Marketplace Morning Report Investments in Black-owned banks 5 years after George Floyd's murder
May 22, 2025
The discussion highlights the significant investments made by major banks in Black-owned banks following George Floyd's murder. A South Carolina bank shares how these funds are bolstering small business loans in underserved areas. Tune in to hear a restaurant owner's inspiring growth story after receiving a loan that enabled her to expand and franchise. The implications of these investments on economic empowerment and community development are further explored, showcasing a shift in support for marginalized entrepreneurs.
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OpenAI's Hardware Investment
- OpenAI is investing $5 billion to create AI-focused hardware.
- The goal is to reduce dependency on physical gadgets from companies like Google and Apple.
Rising Approval of Unions
- Public approval of labor unions fell in the 70s, reached a low in 2009, then climbed back to 70%.
- Union favorability now surpasses big business, reflecting shifting worker and public attitudes.
Unions Gain Over Big Business
- Favorability gap between labor unions and big business widened after 2012.
- Factors include Occupy Wall Street, Bernie Sanders’ campaign, and pandemic stresses on workers.