Hastings and his wife, Patty Quillin, will donate $40 million to the UNCF (United Negro College Fund) and historically Black Spelman and Morehouse colleges.
"Opportunity zones," a key White House program aimed at reducing racial inequities, have benefited big real estate projects more than minority-owned small business, according to a study.
A measure on the ballot this November in San Francisco would levy a special tax on businesses that pay their highest-earning employee 100 times or more the median salary of its San Francisco workers.
Kabbage had to pause its primary, traditional lending business after the economic shutdowns so it could focus on helping the government distribute emergency funding.
"We, as White people, all know people who are racist. Maybe not overtly racist, but subtly racist," the billionaire entrepreneur told CNBC on Wednesday. "When we see people act that way, we have to step in and say something."
The United Auto Workers union is asking its roughly 399,000 members, including those at the Detroit automakers, to pause Friday, Juneteenth, in a moment of reflection and support for protests across the globe to end racism and hate.
The global pandemic has upended everyday life for millions across the world. But for many their first response is to jump in and help in the fight. Here are the brave, compassionate individuals CNBC readers nominated as the HomeGROWn Heroes of the coronavirus crisis.
Millions around the world are receiving education online for the first time as a result of the coronavirus, and they may never go back, putting companies like Coursera at the center of a paradigm shift in learning. The company ranks No. 4 on the CNBC 2020 Disruptor list, released on Tuesday.
CLEAR, a biometric security company that originally got its start speeding travelers through growing airport lines in the post-9/11 era, now sees a major opportunity as the U.S. exits lockdown from the Covid-19 pandemic.
We recognize Aunt Jemima's origins are based on a racial stereotype," Quaker Oats said, adding that the move is an effort "toward progress on racial equality."
"I think Wayfair may be benefiting more from Covid-19 than almost any single other company except for like an Instacart," said Dan McCarthy, assistant professor of marketing at Emory University.
Facebook has come under criticism for allowing political ads to contain false statements. Now, Mark Zuckerberg says that users will be able to turn them off.
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