CBX Daily 8/16/2024

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CultureBanx Team
August 16, 2024

Today the cost of printing money costs a sum, but let’s start with how HBCUs are making financial futures hum…

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How HBCUs Are Financially Empowering Their Graduates

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Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff in 2024 are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education in 2024 means embracing an opportunity to amplify Black graduates careers and income prospects.

Money Press: Real Price Of Printing Currencies In Other Countries

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Missing cash to the tune of $104 million in Liberia is still unaccounted for, after it was printed overseas and passed through the country's main port and airport. With Africa being the fastest growing region for banknote printing and several countries having this process done outside of their borders, should we care where our money is printed?

Back To School Retail Vibes Reaching $31 Billion

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Getting your kids ready to take on a new school year won’t be cheap as shoppers plan to spend more on back-to-school gear this year. Despite an unpredictable back-to-school environment, overall spending is expected to increase to $31.3 billion for K-12 students, according to a Deloitte Survey. Parents plan to spend an average of $586 per child, as tech gear takes over back-to-school spending.

Are Black Entrepreneurs The Architects Of America's Prosperity?

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Reflecting on the journeys of Black entrepreneurs underscores the enduring resilience and profound impact they have made on America's economic fabric. From Frank McWorter to Madam C.J. Walker to Robert F. Smith, and everyone in between, let’s explore the lives and legacies of the Black entrepreneurs who are redefining the essence of American prosperity.

How Betting Sites Score Big On Political Upheavals

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(S&P 500 +0.47%) can reportedly predict election outcomes with an 83% accuracy rate. Historically, bets have often been placed on events surrounding entertainment particularly sports. With the rise of online betting platforms and digital technology, their scope has greatly amplified and now includes bettors who stake their fortunes on an array of real-world occurrences, from reality TV show outcomes to papal elections, and even political events.

Vibes of the Week

HBCUs are ”Active” in building black wealth. Asake and Travis Scott know this all too well. Get into it in our CBX Vibes!