CBX Daily 8/29/2024

Author

Claire Moraa
August 29, 2024

Today privatization may hold Caribbean’s future, but let’s start with how black entrepreneurship could be the next big venture…

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Cultural Intelligence Download

The Secret Ingredients In The Black Business Boom

CBX Vibe

There's a growing confidence and interest among Black professionals in pursuing entrepreneurship as a career path. In just four years, 1.6 million businesses have been created in the period between 2020 and 2023. This surge in entrepreneurial spirit is a positive development that can lead to increased representation, innovation, and economic empowerment within the Black community.

Is Privatization The Caribbean's Ticket To A New Era In SIDS?

CBX Vibe:

SIDS (Small Island Developing States) is home to over 65 million people across 1,000 plus islands globally, accounting for over 16% of the global economy. They make up 0.5% of the surface area of the whole planet and cause less than 1% of the worldwide greenhouse gas emissions, yet the decisions of bigger nations impact these nations. They also have some of the highest electricity costs and face an average GDP loss of 1-8% due to fuel dependency and natural disasters.

Howard University Basketball Eyes $100 Million Investment Opportunity

CBX Vibe:

Historic HBCU institution, Howard University, is eyeing a $100 million investment that could revolutionize its men's basketball program and set a new standard for college sports. This bold move comes at a time when the landscape of collegiate athletics is shifting, with revenue sharing and equity taking center stage.

Victoria’s Secret Gets A New Sparkle With Savage & Fenty Leadership Revamp

CBX Vibe:

Victoria’s Secret (VSCO +1.67%) garnered attention recently due to a major development. The stock price experienced a significant surge of 14% following the announcement of Hillary Super, the former CEO of Savage X Fenty, as the new leader. This transition in leadership marks a pivotal moment for Victoria’s Secret as it endeavors to navigate the evolving global lingerie market landscape while addressing recent challenges of low sales and dismal performance.

Newest Heavyweights In The Stock Market Are Black Investors

CBX Vibe:

Historical and systemic barriers might contribute to differences in access to traditional financial resources but blacks are changing this narrative by using the available resources for their development. A recent study found that over 50% of black investors showed a higher inclination to utilize social media groups or message boards for obtaining investment information, whereas only 25% of white investors exhibited a similar preference. These tools make researching, critically assessing, and buying shares easier. 

Vibes of the Week

Black entrepreneurship gains momentum with Russ wondering, "If This Is It". Hear more of it in our CBX Vibes!