Welcome to Black Wealth Watch, where we round up the biggest stories in Black business and economic news each week. The wins, the setbacks, the deals getting done, and the conversations we should be ...

Receiver reports Uncle Nearest insolvent, losing about $100K monthly under receivership. Farm Credit may stop funding and could move to foreclose; company faces ~$164M debt. Sale prospects weak: ...

Fawn Weaver, Uncle Nearest’s CEO. Photo credit: Paras Griffin/Getty Images. The co-founders of Uncle Nearest and its largest shareholder have reportedly filed a motion calling on a local court to hold ...

*The founders of Uncle Nearest Premium Whiskey have filed a major civil lawsuit against the company’s former chief financial officer, accusing him of fraud and serious misconduct over several years.

The battle for Uncle Nearest Premium Whiskey is escalating, as a new investor group moves to buy out the company’s $108 million loan from Farm Credit Mid-America. The group, NextGen2780, hopes to ...

Receiver filed a quarterly report and asked the court to keep it under seal. Founders seek exclusion of entities, sue ex-CFO and push to reclaim control. Company in receivership after $108M default; ...

Learn how to implement the K-Nearest Neighbors (KNN) algorithm from scratch in Python! This tutorial covers the theory, coding process, and practical examples to help you understand how KNN works ...

The Weavers claim because of the narrative, they were forced to cancel speaking engagements, which cost them more than $1 million. Fawn and Keith Weaver, co-founders of the popular Uncle Nearest ...

More fast-food, convenience, and travel stop chains are rounding cash totals to the nearest nickel when pennies aren’t available Big retailers and grocers are doing it too, often rounding in the ...

On paper, that looks fair — some totals go up, some go down, and everything would balance out over time. But real-world prices don’t land evenly across those digits. In 2023, the Federal Reserve asked ...

For a long time, the official history of Tennessee whiskey fit neatly on a display plaque: Jack Daniel learned to distill, built a brand and left behind a legend. Then the name “Nathan ‘Nearest’ Green ...