CBX Daily 2/15/2024

Author

Jennifer Matthews
February 15, 2024

Today crypto romances are turning out to be financial catastrophes, but let’s start with how A.I can be a catalyst for Black workers’ employment downfall or endless opportunities…

Now Playing:

Cultural Intelligence Download

AI's $43 Billion Role In Bridging Or Widening Black Workers' Fate

CBX Vibe

In the evolving landscape of artificial intelligence, the looming specter of generative AI casts a shadow over the economic prospects of Black communities. As we hurtle towards a future where technology dictates the employment terrain, the ramifications for Black workers, particularly those without degrees, are profound and potentially devastating. Presently, the median Black family's wealth stagnates at $44,900, a fraction of the $285,000 held by their White counterparts.

Are Crypto Investments The New Swipe And Swindle Scheme?

CBX Vibe:

In our increasingly digital world, the search for love has shifted to online platforms and dating apps. However, this shift has also brought about a rise in crypto romance scams, leaving many individuals not only with a broken heart but also an empty bank account. Boomers are the most affected as the love swindlers go after their pension.

How Remote Work Is Enhancing Diversity Recruiting

CBX Vibe:

In the contemporary business world, diversity and inclusion have become more than just buzzwords. They are essential elements that contribute to the growth and success of an organization, as a recent Harvard study found that 6 of 10 jobs at large firms can be done remotely. With the advent of remote work, companies have a unique opportunity to enhance their diversity recruitment strategies. 

Middle-Class & Lower-Income Americans Steal The Show In Pandemic Wealth Surge

CBX Vibe:

The global pandemic has had a significant impact on the economic fabric of the world. However, an unexpected trend has emerged, where the wealth of middle-class and lower-income Americans grew at a faster rate than that of high earners during the early phases of the pandemic. This positive trend has not been universally shared, with Black and Hispanic families getting the shorter end of the stick. The wealth of White households exceeded 13 times more that of Black households in 2019.

Hip-Hop Artists Are Parting Ways With Their Multi-Million Dollar Music Catalogs

CBX Vibe:

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. More artists are jumping on the wave of parting ways with their catalogs including rapper Nelly’s recent $50 million deal for 50% of select assets, along with rapper Wiz Khalifa’s similar select asset deal both with HarborView. Is this a hip-hop business trend that’s likely to continue?

Vibes of the Week

"Probably“ bridging, possibly widening. Andra Day's anthem tells us about A.I's role in shaping Black workers' destiny in our CBX Vibes!