[New post] UPDATE: The Markets, Economy, Bitcoin and Apple
Editor-in-Chief posted: " *** By Staff Reporters *** Markets: Solid corporate earnings boosted Wall Street and all the major indexes are now higher for the week. Pfizer dipped after posting lower-than-expected Q4 revenue but it did bring in $36.8 billion in sales in"
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Markets: Solid corporate earnings boosted Wall Street and all the major indexes are now higher for the week. Pfizer dipped after posting lower-than-expected Q4 revenue but it did bring in $36.8 billion in sales in 2021.
Economy: The US trade deficit rose to a record $859 billion in 2021 (up 27% from the year prior) due to a surge in imports and higher prices for those imports.
Bitcoin: Authorities arrested a husband and wife accused of attempting to launder 119,754 stolen bitcoin—valued at $4.5 billion. Along with the arrest of the couple, Ilya Lichtenstein and Heather Morgan, the Justice Department announced that it had seized more than 94,000 of the allegedly stolen bitcoin, valued at $3.6 billion—the largest financial seizure in the agency's history.
Apple: Announces Tap to Pay. In a bid to encourage more smartphone intimacy, the company is releasing a feature that allows customers to spend money by simply tapping an iPhone against a merchant's iPhone—effectively turning the device into a checkout register.
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