1. Drake photographed for the OVO and Authentic Brands Group partnership announcement
    Culture

    Authentic Brands Group Buys 51% of Drake's OVO as Vince Takes Operating Business

    Authentic Brands Group has acquired 51 percent of OVO's intellectual property, leaving Drake with 44 percent of the Toronto label he co-founded in 2008. Vince Holding Corp. takes 5 percent and becomes the brand's core apparel licensee.

    ·3 min read
  2. A Jacob Lawrence artwork listed with Black Crown Art Auctions
    Culture

    Black Crown Is the Only Active Black-Owned Fine Art Auction House in the US

    Walter and Cathy Shannon launched Black Crown Art Auctions, the only active Black-owned fine art auction house in the US, to put pricing and legacy for African American art in Black hands.

    ·2 min read
  3. George E. Johnson, founder of Johnson Products Company
    Culture

    George E. Johnson, Founder of Johnson Products and Afro Sheen, Dies at 99

    George E. Johnson, the Chicago entrepreneur who built Johnson Products into a Black hair-care empire behind Ultra Sheen and Afro Sheen and sponsored 'Soul Train,' has died at 99.

    ·2 min read
  4. A Lime shared electric scooter parked on a sidewalk, as the company completed its Nasdaq IPO.
    Technology

    Uber-Backed Lime Raises $174 Million in Nasdaq IPO

    Lime, the Uber-backed e-scooter and e-bike company, raised $174 million in its Nasdaq IPO at $25 a share and a valuation near $1.6 billion — with Uber buying $20 million of stock — despite a $64.6 million annual loss.

    ·1 min read
  5. A Nike store, as the company gave a cautious outlook after its fiscal fourth-quarter results.
    Sneakers

    Nike Guides to a 2%-4% Revenue Decline as Executives Warn on Demand

    Nike guided to a 2% to 4% revenue decline next quarter and warned that consumers are under pressure worldwide, with sportswear hit hardest, even as fiscal Q4 revenue of $10.97 billion beat estimates on a tariff refund.

    ·1 min read
  6. Clive Davis, Music Executive Who Signed Whitney Houston and Bruce Springsteen, Dies at 94
    Culture

    Clive Davis, Music Executive Who Signed Whitney Houston and Bruce Springsteen, Dies at 94

    Clive Davis, the music executive who signed Whitney Houston, Bruce Springsteen, and Alicia Keys and founded Arista Records, died June 22 at 94 in Manhattan.

    ·2 min read
  7. Uptown Records Relaunches Under Republic With G Herbo and Yung Miami
    Culture

    Uptown Records Relaunches Under Republic With G Herbo and Yung Miami

    Andre Harrell's Uptown Records relaunched under Republic Collective for its 40th anniversary, with a roster led by G Herbo, Yung Miami, and Trap Dickey, who signs via Top Dawg Entertainment.

    ·2 min read
  8. Obamas' Higher Ground Lands Disney Series Deal After Leaving Netflix
    Culture

    Obamas' Higher Ground Lands Disney Series Deal After Leaving Netflix

    The Obamas' Higher Ground signed with Disney Kids & Family for an animated series, Journey, the first marquee deal of its independent era after ending an eight-year Netflix first-look pact.

    ·2 min read
  9. Senator Bernie Sanders
    Technology

    Bernie Sanders Unveils $7 Trillion Bill for Public Ownership of AI Companies

    Bernie Sanders introduced a bill to create a roughly $7 trillion sovereign wealth fund for AI — financed by a one-time 50% tax on big AI firms' stock — paying every American a dividend of more than $1,000 a year.

    ·1 min read
  10. Pau Gasol during his NBA career
    Sports

    Pau Gasol's Gasol16 Ventures Proposes €55M Investment in Spain's Liga F

    Gasol16 Ventures, the firm led by Pau Gasol, has proposed about €55 million (~$60M) in Spain's Liga F — what would be the largest private investment in the league's history. Clubs vote June 29.

    ·2 min read
  11. Rolex Raises Prices Across Full Lineup by Up to 8 Percent
    Culture

    Rolex Raises Prices Across Full Lineup by Up to 8 Percent

    Rolex raised list prices on gold and two-tone watches for the second time in 2026, driven by gold's surge from $2,000 to nearly $5,600 per ounce in under three years. Steel references were left unchanged.

    ·2 min read
  12. Drake Moves to Buy Back Full Ownership of OVO
    Culture

    Drake Moves to Buy Back Full Ownership of OVO

    Drake's OVO apparel brand, which generates more than $50 million in annual revenue, is in advanced talks to sell a 50 percent stake to a major licensing company — following the same playbook that turned Rocawear and Sean John into cautionary tales.

    ·3 min read