CBX Daily 10/22/2025

Author

Majella Mark
October 22, 2025

Today, Barbers to Blockchain: The Barbershop’s Role In The Digital Wealth Movement… but let’s start with how The New Wall Street is redefining where trust and equity live.

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Cultural Intelligence Download

The New Wall Street: Why Minority Deposit Institutions Matter For Racial Equity

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Black people looking to invest should have confidence and trust in our communities’ financial institutions to do right by us with business loans, investment opportunities and a willingness to evolve. Specifically, Minority Deposit Institutions (MDI) are federally insured depository institutions or banks with at least 51% of the voting stocks owned by the minority group they serve, including representation on the board of directors. These financial organisations that are providing business loans to Black entrepreneurs have connected the dots and know exactly how to play the game to start closing the racial investing gap.

Barbers to Blockchain: The Barbershop’s Role In The Digital Wealth Movement

In communities of color nationwide, barbershops have always been cultural cornerstones, the spot to connect, catch up, and build trust. Now, they’re doubling as fintech frontiers, teaching crypto, offering mobile payment services, and even minting NFTs. These legacy businesses are converting cultural capital into digital wealth, proving that heritage and innovation can thrive together.

Canal+ Extends African Reach and Bails Out a Sinking MultiChoice

South Africa’s largest pay-tv provider, MultiChoice, is now officially part of the French media giant Canal+. The acquisition signals a major consolidation in Africa’s media landscape, where digital entertainment is becoming one of the fastest-growing industries. While Canal+ gains a bigger foothold in Africa, MultiChoice has been losing ground, especially in markets like South Africa, where 1.2 million of its subscribers have left. Ultimately, this move could reshape the way millions across the continent consume content.

Can AI Be a Fair Teacher? New Study Raises Big Questions

Asked to generate intervention plans for struggling students, AI teacher assistants recommended more punitive measures for hypothetical students with Black-coded names and more supportive approaches for students the platforms perceived as white, a new study shows. These findings come from a report on the risks of bias in artificial intelligence tools published Wednesday by the non-profit Common Sense Media. Researchers specifically sought to evaluate the quality of AI teacher assistants such as MagicSchool, Khanmingo, Curipod, and Google Gemini for Education that are designed to support classroom planning, lesson differentiation, and administrative tasks, Chalkbeat reports.

J&J’s $966 Million Baby Powder Cancer Settlement Highlights Racial Targeting

A Los Angeles jury has ordered Johnson & Johnson (JNJ +0.42%) to pay $966 million to the family of Mae Moore, who died in 2021 from mesothelioma, a rare cancer linked to asbestos-contaminated talc exposure. This unprecedented agreement marks a significant moment in the intersections of public health and corporate accountability. For Black women, who were selected by J&J as “the right place” to sell more talc baby powder to, specifically targeting  “under-developed geographical areas,” this is perhaps an opportunity for financial reciprocity along the path to racial health equity.

Keep your week cruising on a higher note with “Settled(ft Russ)” Rex Life — the perfect balance of reflection and flex in this week’s CBX Vibes.