Apple to Build $1 Billion Campus in Austin, Add Jobs Around Country
*By Carlo Versano*
Apple says it will build a $1 billion new campus in Austin, Tex. that would almost double the size of its current footprint in the city, with the room to house as many as 15,000 new jobs.
Apple ($AAPL) made the announcement in an early morning press release, in which the company also committed to adding offices with 1,000 new jobs in Seattle, San Diego, and Culver City, Calif., as well as expand its operations in Pittsburgh, Colorado, Portland, Boston, and New York in the coming years.
Apple's decision to build out its presence in Austin is a sign that the famously eccentric city in the middle of Texas is rapidly becoming a tech hub in its own right. Dell ($DVMT), Amazon ($AMZN), IBM ($IBM), and Facebook ($FB) are among the technology giants that call Austin home, and the city hosts the SXSW tech and media festival every spring.
“Their decision to expand operations in our state is a testament to the high-quality workforce and unmatched economic environment that Texas offers," Texas Gov. Greg Abbott said of Apple.
Apple's decision to announce its expansion plans by press release stood in contrast to the year-long pageantry of Amazon's HQ2 search. That expansion will create 50,000 new jobs, Amazon has said.
Apple said it is on track to create 20,000 jobs in the U.S. by 2023. Those are largely non-manufacturing jobs, which the company still keeps overseas, to the [dismay](https://twitter.com/realDonaldTrump/status/1038453273286664193?ref_src=twsrc%5Etfw) of President Trump.
Co-founder and executive chairman of the board at Vaxxinity Lou Reese shares how the company is working to bring vaccines for chronic illnesses like heart disease and Parkinson’s to market with an eye for accessibility.
Mario Veneroso, Kingsview Asset Management Partner, weighs in on the latest economic data and whether the market is pricing in too many rate cuts for the coming year.
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
