Apple is planning to invest big in the U.S. economy over the next five years. The company announced a $350 billion dollar investment, including the construction of a new campus and the addition of 20,000 new jobs. President Donald Trump is taking credit for this move because of the new tax reform legislation.
Amazon announces a list of 20 candidates for its HQ2. Some of the cities still in the running are Atlanta, Washington D.C., Miami, Los Angeles, and Chicago, just to name a few. The company will make a final decision later this year.
Carter Reum, entrepreneur and author of the new book "Shortcut Your Startup," joins us to share his tips on turning your idea into a successful business. Reum and his brother Courtney have invested in a number of successful startups such as Lyft, Pinterest, and SpaceX. He tells aspiring entrepreneurs to keep a close eye on crowdfunding platforms such as Crowdfunder and CircleUp for good investment advice.
Plus, we get the latest on the fight to preserve net neutrality. Sarah Morris, Director of Open Internet Policy at New America's Open Technology Institute, talks about the lawsuits now facing the FCC in response to its decision to repeal Obama-era regulations.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
