Global stocks swoon as Trump tariffs hit markets | Business and Economy News [Video]
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Small Business Growth

Global stocks swoon as Trump tariffs hit markets | Business and Economy News [Video]

United States stocks are at their lowest level since President Donald Trump was sworn in two weeks ago, and other global financial markets slumped after he ordered tariffs on Canada, Mexico and China while world leaders responded to his threats to expand tariffs to the European Union as well.

The benchmark S&P 500 on Monday fell 1.7 percent at the opening bell on the heels of the year’s biggest daily losses on a string of Asian and European bourses over fears of an economically damaging trade war.

Trump said his tariffs on the three largest US trading partners, which were to take effect on Tuesday, might cause Americans some short-term pain but, “long term, the US has been ripped off by virtually every country in the world.”

Later on Monday, Trump said he will pause new tariffs on Mexico for one month after Mexico agreed to reinforce its border with the US …

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How the Black Restaurant Challenge is spotlighting Black-owned restaurants in Boston [Video]
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Small Business Growth

How the Black Restaurant Challenge is spotlighting Black-owned restaurants in Boston [Video]

Restaurant owners at an event to kick off the Black Restaurant Challenge in Boston said they were excited to be spotlighted in a big way.The challenge is an initiative aimed at promoting economic growth and visibility for Black-owned restaurants, bars and hospitality businesses all across Boston.Murl's Kitchen in Dorchester is one of the dozens of restaurants participating in this year's challenge. "There is so much culture in Dorchester, Roxbury, Mattapan, in Boston period," Shantae Romain said. "Its not just limited to whats in Back Bay, what's in downtown, whats in Seaport.""There arent a lot of us, and this time of year, its great to have the extra visibility and have people want to come in and support," Hue Boston co-owner Rob Eugene said.Massachusetts state Rep. Chynah Tyler has been a champion of the challenge for eight years. She says highlighting the businesses can be the extra boost they need to help them thrive. "When you dine at a Black restaurant, its kind of a chain effect. All of their vendors then are able to thrive just because you dined there," Tyler said. Some restaurant owners said they are glad Black-owned businesses are being highlighted, especially at a time when diversity and inclusion initiatives are under attack. Although the challenge is only for the month of February, Tyler said you can easily find a new favorite restaurant to add to your normal rotation. "Its important to be able to do this 12 months a year. And not only restaurants, its all Black businesses and businesses of color as a whole," Tyler said. The challenge's kickoff event at Grace By Nia is open to the public and will run until 10 p.m. Monday.

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