*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.
Some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.
The House of Representatives recently passed a bill aimed at increasing transparency in healthcare.
