Blue Apron shares slide to all-time lows as Weight Watchers gets into the space. We talk to Inc.'s Zoe Henry about the future for the meal-kit delivery company, whether it needs to find a buyer or change its strategy.
And the latest from Washington. President Trump says he'll meet with his North Korean counterpart before the end of May in an effort to de-escalate nuclear tensions. And the economy added more jobs than expected in February, sending markets higher to end the week.
Plus Netflix is reportedly close to inking a production deal with Barack and Michelle Obama for the streaming service. Toys "R" Us is considering liquidation, and Twitter CEO Jack Dorsey wants to give everyone a blue verification check mark.
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.
