Category: Business
-
Metropolitan areas are revitalizing their downtown districts by repurposing office spaces into residential units.
On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills. The building, empty since 2021, is being converted to 588 market-rate rental apartments that will…
-
In Wisconsin, Microsoft has agreed to purchase a Foxconn parcel for $50 million.
Microsoft has agreed to buy a $50 million parcel of land in southeastern Wisconsin meant for Foxconn after the world’s largest electronics manufacturer failed to fulfill grandiose promises to build a massive facility that would employ thousands of workers. Microsoft plans to build a $1 billion data center on the 315-acre (127-hectare) parcel in Mount…
-
By launching its first flagship store, Apple Inc is placing a significant bet on India.
Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company’s growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. The company’s CEO Tim Cook posed for photos with a few of the 100 or so Apple fans who had…
-
The United States is investing in alternative solar technologies to provide more solar options for people who rent their homes.
The Biden administration announced more than $80 million in funding Thursday in a push to produce more solar panels in the U.S., make solar energy available to more people, and pursue superior alternatives to the ubiquitous sparkly panels made with silicon. The Department of Energy announced the investments in the morning and Energy Secretary Jennifer…
-
According to Jassy, the CEO of Amazon, artificial intelligence (AI) will play a significant role in the company’s future success.
Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was “spending heavily” on AI tools that have gained popularity in recent months. In the letter, Jassy described 2022 as “one of the harder macroeconomic years in recent memory”…