CBX Daily 6/21/2024

Author

Majella Mark
June 21, 2024

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Today Black-owned luxury resale delights in new heights, but let’s start with how Black comic books shine bright…

Cultural Intelligence Download

Reading Rainbow: Black Comic Books Big Role In The $22.4 Billion Market

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All Negro Comics, created by Orrin Cromwell Evans and four others in 1947, paved the way for companies like Milestone Media founded in 1993 that now have their place in the DC universe with Warner Brothers investing in a live-action Static Shock film produced by Michael B Jordan. The comic book that was once 15 cents an issue, is now valued at approximately $20,000 today, as the global comic book market size was valued at $14.6 billion in 2021 and is poised to grow $22.4 billion by 2030.

Black-owned Luxury Resale Is Tapping Into The $68 Billion Market

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We see flashy luxury staples on our favorite rappers, athletes, and influencers. They are draped with logos and bling while they hop into their uber-expensive Italian vehicles. Balenciaga, Chanel, and Dior are luxury brands, among others, that make up the 2022 $331.6 billion market, expected to reach $429.4 billion by 2028. The concept of ‘Conspicuous Consumption’ which is the consumption of luxuries to enhance one’s prestige could be supporting more Black-owned luxury brands to get a bigger piece of the retail pie. 

How Migrant Muscles Are Fueling America's Job Surge

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When you think of immigrants, you're probably thinking of the less fortunate, minority and underrepresented people. And its true, they often face challenges such as language barriers, discrimination, and lack of access to healthcare. However for the U.S, this is a group that is literally the cornerstone of growth and success holding their economy together. Birth rates in the U.S have significantly gone down to 2% leaving employers seeking for employees. However with the entry of migrant workers, the labor force has seen a boost and is projected to hit 5.2 million people in the next decade.

AI-ighty Potential

Dubbed the "the rocket fuel of AI" by Wired, this groundbreaking innovation has sparked fervent excitement across Wall Street. And with projections soaring to a potential market cap of $17 trillion – equivalent to 9 Amazons – the magnitude of its impact cannot be overstated.

And thanks to The Motley Fool, the full narrative of this extraordinary tech trend has been compiled into an exclusive report, designed to arm you with the insights needed to make informed investment decisions.

Older Americans Stand Strong Amidst A Retirement Crisis

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Amid growing economic and political uncertainties and the escalating cost of living, a new survey reveals disturbing insights into the retirement expectations and financial anxieties of older Americans. About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire. Another 70% are concerned about prices rising faster than their income, an AARP survey finds. These statistics underscore the severity of an imploding system on the brink of a full-blown retirement crisis, demanding accountability.  

Workforce Automation Is Exacerbating The Racial Wealth Gap

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For generations of workers displacement has been a normal albeit unequal process, now technology is adding another layer to the mix. Workplace automation presents the larger society with a conundrum, as A.I. is set to upend companies, leaving African Americans especially vulnerable. Nearly 4.5 million African Americans in the next 10 years could lose their jobs due to automaton. Is it possible this business impediment will lead to more income inequality and is there anything that can be done about it?

Vibes of the Week

Get to know why we “Adore U.” Comics make a great impact on children. Khalid delivers his one-of-a-kind voice in this tune. Get into it in our CBX Vibes!