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World News

Nashville Hat Store Bought Yellow Star Anti-Vaccine Patches

On Saturday, protesters gathered outside a hat shop in Nashville that sold “unvaccinated” Star of David patches and compared vaccination records with the Nazi practice of requesting “your papers.”

The store, Hatwrks, said on Instagram in a post that was later deleted that it was selling the patches for $ 5. In an outbreak of anti-Semitic attacks across the country, the post was criticized on social media and off-store, where protesters held signs saying “No Nazis in Nashville” and “Sell hats, don’t hate”.

In a separate post on the store’s Instagram account, which also touted “mask-free shopping” and promoted the conspiracy theory that vaccines contain microchips, it says, “All unvaccinated people are segregated from society, tagged and required a mask wear. What’s next?”

The hat company Stetson said that “because of the objectionable content and opinions of Hatwrks,” the store would stop selling its products.

A post on the business’s account responding to the criticism reads, “I respect history a lot more by campaigning against the fallen than offering silence and compliance.” A later post apologized “for any insensitivity “and said,” my hope was to share my sincere concern and fear and to do everything possible to ensure that nothing “like the Holocaust” ever happens again.

Gigi Gaskins, who is the shopkeeper according to state records, didn’t respond to requests for comment.

The criticism of vaccination passports or the digital proof of a Covid-19 vaccination goes beyond the USA: demonstrators gathered in London and Brussels on Saturday to protest the vaccination requirements.

Oregon said last week that companies would need to check customers’ vaccination status before they could enter without a mask, despite corporate groups there questioning the practicality of the requirement. New York created the Excelsior Pass, but doesn’t require it to be widely used.

In Tennessee, Republican Governor Bill Lee signed law on Wednesday banning local governments from requiring businesses to review vaccination records.

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Business

Beeple NFT is most costly ever bought at public sale, tops $60 million

A virtual work of art called “Everydays: The First 5000 Days”. It was designed by digital artist Beeple and is the first NFT-based artwork to be auctioned at Christie’s.

Christie’s

A non-fungible token by artist Beeple sold for over $ 60 million at Christie’s, making it the most expensive NFT ever sold at auction.

The final sale price could shift as the final bids are processed and auction fees are added, bringing the total to more than $ 69 million. However, the sale closed two weeks of frenzied online bidding and ushered in a new era in collectibles, with prices for blockchain-based digital images now competing with prices for Picassos and Monets. While the future of NFT pricing and its longer-term role in the art world remains an open question and many view it as a speculative fad, the eight-figure price tag for the Beeple has suddenly taken notice of the art world.

“As soon as I saw it, I saw it as having this enormous potential as a platform for digitally owning a variety of things, not just art,” artist Mike Winkelmann, better known as Beeple, told CNBC. “I think this will be an alternative form of asset class going forward.”

The record work “The First 5,000 Days” was the first to be sold in a major auction house.

In 2007, Winkelmann set out to publish a new digital work of art every day for the rest of his life and never missed a single day. The first 5,000 of these works, which he calls “Everydays”, were put together to “The First 5,000 Days”.

NFTs, which are digital assets whose owners are recorded on a blockchain, have grown into a $ 400 million market – much of it in the past month. Jack Dorsey turned the first tweet from 2006 into an NFT with a maximum bid of $ 2.5 million. NBA Top Shots, NFTs of NBA highlight videos, have become increasingly popular, with sales exceeding $ 200 million and a LeBron James video for $ 208,000. Musician and artist Grimes has sold more than $ 6 million in videos and music.

By the time it was sold by Christie’s, the most expensive NFT ever sold was a Beeple movement that was flipped over by its owner for $ 6.6 million.

It is unclear whether large art auction houses will follow suit. Sotheby’s said it made no announcements of future NFT sales and Phillips said there are no “NFT messages to share” at the moment.

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Business

Atlanta Dream offered to Larry Gottesdiener following Kelly Loeffler controversy

Renee Montgomery of the Atlanta Dream.

