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."
Ben Geman, Energy Reporter at Axios, joins to discuss the latest Middle East tensions, Brent crude price swings, and why gas prices aren’t falling with oil.
Al Root, Associate Editor at Barron's, joins to discuss Tesla’s robotaxis going live in Texas—what it means for autonomy, safety, and the EV race ahead.
Dena Jalbert, M&A expert and CEO of Align Business Advisory Services, on the state of U.S. M&A: deals worth $1–$10 billion (including debt) are surging.
Jeremy Jansen, Head of Supply Chain at Wells Fargo, unpacks the ongoing trade talks between the United States and China as consumers still wonder about tariffs.
A group of Democratic Texas lawmakers is asking Elon Musk to delay his rollout of driverless ‘robotaxis’ in the state this weekend to assure the vehicles are safe enough.
The billionaire slated to takeover the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.
IBM Fellow Jerry Chow talks IBM’s expansion of the Quantum Data Center in Poughkeepsie, installing Heron processors that deliver utility‑scale performance.