Those who have been following along with corporate news in recent weeks may already be aware of president Donald Trump’s ongoing initiative to bring massive financial changes to the tech industry. The head of state and 34-time convicted felon previously announced multi-billion dollar deals with fintech giants including OpenAI, SoftBank and more. The collaboration, which has been titled Stargate , has drawn eyes from a number of tech industry heads, including Apple’s Tim Cook . Now, according to recent reports, Cook himself has announced an effort to invest $500 billion back into the United States economy, with specific plans to hire 20,000 new U.S. based employees over the next five years. Though Apple has always been at the forefront of American engineering and design, this announcement has come as quite a shock to some investors, considering Tim Cook’s outspoken stance on upholding DEI initiatives , in stark contrast to Trump’s demands. Clearly, Cook is able to compartmentalize...

Happy wife, happy life is how the saying goes. Tracy McGrady will agree. The basketball legend, nicknamed T-Mac, was drafted into the NBA by the Toronto Raptors in 1997. He was just 18 years old at the time and had played high school basketball for North Carolina’s Mt. Zion Christian Academy. He signed a three-year rookie contract valued at $4,689,480, per Spotrac. This was not, however, his first lucrative contract. Just ahead of the 1997 draft, his talents landed him a $12 million shoe endorsement deal with Adidas, as AFROTECH™ previously reported. Making that kind of money at 18 came with its learning curves. McGrady grew up in a household with his mother working as a custodian at Disney while his grandmother was a custodian at his elementary school for three decades. No one in his family earned over $40,000. “You can only imagine I’m 18 years old. I don’t have a family that has taught me financial literacy. I don’t know anything about it. So all of this is just trying to figure...

Master P is a multifaceted rapper, record producer, record executive, actor, entrepreneur — and now president of basketball operations. On Feb. 26, 2026, Louisiana’s University of New Orleans (UNO) Privateers announced that the local legend, born Percy Miller, was joining them in this new role. As a former college basketball player, Miller, 54, has spent the past two decades coaching the sport. During that time, his Amateur Athletic Union team, “P. Miller’s Ballers,” won three national championships, and he coached future NBA players Demar Derozan , Brandon Jennings, Lance Stephenson, and Jalen Suggs, the news release notes. “As a kid growing up in New Orleans, I can honestly say that basketball changed and saved my life,” Miller said. Despite his significant success in the music industry, Miller said he finds the most fulfillment in coaching the next generation of basketball players and giving back to his community. He asserted that UNO used to have one of the best basketball...

Rémy Martin has unveiled a limited-editions cognac collection honoring the legacy and influence of Hip-Hop culture. According to a press release, the V.S.O.P. “This is My City” limited-editions collection features four unique bottle designs, each paying homage to iconic cities and their distinctive influence on contemporary culture: Atlanta, pushing boundaries; Chicago, home of lyrical legends; Detroit, the birthplace of Motown and resilient beats; and New York City, the birthplace of Hip-Hop. Courtesy of Rémy Martin Along with launching the collection, Rémy Martin introduced its inaugural “This is My City” microgrant initiative to support emerging creatives contributing to their local culture and communities through entrepreneurship. Emphasis will be placed on recipients whose work shapes conversations within their industry and community, pushes boundaries, and displays originality and authenticity. The regional microgrant initiative will award $20,000 grants and one-on-one...

In an era of rising costs and increasing financial awareness , many people are turning to the “ no-buy year ” as a strategy to take control of their spending habits. This trend challenges individuals to commit to purchasing only essentials for an entire year. By eliminating non-essential spending, participants aim to build savings, reduce waste and cultivate a more mindful approach to consumption. However, the specific rules of a no-buy year vary from person to person, making it a flexible yet disciplined approach to financial wellness. A no-buy year is not about deprivation—it’s about intentional spending. The goal is to break the cycle of impulse purchases, reassess financial priorities and learn to appreciate what you already own. Whether you’re looking to save for a major goal, minimize clutter or simply gain a deeper understanding of your relationship with money, setting clear guidelines is essential for success. How A No-Buy Year Works At its core, a no-buy year revolves...

