CBX Daily 5/28/2024

Author

Claire Moraa
May 28, 2024

Today wrap your head around these trading mishaps, but let’s start with how inflation has Gen Z’s wallets feeling the rap…

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Inflation Is Throwing Hands And Gen Z's Are Catching Them 

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Members of the Generation Z demographic, which typically refers to those born between the late 1990s and early 2010s, are experiencing the negative impact of inflation. Gen Z are facing the challenges of high inflation as they are entering adulthood. This significant increase in prices comes at a time when many individuals from this generation are graduating from college, moving out on their own, and starting their careers, making it even more difficult to manage their finances effectively. The situation is dire that at least 90% of Gen Z's are worried about their financial situation.

Here Are The Simple Trading Mistakes Costing Folks Millions 

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Stock Ticker symbols can be confusing to the novice investor, especially when there are thousands of companies listed on U.S. stock exchanges. People are making mistakes left and right when buying shares and they are paying for it heavily in transaction fees and embarrassment when they have to undo the trades.

Cocoa Prices Retreating Nearly 20% Impacts Africa’s Leading Exporters

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A recent plunge in cocoa prices has caught the attention of market observers, traders, and, most crucially, the economies of Ghana and Ivory Coast, two countries at the epicenter of the world's cocoa supply. Cocoa prices last traded in mid-March at around $7,175, after dropping about $1,700 per metric ton. This significant dip in cocoa market prices isn't just a transient trend; it brings to light broader economic, environmental, and societal changes influencing the cost of cocoa and its impact on these key producing nations. 

Sub-Saharan Africa Hits A High Note By Injecting $28.6 Billion Into The Streaming Industry

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The music industry is growing at an unprecedented rate thanks to the fandom of taarab, afrobeats,  coupé-décalé and more genres from the African continent. Sub-Saharan Africa has become the only region that has achieved an astonishing 24.7% increase in recorded music revenue, surpassing global averages.  Trailing behind the African music landscape in revenue growth are Asia (14.9%), and Europe (8.9%). However Latin America experienced substantial growth at 19.4%, holding the region’s status as one of the fastest growing markets. 

Nasdaq’s Quest To Increase Board Diversity Faces New Legal Challenges

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Nasdaq’s board diversity rule, aimed at enhancing corporate governance through diversity, faces significant legal and regulatory challenges. The U.S. Court of Appeals for the Fifth Circuit's decision to revisit a challenge to the rule highlights the ongoing legal debate, with constitutional prohibitions against discrimination and restraints on free speech at the center of discussions.

Vibes of the Week

Lenny Kravitz was right. Inflation can leave you “Paralyzed.” However, as you try to stay above water, bump to this tune. Get into it in our CBX Vibes!