CBX Daily 11/4/2024

Author

Ariel Solomon
November 04, 2024

Today, low-income zones may pay more for net speeds that fail fast, but let’s start with how how crypto voices are steering U.S. polls at last…

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Crypto Backers Are Leading The 'PAC' This Election Cycle

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The cryptocurrency sector is leading the pack on corporate spending during this 2024 election cycle. With over $119 million dollars spent to influence federal elections, primarily by Coinbase and Ripple, crypto backers are putting their money where their mouth is and our presidential candidates are taking notice. Donald Trump, who was previously skeptical of cryptocurrencies, has spoken at Crypto conferences this year and has pledged to make the U.S. the Crypto capital of the planet. Kamala Harris’ team has similarly reached out to crypto-backing organizations to discuss further alignment of interests. 

Is Internet Service 400x Slower In Low Income Areas For The Same Price?

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Imagine waking up 45 days straight with no cellphone signal, Wi-Fi, or telephone service. This is a form of digital redlining, an underinvestment by internet providers in low-income communities resulting in plans with lower speeds at the same price. Specifically, AT&T was one of four internet providers found in 38 cities across America offering slower speeds for the same price as faster speeds, according to the Associated Press.

Trick Or Treat With Halloween Spending Set To Hit $11.6 Billion

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As the spookiest time of the year rolls around, a record-breaking celebratory spirit is taking hold nationwide. Americans are set to invest a staggering $11.6 billion on Halloween festivities this year, a bit of a dip from last year's $12.2 billion, according to recent projections from the National Retail Federation (NRF). A whopping 73% of Americans plan to hand out candy, ensuring that the tradition of trick-or-treating remains alive and well.

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

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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.

Banks Take A Backseat As Clients Are Now Calling The Shots

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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

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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.

Vibes of the Week

America may be caught "Off Guard" with crypto backers shaping elections as told by Amaria BB in our CBX Vibes!