Veolia North America, an engineering firm, has agreed to pay $53 million for its alleged role in the ongoing lead-tainted water crisis plaguing Flint, MI, since April 2014. In exchange for the settlement, Michigan has agreed to dismiss its civil lawsuit against the Boston, MA-based company, which will pay 26,000 individual Flint plaintiffs suing them in separate litigation, according to The Detroit News. “After years of drawn-out legal battles, this settlement finally closes a chapter for Flint residents,” Michigan Attorney General Dana Nessel said on Feb. 21, 2025. “While no amount of money can fully repair the damage caused to the Flint community, these funds will provide additional resources to those directly impacted, especially Flint children, by this preventable crisis.” Flint’s water crisis started when the city, under state-controlled emergency management, switched its drinking water source from Detroit’s Lake Huron to the Flint River while construction was underway on the...

Tabitha Brown has claimed a new title to strengthen her commitment to small businesses. In her journey as an entrepreneur , she has leveraged her social media platforms—originally catapulted to fame by a viral video of her enjoying a TTLA (tempeh bacon, tomato, lettuce, and avocado) sandwich from Whole Foods Market—to foster meaningful connections with her community. Through her vibrant spirit and authenticity, she has also cultivated a strong following base, leading her to benefit from customer acquisitions. That support is evident through ventures such as her natural hair care brand, Donna’s Recipe, which is available at retailers such as Ulta Beauty. View this post on Instagram A post shared by DONNA’S RECIPE™️ (@donnasrecipe) “Social media has been EVERYTHING for my business – it’s how I got my start! I know people say that ‘Followers are not dollars,’ but for me, it has been the secret ingredient to my success,” Brown said in an email Q&A with AFROTECH™. “It has allowed me to...

Tracy McGrady has long aspired to team ownership, and now that he’s secured a stake in the NFL, he’s dedicated to increasing representation in the league. As AFROTECH™ previously reported, the basketball icon was announced as a minority owner of the Buffalo Bills in December 2024. He joins his former Toronto Raptors teammate and fellow Florida native, Vince Carter, as part of a group of 10 limited partners, which also includes soccer star Jozy Altidore. This marks the first time the Bills, owned by Terry and Kim Pegula, have expanded their ownership group. “I’ve always wanted to be an owner of a franchise and really didn’t care whether it’s the NBA, a soccer league, whether it’s in the NFL,” McGrady explained in an exclusive interview with AFROTECH™ held at a private reception that was hosted by Diverse Representation and William Morris Endeavor (WME) on Saturday, Dec. 8 to honor Black professionals in sports. Kevell Byrd McGrady also reveals the backstory behind becoming a minority...

On the first day of the new Trump administration, the President issued an executive order to revoke several DEI (Diversity, Equity and Inclusion) protections. This policy change enabled companies across the country to eliminate DEI hiring practices, protections and related incentives. As a result, many prominent businesses revealed that their commitment to DEI had largely been driven by legal requirements rather than genuine support. While some companies, such as Costco, Apple and Delta Airlines, have maintained a strong commitment to supporting marginalized communities , numerous others in the tech, automotive and grocery sectors have removed DEI frameworks from their policies. Given the growing importance of DEI to a significant portion of the American public, consumers are increasingly making more informed choices about where they spend their money. In fact, many have begun to consider boycotting businesses that do not align with their values. For those who prioritize DEI, we...

