CBX Daily 10/30/2024

Author

Claire Moraa
October 30, 2024

Today, chocolate prices remain high despite increased cocoa production, but let’s start with how banks are now yielding to client direction…

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Cultural Intelligence Download

Banks Take A Backseat As Clients Are Now Calling The Shots

CBX Vibe

Long data transfer processes when switching from one bank to another will no longer be the order of the day. Now, you can close one account in one bank and open another one in the same day with all your banking history transferred. With open banking now available in the U.S. you have the power to hire and fire your bank if they're not meeting your expectations. And with 58% of people in the U.S. showing dissatisfaction with their financial institutions, this could be a wake up call.

Why More Cocoa Production Won’t Sweeten Chocolate Prices This Halloween

CBX Vibe:

The world’s appetite for chocolate remains insatiable, yet as West Africa increases cocoa production, consumers are unlikely to see a break in chocolate prices. Despite projections of West African cocoa farmers boosting production, prices per metric ton are expected to rise to $10,000 , driven by several complex factors that combine both business dynamics and cultural shifts.

2025 MET Gala's Economic Impact From Black Dandyism

CBX Vibe:

The 2025 MET Gala's theme, "Superfine: Tailoring Black Style," inspired by Monica L. Miller’s groundbreaking book, Slaves to Fashion: Black Dandyism and the Styling of Black Diasporic Identity, marks a pivotal moment for Black fashion, especially Black menswear. Dandyism is "a literary and artistic style of the latter part of the 19th century marked by artificiality and excessive refinement." This celebration of Black dandyism showcases the artistry and tenacity Black men displayed through style during the 18th and 19th centuries.

Tune-in Tuesdays!

Migrants have been fueling the U.S. job surge and contributed to the growing GDP. However, the elections could potentially affect their standing in the economy positively or negatively. What are your thoughts on this?

A. "We Take Care of Our Own" by Bruce Springsteen - Migrants contribute to the fabric of society and the economy, fueling job growth and innovation so whoever is president can’t afford to fumble them.
B. "Survivor" by Destiny's Child - Migrants are resilient in the face of adversity and will continue to thrive regardless of the circumstances.
C. "Getaway Car” by Taylor Swift - It’s every man for himself and whoever claims the seat has the power to empower or imperil the migrants.

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 we’re all feeling that our ‘Privacy’ is at stake and slowly slipping from our hands.

Is HBCU Tuition Insurance Worth It For Students?

CBX Vibe:

College tends to be one of the biggest financial commitments people make and now companies are offering ways to lessen the burden through tuition insurance. On average, tuition insurance costs roughly 1% of your total tuition costs, according to the National Association of Insurance Commissioners. Given the graduation rates at historically Black colleges and universities (HBCU), is this a smart move to protect your money?

Why Gen Zs Are In The Quick Hire-Fire Cycle

CBX Vibe:

Would you quit your job if there was no option for working remotely? Probably not in this economy. Well, a Gen Z wouldn't think twice about it. In fact, 30% would forego this opportunity. Factors like dress codes, work life balance and unsatisfactory remunerations are just some of the top reasons they would quit or get them fired. A closer look reveals that this has become the norm. Gen Zs are a quick hire and fire. So why can't they be absorbed in the job market and leave once they reach the retirement age?

Vibes of the Week

Banks may go "Brokey" as power shifts to clients. Latto explains in our CBX Vibes!