The Dow Jones jumped 200 points, after a two-day sell-off before falling again on Wednesday. Eric Wiegand, Senior Portfolio Manager at U.S. Bank Private Wealth Management explains the factors driving the market this week. Rep. Trey Gowdy (R-SC) announced Wednesday he will not seek reelection.
Rep. Trey Gowdy (R-SC) announced Wednesday he will not seek reelection. The decision comes one day after President Trump's first State of the Union. Republican political strategist Rick Wilson explains what this means for the Republican party, and shares his top moments from the SOTU.
There's a spotlight on Facebook as the social media giant reports earnings Wednesday. The company faces increasing scrutiny over fake news on its platform. Flipboard CEO Mike McCue explains the lessons he thinks Facebook needs to learn from journalism.
Bitcoin could face its worst monthly decline in January. Entrepreneur and original "Shark" Kevin Harrington shares his outlook for cryptocurrency, and how he thinks it could transform retail.
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.
