CBX Daily 4/22/2024

Author

Sharetta McLaughlin
April 22, 2024

Today find out why the U.S. is where wealth reigns supreme, but let’s start with how Black women are at the forefront of the homebuyers scene…

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Major Key Alert: Black Women Homebuyers Surge Up 18%

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Black women are less concerned with societal norms and are choosing to live their best lives by outpacing men in homeownership. Between June 2020 and September 2021, Black female buyers surged 18.1% compared to the previous year, versus an 11.5% increase in Black male buyers over the same horizon. They are acquiring higher levels of education and have found their independence through one of the greatest assets along the way to building generational wealth. 

The A-List Millionaires And Billionaires Reside In The U.S.

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The U.S has now taken over the number one spot from China leading with the highest number of millionaires and billionaires. Currently, the U.S has 788 billionaires and 9,850 centi-millionaires while China has 305 billionaires and 2,352 centi-millionaires. These figures have catapulted the U.S. to greater heights and is now home to 37% of the world's millionaires. This further solidifies its position as a hub for wealth accumulation and economic opportunity.

Black-Led Startups Struggle As Venture Funding Dips Below $1 Billion

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In venture funding, where opportunities often seem boundless and innovation reigns supreme, the reality for Black entrepreneurs often tells a starkly different story. Recent data reveals a troubling trend: venture funding for Black-founded startups has plummeted below the $1 billion mark for the first time since 2016. This staggering decline, amidst an already challenging economic landscape, raises critical questions about equity, access, and the future of entrepreneurship for communities of color.

Cocoa's Surge In Prices Spur Ivory Coast And Ghana's Economy

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Cocoa serves as a crucial pillar for the economies of Ivory Coast and Ghana, recently hitting prices of $10,000 per metric ton for the first time ever. The countries cocoa account for around 15% and 2-3% of their GDPs respectively, Fluctuating international cocoa prices pose a significant opportunity, impacting the livelihoods of countless individuals dependent on cocoa farming. 

Deciphering The $300 Billion ESG Investment On Corporate Diversity

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Environmental, Social, and Governance (ESG) investing, once the darling of Wall Street, is witnessing a remarkable slowdown. Assets under management in ESG funds declined from $339 billion in the second quarter to $315 billion by the end of last year. This shift has far-reaching implications, particularly concerning the progression of diversity and inclusion within the corporate sphere.

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