The Dow jumping after the Senate passes its tax reform bill, but tech stocks are falling. Bitcoin soars to all new highs, the as early investors the Winklevoss twins because the first Bitcoin billionaires. A big healthcare merger, CVS acquires Aetna over the weekend for $59 billion. Netflix is releasing lots of original content this month, including the new blockbuster "Bright", starring Will Smith. Actress Nadia Gray joins us to talk about the film. Everyone's favorite game show in a taxi, "Cash Cab" is returning to TV today after a five year hiatus. The revival's producer is on to talk about what to expect this time around! Plus, one of Cheddar's own producers is a contestant on the show! He'll give us an inside look. Imagine getting financing approved for the car you want, all on your phone. A new app called "Fair" is here to make it a reality. The company's c-e-o explains how it works.
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.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
