Black-owned pie shop celebrates 40 years in business
(NewsNation) — New York City's beloved 'Little Pie Company' run by Arnold Wilkerson has been satisfying the sweet tooth of many in the Big Apple for four decades.
Wilkerson started his company during the 1980s after former President Ronald Reagan said at the time that it was 'the year of the entrepreneur.'
Taking it to heart, Wilkerson began making pies and hasn't stopped since.
Ahead of next month's Academy Awards, the 'Little Pie Company' has made Oscar sandwich cookies, as well as Oscar red velvet whoopies.
Arkansas Gov. signs free school breakfast bill into law
Many of the pies use recipes from Wilkerson's mother and grandmother. Staples include apple pie, pecan pie, mud Mississippi pie and the signature sour cream apple and walnut pie.
It has an all-butter crust with thin slices of granny smith apples, brown sugar, walnuts and cinnamon.
'We've enjoyed very much the support that we get from the Black community, and that we get from the community in general,' Wilkerson told 'NewsNation Live' on Saturday.
'I live in a theater neighborhood over on 43rd Street, and so it's a very mixed neighborhood, and we have many customers from every race.'
Average price for dozen eggs cracks $8
The prices of eggs are affecting 'Little Pie Company,' but Wilkerson is not willing to increase his prices and let it hurt the pockets of his customers.
'We can't do that right now because everyone's suffering, so we have to just take that loss as much as we can,' he said.
'If you begin with excellence, stick with excellence, and that's the thing to do,' Wilkerson advised hopeful entrepreneurs. 'Don't make any compromises on your product. Earn your reputation, keep your reputation.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Video shows huge raid by ICE agents in Omaha
Dozens of people working at a meat packaging facility in Nebraska were removed Tuesday after Immigration and Customs Enforcement (ICE) raided the factory. Workers at Glenn Valley Foods in Omaha were pulled off the floor as federal officials said they needed to screen 97 people. Ultimately, 70 were removed and taken into custody. The video above shows footage of the removals. 'Many of them scattered when officials arrive with a warrant—Some were in the rafters, one man was hiding in the wall and pulled a box cutter on an agent. He will be charged with assault on a federal officer,' NewsNation's Ali Bradley wrote in a Tuesday post on social platform X accompanied by the video. Company executives said they were stunned by the ICE raid, especially after vetting their candidates through the E-Verify system managed by the Department of Homeland Security. However, ICE officials later told the company owners the federally run E-Verify system was broken and that some people may have used false IDs to pass workforce screening requirements. 'I mean, what am I supposed to do with that? This is your system, run by the government. And you're raiding me because your system is broken?' Chad Hartmann, president of Glenn Valley Foods, told The Associated Press. Hartmann and Gary Rohwer, CEO and owner of the company, said officials didn't provide them with any notice before the raid. 'I was dumbfounded, these are good, good people, they really truly are, and they're part of our family,' Rohwer told NewsNation. He now remains worried about how he will quickly rehire a staff to suit the company demands. ICE officials have said they would help guide him on best hiring practices. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Miami Herald
3 hours ago
- Miami Herald
NBA announces over 70 HBCU interns for the summer
The NBA Foundation has officially welcomed the fourth cohort of its NBA HBCU Fellowship Program, a 10-week summer internship designed to provide undergraduate and graduate students from Historically Black Colleges and Universities (HBCUs) with hands-on experience in the business of basketball. Launched in 2022, the program has grown rapidly. According to 265 students from 42 HBCUs have participated, with 21% securing full-time roles or early career positions within the NBA ecosystem. This summer, 73 Fellows will work across the NBA, WNBA, and league offices, representing 23 HBCUs, including four new additions: Fayetteville State, Talladega College, South Carolina State, and Johnson C. Smith University. Orientation kicked off at league headquarters with workshops, panels, and insights from league executives. NBA Head of Talent Adam Mitchinson, quoted by called the experience "a springboard for your career and your life in general," encouraging Fellows to "embrace ambition." The NBA Foundation partners with Fearless Dialogues and Management Leadership for Tomorrow (MLT) to execute the program. New this year, MLT led recruitment and will offer career coaching throughout the summer. MLT's founder, John Rice-himself a former league executive-shared via "This isn't just a summer job. It's a launchpad for long-term success." Fellow Michael Clark, a Howard and Columbia graduate, will intern with the Apparel and Merchandising Partnerships team. Clark said he hopes to contribute to the game off the court, inspired by NBA legends like Magic Johnson and Allen Iverson. "I may not have the same global impact as LeBron James or Stephen Curry, but I want to do my part," Clark said. Clark, who applied multiple times before his acceptance, credits his success to shifting his focus from personal gain to community impact. "It's obvious what the NBA can do for you, but when you have a concept about how you can be an asset to a community, I think that makes people buy in," he told Networking is another pillar of the fellowship. During the Business of Basketball Luncheon, Partnerships Lead Genisha Metcalf emphasized: "Every moment is an opportunity that builds upon the next phase of your career path.' Former Fellow Ameer Robertson echoed that sentiment. "It changed my life, and I know it can change theirs," she said, reflecting on her experience and her excitement to see the program expand. With the 2025 class off to a strong start, the NBA Foundation continues its mission to elevate Black talent, build professional pathways, and fuel future leadership. The post NBA announces over 70 HBCU interns for the summer appeared first on HBCU Gameday. Copyright HBCU Gameday 2012-2025
Yahoo
4 hours ago
- Yahoo
Fund manager who sold Tesla, just in time, says investors are overlooking these tech bargains
Two weeks ago, Wall Street veteran Gary Black sold his remaining Tesla shares, helping clients sidestep a selloff driven by a public fallout between Chief Executive Elon Musk and President Donald Trump. Black's unease with Tesla TSLA goes back a ways. When the managing partner of The Future Fund launched the One Global ETF FFND in August 2021, he snapped up Tesla, which quickly became the biggest position. By the second quarter of 2022, he began to trim as Musk started cutting electric-vehicle prices. Why Goldman Sachs says high-flying tech stocks may be headed for a tough stretch 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell? U.S. debt-limit deadlock is making this favorite asset more scarce My friend, 83, wants to add me to his bank account to pay his bills. What could go wrong? One of our children has legal knowledge and lives far away, the other lacks financial savvy but lives nearby. Who should we appoint as executor? 'We didn't think that was a smart move. It turned out not to be a smart move, because they didn't get any incremental volume,' Black told MarketWatch in an interview on Monday. His Tesla haircuts continued, peppered by such worries as 'hype around unsupervised autonomy,' and when he finally exited it completely at $358 per share, valuation had gotten 'excessive.' Tesla shares need to be priced 'a lot less than they are today' for Black to repurchase. 'I don't want to call this stock uninvestable because at some price we would buy it back again, but with that level of volatility it almost makes the stock uninvestable at times,' he said, adding that Musk needs to 'keep his mouth closed and focus on the business.' Black, whose nearly 30-year career includes stints as CEO of Aegon Asset Management and Janus Capital, and his firm look after about $72 million in One Global, and the Long/Short ETF FFLS, roughly $49 million. One Global has returned 6.5% this year and 15% over three years, annualized, according to Morningstar, versus its MSCI All Country World Index benchmark returns of 7.3% and 14.3%, respectively. Black is now focused on what he sees as big tech bargains, such as Nvidia NVDA. The company's stock-picking process begins with 'ten long-term circular mega trends,' such as e-commerce, 24/7 information technology and, of course, artificial intelligence. 'We like the AI road map in front of [Nvidia] and they still can't make enough of their high-end AI chips. They continue to have extremely high demand for it, and they're still capacity constrained,' he said. Tesla, even with its recent decline, is still trading at 150 times forward earnings, while Nvidia sits at around 32 times, but is growing earnings, Black said. 'If you look at price-to-earnings relative to growth, which is how we think about the world, in a simplistic way, it's still reasonably cheap.' Meta META is also a big position. 'We like the growth we're seeing in Instagram and Facebook and WhatsApp. Again, the stock has done well, but it's still a very cheap stock,' trading at about 27 times earnings, he said. Then there's AMZN, and its vastly expanded offerings. 