CBX Daily 8/27/2025

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CultureBanx Team
August 27, 2025

Today, Costa Coffee may receive a Coca-Cola red card, but let’s start with how tech tariffs hit low-income earners hard…

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Why Low-Income Consumers Bear the Brunt of Rising Tech Tariffs

CBX Vibe

As tariffs drive up costs on imported tech from countries like China, low-income consumers in the U.S. are disproportionately affected. That smartphone that went up by $100? That’s not a minor inconvenience, it’s a barrier to access. Especially when devices are lifelines for education, healthcare, and entrepreneurship.

Costa No Longer Coca-Cola’s Cup of Coffee in A Brewing Sale

CBX Vibe:

Coca-Cola (KO +0.10%) is hinting at the potential sale of Costa Coffee. The beverage giant acquired Costa Coffee in 2019 for $5.1 billion in a bid to to diversify beyond soda and tap into the booming global coffee industry. However, over the last few years, the surge in coffee prices has been disheartening for industries and this may be one of the reasons for the sale. If the sale goes through, the company may be handed over for less than half of its 2019 sale price.

New Era: Oakland Coliseum Sold In $5 Billion Urban Redevelopment Deal

CBX Vibe:

Oakland city leaders are celebrating a new deal that will inject some much needed cash into the city. The iconic Oakland coliseum has been acquired by the African American Sports and Entertainment Group (AASEG) as a central part of their multibillion-dollar plan to redevelop the 112-acre site with affordable housing, commercial space,  entertainment venues, sports facilities and more. Oakland is set to receive $105 million from the sale, being enough to avoid major cuts to police and fire departments due to financial problems the city is currently facing 

AI Is Coming & These 5 Industries Better Be Ready For a Transformation

CBX Vibe:

Artificial intelligence has already transformed how major companies operate across multiple sectors. AI systems now handle critical business processes that once required extensive human oversight, such as automated fraud detection in banking and predictive maintenance in factories. In McKinsey's study, 78% of respondents said they use AI in at least one business function as of July 2024. In PwC's study conducted in October 2024, 49% of tech leaders reported that AI was fully integrated into their core business strategy.

How SVB Catalyst 2045 Is Reshaping Capital And Innovation On Martha’s Vineyard

CBX Vibe:

SVB’s Catalyst  2045 program is leading innovation by providing unparalleled access to ecosystems that have historically excluded emerging founders and fund managers. By bringing these groups together on Martha’s Vineyard, the island’s deep cultural resonance, its history as a Black summer haven, juxtaposes the concentrated cultural capital and economic mobility on offer. 

Vibes of the Week

Low-income earners are the “Sacrifice” for soaring tariffs, as Mariah the Scientist expounds it in our CBX Vibes!