CBX Daily 1/25/2024

Author

Claire Moraa
January 25, 2024

Today Snoop Dogg stays in the limelight by turning sips into cash, but let’s start with how Latinos are stepping into a new financial spotlight…

Now Playing:

Cultural Intelligence Download

Dinero Season: Financial Services Targeting Latinos Could Reach $90 Billion

CBX Vibe

Latinos are set to propel the financial-services market with a projected $90 billion revenue by 2030. Their significant contribution to the overall entrepreneurial landscape in the United States cannot be ignored. In the last 14 years, Latino-owned businesses have seen a growth rate of 55% in terms of their workforce, while white-owned businesses an 8% growth rate.

Puff Puff Pass As Snoop Reaches A New Business High

CBX Vibe:

Snoop Dogg, known for his affinity for smoking cannabis, has recently shifted his focus from smoking to sipping. He has invested heavily into this specific industry beginning with Leafs by Snoop in 2015. The iconic rapper and cannabis enthusiast, takes a new step in his journey by partnering with Hill Beverage Co. to introduce hemp-infused beverages to the market dubbed Do It Fluid.

Black Innovation’s Frontline: Health Tech For Medicaid Is Innovating For A New Era In Medical Coverage

CBX Vibe:

Medicaid, a significant lifeline for millions of low-income Americans, is undergoing a digital revolution. This transformation is not just enhancing the health care accessibility but also fostering health equity. However, the challenge lies in bridging the gap between innovative digital health tools and their reach to the Medicaid audience. Most of the digital health innovation has been aimed at middle- and high-income consumers, and this is where Health Tech for Medicaid (HT4M), founded by Adimika Arthur, is on a quest to reduce racial, low income and ethnic disparities in health outcomes.

Art Collectors Trim Their Portfolios Amid The Shifting Market Landscape

CBX Vibe:

Art collectors are adjusting their investment strategies downwards because of the unpredictable and ongoing economic changes. 2023 saw them slash their investment portfolios to 19% from 24% in 2022. This takes a toll on the already declining Black artists’ representation in global auction sales which currently stands at at 1.9% from 2008 to mid-2022.

The $1.6 Trillion Student Loan Debt Disproportionately Weighs On Black Women

CBX Vibe:

When the Supreme Court decided to block President Joe Biden’s student loan debt relief plan, it left well educated Black women across the country to bear a heavy financial toll. Black women own a disproportionate amount of the $1.6 trillion federal student debt total, with higher debt averages than any other demographic. These melanated and highly educated Black women have 43% more undergraduate debt than their white women counterparts.

Vibes of the Week

"Where Do We Go?” only up! Latinos stepping into the billions with Andra Day in our CBX Vibes!