Amazon plans to invest over $5 billion and create 50,000 jobs for its new headquarters. Amazon HQ2 could ultimately change the economic trajectory of the winning city for years to come. Nancy McFarlane, Mayor of Raleigh, North Carolina, was with us to discuss the city's chances.
Amazon culled its list down from 238 to 20, Raleigh among them. Mayor McFarlane shared what she believes landed her city on the short list. The Mayor stressed that Raleigh is a great environment for a tech company to grow. Tech jobs in Raleigh have grown 38.5% from 2010-2015, second only to San Francisco and ahead of Austin, Boston, and other innovation hubs.
Amazon's presence transformed the real estate market in Seattle. In July, home prices in the city increased 13.5% compared to last year, according to reports. Mayor McFarlane said it would be part of the discussion if Amazon were to move in because maintaining affordable housing is a priority, but careful planning would help avoid the displacement of residents.
Verizon Wireless said it plans to raise the prices of some of its plans.
Food service workers in Las Vegas are set to take to the Strip Thursday as they demand higher pay and better benefits.
GM President Mark Reuss joined Cheddar News to discuss the company's new Cadillac Escalade electric vehicle and talked about how to make affordable EVs for the general public. "That's who we are as a company -- we will offer vehicles for everybody and every different income level," he said.
Lauren Fix, automotive expert with 'The Car Coach,' spoke with Cheddar News to provide tips and advantages on buying a used vehicle. "You let somebody else take the depreciation, which is probably one of the best things ... you then move in at a two- or three-year-old vehicle that maybe was leased, and you can get some great values," she said.
Disney said it's increasing prices for its ad-free streaming services as the company is losing subscribers and also announced it planned to crack down on password-sharing. Cheddar News' Michelle Castillo broke down Disney's moves.
Lawrence Sprung, a certified financial planner and author of 'Financial Planning Made Personal' shares advice about how to teach kids to use credit wisely.
Disney is cracking down on password sharing for Disney+ users.
Tapestry, the parent company of luxury handbag Coach and Kate Spade, agreed to buy Capri Holdings, the owner of fashion brands including Michael Kors, Versace and Jimmy Choo.
Disney reported a mixed performance in its latest quarterly results.
Inflation in the United States edged up in July after 12 straight months of declines.
