The Internal Revenue Service has admitted that identity thieves obtained prior-year tax return information for about 100,000 U.S. households in a major security breach.  The agency believes fewer than 15,000 refunds were paid as a result of the breach, and the total paid out amounted to less than $50 million. (WSJ)

Restaurant IPO's seem to have stolen the show from tech so far in 2015.  Jimmy John's is preparing for an initial public offering that could value the gourmet sandwich chain at more than $2 billion.  Management is likely hoping to replicate the success of Shake Shack, which went public at $21, and closed Tuesday at $85.76. (CNBC)

The International Monetary Fund has declared that China's currency, the Yuan (or renminbi), is no longer undervalued, marking a significant shift after more than a decade of criticism of Beijing's tight currency management.  The yuan has gained 25 per cent against the US dollar since it was allowed to adjust upwards a decade ago, and has held its value even as the dollar has strengthened against other major currencies over the past year. (FT)

The dollar is showing increasing resiliency again.  The dollar strengthened to an 8 year high against the Japanese yen yesterday, and the dollar index jumped to a one-month high, and its biggest gain in almost a year.  The dollar's rise is a major contributor to falling oil prices.  (FT)