Adam Pantozzi | National Basketball Association | Getty Images

Kelly Loeffler is no longer a WNBA team owner.

The Women’s National Basketball Association announced Friday that it and the NBA Board of Governors unanimously approved the sale of the Atlanta Dream to Larry Gottesdiener, chairman of Northland real estate company.

Other team investors include former dream star Renee Montgomery and Northland President and COO Suzanne Abair.

“With the unanimous WNBA and NBA votes, today marks a fresh start for the Atlanta Dream organization and we are delighted to welcome Larry Gottesdiener and Suzanne Abair to the WNBA,” said WNBA Commissioner Cathy Engelbert in a statement . “I admire her passion for women’s basketball, but most of all I am impressed by her values.”

In a media call about the sale, Engelbert said Montgomery was a huge “win” for the new owners. She described Montgomery as “a pioneer who made a huge impact both in the game and beyond”. Montgomery, 34, played 11 years in the WNBA, including two seasons with the franchise (2018-19) before retiring on February 9.

“I want to keep growing and we will continue to build momentum in Atlanta for Atlanta Dream,” said Montgomery on the conference call.

Conditions of sale were not provided.

However, sports bankers paint a picture of the WNBA team ratings and estimate that a larger market team – the New York Liberty – will sell in the $ 10 million to $ 14 million range in 2019. Brooklyn Nets owner Joe Tsai now owns the team.

When asked by CNBC to confirm whether sales fell within the price range, Engelbert said the terms are “confidential,” but added, “We look forward to continuing the transformation to include all elements of the WNBA for us all Our franchises can offer added value and a valuation for the future. “

Atlanta owner Kelly Loeffler (right) speaks to Dream General Manager Chris Sienko (left) during the WNBA game between the Las Vegas Aces and the Atlanta Dream on September 5, 2019 at State Farm Arena in Atlanta, GA.

Rich von Biberstein | Icon Sportswire | Getty Images

Loeffler, the former U.S. Senator from Georgia, lost her Senate seat in the Georgia runoff election in January. It made headlines in July 2020 after speaking out against support for the black social justice team after multiple high profile shootings involving police.

The Dream wore shirts that supported the Black Lives Matter movement and commemorated Breonna Taylor, who was killed by police in Louisville, Kentucky last March. Loeffler wrote to Engelbert to oppose the movement’s support and to express their support for players wearing the American flag on shirts.

After the letter, Dream players used their platform to support their opponent, now US Senator Raphael Warnock. The players wore “Vote Warnock” shirts, which reportedly raised over $ 236,000 for his campaign.

On January 19, reports surfaced that a sale of the dream had been completed. In 2011 Loeffler and Mary Brock took over the majority stake in Dream after the owner at the time, Kathy Betty, left the group of owners in 2011.

“That is now a thing of the past, we look to the future and a new beginning for the dream players and, to be honest, for the WNBA,” said Engelbert.

The Dream ended 7-15 last season and failed to make the playoffs. The team will select third place in the 2021 WNBA draft.

“It is a privilege to join a team of inspiring women who seek excellence on the pitch and justice off the pitch,” said Gottesdiener. “I would like to thank Commissioner Engelbert, Commissioner (Adam) Silver, and the boards of governors of the WNBA and the NBA for the opportunity.”

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Business

Why an Animated Flying Cat With a Pop-Tart Physique Offered for Nearly $600,000

The emerging market for these items reflects a remarkable, tech-savvy move by digital content developers to financially connect with their audiences and eliminate middlemen.

Some NFT buyers are collectors and fans showing off what they bought on social media or on screens in their homes. Others are trying to make money quickly as cryptocurrency prices rise. Many see it as a form of entertainment that combines gambling, sports card collecting, investing and day trading.

The staggering NFT sales prices have created some of the same confusion and ridicule that has long plagued the cryptocurrency world, which has endeavored to make good use of its technology beyond forex trading. And there is uncertainty about the stability of values, as many transactions use cryptocurrencies, the value of which has fluctuated significantly over the past two years.

