Amazon is searching for a home for its second headquarters in North America. The company expects to create as many as 50,000 high-paying jobs, and cities are lining up to try and win over the tech giant. Governor Chris Sununu of New Hampshire joined us to share the state's strategy for bringing Amazon onto its home turf.
Governor Sununu breaks down what New Hampshire has to offer that other states don't. He emphasizes that he doesn't need to offer big tax breaks like other places, because there is no income tax in New Hampshire. The Governor says Amazon would get all the "benefits of Greater Boston without all the headaches."
Republicans are celebrating the passage of the tax reform bill, which will lower the corporate tax rate. Governor Sununu says this is "just a drop in the bucket" and is one of many factors going into New Hampshire's plan to get Amazon on board. He highlighted that Amazon won’t have to pay a penny for sales tax, resulting in hundreds of millions of extra dollars saved.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
With interest rates high, housing inventory low and Veterans Day just around the corner, Cheddar News took a look at how the current market is impacting those who served and continue to serve our country. Patton Gade, national director of military lending with UMortgage, explains how a VA loan works, its benefits and what's involved in the process of purchasing a home.
Stocks were mixed in Tuesday's early session as Wall Street came off a strong rally last week.
Google on Monday confronted the second major U.S. antitrust trial in two months to cast the internet powerhouse as a brazen bully that uses its immense wealth and people's dependence on one of its main products to stifle competition at consumers' expense.
Hilton Grand said it's in the process of purchasing Bluegreen Vacations in a $1.5 billion deal.
Walt Disney Co. named former PepsiCo veteran Hugh Johnston as its new chief financial officer.
The PlayStation 5 Slim will be reportedly released on Friday.
