Homepage / Technology / Here’s how cities are reacting to being finalists for Amazon HQ2
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Technology

Here’s how cities are reacting to being finalists for Amazon HQ2

Amazon has whittled down the list of finalists for its second headquarters to 20 metro areas, from a pool of 238 proposals.

The contenders aren’t too surprising, as the front-runners identified by a CNBC analysis are still in the mix. Mayors and elected officials from the finalist cities are making their pitch.

Here’s how representatives for some of the 20 contenders have responded:

“We are pleased that the Austin region has advanced to the second round,” said Mike Berman, a spokesman for the Greater Austin Chamber of Commerce. “We look forward to presenting the best of what our region has to offer and how we can partner with Amazon.”

“I am proud that Boston is on Amazon’s shortlist for its second North American headquarters,” Mayor Marty Walsh said. “As a thriving city with a talented and diverse workforce, culture of innovation and opportunity for all, I see no better city than Boston for Amazon to call their second home.”

“Today’s news makes clear that Amazon recognizes Chicago’s great strengths — access to talent, transportation, higher education, affordability and quality of life, which are the keys to growth and prosperity,” Mayor Rahm Emanuel said. “We are prepared to compete at the next level and the next level after that.”

Mayor Mike Rawlings tweeted:

“My mayorship reflects a generational change that is perfect for receiving a tech company like Amazon. We need to usher in the knowledge-based economy to our city and ensure that it filters down to every resident,” said Mayor Francis Suarez. “I put a call into Jeff Bezos and said I would be willing to fly to Seattle and make a personal pitch. He is from Miami so we would love nothing more for him to have his second HQ in his hometown.”

“Amazon’s decision to place Newark on its short list of 20 municipalities to host its new headquarters is by itself a great victory for our city,” Mayor Ras Baraka said. “This is how we get things done in Newark. We come together as a city and our skill in collaboration is itself something that will enormously benefit Amazon.”

“We didn’t need to offer a huge incentive package in order to make the shortlist. So our strategy is clearly working,” Deputy Mayor Alicia Glen told CNBC’s “Squawk Alley” on Thursday. “If you want to be the most innovative technology company in the 21st century, you want to be in the city that has the most diverse set of companies you can work with. We think New York speaks for itself, and we want to work with them to create the environment they need and have the talent they need to grow.”

Glen said there are cities on the list “that are not really contenders,” adding it’s hard to compare a city the size of Nashville, for example, to New York City.

“Philadelphia’s inclusion in Amazon’s Top 20 potential locations for HQ2 is an exciting milestone for the city,” Mayor Jim Kenney said. “We are thrilled at today’s announcement, and look forward to working with Amazon’s team on the next steps of this process to further highlight all that Philadelphia has to offer.”

“Raleigh is a thriving community that would be attractive for any business, large or small,” Mayor Nancy McFarlane said. “We are proud of the investments and partnerships we’ve made that enhance our many attributes, such as our world-class university system, well-trained workforce, diverse economy, strong infrastructure, and emerging entrepreneurial spirit. We look forward to sharing Raleigh’s unique story with Amazon in the near future and learning about next steps.”

Mayor John Tory tweeted:

“When asked what’s the best city for one of the fastest-growing companies, we answered: #ObviouslyDC,” Mayor Muriel Bowser said. “Making this list reaffirms what we already knew going into the bid process – Washington, DC is no longer a one-company government town, we are a leader in innovation and tech, brimming with top talent and endless opportunity.”

Michigan Governor Rick Snyder said he was disappointed that Detroit didn’t make the cut. Here’s his full statement:

It’s disappointing we will not be welcoming a new Amazon headquarters to Detroit, but appreciate their continued investment and expansion in Michigan, including right in the heart of our Comeback City.

Detroit’s proposal to Amazon was incredible and garnered positive attention for the city from all across the world. As a state we will continue to pursue these types of valuable opportunities for our talented workforce.

We are a top 10 state and we will continue driving to be the best in the nation. There is no limit to what Michiganders can do, and this proposal demonstrated exactly how we can marshal our resources and collaborate. Throughout the process of putting together this bid, we learned our greatest strengths and identified areas where we can improve. Now we are even more ready for the next big prospect.

Michigan’s spirit is unstoppable, and so is our comeback. This won’t set us back — we’re accelerating to the next opportunity. We know it’s out there.

Source: Tech CNBC
Here’s how cities are reacting to being finalists for Amazon HQ2

Comments are closed.