Bitcoin continues to rise, and is showing zero signs of slowing. The cryptocurrency passed $16 thousand dollars on Thursday morning, hitting new all-time highs. The theory for this immediate run is that institutional money from big banks is being priced into the digital currency.
Plus, Walmart says that increased online purchases are causing delays in its distribution network. The world's largest retailer admitting that orders were not processed as promptly as anticipated.
Disney CEO Bob Iger may be sticking around, again. According to reports, Disney's Chief Executive will extend his reign through 2019, if the sale of 21st Century Fox is finalized.
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.
