CBX Daily 10/23/2024

Author

Jennifer Matthews
October 23, 2024

Today, the economic gap is widening due to racial inequality, but let’s start with how IPO rebounds are supporting investor activity…

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IPO Market Rebounds Unlocking Opportunities For Diverse Investors

CBX Vibe

IPO Growth Unlocks PotentialAfter a major slump due to pandemic-driven economic uncertainty, the IPO market is regaining its footing with renewed investor confidence. As of the end of Q3 2024, we’ve seen 104 initial public offerings, a promising uptick from the near halt of the last few years. While this number doesn’t yet reach pre-pandemic figures—254 IPOs annually on average—it suggests that the shift in market conditions, notably lowered interest rates, has triggered a new wave of companies seeking public capital.

Racial Inequity Adding $51 Trillion Drag On The Economy

CBX Vibe:

Economists have taken on the task of quantifying the cost of racial inequity on the U.S. economy over the past 30 years, through a report published by the Brookings Institute along with Federal Reserve Bank of San Francisco President Mary Daly. Using white men as the basis of parity, they estimate the U.S. GDP could have gained $51 trillion ($23 trillion from labor alone) since 1990 if racial gaps were closed. In 2019, over the period of just one year, the potential gains from equity total $2.6 trillion. This is just another addition to a growing portfolio of literature that quantifies the tremendous cost of discrimination in this country.

"It's Not You, It's Me," Said Inflation To My Paycheck

CBX Vibe:

Contrary to what our grandparents might believe, fewer stops to the local coffee shop and the elimination of our avocado toast habit, won’t have the impact on our overall net worth that they might have expected. That’s because post-pandemic, Americans are still struggling to see their wages keep up with inflation. In fact, since January of 2021, prices have increased by roughly 20%, while wages have only grown by 17.4%, a non-trivial difference when we think about spending power.

Tune-in Tuesdays!

X's shift in how users can block people for more engagement raises important questions about privacy and user autonomy. While the intention may be to foster interaction and connection, it risks undermining users' control over their online experiences? What are your thoughts on this?

A. "Privacy" by Chris Brown - The loss of personal space and autonomy is becoming eroded and it is coming at a significant cost.
B. “More Chaos" by Ken Carson - There are feelings of instability and confusion and how control is slipping away as we try to connect in the digital age.
C. "Numb" by Linkin Park - Like many platforms, the changes are so overwhelming that we’re slowly getting used to losing control over our identity.

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

A  |  B  |  C

Login or Subscribe to participate in polls.

Last week’s results are in and it looks like its ‘Exponential Potential. ’ Protests are the way to grow and bring change.

Economic Workplace Disparities Weighing Down Black Women

CBX Vibe:

Who runs the world? Girls! While this is not exactly a secret, what’s happening behind-the-scenes shows that not all the girls are having fun. Black women are still not receiving their fair dues in compensation for running the world or the economy. Unfortunately, 71% of Black women say they live paycheck to paycheck, compared to 63% of the U.S. population. They also disproportionately fewer have health insurance coverage through an employer, retirement savings plans and paid sick leave. This is not a sustainable way of life for Black women in the workforce, especially since capitalism appears to profit from their pain.

PepsiCo Bets Big With Siete Chips In $1.2 Billion Acquisition

CBX Vibe:

PepsiCo is tapping into the purchase power of multicultural communities by snapping up Mexican-American Food Brand Siete Foods for a nifty $1.2 billion. Founded a decade ago, Siete’s specialty in producing nontraditional versions of traditional Mexican food with authentic-to-culture ingredients quickly took North America by storm. Having gained additional investment from South Texas-born actress Eva Longoria, the company is being added to PepsiCo’s portfolio to prop-up its “better-for-you” offerings. 

Vibes of the Week

IPO recoveries are giving investors an "Opportunist" chance. Lil Durk tells us more in our CBX Vibes!