CBX Daily 6/10/2025

Author

CultureBanx Team
June 11, 2025

Today, Trump policies push the rich to invest in foreign zones, but let’s start with how AI is keeping black Americans from owning homes…

Cultural Intelligence Download

Algorithmic Inequity: How AI May Be Denying Black Americans Homeownership

CBX Vibe

Artificial intelligence and its inherent bias seem to be an ongoing contributing factor in slowing minorities’ home loan approvals. An investigation by The Markup found lenders were more likely to deny home loans to people of color than to white people with similar financial characteristics. Specifically, 80% of Black applicants are more likely to be rejected, along with 40% of Latino applicants, and 70% of Native American applicants are likely to be denied. How detrimental is the secret bias hidden in mortgage algorithms?

Trump Panic Has U.S. Millionaires Fleeing To Swiss Vaults

CBX Vibe:

High-net worth individuals have had a busy year from seeking greener pastures and now, they're looking for new homes for their assets. Wealthy Americans are opening Swiss bank accounts due to fears related to the Trump administration's policies. If the government introduces capital controls, Swiss bank accounts or other offshore accounts become an option. Affluent individuals may attempt to diversify their assets and protect their wealth from potential devaluation or confiscation.

Dick’s Sporting Goods Acquires Foot Locker In A Monopoly Takeover

CBX Vibe:

Iconic sports goods retailer Dick’s Sporting Goods (DKS +0.21%) has announced plans to acquire its market rival Foot Locker (FL +0.11%) in a $2.4 billion deal as it seeks to expand its global footprint. It’s an ambitious move that certainly boosts Foot Locker’s profile in the market as well as giving Nike healthy competition from Dick’s revenue that’s already doing exceptionally well. In quarter 1 of the financial year 2025, revenue sales are already up 5.2%.

Tune-in Tuesdays!

The U.S. says it's enforcing immigration law, but the raids feel less like justice and more like targeted disruption rather than fighting crime. Is the goal order, or intimidation cloaked in legality?

A. “Poor People Land” by Vybz Kartel – These raids aren’t about law, they’re about reminding the poor who’s really in charge
B. “Order” by Mallie Donn – It’s about time the U.S. took its power back and reclaimed its country by bringing back order by getting rid of undocumented immigrants
C. “Borders” by St. Beauty – Americans love the food, the culture, the music, just not the people who bring it

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

Login or Subscribe to participate in polls.

Last week’s results are in and it seems people think visa appointments should have some ‘Rules’ for security

The Unstoppable Growth Rate Of Latino-Owned Businesses In America

CBX Vibe:

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 2024, according to a new analysis of Census Bureau data.

Dropping Pounds Thanks To The Falling Cost In Weight Loss Drugs

CBX Vibe:

If you no longer wish to hit the gym, weight loss drugs are now more accessible and affordable. But there's a catch. You'll have to cover the cost out of pocket. The price for Wegovy has gone down 23% for uninsured patients. And with 1 in 8 people living with obesity, this comes as a much welcome way out for people who want to avoid lifestyle diseases and shed off a couple of pounds faster.

Vibes of the Week

Black Americans may have to wait a “Long Time” before owning homes thanks to AI. Teyana Taylor expounds in our CBX Vibes!