It’s Tune-in Tuesdays!

Author

Majella Mark
November 26, 2024

Today, Birkin bags are growing in demand, but let’s start with how hip-hop beefs are helping music sales expand…

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Why Drake vs Kendrick Lamar Feud Boosts Music Revenues? 

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Rap beefs keep artists on their toes and are essential in keeping the HipHop culture alive. In 2007, two big rap stars took the hip-hop beef tradition to lucrative heights. Kanye won by selling 266,000 more albums than 50 Cent that day, totaling over 1.6 million units combined, making the industry over $20 million in one day. The revenue of the U.S. music industry totaled $11.8 billion for the year.  

The Birkin Bag Resale Market Is On Fire  

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In the world of luxury fashion, few items hold as much allure and prestige as the Hermès Birkin bag. Renowned for its exquisite craftsmanship and exclusivity, the Birkin bag has become a symbol of wealth and status as the resale market for these bags has doubled in five years. Hermès also benefited from some free marketing as well, thanks to rappers like Cardi B and the City Girls, constantly showcasing their collections.  

A $300 Million Unraveling Of ESG Investing On Corporate Diversity 

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Environmental, Social, and Governance (ESG) investing, once the darling of Wall Street, is witnessing a remarkable slowdown. Assets under management in ESG funds declined from $339 billion in the second quarter to $315 billion by the end of last year. This shift has far-reaching implications, particularly concerning the progression of diversity and inclusion within the corporate sphere.  

Tune-in Tuesdays!

A banana duct-taped to a wall just sold for $6.2 million in NYC. Is this a statement on the state of contemporary art, or just a bizarre commentary on the value of novelty? With such a high price tag, what does this say about the intersection of art, capitalism, and culture?

A. "Take the Money and Run" by Steve Miller Band – This sale feels like the ultimate hustle, a clever joke on the art world where the punchline is a multi-million-dollar price tag
B. "Smooth Criminal" by Michael Jackson – The duct-taped banana might symbolize how modern art sneaks past traditional definitions, challenging what is “normal” versus creative in today’s art market
C. "Born to Be Wild" by Steppenwolf – Maybe this is less about absurdity and more about freedom—art that dares to break boundaries and be wild, sparking conversation and challenging convention

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

A  |  B  |  C

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Last week’s results are in and it looks like public opinion thinks ‘We’re the Champions’ with the Trump-Musk duo.

Luxury Cars Take A Hit As Drivers Trade For Budget Rides 

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Unless you live under a rock, you may have noted that a good number of cars on the road do not exude luxury. In fact, vehicles priced over $100,000 have significantly dropped to nearly half in the last nine months. Consumers' preferences are shifting towards more budget-friendly options in the automotive market and cars priced between $20,000 and $30,000 have recorded a 44% increase. These numbers increase when we enter the used cars market as it reported a 62.6% year-over-year growth rate.  

How The UAE Is Capitalizing On Its Strategic Affair With Africa 

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The UNCTAD's World Investment Report 2023 revealed a significant decline in Foreign Direct Investment (FDI) for Africa, dropping to $45 billion in 2022 from $80 billion in 2021, representing 3.5% of the global FDI. Despite this decrease, greenfield project announcements increased by 39%. Greenfield investments are often seen as a way for companies to enter new markets, gain access to local resources, or diversify operations and Africa saw substantial investment in megaprojects. With six of the top 15 projects worldwide valued at over $10 billion each.  

Vibes of the Week

It’s not all "Tears" in the hip-hop scene as Drake and Kendrick Lamar feud. Tyla expounds in our CBX Vibes!