Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday.World Economyread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
After exploring a potential bid for Amazon's HQ2, the City of San Antonio says it's no longer going to submit a proposal.
The city conducted a "robust review," but has "determined that as aspirational as we are about our community's potential, we simply wouldn't be highly competitive from a real estate and incentives perspective," according to a city spokesperson.
A city spokesperson added that the door is open to Amazon "should they choose to visit, but the types of incentive packages being entertained by other cities are not something our community is willing to entertain at this time."
San Antonio Mayor Ron Nirenberg and Bexar County Judge Nelson Wolff also wrote an open letter to Jeff Bezos explaing their decision, saying, "it's hard to imagine that a forward-thinking company like Amazon hasn't already selected its preferred location," and "the public process is creating a bidding war among states and cities."
"Blindly giving away the farm isn't our style," the letter states.
Responses to Amazon's request for proposals for their HQ2 location are due Oct. 19. The new campus is expected to employ as many as 50,000 people and cost over $5 billion to build and run.
Amazon has stated a few preferences for the bids they are considering. The company is looking at metropolitan areas with more than one million people, with a stable and business friendly environment, urban or suburban locations that can attract talent and communities that think "big and creatively" about real estate options."
The letter from Nirenberg and Judge Wolff also states that no metropolitan area meets all of Amazon's requirements. "That's why so many states and cities are attempting to lure Amazon largely using incentives. It won't surprise anyone if the winning incentive package exceeds the $3 billion that Wisconsin gave Foxconn last month."