Fitch Ratings CEO Talks Global Outlook for 2018 and Beyond
Paul Taylor, President and CEO of Fitch Ratings, is part of Cheddar and the Museum of American Finance's CEO series, "Why Wall Street Matters."
Taylor discusses the importance of the bond market to global economies, and why they are more appealing for investors over loans. He also weighs in on his forecast for 2018, noting his global outlook is positive overall, adding that it's not until after 2018 that things get tricky.
The Global Outlook for 2017 has already beat Fitch Group's forecast. The company originally anticipated growth of 2.9% but is expected to hit around 3.2%.
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.
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