CBX Daily 3/21/2024

Author

Majella Mark
March 21, 2024

Today Adidas is struggling to revive after a strife with Ye, but let’s start with how Black investors can thrive in Agriculture without the farmer's strive…

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Can Black Investors Enter The Agriculture Game Without Becoming Farmers?

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Rice, yams, watermelon and okra are all crops that originally entered the United States through the enslaved people taken from Africa over a century ago. Africa imported approximately 85% of its food from 2016 to 2018, racking up a food import bill of $35 billion. Food import costs are forecasted to reach $110 billion by 2025, even though there are around 33 million farms across the continent. In order for Africa’s agriculture to reach its full potential it will need investment.

Adidas Suffers From Yeezy's Blow As U.S. Sales Tumble

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It's no secret Adidas (ADDYY +2.79%%) has had a tumultuous ride when it comes to its partnership with Ye. Just when the tide was about to settle and the German sportswear brand had projected a $542.3M profit in 2024 after a $63M loss in 2023, things are taking a turn for the worse. Top markets are registering incredibly low sales with high levels of inventory.

Atlanta Issues Microsoft Ultimatum Over 15,000 Unfulfilled Job Promises

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Microsoft promised to bring 15,000 jobs to Atlanta and build innovative data centers on 90 acres of land. Yet, the reality falls far short of this commitment, leaving Atlanta questioning the sincerity of corporate promises in an era tainted by unprecedented tech layoffs.

LeBron James & Maverick Carter Put Skin In The Men's Grooming Game

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What comes to mind when you think about men? Fashion? Sports? Is it their well-being? Do you ever stop to wonder what skin care routine men use? Well, there are some that do. LeBron James and Maverick Carter have started a skin care line for men that will be exclusively available at Walmart. All products will be $10 or less and the launch is slated for 1st of April 2024.

Quantifying Hip-Hop’s Official Golden Age Beyond The Stage

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It’s already difficult enough to quantify hip-hop’s impact on the $16 billion music industry. If we look at Jay-Z, Diddy, KanYe West, Berner, and Dr. Dre, we see $3.8 billion in accumulated net worth. Additionally, looking at these numbers not only from sales of music but through net worth, highlights the importance of influence. Cultural influence connects Latto with Sprite & Wingstop (WING +1.16%), Pharrell to Louis Vuitton (LVMUY -2.23%), Megan Thee Stallion x Revlon, Jay-Z to the NFL, and more. As much as the corporate world loves to measure every element that affects business, art generates passion and movement that is very difficult to put a true price on hip-hop’s half century worth of contributions to the world. 

Vibes of the Week

Is there a silent investment in farming “As We Speak” or is there more to it? Well, maybe Drake and Yeat can answer. Get into it in our CBX Vibes!