Bitcoin plunges as South Korea cracks down, and the deadline for Uber shareholders to sell their stakes to SoftBank is on the horizon. And Apple CEO Tim Cook got a 47% pay raise for the fiscal year, and Snap is preparing a new feature that will allow users to share its content across the board.
Plus, are smartphones hacking your brain? We talk about why and how app developers might be tweaking software to make you stay on their apps for longer
And how much will weak Model 3 deliveries hurt Tesla this quarter? One analyst cut his forecast for Q4 numbers by almost 70 percent. We break down what another disappointing number on this front might mean for the electric automaker.
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.
