Amazon is joining forces with Berkshire Hathaway and JPMorgan Chase to bring their employees better and cheaper healthcare. The three companies will start an independent company focused on technology that will make the healthcare system more efficient. Details are scarce as plans are still in the early stages.
Facebook is changing its News Feed yet again to focus on local news sources. CEO Mark Zuckerberg said in a Facebook post the shift will be good for "your well-being and for society." This is the third major change to the News Feed in the last few weeks. The social media company is now featuring posts from friends and family higher than publishers and is also ranking media accounts based on how trustworthy they are.
Music legend Linda Perry joins us to discuss her new campaign highlighting independent artists. The Intuit Quickbooks' new "Backing You" campaign helps propel emerging artists forward. Perry, a member of the Songwriters Hall of Fame, has written songs for Christina Aguilera, Pink, and Gwen Stefani.
Plus, we hear from the founder and CEO of Pymetrics, a company that uses artificial intelligence to match people with the right job. Dr. Frida Polli started Pymetrics to take discrimination out of the hiring process, which she says is often biased against women and people of color. Polli hopes her company will show people the benefits of A.I. technology.
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.
