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Category: Financial Markets

Bakersfield
Stefi Mar

Musk and the $1 Trillion SpaceX Promise

Musk, founder of SpaceX and the world’s wealthiest individual, made a sweeping prediction over the weekend, suggesting his rocket company could surpass $1 trillion in annual revenue within the next several years. The forecast arrived just days after SpaceX made its public market debut, an event that valued the company at more than $2 trillion and instantly ranked it among the six largest American firms by market capitalization.

Stefi Mar June 15, 2026
Congress
James Luckey

Waters and Lynch Announce Anti-Crypto Corruption Week

facebooktwitterinstagram Together, these bills pave the way for massive crypto fraud and legitimize President Trump’s crypto corruption, which has already netted him a staggering $1.2

James Luckey July 11, 2025
African Americans
Stefi Mar

Debt Relief Just Got Real: Experian Erases Millions in Balances For African Americans

Experian has launched a major debt relief initiative, committing $5 million to assist 5,000 families in Louisiana and aiming to expand to other locations. The effort, carried out in partnership with public benefit corporation ForgiveCo, seeks to ease the financial burdens of households grappling with credit card and personal loan debt.

Stefi Mar March 19, 2025
Bakersfield
Stefi Mar

NAACP Sues Trump Administration Over Dismantling of Consumer Financial Protection Bureau

The NAACP has filed a lawsuit in the U.S. District Court for the District of Columbia challenging the legality of the Trump administration’s decision to dismantle the Consumer Financial Protection Bureau (CFPB). The civil rights organization argues that the move undermines protections for Black, elderly, and vulnerable consumers, leaving them exposed to financial exploitation.

Stefi Mar February 18, 2025
African Americans
Stefi Mar

Elon Musk and the Department of Treasury: What Does This Mean for Your Tax Refunds?

In recent weeks, rumors about Elon Musk’s potential involvement with the U.S. Department of Treasury have sparked widespread discussion and concern. As a polarizing figure in the tech and business world, Musk’s name often evokes strong reactions—both positive and negative. While it’s important to note that Musk has not officially taken over the Treasury Department, the speculation raises important questions about what his influence could mean for everyday Americans, particularly those awaiting their tax refunds. Let’s examine the situation objectively.

Stefi Mar February 11, 2025
African Americans
Stefi Mar

Professor Tonya M. Evans on Cryptocurrency, Black Wealth, and the High Stakes of Trump’s Agenda 47 and Project 2025

In a recent appearance on Let It Be Known News, Professor Tonya M. Evans—an expert in fintech law at Penn State Dickinson Law and a prominent figure in digital asset strategy—discussed the evolving landscape of cryptocurrency, particularly its impact on Black America. As an advisor on fintech policy through her company Advantage Evans, LLC, and a board member of Digital Currency Group, Evans is deeply invested in guiding Black investors through the complex world of cryptocurrency.

Stefi Mar November 19, 2024
Financial Markets
Stefi Mar

Congresswoman Maxine Waters and City Treasurer Wanda Brown Endorse Taylor Bryant for Inglewood City Treasurer

Taylor Bryant is poised to become the next City Treasurer for the City of Inglewood, and she’s already earned the endorsement of two prominent figures: Congresswoman Maxine Waters and City Treasurer Wanda Brown. Bryant is a lifelong Inglewood resident, having spent almost all of her 32 years in the city she hopes to serve. Her educational background includes a degree from City Honors High School, graduating with honors from UCLA, and completing her law degree at Loyola Law School. This extensive education has equipped her with a strong foundation in law, finance, and public service.

Stefi Mar October 29, 2024
Bakersfield
Stefi Mar

TD Bank Pleads Guilty to Bank Secrecy Act Violations and Money Laundering, Agrees to $1.8 Billion Penalty

TD Bank N.A. (TDBNA) and its parent company, TD Bank US Holding Company (TDBUSH), pleaded guilty to Bank Secrecy Act (BSA) violations and money laundering charges, agreeing to pay over $1.8 billion in penalties. The plea resolves a Justice Department investigation into the bank’s failure to comply with anti-money laundering (AML) requirements, including lapses in filing accurate Currency Transaction Reports (CTRs).

Stefi Mar October 15, 2024
Bakersfield
Stefi Mar

Inflation Cools to Below 3%, Paving the Way for Potential Fed Rate Cuts

Inflation in the United States showed promising signs of easing in July, with the Consumer Price Index (CPI) falling below 3% for the first time in over three years. The unexpected slowdown in price hikes could lead the Federal Reserve to cut interest rates as early as next month, potentially easing borrowing costs and providing a boost to economic growth.

Stefi Mar August 20, 2024