'You can buy prescription drugs over it now. You can buy tires, you can buy cars. It's become the go-to place if you want to buy anything,' and at around 35 times forward earnings, is now far less expensive, he said. He also flags DoorDash DASH. 'People don't have the time to make their own food anymore, so they order from the restaurants they love and [DoorDash] has gotten more and more restaurants on the platform, and as a result of that, the stock has done extremely well,' he said. Like Nvidia, DoorDash is reasonably priced, trading at 54 times forward earning, he said. His short bets in the Long/Short ETF, are about either poorly positioned companies or companies facing disruption. Those include Booking Holdings BKNG, which is in a 'very competitive business,' he said. 'We don't really see the proprietary technology to allow that to continue to gain share, so we decided that was a good short.' Fintech group Sofi Technologies SOFI is another. 'They've expanded their loans. and we just worry that they've grown too fast. and that's why it's a decent short we believe.' As the S&P 500 SPX continues to push past 6,000, Black says he's still bullish on the market overall, with expectations the Fed will likely to start cutting interest rates, though not as fast as Trump would like. 'I think what has happened because of the tariffs, the odds are you are going to have a first rate cut by September now,' he said. What else worries Black? He points to concerning 'pockets' of the market currently, such as the blockbuster Circle CRCL IPO, of which they didn't take part. 'We have stocks that are trading at very high multiples that aren't related to their earnings growth. We're always wary, especially in the growth space, that you've got speculative excess, and I think there are areas where people are just getting overly exuberant about prospects. And that's always negative,' said Black. Read: 'Big Money' turns bullish on stocks. Will that lead the S&P 500 to a 'melt up'? U.S. stocks SPX DJIA COMP are inching higher, while Treasury yields BX:TMUBMUSD10Y BX:TMUBMUSD02Y drop. Key asset performance Last 5d 1m YTD 1y S&P 500 6005.88 1.18% 2.77% 2.11% 12.03% Nasdaq Composite 19,591.24 1.81% 4.72% 1.45% 13.95% 10-year Treasury 4.456 -1.40 -1.70 -12.00 5.10 Gold 3349.9 -0.80% 2.93% 26.92% 43.53% Oil 65.56 3.50% 3.03% -8.78% -16.14% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. Trade talks between the U.S. and China continue in London on Tuesday. Tesla shares TSLA are tracking Monday's gains after more signs of a cooling feud between Musk and President Trump. J.M. Smucker stock SJM is down 7% after mixed results and a weak profit forecast from the food maker. Uber UBER said it's going to pilot self-driving cars in London. Tencent Music TME is reportedly buying China audio platform Ximalaya for $1.26 billion. The shares are rising. GameStop GME reports results after the close, and this analyst isn't that upbeat. A small-business optimism index was slightly more upbeat for May, with those expecting better business conditions at a historical high. Gold and the S&P 500 are chasing record highs at the same time. Here's why that's so rare. The White House marching orders that sparked the L.A. migrant crackdown. Mark Zuckerberg is handpicking a new 'superintelligence' AI team. Here's more evidence institutional investors are buying stocks again. This State Street risk-appetite index, based on the firm's $44 trillion of assets under custody and administration, shows 'long-term investor allocations to equities rose anew in May to levels last seen on the cusp of the Liberation Day announcement in early April,' said Dwyfor Evans, strategist at State Street Global Markets. While flows to stocks rose, investors continued to shun the dollar and U.S. Treasurys, Evans said. These were the most searched tickers on MarketWatch as of 6 a.m. Ticker Security name TSLA Tesla NVDA Nvidia GME GameStop PLTR Palantir Technologies PLUG Plug Power AAPL Apple TSM Taiwan Semiconductor Manufacturing AMD Advanced Micro Devices KLTO Klotho Neurosciences AMZN Amazon No joke. Comedian on why planes crash. Who you gonna call? Frustrated couple 'steal back' their own Jaguar. 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? I bought my mother-in-law a condo — and she took out a $30,000 car loan. Now she refuses to get a roommate. How do I make sure my son-in-law doesn't get his hands on my daughter's inheritance? My life partner is 18 years my senior. He wants to leave his $4.5 million fortune to me — not his two kids. Do we tell them? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
