In this week's edition of "In the Moment" brought to you by Citi Co-Founder and CEO of WayUp Liz Wessel talks about when she found her passion and how she celebrated her first big win.
WayUp helps connects young adults with jobs and was discovered after Wessel tried a career in politics. She realized she didn't like some of the people she was working with and wanted to start a company that would help others find their passion.
Most of the employees at WayUp are millennials or Gen Z'ers. Wessel talks about how important it is to have a staff of people who went through the same issues that the company solves for its clients. In addition to that, Wessel talks about the process of hiring an executive team.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
