CBX Daily 1/24/2025

Author

Gary J. Nix
January 24, 2025

Today, American mortgagers could benefit from CFPB and Berkshire’s legal clash, but let’s start with how black celebrity influence could bring in the cash…

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Does The Epicenter Of Influence Lie With Black Celebrities?

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At the epicenter of influence, a recent study by Morning Consult revealed that Black consumers are more likely to heed brand advice from Black celebrities, than the public as a whole. While that may not be all too surprising, when analyzing this study’s data, we can learn more about all of the factors that make up true influence. Especially when you consider that 50% of Black consumers trust Black celebrities, athletes & influencers for brand advice.   

Mortgage Misdeeds Has CFPB & Berkshire In A Legal Battle  

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CFPB is coming to the rescue of many Americans who might be caught between a rock and a hard place in their mortgages. The lawsuit against Berkshire Hathaway (BRKB +1.41%) alleges predatory practices and potential exploitation of consumers through unethical lending practices. The company is a subsidiary of Warren Buffett's holding company and this is not its first rodeo either. His home manufacturer company–Clayton Homes was also under fire a few years back for similar predatory and exploitative practices.   

How LAMIK Is Refining The $580 Billion Beauty Industry  

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Inclusive-owned beauty brands are more than just businesses; they are catalysts for change across the industry. Companies like LAMIK Beauty, and its clean products, have consistently been at the forefront of tech integration through focusing on underserved markets, with founder Kim Roxie pushing the industry to expand its horizons. By addressing gaps in representation, celebrating cultural authenticity, empowering communities, and driving innovation, this beauty brand is reshaping the sector into a more inclusive and equitable space.   

Tune-in Tuesdays!

Trump’s memecoins sent shockwaves in the digital currency world with a $7 billion explosion in it’s first day. Millions of supporters have already jumped on the bandwagon calling it a revolutionary moment, but some are skeptical. Will this frenzy lead to lasting value, or is it just another gimmick in the ever-changing world of digital currencies?

A. "All I Do Is Win" by DJ Khaled – Trump has been on a winning streak lately so as the memecoin’s value skyrockets, its backers are celebrating, convinced they’ve found the next big financial revolution
B. "Enjoy It While It Lasts" by Easy Wanderlings – The memecoin, just like most digital currencies is on it’s high. However, it is a very volatile market so anyone on the bandwagon should know it’s a wild ride and enjoy the moment
C. "Eye of the Tiger" by Survivor – The memecoin’s surge signals a fierce new competitor in the crypto world, with the potential for long-term growth and competition against Bitcoin. This could be the start of something powerful and relentless

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like the people are ready to fight back for their freedom so ‘Let’s Get It Started’.

How HBCUs Are Financially Empowering Their Graduates  

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Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education means embracing an opportunity to amplify Black graduates careers and income prospects.  

Exploring Black Americans' Quest For Homeownership Equity  

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While Black individuals constitute an average of 14% of the population in the nation's largest 50 cities, their homeownership rate stands at 10.15% in these areas. This roughly translates to heavy rental burdens for more than half of the Black residents. Black Americans homeownership has been on a declining trajectory compared to their White counterparts. This gap is so wide it could take centuries to close; in fact, 320 years is presumed.  

Vibes of the Week

Black celebrities may be more influential, thus more likely to “Dare U” to buy, as told by NLE Choppa and Imagine Dragons in our CBX Vibes!