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.
Some House Democrats will have to vote for McCarthy's bill if enough conservative Republicans keep their word to oppose any compromise.
Blue Bird, a maker of school buses, opened up a production facility to meet the rising demand for electric school buses.
The National Eating Disorders Association said it's replacing its staff with an artificial intelligence chatbot.
Hyundai and LG announced a partnership to build a $4.3 billion electric battery plant in Georgia.
JPMorgan announced job cuts at First Republic Bank, a month after acquiring the company.
AstraZeneca said its cancer-treatment drugs when used following chemotherapy treatment showed positive late-stage trial results for endometrial cancer patients.
The federal government is giving away for free some historic lighthouses and is also auctioning some of them off too.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Elon Musk's brain-implant company Neuralink said it received approval from the Food and Drug Administration to begin human clinical trials.
Aileen Del Cid, head of marketing at Samsung TV Plus, sat down with Cheddar News reporter Michelle Castillo to discuss the platform's plans to stand out from the streaming competition with a new channel featuring Conan O'Brien.
