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14 hours agoThe Week in Market Moves - Tearsheet
Chime reported its first GAAP-profitable quarter and grew active members, while Robinhood expanded retail access to private markets through its private markets fund.
Americans can easily spend anywhere between $1,000 and $10,000 annually on tax preparation, yet still wait weeks for responses from their accountants, a system that's reaching a breaking point. With three out of four CPAs approaching retirement and accounting program enrollment declining nationwide, the traditional tax preparation industry faces a severe capacity crisis just as tax complexity continues to escalate.