Nashville Councilwoman Calls Amazon's Withdrawal from New York 'Disheartening'
*By Kristen Lee*
A Nashville councilwoman called Amazon's abrupt cancelation of its plan to build a campus in New York City "disheartening" on Thursday, saying it sends a negative signal about the company's willingness to work with local officials.
"It seems like the politicians up there and the local elected officials started asking tough questions, and that's what elected officials are supposed to do ー we're supposed to be stewards of the taxpayer dollars," Councilwoman Kathleen Murphy told Cheddar. "If we ask questions, are they just going to run away?"
Nashville was chosen as the site of a smaller Amazon outpost that will create 5,000 jobs for the city at the same time the e-commerce giant announced its larger "HQ2" campuses in Queens, New York, and suburban Virginia.
Murphy, who has been critical of some of the incentives Nashville is providing Amazon, said debate is important. "We need to have open and transparent conversations so our constituents know what is going on and we know that we're doing what's best for Nashville."
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
