stock market.

Did you know that a variety of penny stocks (a term that refers to any stock below $5 a share) are below the the price of a carton of eggnog? While the stock market may experience volatility (a rapid distinct change in the value of shares) investing is a definite catalyst to narrow the “wealth gap” amongst black Americans according to the New York-based “Roosevelt Institute Study” of 2019. So why not get a piece of the pie this holiday season?