Sara Blakely, founder of Spanx, speaks with Cheddar's Kristen Scholer at the Goldman Sachs 10,000 Small Businesses Summit. Blakely talks about her success and shares her advice for young entrepreneurs.
Blakely emphasizes the importance of writing your goals down, saying "start small, think big, scale fast." Blakely also talks about her new "arm tights product" that helps women transition their favorite summer dresses and sleeveless shirts into items that can be worn all year round.
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.
