CBX Daily 12/19/2024

Author

Keyanna Harper
December 19, 2024

Today, AI startup investments are in question, but let’s start with generational wealth and the path to attain it…

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Black Families Ongoing Quest For Generational Wealth

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The creation of wealth within Black families is a struggle confronted with racial disparities in homeownership, business ownership, and wage gaps. Black workers' median annual wage is about 30% lower than that of white workers, according to a report from McKinsey, further widening the wealth gap. This issue, sitting at the intersection of business and culture, warrants urgent attention and action. 

Money Is Pouring Into AI Startups, But The Profit Isn’t Coming Out For VCs          

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It’s rare to read headlines about startups raising millions in Venture Capital (VC) funding, without Artificial Intelligence (AI) being at the forefront of their product offering. That’s because the market for AI has been experiencing rapid growth, going from a valuation of $136.6 Billion in 2022, to an expected $1.8 Trillion by 2030. However, while funds are pouring into AI startups, not a ton is coming back out at the other end. In fact, last year, venture funds invested $60 billion dollars more than they collected - a record profit gap.  

Conquer Winter in Style: Best Men’s Sneakers from Nike Air Max.

Winter is here, and it’s time to elevate your look while staying warm and comfortable. The Nike Air Max collection is perfect for the modern man ready to tackle the season. From the edgy Air Max Plus to the versatile AM1, these sneakers combine style with features designed to keep your feet happy all winter long.

Whether you're tackling holiday shopping or celebrating with friends, these kicks are your perfect companion. Find your ideal pair and effortlessly elevate your winter wardrobe this season.

Treat yourself or a loved one to a stylish pair from the collection this holiday season.

Court Blocks Nasdaq Diversity Rules Challenging Corporate DEI Efforts              

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Wall Street's second-largest exchange now faces a dramatic shift in its push for diverse board leadership representation. Nasdaq's groundbreaking board diversity rules hit a major roadblock as the U.S. appeals court ruled that it could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.    

Latinos Join The Chat As Concord Snags Daddy Yankee’s Catalog               

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Puerto Rican rapper Daddy Yankee is cashing in on his hits by selling his publishing rights and recorded music catalog for a cool $217.3 million. The reggaetón star's rights to global chart-toppers “Gasolina”, “Rompe” and Luis Fonsi joint “Despacito” will be part of the largest and most significant deals in Latin music, a genre which continues to soar to new heights and set U.S. revenue records. The agreement will cover all of Daddy Yankee’s tracks produced between 2002 - 2019, plus his name, image and likeness (NIL) rights.      

Liquidation Season Continues As SPAC Investors Returns Are Down 67%                  

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SPAC (special purpose acquisition company) sector has been a major source of corporate finance in the U.S. Currently, 85% of some 300 SPACs that completed reverse mergers though 2022 are trading below their IPO price. The rising tide of a raging bull market since mid-2023 hasn’t lifted the SPAC boats. Companies that went public this way have lost more than $100 billion in market value.       

Tune-in Tuesdays!

There’s a rising trend of internet and social media shutdowns in Africa. Is this about curbing unrest or a desperate move by governments to suppress dissent and control freedom of expression?

A. "Game" by Vanessa Mdee – Governments are playing a dangerous game citing that shutdowns are in the interest of national security to prevent potential chaos fueled by online mobilization and misinformation
B. "Stamina" by Tiwa Savage, Ayra Starr & Young Jonn – While these shutdowns might be temporary, the African public's resilience and creativity are endless. Governments can't suppress the need for communication and freedom forever
C. "Insecure" by Sauti Sol – These shutdowns are a clear indication that African leaders are afraid of the power social media gives the people. It’s a last-ditch effort to maintain power in an era of digital activism

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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