Christie’s Record NFT Auction | Women In Top CIO Roles | A Legal Loophole’s Legal High

Good morning.

The auction of digital artwork
“Everydays: The First 5,000 Days” beat even the rosiest expectations. We also report about the appointment of three top female executives as CIOs of major organizations, and look into at whether the hemp industry’s buzziest product’s legal days are numbered. 

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

In The News Today

The office of New York Governor Andrew Cuomo, who is facing several sexual harassment allegations, reportedly called former staffers to try and discredit one of his accusers.

President Joe Biden directed all 50 states to drop their eligibility rules for Covid-19 vaccines by May 1. Some states have announced plans to be ahead of the deadline.

Top Take-Aways

Jeffrey Epstein’s sprawling 28,000 square foot Manhattan mansion was one of the locations where the alleged sexual abuses happened. Now, just under $51 million from the sale of the property was transferred to the estate and compensation fund for the alleged sex trafficker’s victims.

A two-week bidding process over a digital artwork that started at $100
closed at $69.3 million after a flurry of last-minute bids sent the price skyrocketing in the last half hour of the Christie’s auction. It’s a record amount paid for the booming category of art called nonfungible tokens (NFTs).

Last year, Kroger delivered net profits of $2.5 billion on record sales of more than $132 billion, but the U.S.’ largest grocery store chain is now closing seven stores deemed “underperforming” in cities that started mandating higher hourly pay for frontline workers.

IBM, Macy’s and the U.S. government all appointed
top female executives as their CIOs. The three leaders—Kathryn Guarini, Laura Miller, and Claire Martorana—are stepping into challenging roles. 

Delta-8 THC, the hemp industry’s buzziest product, can be found seemingly everywhere outside of legal cannabis dispensaries: gas stations, head shops, bodegas. But it might not be for long.

More than just a hobby, sports cards and memorabilia collecting can sometimes be a profitable investment. Backed by investors such as Reddit cofounder Alexis Ohanian,
card trading platform Alt wants to make that investment as easy as buying stocks. 

Today's Must Read

 
How Much Money You Will Get From Stimulus Checks, Unemployment Benefits And Everything Else Inside Biden's $1.9 Trillion Relief Bill
 
 
 
How Much Money You Will Get From Stimulus Checks, Unemployment Benefits And Everything Else Inside Biden's $1.9 Trillion Relief Bill

The massive relief package, signed into law exactly one year after the World Health Organization declared Covid-19 a pandemic, contains stimulus checks for most Americans—but not everyone will receive the same amount.

Learn More →
 

In Case You Missed It

Joe Jonas is perhaps best known for his career in music and entertainment, but lately, he’s been growing his venture portfolio. His latest investment is a $1.8 million seed round in early-state superfood startup Mindright.

Tips You Can Trust

How To Talk To Your Boss About Burnout. First: Don’t assume your boss is aware

Which Is Better: An ETF Or A Mutual Fund? By former editor of Forbes magazine, William Baldwin.

Across Forbes

 
Going Beyond Black History Month With Our State Of Black Entrepreneurship Project
 
 
 

For(bes) The Culture

Going Beyond Black History Month With Our State Of Black Entrepreneurship Project

The following is an excerpt from this week’s For(bes) the Culture newsletter, dedicated to elevating and empowering Black and Brown professionals.

Read The Full Story →
 
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