January 07, 2021 - Biz in 60

US weekly unemployment claims fall slightly to 787,000 The number of Americans filing for unemployment benefits fell for a third straight week but still remained historically high. Another 787-thousand people lodged jobless claims last week as businesses struggle under renewed curbs following a resurgence of coronavirus. Meanwhile, the US' trade deficit has widened 8 percent to a 14-year high of 63 billion dollars in November. Elon Musk passes Jeff Bezos to become world's richest person The founder and CEO of Tesla, Elon Musk, has became the richest person in the world, with a net worth of more than 185-billion- dollars. A near 5-percent rally in the electric carmaker's share price has boosted Musk's fortune to overtake Amazon founder Jeff Bezos on the Bloomberg Billionaires Index. Tesla stock has has increased more than nine-fold over the past year. Crypto market tops $1T as Bitcoin soars past $37,000 The total value of the entire cryptocurrency market has topped 1-trillion dollars for the first time, following a recent rally in Bitcoin prices and other tokens. Bitcoin has surged nearly 400-percent in the past 12 months, surpassing 37-thousand dollars. The world's most popular cryptocurrency represents more than two-thirds of the market's total value.