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Advice From Black Business Leaders for the Next Generation of Black Americans

, including the lessons they ve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap. More needs to be done to help Black Americans achieve financial success, from increased financial literacy resources to realizing the unique power the next generation of Black Americans holds. Download our mobile app for iOS to get alerts for local breaking news and weather. The pandemic has widened the gap between Black-owned businesses and their white counterparts. Black-owned businesses declined by 41% between February and April 2020, compared with a 17% decline among White-owned businesses. Recent research shows that Black Americans knowledge of saving and investing significantly lags behind whites.

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Black Leaders Share Their Advice on How to Help Black Americans Succeed

In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council.

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American Express Company (NYSE:AXP), Devon Energy Corporation (NYSE:DVN) - Halftime Report Final Trades: NVR, Devon Energy And More

On CNBC's "Fast Money Halftime Report," the investment committee gave their final trades. Market Rebellion Co-Founder Jon Najarian likes Devon .

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(ABNB), Advanced Micro Devices, Inc (NYSE:AMD) - Halftime Report Traders Share Their Thoughts On Air Products & Chemicals, Airbnb And More

(ABNB), Advanced Micro Devices, Inc (NYSE:AMD) - Halftime Report Traders Share Their Thoughts On Air Products & Chemicals, Airbnb And More
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Here s What Prominent Black Americans, Including BET Founder Robert Johnson, Want the Next Generation to Know

Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. We spoke with Black leaders about their advice for the next generation, as well as their defining career moments and lessons they ve learned. Robert Johnson, The RLJ Companies Robert Johnson, founder and chairman of The RLJ Companies, didn t grow up with a lot of money, but he knew working hard could give him an opportunity to succeed. He started Black Entertainment Television with a $15,000 loan in 1980 and in 1991 he launched it as a public company the first African-American-owned one traded on the New York Stock Exchange.

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