Time names its Person of the Year. The magazine's assisting managing editor talks about giving "The Silence Breakers" the title. Facebook is named the best company to work for. The social network topping career site Glassdoor's annual employee choice awards. UPS is warning customers of some delivery delays after those record-breaking Cyber Monday orders. Wal-Mart Stores is changing its legal name to Walmart after nearly 50 years. Bitcoin hits an all-time high of $13,000. Bravo star Katie Maloney talks about the 6th season of "Vanderpump Rules" and her celeb makeup collaboration.
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.
