When Joseph Sullivan joined the Chicago Board of Trade in the late 1960s, he was a finance industry novice put in charge of a moonshot project to create the first marketplace for trading listed stock options.

A former Wall Street Journal political reporter, Sullivan worked tenaciously and eventually won over both industry skeptics and regulators at the Securities and Exchange Commission to launch the Chicago Board Options Exchange in 1973.

The CBOE, which spun off as a publicly traded company in 2010, grew into one of the world’s largest options exchanges and a staple of securities traders worldwide.

“He changed the face of American finance,” said Bill Brodsky, who served as CEO from 1997 to 2013.

Sullivan, who served as the inaugural president of the CBOE until 1979, died Oct. 2 at the age of 82 in Knoxville, Tenn., where he grew up and ultimately retired.

A Princeton University graduate, Sullivan earned a master’s degree in journalism from Columbia University and started his career in 1961 as a reporter for the Wall Street Journal in Atlanta. In 1963, he joined the newspaper’s Washington bureau, where he covered Congress for five years.

In 1968, Sullivan made a dramatic career change, going to work for the Board of Trade in Chicago, where he was put in charge of the options exchange project.

“It was a pie-in-the sky concept of trying to trade options on major U.S. stocks,” Brodsky said. “He had big hurdles to overcome.”

Patterned after the Board of Trade, the CBOE created standardized securities contracts — betting on the future price of IBM’s stock, for example — and a clearinghouse to act as intermediary between the option buyers and sellers. When it launched on April 26, 1973, the CBOE traded less than 1,000 contracts, Brodsky said.

The Chicago-based CBOE

Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale.

Some of this may be irreversible. Real estate’s re-sorting this time isn’t just based on markets crashing (the Great Recession), political turmoil (the 1979 oil embargo), or financial speculation (the first and second dot.com busts)—after which there’s generally confidence that overall consumer demand and buyer preferences will sooner or later snap back to normal.

Thanks to the COVID-19 pandemic, more deep-seeded, tectonic-sized questions beyond markets and interest rates are being asked this time around that no one really has the answers to yet—like will people feel safer living in the south and southwest where they can spend all year social distancing outside? What if companies let workers work remotely for the rest of their lives? Why go back to retail shopping when I’m already ordering everything online? What’s the point of living “downtown” if half of the restaurants, bars, and museums never open back up?

How these questions get answered will fundamentally re-order how Americans live in the “new” pandemic normal, and as a result will play a huge X-factor in which cities and states will experience growth, demand, and price appreciation over the next 3-5 years, and which ones will stagnate and lose. More broadly for large metropolises like Washington, D.C., New York City, Portland, and Philadelphia, the answers risk slowing or even reversing a wave of gentrification and wildly profitable downtown revitalization that’s been accelerating since before the Great Recession.

Venmo Launches Its First Credit Card, Offering Up To 3% Cash Back, Personalized Rewards

The Venmo Credit Card is rolling out to select customers. The Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and manage finances. What makes the card potentially appealing to Venmo’s younger user base is how the card is directly integrated into the Venmo mobile app. Users can earn rewards from eight spending categories. Users will earn 3% back on their top spending category, 2% from the second highest category, then 1% on all others. [Tech Crunch]

How the Pandemic Is Changing Americans’ Credit Card Habits

Over half of those surveyed in September said that they’ve put money towards a debt as a direct result of the pandemic, or plan to in the future. 29% of credit card users said they’re using their credit cards more than they were pre-pandemic, particularly when it comes to food and self-care items. Even as Americans decrease their balances, however, there’s anxiety around it: 25% of Americans say credit card debt is a source of daily stress right now. [Money]

Travel May Not Be Back to Normal, but Credit Card Companies are Starting to Offer New Flight, Hotel, and Points Perks

Credit card companies shifted away from travel benefits at the onset of the coronavirus pandemic, but these perks are starting to creep back. American Express recently unveiled a suite of travel features for its cardholders, including discounts on eligible hotel stays and airfare. Chase and Capital One also launched record-high welcome bonuses on the Chase Sapphire Preferred Card and the Capital One Venture Rewards Credit Card. [Business Insider]

Mastercard Consumers Can Receive 2 Free Months

A thrifty woman took to TikTok to share her hack for always keeping her Starbucks order under $4.

On Sept. 28, the TikTok user named Natalie shared her “Starbucks hack” involving a surprisingly simple order.

According to Natalie, all you have to do is order a Venti Triple Espresso and add the milk and syrup of your choice, and it comes out to under $4. (For reference, a Grande Pumpkin Cream Nitro Cold Brew costs $5.)

TikTok users — including Starbucks baristas! — were fans of Natalie’s money-saving move.

“As a barista, this is super easy to make — so it’s a win win,” one Starbucks employee raved.

“This has just changed my life,” another added.

“You just saved me so much money,” a third person commented.

Natalie has many other cost-effective tricks on her TikTok. In one video, she notes that you can add vanilla sweet cream cold foam to any Starbucks drink for just $1 more. In another, she shares how to make a beautiful fall flower centerpiece using materials from Dollar Tree totaling just $10.

The hero we don’t deserve!

This 10.25-inch cast iron skillet can be yours for under $15:

If you enjoyed this story, check out this “secret” Pokémon-themed Starbucks drink.

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I’ve always been a self-avowed history nerd. When I was young, the Middle Ages held special fascination for me, particularly the fashion, which my best friend and I tried to recreate on our mothers’ sewing machines. (Told you: history nerd.) However, I always wanted to know things that didn’t seem to be in history books, which was basically anything having to do with women’s lives. Rather than just who they married and who their children grew up to be, I wanted to know what their day-to-day lives were like. What did they discuss with each other? What did they do when they got their periods, for God’s sake? There was a frustrating lack of any information of this sort that was available to me in the suburbs of Washington, D.C., in the late 1980s and early ’90s.

I went off to college hoping to learn more about women in history, and not just the “famous” ones. I was all set to become a history major until I took my first art history class—history with pictures, even better! Although I got a “D” on my first exam (I mean, really, who can keep all of those Egyptian dynasties straight?), I fell in love with the field.

That first semester, I didn’t see Dutch Golden Age artist ’s Man Offering Money to a Young Woman (1631) (sometimes also called The Proposition) in class. In fact, I’m pretty sure I didn’t see any art by women in that class, but I was lucky enough to see the painting in person at the Mauritshuis in The Hague during my first winter break. That’s because, after I graduated from high school in the aforementioned D.C. suburbs, my family packed up and moved to the Netherlands.

When I first saw Man Offering Money to a