After years of economic and political struggle, Argentina is starting to see a resurgence in investment and entrepreneurial growth. Estaban Bullrich is a Senator Elect for Argentina, and he joins Cheddar to explain how the country is moving forward.
Bullrich explains that the government is actively removing barriers to entry for local business and innovation. The country now has multiple start-ups that are unicorns, and is seeing record levels of investment in the region. The Argentina stock market, MERVAL, is up 63% this year, making it one of the best-performing stock markets in the world.
Prior to the recent election, Bullrich served as Minister of Education for Buenos Aires from 2010 to 2015. During that time, Bullrich improved the education system and adjusted curriculum. Now, in over 3,000 schools, computer science and coding is a required course.
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.
