CBX Daily 4/4/2024

Author

Claire Moraa
April 04, 2024

Today Amazon has set its expansion plan in motion, but let’s start with how the resale culture is contributing to the evolution of fashion…

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How Fashion Resale Is Fueling Style And Sustainability

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It's a fact that not everyone will wear a new Gucci belt or rock the limited high-end brand pieces released occasionally for a selected few. However, with the resale culture, common folk will get access to luxury and high-end fashion items at more affordable prices. You'll get to experiment with new styles and brands without breaking the bank. All this is thanks to the emergence of various resale platforms and strategic partnerships with retail giants who want to venture into the billion-dollar industry.

Amazon Is Expanding To The South African Market In 2024

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Amazon (AMZN +0.86%), the global e-commerce giant, has announced its plans to launch its online shopping service in South Africa in 2024. This move marks a significant expansion for Amazon, making South Africa only the second African country, after Egypt, to have a locally dedicated website from the U.S. company. South Africa will also become the 21st country to host Amazon's locally dedicated website, posing a significant challenge to the plethora of online retailers, primarily led by Naspers' Takealot.com.

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.

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