CBX Daily 4/7/2025

Author

Cynthia Anaba
April 07, 2025

Today, digital banking scales higher, but let’s start with how the corporate world is turning to skills they admire…

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Cultural Intelligence Download

Skills-Based Hiring Is The New Frontier In Corporate Recruitment  

CBX Vibe

Citigroup is making a major change to its hiring strategy, scrapping its Diversity, Equity, and Inclusion (DEI) goals in favor of a skills-based recruitment model. The move aims to broaden the company’s talent pool by emphasizing candidates' competencies over traditional diversity metrics. A recent survey found that more than 80% of companies have adopted skills-based hiring practices, a significant increase from previous years. 

Exploring Digital Banks Deep Dive Into Niche Underserved Markets       

CBX Vibe:

As a number of neobanks, also known as digital banks, come online they are building products catered to very specific markets. When you consider the Black community makes up 30% of the underbanked group in the U.S., according to the Federal Deposit Insurance Corporation, neobanks can be a real game-changer for this demographic. Is it possible for these new digital banks to make a measurable impact on financial inequality and address issues of access, fairness, and fees that have often had a discriminatory legacy? 

A Billion-Dollar Milestone For Women’s Elite Sports In 2025     

CBX Vibe:

It's been a long time coming but it looks like women's sports is receiving the much-awaited recognition and commensurate investment if the recent revenue projections are anything to go by. Just last year, women's elite sports was projected to hit a revenue of $1.28 billion but surpassed and hit $1.88 billion. And this is not just a one-hit wonder. Women's elite sports revenue has been on a steady rise over the last four years amounting to 240%. 

Tune-in Tuesdays!

Elon Musk’s xAI firm has acquired the social media platform X for $33 billion. Is this acquisition a game-changing move, or is it another example of Musk overextending his influence across industries?

A. "Bad Decisions" by Trey Songz – The acquisition seems like a misstep, driven more by Musk’s ego than by a clear, sustainable strategy
B. "Visions" by Wiz Khalifa – Musk’s acquisition of X reflects his forward-thinking vision, where AI and social media converge which could be a power play to solidify his dominance in the tech world
C. "Toxic" by Kehlani – Musk’s acquisition could lead to the downfall of X, as users might become wary of the increasing influence of AI on their social interactions.

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’s seems Tesla consumers are in their ‘No Scrubs’ era

U.S. Consumer Confidence Slides Down 15%   

CBX Vibe:

Money talks, and right now Americans aren't feeling confident about their financial future. Consumer confidence numbers crashed to 92.9 for March 2024, hitting lows not seen since early 2021. The numbers paint a stark picture. While unemployment sits at a seemingly healthy 4.2%, over half of consumers view the economy through a negative lens. 

Could The U.S. Golden Visa Be A Pathway to Prosperity Or A Gatekeeper? 

CBX Vibe:

If you have $1 million to spare, America may be rolling out the welcome mat. The U.S. is reportedly considering launching a "golden visa" program– a policy with far-reaching cultural and economic implications. This residency-by-investment policy could allow the wealthy to buy their way into citizenship through real estate or business investments. It's not new—Portugal introduced a similar program in 2012, generating more than $7.2 billion in economic activity by 2024..  

Vibes of the Week

There is a new “Law N Order” regarding hiring, as GELO tells it in our CBX Vibes!