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Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs
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07:44","market":"us","language":"en","title":"Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs","url":"https://stock-news.laohu8.com/highlight/detail?id=2316977187","media":"Bloomberg","summary":"Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to a","content":"<html><head></head><body><p>Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to account for remote work.</p><p>John Schoettler, Amazon’s real estate chief, confirmed the pause in a statement to Bloomberg News. Schoettler said the company remains committed to Arlington, Virginia, where by 2030 Amazon has committed to spend $2.5 billion and hire some 25,000 workers. But the construction moratorium will delay the online retailer’s full arrival at its biggest real estate project, and could create headaches for local developers, as well as construction and service workers banking on Amazon’s rapid expansion.</p><p>The first phase of the campus that the company calls HQ2 is nearing completion and will be finished and occupied as planned. Amazon, which says it now has more than 8,000 workers in the area, expects to start moving those employees to two newly completed office towers in a 2.1-million-square-foot development called Metropolitan Park, near the Pentagon and Ronald Reagan Washington National Airport, in June.</p><p>The delay affects a larger phase across the street. It calls for three, 22-story office towers and the 350-foot-tall (107-meter) Helix, a corporate conference center and indoor garden designed to echo the Spheres, plant-filled orbs at the heart of the company’s Seattle headquarters. Arlington officials granted the 2.8-million-square-foot project, called PenPlace, its most important approval in April.</p><p>JBG Smith Properties, the developer working on the project, dropped as much as 8% to a record low. Amazon gained almost 3% in New York.</p><p>Amazon and its developers had at one point considered starting to dig the foundations and underground parking garage of that block immediately following the vote, according to a person familiar with the plans, who requested anonymity to discuss confidential deliberations. The company says it had targeted the first months of 2023 for a formal groundbreaking.</p><p>That is now paused, and Schoettler didn’t specify a new start date.</p><p>“We’re always evaluating space plans to make sure they fit our business needs and to create a great experience for employees,” he said in a statement. “And since Met Park will have space to accommodate more than 14,000 employees, we’ve decided to shift the groundbreaking of PenPlace out a bit.”</p><p>Amazon and JBG Smith Properties had for months been discussing modifying the PenPlace plans, in part to speed construction of some elements to meet commitments the company made to provide community benefits, said the person. Those include things like hosting a high school geared toward adults and building a public plaza, bike path and retail space.</p><p>In an extended delay, Amazon will likely have to modify those arrangements. Plans for the site approved by the county require the company to meet construction and permitting milestones by April 2025, unless the officials grant an extension. The company expects roughly three years between groundbreaking and the arrival of the first employees in a completed office tower.</p><p>Arlington County Board Chair Christian Dorsey said he spoke with Amazon representatives before the delay became public Friday morning. They didn’t offer a new construction timeline, he said, but indicated that Amazon would proceed this year with permitting on the second phase of HQ2, indicating to him that they could begin construction in 2024.</p><p>He said the company is ahead of schedule on its local hiring goals and that he’s confident that Amazon will proceed with the second phase as planned, including the public benefits it has promised.</p><p>“It’s just going to take a little longer to realize,” Dorsey said.</p><p>JBG Smith Chief Executive Officer Matt Kelly said in a statement that he was encouraged by Amazon’s “recently reaffirmed commitment to its second headquarters project,” adding that related work continues on a nearby college campus and apartment units.</p><p>Amazon in 2017 announced plans for a second headquarters that would ultimately house 50,000 employees, prompting cities around North America to bid ferociously for the project. After evaluating dozens of proposals, the company announced it would split the campus between New York and Northern Virginia, but opposition from local politicians and union officials prompted executives to abandon New York. Government entities in Virginia committed to roughly $800 million in tax breaks and infrastructure improvements over 15 years in exchange for 25,000 of those workers.</p><p>Amazon grew rapidly during the pandemic, but has started to reassess real estate projects to account for the likelihood that some office roles will be performed remotely — at least part-time — for many years. The company last year froze most corporate hiring and began a round of layoffs that will ultimately total about 18,000 workers.</p><p>Meanwhile, construction projects in Bellevue, Washington, near Seattle, and in Nashville, Tennessee, were paused while Amazon teams redesigned buildings. Last month, Amazon Chief Executive Officer Andy Jassy said the company would require most employees to begin spending a minimum of three days a week in the office. That policy that takes effect in May.