CBX Daily 3/22/2024

Author

CultureBanx Team
March 22, 2024

Today Black investors have to get into farming without stepping in the terrain, but let’s start with how boomers are overcoming the racial employment gap as it caves in…

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Workers 65+ Are Seeing The Race Gap In U.S. Employment Fading

CBX Vibe

While progress has been made in closing the race gap in employment, there are still areas where disparities persist. One area of interest is the employment of workers aged 65 and over. In the last 10 years, the gap in the Black-white employment-to-population ratio, which measures the share of all employed workers out of the total working-age population, has diminished from 1.3 to 0.8 in this age group. 

Can Black Investors Enter The Agriculture Game Without Becoming Farmers?

CBX Vibe:

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

CBX Vibe:

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

CBX Vibe:

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

CBX Vibe:

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.

Vibes of the Week

Seems like “One Call” was made and the U.S. race gap for workers grew smaller. Definitely something to smile about. Rich Amiri in our CBX Vibes!