CBX Daily 1/2/2024

Author

Majella Mark
January 02, 2024

Today the holiday biz remains big business, but let’s start with your new year’s business resolutions!!!

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Should Your New Year's Resolution Be To Own A Gym, Not Just Go To One?

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The most popular resolution is getting fit, but maybe it should be growing your wealth. When it comes to the January workout warriors they are typically short lived, with 14% of them quitting by February, and 80% quitting within the first five months. However, millennials will spend over $100,000 in fitness related purchases including gym membership in their lifetime. Since $1.8 billion are spent on unused gym memberships annually, you can have a gym with little foot traffic and still make money.

Tis The Szn: Santa's Holiday Biz Levels Up At Malls

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For decades, Black families have searched for a Santa that reflects them in malls and department store chains, that are increasingly marketing holiday memories to get customers into stores. Despite the fact that St. Nick is a fictional character, Black Santa’s across the country can command nearly $400 or more per hour for their services. As the Christmas holiday rolls around again Black Santa’s remain booked, busy and sometimes hard to find. They could be the key to helping brick and mortar stores bring in more money during the season, thanks to the $1.7 trillion in spending power that African Americans possess.

Savage X Fenty Redefining Fashion While Facing Ethical Scrutiny

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Rihanna’s Savage X Fenty lingerie brand has been at the forefront of conversations for its rapid growth, innovative marketing, and bold stance on inclusivity. However, as the company positions itself for a possible initial public offering (IPO) potentially valuing it at $3 billion, it faces increasing scrutiny over its ethical practices that’s been rated lower than Shein.

Can ChatGPT And Google’s Bard Worsen Health Disparities For Black Patients?

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We can agree that all of humanity stands to gain if AI provides accurate and unbiased healthcare solutions, ultimately unlocking new ways to detect and fight disease. However, a recent Stanford study revealed ChatGPT and Google’s Bard answer medical questions with racist, debunked theories that harm Black patients. These tools have proven effective in business by reducing operational costs and increasing efficiencies, but also have the potential to worsen health disparities for African Americans.

Black Innovation’s Frontline: Wearable Tech Ventures Aims To Support 100 Underrepresented-led Wearable Startups By 2030

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Wearable technologies are revolutionizing the way we interact with the digital world. From smartwatches to fitness trackers, these devices offer convenience, accessibility, and a unique way to enhance our daily lives. This is where Wearable Tech Ventures, founded by Lakisha Greenwade, is a global ecosystem aiming to support 100 underrepresented-led wearable startups by 2030 plays a pivotal role. These tech advancements are not merely luxuries, the innovations they bring have a lasting societal impact on marginalized communities.

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Starting the year in “Surround Sound” thanks to our CBX Vibes alongside JID and 21 Savage, join us!