</p><p>“Our second headquarters has always been a multiyear project, and we remain committed to Arlington, Virginia, and the greater Capital Region – which includes investing in affordable housing, funding computer science education in schools across the region, and supporting dozens of local nonprofits,” Schoettler said. “We appreciate the support of all our partners and neighbors, and look forward to continuing to work together in the years ahead.”</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-04 07:44 GMT+8 <a href=https://finance.yahoo.com/news/amazon-pauses-construction-second-headquarters-155247825.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amazon-pauses-construction-second-headquarters-155247825.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/amazon-pauses-construction-second-headquarters-155247825.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316977187","content_text":"Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to account for remote work.John Schoettler, Amazon’s real estate chief, confirmed the pause in a statement to Bloomberg News. Schoettler said the company remains committed to Arlington, Virginia, where by 2030 Amazon has committed to spend $2.5 billion and hire some 25,000 workers. But the construction moratorium will delay the online retailer’s full arrival at its biggest real estate project, and could create headaches for local developers, as well as construction and service workers banking on Amazon’s rapid expansion.The first phase of the campus that the company calls HQ2 is nearing completion and will be finished and occupied as planned. Amazon, which says it now has more than 8,000 workers in the area, expects to start moving those employees to two newly completed office towers in a 2.1-million-square-foot development called Metropolitan Park, near the Pentagon and Ronald Reagan Washington National Airport, in June.The delay affects a larger phase across the street. It calls for three, 22-story office towers and the 350-foot-tall (107-meter) Helix, a corporate conference center and indoor garden designed to echo the Spheres, plant-filled orbs at the heart of the company’s Seattle headquarters. Arlington officials granted the 2.8-million-square-foot project, called PenPlace, its most important approval in April.JBG Smith Properties, the developer working on the project, dropped as much as 8% to a record low. Amazon gained almost 3% in New York.Amazon and its developers had at one point considered starting to dig the foundations and underground parking garage of that block immediately following the vote, according to a person familiar with the plans, who requested anonymity to discuss confidential deliberations. The company says it had targeted the first months of 2023 for a formal groundbreaking.That is now paused, and Schoettler didn’t specify a new start date.“We’re always evaluating space plans to make sure they fit our business needs and to create a great experience for employees,” he said in a statement. “And since Met Park will have space to accommodate more than 14,000 employees, we’ve decided to shift the groundbreaking of PenPlace out a bit.”Amazon and JBG Smith Properties had for months been discussing modifying the PenPlace plans, in part to speed construction of some elements to meet commitments the company made to provide community benefits, said the person. Those include things like hosting a high school geared toward adults and building a public plaza, bike path and retail space.In an extended delay, Amazon will likely have to modify those arrangements. Plans for the site approved by the county require the company to meet construction and permitting milestones by April 2025, unless the officials grant an extension. The company expects roughly three years between groundbreaking and the arrival of the first employees in a completed office tower.Arlington County Board Chair Christian Dorsey said he spoke with Amazon representatives before the delay became public Friday morning. They didn’t offer a new construction timeline, he said, but indicated that Amazon would proceed this year with permitting on the second phase of HQ2, indicating to him that they could begin construction in 2024.He said the company is ahead of schedule on its local hiring goals and that he’s confident that Amazon will proceed with the second phase as planned, including the public benefits it has promised.“It’s just going to take a little longer to realize,” Dorsey said.JBG Smith Chief Executive Officer Matt Kelly said in a statement that he was encouraged by Amazon’s “recently reaffirmed commitment to its second headquarters project,” adding that related work continues on a nearby college campus and apartment units.Amazon in 2017 announced plans for a second headquarters that would ultimately house 50,000 employees, prompting cities around North America to bid ferociously for the project. After evaluating dozens of proposals, the company announced it would split the campus between New York and Northern Virginia, but opposition from local politicians and union officials prompted executives to abandon New York. Government entities in Virginia committed to roughly $800 million in tax breaks and infrastructure improvements over 15 years in exchange for 25,000 of those workers.Amazon grew rapidly during the pandemic, but has started to reassess real estate projects to account for the likelihood that some office roles will be performed remotely — at least part-time — for many years. The company last year froze most corporate hiring and began a round of layoffs that will ultimately total about 18,000 workers.Meanwhile, construction projects in Bellevue, Washington, near Seattle, and in Nashville, Tennessee, were paused while Amazon teams redesigned buildings. Last month, Amazon Chief Executive Officer Andy Jassy said the company would require most employees to begin spending a minimum of three days a week in the office. That policy that takes effect in May.