Good evening.
Markets move higher, CPI report drops tomorrow, and the U.S. seized a record $3.6B in stolen Bitcoin.
Let’s dive in.
Markets
What Happened?
U.S. stocks surged on Wednesday as tech stocks extended their rally.
While stock indexes are up this week, they are still in negative territory in 2022.
Investors are waiting for the January inflation report, which drops tomorrow.
Markets could experience volatility if the inflation figure is higher than expected.
The crypto market climbed on Wednesday, with Bitcoin trading above $44k, after news that Russia plans to treat crypto assets as currencies.
Catch Up
The Department of Justice made its biggest-ever seizure yesterday: $3.6B in allegedly stolen bitcoin.
Apple announces 'Tap to Pay' feature that will allow iPhones to accept contactless payment.
U.S. household debt increased by $1T in 2021—its biggest yearly gain since 2007.