But true believers remind people that most of the big tech things – from Facebook and Airbnb to the internet itself to cell phones – often look like toys.

“A lot of people are cynical about things like this,” said Marc Andreessen, venture capital investor at Andreessen Horowitz, in a discussion on the Clubhouse social media app earlier this month. But people don’t buy things like sneakers, art, or baseball cards for the value of their materials, explained he and partner Ben Horowitz. You buy them for their aesthetics and their design.

“A pair of sneakers worth $ 200 is about $ 5 in plastic,” Andreessen said.

“You’re buying a feeling,” added Mr. Horowitz.

The market for NFTs began to revive last year. In 2019, more than 222,000 people quadrupled in sales worth $ 250 million, according to Nonfungible.com, which is tracking the market. With day trading rising alongside the stock market during the pandemic, investors have been looking for riskier and more esoteric places to make money, from sneakers and streetwear to wine and art.

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Business

Tilman Fertitta says his dealership has offered 17 vehicles for bitcoin

Billionaire businessman Tilman Fertitta told CNBC on Tuesday that his luxury car dealership has sold more than a dozen vehicles for Bitcoin since it began transactions in digital currency almost three years ago.

Fertitta’s comments on “Power Lunch” came a day after Tesla announced plans to accept Bitcoin as a means of payment for its products. The electric vehicle maker also said it bought $ 1.5 billion worth of Bitcoin with cash on its balance sheet.

“Tesla takes it a lot more than I do, but believe it or not, we’ve sold 17 cars – Bentleys and [Rolls-Royces] – with Bitcoin, “said Fertitta, who also leads a huge hospitality empire as chairman and CEO of Landry’s Inc., based in Houston.

According to The Houston Chronicle, Fertitta’s Post Oak Motor Cars first accepted Bitcoin in 2018. He told CNBC that the idea of ​​accepting bitcoin transactions came from his team. “We always talked about being innovative and being ahead of everyone else and not being a dinosaur here or you won’t last,” he said.

In its filing with the Securities and Exchange Commission on Monday, Tesla said that Bitcoin will be accepted as payment in the near future, “subject to applicable law and on a limited basis initially, which we may or may not liquidate upon receipt”. In that case, Tesla would be the first major automaker to accept the digital coin.

Bitcoin, the largest cryptocurrency by market value, saw higher price spikes after the Tesla News was released. It was trading above $ 47,000 per coin on Tuesday afternoon.

At the time Fertitta’s merchant introduced Bitcoin for transactions, the volatile digital coin was trading between $ 6,000 and $ 7,000 apiece. It was in the middle of about a year-long relapse, falling below $ 4,000 by December 2018. Bitcoin’s price had peaked at just under $ 20,000 in December 2017.

Bitcoin started a robust rally last year and topped the 2017 high in late November. A number of factors have been attributed to the great success of the digital coin, including its acceptance by high profile investors who have touted its potential as a hedge against inflation. Established companies like PayPal have also stepped into the crypto space, and some suggest that institutional adoption helped fuel Bitcoin’s upward trend.

Tesla’s adoption offers “strong endorsements” for Bitcoin as a store of value and as a means of payment, Allianz chief economic advisor Mohamed El-Erian told CNBC on Monday.

Fertitta has spoken positively about Bitcoin for years, telling CNBC in December 2017 that it was “staying here”.

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Business

Coronary heart-shaped Kate Spade bag offered out after going viral on TikTok: Tapestry CEO

Tapestry CEO Joanne Crevoiserat told CNBC on Thursday that demand for a heart-shaped Kate Spade bag, which went viral on TikTok last month, had skyrocketed.

“We were able to use that. The bag was sold out. We refilled it. We are learning how we can always better involve this community,” said Crevoiserat in an interview on “Closing Bell” after the retailer had reported better than expected Profit for the vacation quarter earlier in the day.