“Our second headquarters has always been a multiyear project, and we remain committed to Arlington, Virginia, and the greater Capital Region – which includes investing in affordable housing, funding computer science education in schools across the region, and supporting dozens of local nonprofits,” Schoettler said. “We appreciate the support of all our partners and neighbors, and look forward to continuing to work together in the years ahead.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940557001,"gmtCreate":1678067559604,"gmtModify":1678069445673,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940557001","repostId":"1121149093","repostType":4,"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":262212287213776,"gmtCreate":1705051445577,"gmtModify":1705051449951,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🐯🐯🐯🐯🐯","listText":"🐯🐯🐯🐯🐯","text":"🐯🐯🐯🐯🐯","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/262212287213776","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944211093,"gmtCreate":1681866921812,"gmtModify":1681866925675,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🐯🐯🐯🔥🔥🔥","listText":"🐯🐯🐯🔥🔥🔥","text":"🐯🐯🐯🔥🔥🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944211093","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944875256,"gmtCreate":1681808912775,"gmtModify":1681808916149,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🐯🐯🐯🔥🔥🔥","listText":"🐯🐯🐯🔥🔥🔥","text":"🐯🐯🐯🔥🔥🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944875256","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944307406,"gmtCreate":1681693713506,"gmtModify":1681693718778,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🐯🐯🐯🔥🔥🔥","listText":"🐯🐯🐯🔥🔥🔥","text":"🐯🐯🐯🔥🔥🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944307406","isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9945523403,"gmtCreate":1681520790903,"gmtModify":1681520796140,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🐯🐯🐯🔥🔥🔥","listText":"🐯🐯🐯🔥🔥🔥","text":"🐯🐯🐯🔥🔥🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945523403","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942492789,"gmtCreate":1681268220541,"gmtModify":1681268225783,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🐯🐯🐯🔥🔥🔥","listText":"🐯🐯🐯🔥🔥🔥","text":"🐯🐯🐯🔥🔥🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commen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data loom as investors wrestle with rising interest rate expectations in the week ahead.</span></p><p>There will be no rest for investors this coming week as they await a marquee report on the state of the U.S. labor market, along with biannual Congressional testimony from Federal Reserve Chairman Jerome Powell.</p><p>Further complicating things, investors will also be watching to see how stocks react to more attractive risk-free returns in the bond market after the yield on the 10-year Treasury note last week temporarily topped the 4% threshold, with many expecting it to climb even further.</p><h2>Was January's jobs number a 'fluke'?</h2><p>On the economic data front, the most important question that investors will be looking to answer is whether January's huge job gains continued in February. The U.S. economy added 517,000 jobs in January, according to the Labor Department, far outstripping expectations and setting in motion a market rethink on just how high the Federal Reserve will take interest rates in its effort to bring down inflation.</p><p>Since then, weekly jobless benefit claims have continued to show few Americans filing for unemployment benefits, fueling expectations that another blockbuster gain in jobs could be due in the data for February next Friday, which in turn could force the Federal Reserve to resort to even more aggressive interest rate hikes, according to Steve Sosnick, chief strategist at Interactive Brokers, during a phone call with MarketWatch.</p><p>"Will it turn out that the number we got last month was a fluke? Or is this part of a new trend?," Sosnick said.</p><h2>What will Powell say?</h2><p>Investors haven't heard from Powell since he participated in a Q&A at the Economic Club of Washington on Feb. 7.</p><p>During his back-and-forth with private-equity billionaire David Rubenstein, Powell reiterated that signs of disinflation are emerging, although he acknowledged the journey back to the Fed's 2% target would likely be "bumpy."</p><p>Since then, a run of hotter-than-expected inflation reports showed that a streak of waning price pressures might be coming to an end.</p><p>The cost of living rose 0.5% in January, the biggest increase in three months, according to the consumer-price index released Feb. 14. The annual rate of inflation, meanwhile, slowed again to 6.4% from 6.5%, but economists had expected an even larger decline. The January producer-price index and the core personal consumption expenditure index, the Fed's favored inflation measure, also came in hotter than expected.</p><p>As a result, investors will be listening closely to Powell to see what the Fed chair has to say about the central bank's efforts to crush inflation when he heads to Capitol Hill on Tuesday for testimony before the Senate Banking Committee, followed by testimony before the House Financial Services Committee a day later.