A roundup of today’s CNNMoney news:
Verizon iPhone will go on sale Feb. 10: If you’re a Verizon lover who has been craving an iPhone, the wait is over. Starting February 3, Verizon customers will be able to pre-order their phones. For everyone else, the Verizon iPhone will launch Feb. 10. The cost: $199 for a 16 GB device and $299 for the 32 GB version, the same prices AT&T offers. One cool feature: A built-in ability to use it as a wireless hotspot and connect up to five additional devices. The downside: No 4G…yet.
Your smartphone could be your most valuable possession: A few years ago, if your phone was stolen, the worst that would happen was the thief could make prank calls or read your text messages. Today, that same person can destroy your social life and steal your bank account.
Maserati SUV with Ferrari engine: Built on the platform of Jeep Grand Cherokee at the Chrysler Group plant in Detroit, the new SUV is expected to make its debut in 2012. As the Detroit Auto Show comes to a close, check out the 15 hottest cars of the future.
Attack of the inflation hawks: The Fed started a $600 billion bond-buying program in November and not everyone is on board with it. Dallas Fed President Richard Fisher wasn’t a voting member at the time, but he and two other outspoken critics have rotated into voting position.
Do or die for Illinois tax hike: The state is facing a $13 billion shortfall that must be resolved by June 30. Plus, Illinois has $6 billion in unpaid bills to social service agencies, health care providers, contractors and others. State lawmakers are scrambling to pass massive personal and corporate income tax hikes before the Democratic majority lose some seats to Republicans on Wednesday.