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Finance & Markets

BlackSun Raises $1 Billion for New Sports and Media Fund

Antonn Muhammed, CEO of private equity firm Blacksun, said that his firm believes in 'compassionate capitalism' in their work and aim to provide services for everyone as well as investors. Muhammed was joined by former boxing world champion Roy Jones Jr., who leads BlackSun's boxing group 'Knockout Fights.' Jones said that their new venture includes important physical and financial protections…

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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See the U.S. cities where worker pay is rising fastest

Although worker wages have risen modestly this year, pay is increasing much faster in some metro areas than in others, labor data shows.

  • Workers in U.S. cities experienced 4.7% wage increase from August 2022 to August 2023.
  • Certain metro areas saw wage growth surpassing inflation rates.
  • Manufacturing and financial services firms contribute to higher wage growth in cities.

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