CBX Daily 12/09/2025

Author

Kori Hale
December 09, 2025

Today, Banks Step Out of the Driver’s Seat as Customers Take Control…
But first, let’s unpack the economics behind Eve cashing in her music catalog, and why investors can’t get enough.

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The Economics Behind Eve Selling Her Music Catalog And Why Investors Are Paying Big

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It was once believed that rap and hip-hop would be a passing fad, yet those genres along with R&B have dominated the last decade of music, with people betting big on the future worth of nostalgia listening. Now hip-hop icon Eve is parting ways with her music catalog for an eight-figure deal, in the ballpark between $25 million and $50 million, according to Music Business Worldwide. As the value of music catalogs soars, artists like Eve are weighing the pros and cons of parting with their intellectual property, a decision that can have lasting impacts on their careers and legacies.

Banks Take A Backseat As Clients Are Now Calling The Shots

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.

Keep your week on high energy, toward the light, and maybe a little sharper around the edge, with “Who is that girl” Ayrr Star Ft Rema setting the pace.

It’s crisp, it’s clean, and it gives your mood that subtle nudge forward you didn’t even know you needed.

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