It's Black History Month, and the #blackowned hashtag on TikTok has gotten over 4.8 million views as many users honor the occasion by celebrating Black-owned businesses.
One business getting some love this month is Kreme & Krumbs, a Black-owned ice cream shop in Montclair, New Jersey. Cheddar News' Shannon LaNier spoke with owner Kiahna Malloy about why she got into the business.
"In 2018, I was laid off, so I decided I'm going to go ahead and live my dream, which was to open up my ice cream shop," she said.
Malloy worked for the federal government for 25 years and used her severance package to help build the business, with the goal of eventually financially supporting herself and her husband.
In addition, Malloy felt that the existing market for ice cream wasn't up to snuff.
"I found that the market lacked ice cream with flavor," Malloy said. "You know, I wanted my vanilla to taste like vanilla, chocolate to taste like chocolate, strawberry to taste like strawberry."
Here are some tips that Malloy offered for others looking to start a business:
"I know it's corny to say follow your passion, but I would say always follow your passion," she said. "However, make sure that passion turns over a profit."
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.