Market volatility is on everyone's mind but how can you protect your finances from the ebb and flow of the market? Chris Hutchins, Founder and CEO of Grove, joins Your Cheddar to discuss how to prepare yourself financially if you want to jump into investing.
Hutchins recently launched Grove, a financial planning service that combines personalized financial advice and technology. He talks about why some people may want a human financial advisor rather than a robot or app. In addition, he predicts what the future of financial automation will be.
Plus, Hutchins is a former partner at Google Ventures where he invested in multiple startups. He gives three pieces of advice for people looking to raise capital: have a passion for what you're doing, have a great team of people and produce a product that is proven to enhance the lives of customers using it.
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.
