CBX Daily 10/23/2025

Today, The New Wall Street: Why Minority Deposit Institutions Matter For Racial Equity…but first, Spotify’s revenue just hit a high note, jumping 17% as multicultural music drives global growth

Now Playing:

Cultural Intelligence Download

Spotify Revenue Jumps 17% as Multicultural Music Powers Growth

CBX Vibe

Spotify’s (SPOT -2.04%) most valuable currency isn’t just streams, it’s sound that resonates across cultures. Even though the world’s largest audio platform music fell short of Wall Street’s revenue expectations last quarter, it still boasts with 266 million premium subscribers and a clear trend: Black and Latino creators are shaping what and who the world listens to.

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

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.

Keep your week cruising on a higher note with “Still So Icy” Gucci Mane — the perfect balance of reflection and flex in this week’s CBX Vibes.