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Apple may soon have some company in the trillion dollar club. Amazon is worth about 0 billion.Shares of Amazon popped 2 percent Monday to hit a new all-time high. The stock only needs to go up another 7 percent for the Jeff Bezos-led company to top a trillion dollar market valuation.Amazon is firing on all cylinders this year. Shares of the retail/cloud/media/consumer gadget giant are up nearly 65 percent in 2018. Health care may be the next big market that the company disrupts, following its acquisition of online pharmacy PillPack.Analysts are predicting that Amazon's sales will surge 32 percent to a whopping 5 billion this year — and earnings per share will nearly triple. If there's an obstacle in the path to a trillion market cap, it's not clear what that would be. 795
As a 58-year-old woman on disability, Robin Short of Wallingford, Connecticut, relies on her tax refund to catch up on bills. She filed her return electronically in February, opting for direct deposit so she could get her 3 refund quickly.She’s still waiting, as are millions of others. The IRS is slowly resuming operations after pandemic-related lockdowns, but delayed refunds are devastating some people’s finances.Tax refunds have become a lifelineTax refunds, which last year averaged ,979, are the largest single infusion of cash for about 30% of U.S. families, says Fiona Greig, consumer research director at the JPMorgan Chase Institute, which researches economic issues. While many Americans use refunds to save or to pay down debt, significant numbers rely on the money to cover bills or to get needed medical care — and that was true even before millions lost jobs and income during the COVID-19 pandemic.Delayed refunds can lead to evictions, hunger, creditor lawsuits and health problems from postponed medical care, among other ill effects. Many households live so close to the edge that they can experience hardship when a refund is delayed by two or three weeks, let alone several months, says John Thompson, chief program officer for the Financial Health Network, which researches financial challenges facing low- and moderate-income households.“Not everybody has got the kind of flexibility or resilience to just be able to hold on,” Thompson says.Pandemic shutters most IRS operationsThe IRS started shutting down tax return processing centers in March, along with its taxpayer help line, local offices and volunteer assistance programs. Soon after, it focused on sending out more than 159 million payments as authorized by the coronavirus relief package. By mid-May, the agency faced a backlog of 10 million pieces of unopened mail, including paper tax returns.People who filed electronically generally got their refunds unless those returns were flagged, commonly because of identity theft concerns or a mismatch between the information on the return and what was provided by employers or financial institutions.In Short’s case, the TurboTax software she used counted a ,800 annual pension payment twice, as both 1099 income and as W-2 income. The IRS sent her a letter about the error and advised her not to contact the agency for 60 days while the issue was resolved. Then, the lockdowns happened.Short says her pension and monthly Social Security disability checks don’t cover her expenses. She makes arrangements to pay overdue bills, such as her power bill, when her refund arrives. Otherwise, she says, the math of living on a low fixed income gets grim.“Either you miss a payment on the electric bill, or you don’t get your medicine,” says Short, a former facilities manager and insulin-dependent diabetic who was severely injured when her car was hit by a drunk driver.Using refunds to catch upPutting off bills, then using tax refunds to catch up, is a common practice among strapped households, Thompson says. A survey of people who used free filing methods for lower- and moderate-income taxpayers last year found roughly half said they needed their refunds for bills, rent, groceries and other everyday expenses, according to Prosperity Now, a nonprofit that promotes financial security.People also increase their health care spending significantly after refund checks arrive. A 2018 study of 1.2 million checking account holders found health care spending rose 60% in the week after people received refunds, indicating many were catching up on care, Greig says.It’s not clear how long it will take the IRS to address the backlog or when taxpayers can expect their money. People can try using the “Where’s My Refund?” tool on the IRS site or call the taxpayer help line, but getting through to a human is difficult even in normal times. Congress has cut the IRS’ budget by 20% since 2010, leading to a 22% reduction in staff, according to acting National Taxpayer Advocate Bridget Roberts. Without adequate staff, the agency answered less than one-third of its calls last year. Another option is to contact the Taxpayer Advocate Service, which has representatives in each state.Rather than wait for the IRS to return their money each year, taxpayers can adjust their withholding so they get more money in their paychecks. But many don’t feel comfortable changing their withholding in case they wind up owing big sums, Thompson says.“You’d have to predict how the year is going to go,” Thompson says. “And what could we possibly predict about this year?”This article was written by NerdWallet and was originally published by The Associated Press.Liz Weston is a writer at NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. 4782

ANAHEIM, Calif. (KGTV) -- The Disneyland Resort announced Tuesday that the park will be closing A Big's Land to make way for a new superhero-themed land.According to the Disney Parks Blog, the Guardians of the Galaxy will be joined by Spider-Man and the Avengers in what will become an immersive superhero universe.The new land will be anchored by the “Guardians of the Galaxy – Mission: BREAKOUT!” in the space occupied by A Bug's Land.RELATED: Disney California Adventure's Pixar Pier to open this summerOn March 19, “It’s Tough to Be a Bug" closed to make way for the new experience. Disney plans to close the rest of the land in the late summer.Watch the announcement video in the player below: 711
ANDERSON, S.C. (AP) — Actor Chadwick Boseman will be mourned, honored, and celebrated in his hometown of Anderson, South Carolina.WATCH HERE:Organizers of Thursday's evening's tribute say he was loved and admired in the city of about 28,000 people.Boseman died last Friday of colon cancer at age 43.He was known for his role in "Black Panther" and many other films.Anderson city spokeswoman Beth Batson says Thursday's tribute will begin at 7 p.m. and will include a viewing of "Black Panther" at an outdoor amphitheater where social distancing will be practiced. 571
An apple and an honest mistake have saddled one Delta passenger with a 0 fine and a big bureaucratic headache.Crystal Tadlock got off a plane last week in Minneapolis after an 8?-hour flight from Paris. She was supposed to catch a connecting flight home to Denver, so she decided to save an apple she had been given as part of the in-flight meal service."I put it in my bag, not thinking anything of it," Tadlock told CNN.But before her next flight she had to go through customs, where she was stopped by a Customs and Border Protection Agent. 554
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