Could SKIMS, co-founded by Kim Kardashian and Emma Grede, rival the Jordan brand? Founded in 2019, SKIMS is a brand specializing in underwear, loungewear, and shapewear designed for every body type. Its business footprint has grown to include successful brick-and-mortar locations in Georgetown, D.C.; Aventura, FL; Austin, TX; Houston, TX; Atlanta, GA; and New York, NY. The company also boasts a $4 billion valuation. View this post on Instagram A post shared by SKIMS (@skims) Grede, also CEO and co-founder of Good American, another Kardashian family business, attributes its success —not just the $270 million raised in 2023 or the partnership with The North Face—to more than Kim’s celebrity status. View this post on Instagram A post shared by SKIMS (@skims) “Talent can bring you to a product once, but you don’t come back time and time again,” Grede said in an interview with The Guardian. “You have got to be offering superior product at a price and value people really understand. If it...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Elon Musk and his Department of Government Efficiency (DOGE) have been wreaking havoc on the American people, from their quest to gain access to sensitive information within the government to assisting President Donald Trump with his plan to lay off federal employees and dismantle government agencies like the Department of Education . Federal jobs were once a symbol of stable employment, but with mass layoffs and confusion surrounding what jobs still exist, that sentiment may not exist anymore. So far this year, about 200,000 federal workers have had their roles eliminated and 75,000 federal employees have been laid off, with more to come as DOGE continues to comb through federal agencies. Agencies have done hiring freezes, offered buyouts, and mass-fired workers. Some workers doubt that they will even receive the settlement that the administration is offering. Many of these attempts to cut down...

The fashion industry is a massive global market that relies on consumer demand to shape trends and production. Every purchase a consumer makes influences how fashion brands operate, from luxury houses like Dior to fast fashion retailers like SHEIN . Consumer responsibility plays a major role in the ethical, environmental and labor aspects of the fashion industry. Trends change quickly, and consumers are always looking for the next big style. Social media and celebrity culture drive these shifts, making people want to buy new clothes frequently. For fast fashion this means the priority is to create low-cost, trendy clothing at a rapid pace. Companies like Zara, H&M and Forever 21 design and produce new styles in just weeks, while SHEIN keeps a stable of designers on hand to release new looks daily. This ensures that customers always have something new to buy . However, this system comes with significant consequences. The Environmental Impact Of Fast Fashion (Fernand De...

Pharrell Williams’ nonprofit organization Black Ambition has distributed $13 million to underrepresented founders since its inception. The nonprofit currently is launching its fifth Black Ambition Prize Competition, which will award early-stage entrepreneurs in industries such as consumer products and services, health care, media and entertainment, technology, and artificial intelligence (AI). Participants will have a chance to receive more than $1 million in funding. Further support will be provided over 12 weeks through mentorship, business development support, and access to its network of investors and industry leaders through the Black Ambitionist Mentorship Program in partnership with Cinematica Labs. According to information shared with AFROTECH™, $13 million has been awarded to 131 entrepreneurs since 2020. Additionally, the organization’s founder network has raised $280 million and generated over $265 million in revenue. “Five years ago, Black Ambition was an idea,” Williams...

Seattle, WA-based Starbucks plans to lay off 1,100 corporate support employees as part of an effort to streamline operations and improve efficiency. On Monday, Feb. 24, 2025, Starbucks CEO Brian Niccol announced in a news release that those affected will receive notice on Feb. 25. The decision comes after senior leaders began “evaluating the role, structure, and size” of the coffee chain’s global corporate teams in January. “I recognize the news is difficult. It is not a decision the leadership team took lightly,” Niccol wrote. “We understand the real effect this has on partners’ lives and their families. We believe it’s a necessary change to position Starbucks for future success — and to ensure we deliver for our green apron partners and the customers they serve.” The release noted that the layoffs do not affect Starbucks retail store employees or baristas. While the plan also includes eliminating several hundred additional open and unfilled positions, Niccol said the company will...

Kiyan Anthony does not see more than half of his NIL earnings for good reason. According to Sports Illustrated, the basketball player, son of former NBA star Carmelo Anthony , is ranked among the top prospects in the 2025 class. He is currently a four-star recruit and the highest-ranked high school player in New York, playing for Long Island Lutheran High School in Glen Head, NY. As he prepared for the collegiate level, he gained interest from the University of Southern California, Auburn University, and Florida State University. Ultimately, he committed to Syracuse University in New York. “Just looking at Syracuse and seeing, like, what could be done over there if I was to go over there,” Kiyan shared in a statement on the school’s website. “They already have top people coming in, who I’m close with. Young coaching staff that I can connect to. Close to home, 45-minute flight. They would have me catching 6-hour flights to California. Just all of that, and then the ACC (Atlantic...