CBX Daily 11/26/2025

Today: When Crypto Crosses the Line, Trump, Binance & the Naira Steal the Spotlight… But First, Black Friday’s BNPL Spending Frenzy Sets the Pace

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Black Friday Spending Spree Fueled By BNPL Purchases

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With the holiday shopping season in full swing, consumers are using Buy Now, Pay Later (BNPL) loans for everything from groceries and dining out to travel, technology items and home decor. CNBC’s Small Business Survey reported higher BNPL popularity among Black and Hispanic Americans with 12% and 13% respectively saying they use these platforms for holiday purchases, compared to only 5% of white Americans. Fast growing BNPL companies like Klarna and Affirm (AFRM +2.47%) are expected to capitalize on this and set new records this season, driving $18.5 billion in online spend, up 11.4% from this time last year

In 2025’s Global MarketTrump, Binance, and the Naira: Who Gets Forgiven When Crypto Breaks the Rules?

President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao after he was convicted of breaking U.S. anti–money laundering laws. Officials will talk about innovation and giving him a “second chance,” but the real reason is simpler. Pardoning the leader of the world’s largest exchange helps the U.S. keep control over global crypto flows and supports a system that is now politically useful. In Nigeria, where millions turned to crypto as an informal lifeline when the naira collapsed, the pardon lands like salt in an open wound. It’s a signal that the system works differently for those backed by capital, connections and leverage.

Luxury Labels Wake Up To Black Buying Power In 2025’s Global Market

Luxury is no longer the preserve of the few. Diverse consumers are reshaping the sector and luxury brands must pay attention or risk being left behind. According to a Bain report, non-white ethnic groups accounted for approximately 20% of U.S. luxury spend in 2019, projected to grow to 25–30% by 2025.

Hiring Hell For Small Businesses & How They’re Rethinking Recruiting

Many small business owners are ready to expand their teams. But a NEXT research study found that most expect hiring new employees to be a challenge. And many are successfully attracting new talent with new strategies that work. In April 2025, we asked 1,500 small business owners looking to hire in the next six months for their thoughts about finding and bringing on more workers. The data reveals a difficult hiring landscape, including tough competition and a shortage of skilled applicants.

How Hip-Hop’s Formula Became The New VC Pitch Deck

For decades, hip-hop artists have turned pain into poetry, struggle into style, and now, lyrics into liquidity. A new generation of rap moguls and artists is flipping the wealth script by investing in technology, transforming their cultural capital into venture capital. This isn’t just a business trend for music icons like Jay-Z, Snoop Dogg and Nas, among others; it’s a power shift, where ownership and innovation are becoming the bars that really matter.

Continue your week humming on a brighter note, and maybe with a clearer headspace, with “A+ ” by Key Glock setting the tone.
It’s soft, it’s warm, and it settles right into the part of your energy that needs a gentle lift.

Tap in, turn it up, and let this week’s CBX Vibe do what it does.