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.
Elon Musk disclosed plans for the future for Tesla at the electric vehicle company's annual investor day.
Motorola will be launching a new foldable version of its classic Razr phone later this year.
The cannabis industry is continuing to explode around the world and, at its current pace, is projected to balloon to a market value of nearly $60 billion by 2027, according to cannabis data company BDSA.
Madison Square Garden Network said MSG+ will launch this summer which will cost $30 per month.
Salesforce saw shares rise in afterhours trading after reporting better-than-expected earnings and providing a favorable financial outlook.
U.S. markets ended mostly lower on the first day of March, on data indicating inflation is likely to stay high and Federal Reserve policymakers hinted support for more aggressive rate hikes. Cheddar News speaks with Sam Stovall, Chief Investment Strategist at CFRA who breaks down the market's action.
Nissan has issued a recall of more than 800,000 vehicles in the U.S. and Canada after engine issues were reported.
A report shows that a majority of young adults get their money advice on social media. Kendall Meade, financial planner at SoFi, joined Cheddar News to explain how to vet economic tips on social media.
Ryan Begin, Divert's CEO and co-founder, joined Cheddar News after the company recently received $1 billion infrastructure development agreement with Enbridge to support its efforts to protect the value of food.
John Peyton, CEO, of Dine Brands, parent company of IHOP and Applebee's, joined Cheddar News to discuss the company's latest earnings results and venture into fast casual with the acquisition of Fuzzy’s Taco Shop.
