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They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."
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The racial wealth gap in America is well-documented, but there are steps we can take now to help close the gap — including encouraging Black Americans to invest more. In the US, Black Americans tend to invest at lower rates than white Americans, reducing Black Americans' opportunity to build wealth. There has been some progress related to investing in recent years, and the racial investing gap seems to be shrinking. That means the existing racial wealth gap can then feed into the investing gap. Research has found that Black Americans also tend to take fewer financial chances when compared to white Americans.
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