</p><p>"If the Fed truly is data dependent, the latest inflation data hasn't been at all what the Fed wants to see. So how will Powell dance around that?" Sosnick told MarketWatch, in a phone interview.</p><h2>How will stocks respond to higher yields?</h2><p>On top of the economic data and commentary from Powell, investors will also be watching to see how higher bond yields will impact equities.</p><p>The fact that investors can now earn a yield north of 5% by simply buying six-month Treasury bills means stocks are now facing major competition from a far less risky asset class, according to Callie Cox, U.S. investment analyst at eToro.</p><p>What's more, many on Wall Street expect bond yields to continue to climb, potentially adding to the pressure facing U.S. equity benchmarks like the S&P 500 index , Nasdaq Composite and Dow Jones Industrial Average .</p><p>"We expect the adjustment in rates is not over," according to a team of economists at Mizuho Securities.</p><h2>Uncertainty abounds</h2><p>Investors started the year with expectations that the Fed could cut interest rates as soon as this fall. However, hotter-than-expected economic data and warnings about more rate hikes from Fed officials have since tempered that view.</p><p>To wit, moves in Fed funds futures suggest investors see a much lower likelihood of rate cuts later this year, according to the CME's FedWatch tool. while the fed-funds rate is seen peaking well above 5%.</p><p>It remains to be seen exactly how far the Fed will hike interest rates. Some are betting that the central bank could eventually raise its policy rate as high as 6%, or perhaps even higher, according to Mohannad Aama, a portfolio manager at Beam Capital.</p><p>"There's still so much uncertainty," Aama said.</p><p>Because of this, every data point could potentially influence investors' expectations about how far rates will rise, potentially delivering a hit, or boost, to stocks, he said.</p><p>U.S. stocks suffered in February, with major indexes losing ground and denting an early 2023 rally. However, stocks bounced last week, however, with the Dow snapping a run of four straight weekly losses and the S&P 500 breaking a three-week streak.</p><p>The Dow rose 1.8% last week, while the S&P 500 advanced 1.9% and the Nasdaq Composite added 2%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Faces Crucial Test This Week: 3 Questions That Could Decide Rally’s Fate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Faces Crucial Test This Week: 3 Questions That Could Decide Rally’s Fate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-06 06:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Jobs data, remarks by Fed's Powell and rising Treasury yields set the stage</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76ce6bdebef8b1c5c18b4b32cfb064b6\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"/><span>Jerome Powell testifies and U.S. February jobs data loom as investors wrestle with rising interest rate expectations in the week ahead.</span></p><p>There will be no rest for investors this coming week as they await a marquee report on the state of the U.S. labor market, along with biannual Congressional testimony from Federal Reserve Chairman Jerome Powell.</p><p>Further complicating things, investors will also be watching to see how stocks react to more attractive risk-free returns in the bond market after the yield on the 10-year Treasury note last week temporarily topped the 4% threshold, with many expecting it to climb even further.</p><h2>Was January's jobs number a 'fluke'?</h2><p>On the economic data front, the most important question that investors will be looking to answer is whether January's huge job gains continued in February. The U.S. economy added 517,000 jobs in January, according to the Labor Department, far outstripping expectations and setting in motion a market rethink on just how high the Federal Reserve will take interest rates in its effort to bring down inflation.</p><p>Since then, weekly jobless benefit claims have continued to show few Americans filing for unemployment benefits, fueling expectations that another blockbuster gain in jobs could be due in the data for February next Friday, which in turn could force the Federal Reserve to resort to even more aggressive interest rate hikes, according to Steve Sosnick, chief strategist at Interactive Brokers, during a phone call with MarketWatch.</p><p>"Will it turn out that the number we got last month was a fluke? Or is this part of a new trend?," Sosnick said.</p><h2>What will Powell say?</h2><p>Investors haven't heard from Powell since he participated in a Q&A at the Economic Club of Washington on Feb. 7.</p><p>During his back-and-forth with private-equity billionaire David Rubenstein, Powell reiterated that signs of disinflation are emerging, although he acknowledged the journey back to the Fed's 2% target would likely be "bumpy."</p><p>Since then, a run of hotter-than-expected inflation reports showed that a streak of waning price pressures might be coming to an end.</p><p>The cost of living rose 0.5% in January, the biggest increase in three months, according to the consumer-price index released Feb. 14. The annual rate of inflation, meanwhile, slowed again to 6.4% from 6.5%, but economists had expected an even larger decline. The January producer-price index and the core personal consumption expenditure index, the Fed's favored inflation measure, also came in hotter than expected.