CBX Daily 12/08/2025

Author

Claire Moraa
December 08, 2025

Today, Exploring The Rising Tide Of Billion-Dollar Weather Events… but before we dive into the storms, Banks Take a Backseat as Clients Rewrite the Rules of Finance.

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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 on 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.

Exploring The Rising Tide Of Billion-Dollar Weather Events

Climate change is causing insurance premiums to soar, leaving many homeowners struggling to keep up. The rising frequency and severity of extreme weather events is causing many insurers to withdraw from high-risk markets altogether. In fact, some areas are becoming effectively ‘uninsurable’. In 2024 alone, the U.S. experienced 24 of these billion-dollar disasters, including hurricanes Beryl, Helene, and Milton. These events are unfortunately part of a troubling trend; 2023 saw a record 28 billion-dollar disasters, with total costs reaching $165 billion.

The Impact Of Generative AI On The Racial Wealth Gap

Generative AI (Gen AI) has revolutionised industries such as media, healthcare, and finance. However, its rapid adoption poses significant risks for marginalised communities, particularly in worsening the racial wealth gap. Does this hold true? By 2045, the racial wealth gap between Black and White households is projected to widen by $45 billion annually due to Gen AI’s role in automating jobs and influencing wealth distribution.

The Future of Handbags? LVCY PEARL’s Patented Modular System Lets You Build a New Bag Every Day

A British-Nigerian designer has launched a groundbreaking Kickstarter campaign to showcase his ingenious patented handbag invention. Shina Xifregas, the visionary behind LVCY PEARL, has created a pioneering modular handbag innovation.

Anti-Ageing Goes Mainstream For Men

Looking youthful is no longer a preserve for women. Men have jumped on the train and they too want to preserve their youth as long as they can. There is a growing demand for anti-ageing solutions across all demographics, including men. It’s just the other day that they started taking their skincare seriously but now, guns are blazing and they are all in. In fact, men are now having 70% more aesthetic treatments than they were four years ago. And between Gen Zs and Millennials, they even outdo their female counterparts.

Start your week on high energy, toward the light, and maybe a little sharper around the edge, with “Let’s Do It” by Lil Baby, Playboi, Carti, and Skooly setting the pace.

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Hit play, lock in, and let this week’s CBX Vibe carry you exactly where you want to go.