The stock market is recovering from a volatile few days, but will the surge last or will we see another downward spiral? After two straight days of decline, the Dow appeared to bounce back. John Petrides, Managing Director and Portfolio Manager at Point View Wealth Management, joins Cheddar to give his opinion on what's really going on in the stock market. He also shares his advice for millennials looking to make the most out of their investments.
We fact-check President Trump's State of the Union address with Jon Greenberg from Politifact. Greenberg talks about President Trump's comments on the visa lottery program, African American unemployment, and the administration's fight against ISIS. By Politifact's standards, Greenberg says President Trump did worse overall than President Obama has in years past.
The war between AMC Theaters and MoviePass is heating up. The subscription movie service recently removed 10 AMC theaters from its app. O'Connell says it's a bold move considering the app needs theaters to thrive. AMC knows MoviePass's model is beneficial to theaters but is worried about what will happen if the app eventually fails.
Plus, it's our weekly Your Cheddar show, bringing you the best financial tips. We'll discuss how to make money from blogging and analyze the difference between men and women when it comes to investment habits.
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.
