Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters.
The plan describes sites that cover around 21 acres, some owned by the San Jose Redevelopment Agency, others by the City of San Jose.
"Google will pay full freight for land, taxes, fees, and additional community benefits like affordable housing, in stark contrast to other cities handing out billions in local tax dollars to attract big companies," San Jose Mayor Sam Liccardo said in a statement. "We offered Google no subsidies, and they didn't ask for them."
The city's statement reads like a swipe against Amazon, which spent more than a year soliciting cities to offer perks to land its new new headquarters, then announced earlier this month that it would split the headquarters between Arlington, Va., and Queens, New York. Amazon could net $2.2 billion in tax incentives from local governments for those offices, plus a third office in Nashville, Tenn.
The San Jose City Council will vote on whether to sell the parcels of land to Google on December 4.
Google has previously said that its mixed-use campus will accommodate 15,000 to 20,000 employees and include offices, retail space, and thousands of residential units.
The project has drawn some controversy.
Proponents of the deal expect it to revitalize San Jose, which is the only major U.S. city that has a higher population at night than it does during the day, reflecting its status as a commuter community despite its population of over 1 million. Critics fear it could exacerbate gentrification and inequality in the area.
Earlier this month, two non-profit groups sued the city, alleging that nondisclosure agreements that officials signed about the land deal were illegal.