CBX Daily 2/3/2025

Author

CultureBanx Team
February 03, 2025

Today, Black American transactions are riskier and could stabilize the wealth equation, but let’s start with how women are setting the course for Formula 1’s elevation…

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Women Are Shifting The Gears In Formula 1’s Growth

CBX Vibe

Formula 1 has traditionally been a male-dominated sport—whether it’s in the driver’s seat or in the stands. But today, that narrative is changing. Formula 1 is seeing a massive surge in viewership, with women playing a key role in the sport’s transformation. In 2025, F1 boasts a fanbase of 750 million worldwide, and women now represent 41% of that total. A significant portion of this growth is attributed to women aged 18-24 who are diving into the sport as well as the F1 community.

Are Riskier Transactions Narrowing The Investment Gap?  

CBX Vibe:

Black Americans have faced systematic exclusion from a number of American institutions, including investment opportunities, though that could be changing. The investment gap between Black and white Americans has recently narrowed, with higher stock market participation among young Black people under 40. In an effort to take back power, interest in investing has grown as this demographic has developed a propensity to take on riskier investments.

Tariff Terrors Could Rewrite The Comic Book Story  

CBX Vibe:

The comic industry is not having a great time and in perspective, each industry has its own share of woes. However, the comic industry can't seem to catch a break. Inflation has sent book prices on a spike and book sales on a downward spiral. To add salt to the injury, one of comics largest distributor for over three decades filed for bankruptcy which puts a dent on book sales even more. Now, the possible introduction of tariffs–7.5% rate to 100% could be the final nail on the coffin.   

Tune-in Tuesdays!

DEI programs are facing criticism from various sides. Some argue these programs are essential for creating fairer, more inclusive workplaces, while others believe they are being pushed for the sake of optics. With growing resistance, will companies double down on their DEI efforts, or will they scale back in response to the pushback?

A. "Bye Bye Bye" by NSYNC – Companies for DEI programs are just putting up a show and the veil has been lifted. There has been very little real change behind the scenes and it’s time to wrap it up
B. "Pressure" by Ari Lennox – As DEI programs face mounting pressure, companies are feeling the heat to either uphold their commitments or back down, navigating the delicate balance between inclusivity and the resistance they face
C. "Bout Time" by Earl Hondo – For many companies, the battle is just beginning, and they’re ready to declare that it’s their moment to defend DEI policies and push for lasting change

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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Last week’s results are in and it looks like Trump’s meme coin has the ‘Eye of the Tiger’ and people have faith in it.

Why 2025 May Be Bitcoin’s Biggest Year & Generate Wealth For All  

CBX Vibe:

If you'd told me a year ago that Bitcoin would skyrocket to $100,000 in 2024, I would've said that was wishful thinking, seeing as Bitcoin was hovering over $42,000 in December 2023. Yet here we are—celebrating a milestone that has people who are crypto natives and crypto curious anticipating what happens now. As a Black woman skeptical of traditional finance shutting us out, I find this era of cryptocurrency hype exciting yet cautiously hopeful. In real-time, we are finally seeing a tool that could level the financial playing field, especially for historically marginalized communities who deserve a chance at building wealth.   

The Rock's UFL Expansion Signals Spring Football's Biggest Media Push  

CBX Vibe:

Entertainment giant Dwayne "The Rock" Johnson, Dany Garcia and RedBird Capital Partners have made the United Football League (UFL) a major player in the sports world. The UFL could be headed towards strong growth with its leagues expansion goals, alongside its mutually beneficial alliance with the NFL to test rules and technology that sets it apart. When you add in its impressive media deals with Fox, which previously owned the USFL, and ESPN, which had the XFL’s media rights, a new era in spring football is ready for kick off.   

Vibes of the Week

Women are showing their ”True Colors” and driving Formula 1’s growth as The Weeknd tells it in our CBX Vibes!