Shares of GE falling at the start of the trading day after the company said it would take a $6.2 billion charge in its finance arm.
Plus shares of BlackBerry rose after the Canadian tech giant unveiled its "Jarvis" software for connected cars. The cybersecurity system will prevent autos from being hacked.
And Google is planning to lay underwater cables in an effort to expand its cloud business to new regions. The stock was rising in early trade.
The NASDAQ’s Executive Vice President of Corporate Platforms breaks down why you’ll probably see a lot of companies going public in September and December.
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.