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China Creates Digital Currency, Kim K Hits 1 Billion, Diddy Reveals BIG Discrepancy | Bold Business
Posted
April 13, 2021
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April 13, 2021
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8:00Now PlayingWelcome back to Bold Business with Philip Michael! Be sure to like, subscribe, and hit the notification bell for all things BOLD, and for more news headlines and business trends.
Kim Kardashian, of Keeping Up With The Kardashians fame, reaches billionaire status thanks to her KKW Beauty and Skims brands. Kanye West, her soon to be ex-husband from the Kim Kardashian Kanye West divorce, is already part of the billionaire’s club as was her sister Kylie was dethroned from that status last May. Kim Kardashian West also told TMZ that she predicts that she won’t be the last of her family to reach billionaire status. With the family’s long-running show, Keeping Up With The Kardashians, coming to an end, who could be next?
Diddy recently came out with a statement saying that Corporate America refuses to invest in black owned businesses. He released a statement on his own media company, Revolt, revealed that General Motors, who has made a lot of money off of black consumers, has spent less than 1% on black owned media companies. General Motors then listed Revolt as a company it supports, but Diddy countered. He said that of their $3 Billion spend on advertising, only $10 million is spent on black owned media. Black consumers in America spend about $1.4 Trillion a year, and make up 15% of the population. Should they then make up at least 15% of the ad spend?
China is turning the yuan into code. But unlike Bitcoin and other cryptocurrency, this digital currency will be centralized in the People’s Bank of China, and this digital currency will even be traceable.
What do you think of these news headlines and business trends? Let us know in the comments below!
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