Crevoiserat’s comments are another example of the potential social media platforms like TikTok for Tapestry and other consumer brands. Its influence also seems to expand categories. For Tapestry, the increasingly popular app boosted sales of its shoulder bag, while toy companies also saw sales growth related to TikTok during the pandemic.

TikTok’s branding potential is best illustrated by Walmart’s decision to pursue a minority stake in the app’s U.S. operations. The deal, first announced in September, is still pending. In October, Walmart CEO Doug McMillon explained TikTok’s appeal to the retail giant in a CNBC interview.

“If you’re watching a TikTok video and someone has a piece of clothing or an item on it that you really like, what if you could just and quickly purchase that item?” McMillon then said on “Squawk Box”. “This is what we see in countries all over the world. And it fascinates us and we want to be part of it.”

Tapestry stock closed Thursday 4.6% to $ 36.18 apiece after the New York-based company beat Wall Street’s profit and loss projections. Despite quarterly revenue of $ 1.69 billion, down 7% year over year, the company saw a triple-digit increase in digital revenue worldwide. In addition to Kate Spade, Tapestry owns the brands Coach and Stuart Weitzman.

The company’s stock is up more than 160% since early August, hitting a new 52-week high on Thursday.

Crevoiserat said she was happy with how Tapestry expanded its e-commerce activities during the pandemic, as consumers stayed at home and made more purchases online. The company’s online sales of $ 1.3 billion in the past 12 months are “more than double what it was a year ago,” she said. “We had the skills and are getting better and better at engaging consumers on digital and social channels.”

At Tapestry, brick-and-mortar locations continue to play an important role despite online growth, said Crevoiserat, who became permanent CEO in October. She had served as an interim since July.

“We think business is still important and we will continue to innovate in our stores,” she said. “We have raised our expectations for productivity and profitability for our business fleet, but we think that physical touch point, this physical manifestation of the brand is important to consumers.”

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Health

The Eggs I Offered, the Child I Gained

I made it up to 33 weeks before Finnegan’s arrival. He was born folded and twisted like a street cart pretzel with knee, hip and elbow dislocations. He was born with lungs so weak that he needed the help of machines to breathe for almost two months. But he was born. And when I stared down at him in the intensive care unit and saw his resemblance to me – the blue eyes, the brown hair, the upturned nose that had called me Miss Piggy as a kid – I wondered, if Finnegan and I had one Been out together for a day and I’ve seen children who had the same set of characteristics. Or would my egg donor children, even if they had been mixed with an unknown Y chromosome, be unrecognizable even to me?

I recently listened to a podcast about the children of a serial sperm donor. Each of them innocently handed swabs to 23andMe, expecting to find out what part of the world they came from and what diseases they were prone to. Instead, they found that they had dozens of donor siblings (or “siblings” as they called each other). That annoyed me. I never thought there would be a line – traceable and findable for only $ 199 – from Finnegan to the children who may have been born from the eggs I sold. The cloak of anonymity under which I donated my eggs failed to predict the rapid rise in consumer DNA testing. Which meant that I couldn’t predict how the decision I made 10 years before Finnegan’s birth would resonate for the rest of his life.

When Finnegan, now 2, getting well at home – dropping his medication, growing out of his casts, and walking alone – I started pondering how Emmett and I would one day speak to him about his possible split siblings. After all these years, I had to wonder how I was looking at my egg donation.

Was it a means to an end, just a way to top up my skinny intern’s salary?

Was it the ultimate gift that made aspiring parents’ dreams possible?

Was that what I always suspect damaged my body and put Finnegan’s life at risk?

Or was it, as I imagined these revolving doors to be, the necessary precursor for everything in my life that I love? Not so much a revolving door as a sliding door, to borrow a Gwyneth Paltrow rom-com metaphor?

Yes. Yes. Yes. And yes.

And when we finally tell Finnegan his birth story, it will be a story of circumstances, close calls, a fateful cute meeting, and so much love. A story with at least one happy to the end. Or maybe up to 29.

Justine Feron is a writer and advertising executive who lives in Brooklyn with her husband and son.