Albertons is buying a big portion of Rite Aid in a deal valued at $24 billion. Last year, Walgreens also reached a deal to buy part of Rite Aid. This comes as many traditional retailers are joining forces to compete with Amazon, which is shaking up nearly every industry.
Elon Musk's Boring Company is one step closer to making the Washington to New York City hyperloop a reality. Musk was granted a preliminary permit for the Washington part of the hyperloop. While this doesn't mean work can start immediately, it's a good sign for the Boring Company. Musk has said the hyperloop will transport people from DC to New York in just 29 minutes.
"Black Panther" smashed box office records in its opening weekend. The film raked in more than $235 million dollars in ticket sales. Us Weekly's Emily Longeretta says the stars were all aligned to make "Black Panther" a success, including a mostly black cast, a great storyline, and strong female characters. The cultural moment we're going through as a country also played a role in the film's success, according to Longeretta.
Plus, we're joined by Jason Brown, the CEO of the start-up subscription service Vitamin Packs. The company ships personalized vitamins to your door every month. Brown says the service is growing fast. Vitamin Packs just recently shipped out its 5000th order.
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.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
