CBX Daily 4/2/2024

Author

Kori Hale
April 02, 2024

Today a new discourse could be a force in sports and entertainment, but let’s start with how Latino entrepreneurs are flourishing in the business scene…

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The Unstoppable Growth Rate Of Latino-Owned Businesses In America

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In the vibrant tapestry of the U.S. economy, Latino-owned businesses have emerged as a dynamic and influential force. These entrepreneurs are creating businesses at over twice the rate of the general U.S. population, as their community necessitates high levels of innovation and ingenuity. New businesses owned by Latinos accounted for 36% of launches in 2023, according to a new analysis of Census Bureau data.

Robinhood Collabs With Rich Paul To Venture Into Sports And Entertainment

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Powerhouse trading platform Robinhood is strategically expanding its brand beyond their sector by joining forces with Klutch Sports Group. This recent collaboration with the agency founded by Rich Paul, the agent and close friend of LeBron James, will showcase Robinhood's aspirations to establish a presence in the sports, entertainment, and media industry.

 

Here's Why $12.5 Billion Has Been Lost To Online Scams

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An online scam is no new phenomenon. However, with the surge in digital currency usage, the method of operation has evolved and is now targeting unsuspecting individuals. A crime report by the FBI reveals that online scams are on the rise with a 22% increase in 2024 and with over 880,000 new complaints. Even though scams have been there before, this new surge is because attacks continue to morph and become more sophisticated. Attackers are employing advanced techniques and strategies to evade detection and maximize their profits.

PepsiCo's $250,000 Boost To Combat Food Insecurity In HBCUs

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On Historically Black Colleges and Universities (HBCUs) campuses, students face the dual challenge of hunger and learning, as food insecurity casts a shadow over their educational journey. This issue underscores the pressing need for comprehensive support systems to ensure that students can thrive academically despite socioeconomic barriers. However, PepsiCo's donation of $250,000 to five universities, supporting over 37,500 students facing food insecurity, is a good example of corporate social responsibility.  

Unbalanced Scales: Are Anti-Obesity Meds Limited For Black People?

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Gluttony for lily-white cash is the sin du jour that’s preventing Black populations from accessing life-changing treatment for obesity. The healthcare industry is currently experiencing a rise of interest in drugs that prevent weight gain and treat diabetes, however these particular medications are unavailable particularly for Blacks. One of the reasons being their cost and exclusion from Medicare coverage. The scales of accessibility don’t exactly tip in favor of people of color who are at greater risk for developing issues with weight management, especially Black women.

Vibes of the Week

Latinos are becoming the “Most Wanted” for their business acumen. Beyoncè and Miley Cyrus reminding us with a tune in our CBX Vibes!