</p><p>As a result, investors will be listening closely to Powell to see what the Fed chair has to say about the central bank's efforts to crush inflation when he heads to Capitol Hill on Tuesday for testimony before the Senate Banking Committee, followed by testimony before the House Financial Services Committee a day later.</p><p>"If the Fed truly is data dependent, the latest inflation data hasn't been at all what the Fed wants to see. So how will Powell dance around that?" Sosnick told MarketWatch, in a phone interview.</p><h2>How will stocks respond to higher yields?</h2><p>On top of the economic data and commentary from Powell, investors will also be watching to see how higher bond yields will impact equities.</p><p>The fact that investors can now earn a yield north of 5% by simply buying six-month Treasury bills means stocks are now facing major competition from a far less risky asset class, according to Callie Cox, U.S. investment analyst at eToro.</p><p>What's more, many on Wall Street expect bond yields to continue to climb, potentially adding to the pressure facing U.S. equity benchmarks like the S&P 500 index , Nasdaq Composite and Dow Jones Industrial Average .</p><p>"We expect the adjustment in rates is not over," according to a team of economists at Mizuho Securities.</p><h2>Uncertainty abounds</h2><p>Investors started the year with expectations that the Fed could cut interest rates as soon as this fall. However, hotter-than-expected economic data and warnings about more rate hikes from Fed officials have since tempered that view.</p><p>To wit, moves in Fed funds futures suggest investors see a much lower likelihood of rate cuts later this year, according to the CME's FedWatch tool. while the fed-funds rate is seen peaking well above 5%.</p><p>It remains to be seen exactly how far the Fed will hike interest rates. Some are betting that the central bank could eventually raise its policy rate as high as 6%, or perhaps even higher, according to Mohannad Aama, a portfolio manager at Beam Capital.</p><p>"There's still so much uncertainty," Aama said.</p><p>Because of this, every data point could potentially influence investors' expectations about how far rates will rise, potentially delivering a hit, or boost, to stocks, he said.</p><p>U.S. stocks suffered in February, with major indexes losing ground and denting an early 2023 rally. However, stocks bounced last week, however, with the Dow snapping a run of four straight weekly losses and the S&P 500 breaking a three-week streak.</p><p>The Dow rose 1.8% last week, while the S&P 500 advanced 1.9% and the Nasdaq Composite added 2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317250161","content_text":"Jobs data, remarks by Fed's Powell and rising Treasury yields set the stageJerome Powell testifies and U.S. February jobs data loom as investors wrestle with rising interest rate expectations in the week ahead.There will be no rest for investors this coming week as they await a marquee report on the state of the U.S. labor market, along with biannual Congressional testimony from Federal Reserve Chairman Jerome Powell.Further complicating things, investors will also be watching to see how stocks react to more attractive risk-free returns in the bond market after the yield on the 10-year Treasury note last week temporarily topped the 4% threshold, with many expecting it to climb even further.Was January's jobs number a 'fluke'?On the economic data front, the most important question that investors will be looking to answer is whether January's huge job gains continued in February. The U.S. economy added 517,000 jobs in January, according to the Labor Department, far outstripping expectations and setting in motion a market rethink on just how high the Federal Reserve will take interest rates in its effort to bring down inflation.Since then, weekly jobless benefit claims have continued to show few Americans filing for unemployment benefits, fueling expectations that another blockbuster gain in jobs could be due in the data for February next Friday, which in turn could force the Federal Reserve to resort to even more aggressive interest rate hikes, according to Steve Sosnick, chief strategist at Interactive Brokers, during a phone call with MarketWatch.\"Will it turn out that the number we got last month was a fluke? Or is this part of a new trend?,\" Sosnick said.What will Powell say?Investors haven't heard from Powell since he participated in a Q&A at the Economic Club of Washington on Feb. 7.During his back-and-forth with private-equity billionaire David Rubenstein, Powell reiterated that signs of disinflation are emerging, although he acknowledged the journey back to the Fed's 2% target would likely be \"bumpy.\"Since then, a run of hotter-than-expected inflation reports showed that a streak of waning price pressures might be coming to an end.The cost of living rose 0.5% in January, the biggest increase in three months, according to the consumer-price index released Feb. 14. The annual rate of inflation, meanwhile, slowed again to 6.4% from 6.5%, but economists had expected an even larger decline. The January producer-price index and the core personal consumption expenditure index, the Fed's favored inflation measure, also came in hotter than expected.As a result, investors will be listening closely to Powell to see what the Fed chair has to say about the central bank's efforts to crush inflation when he heads to Capitol Hill on Tuesday for testimony before the Senate Banking Committee, followed by testimony before the House Financial Services Committee a day later.\"If the Fed truly is data dependent, the latest inflation data hasn't been at all what the Fed wants to see. So how will Powell dance around that?\" Sosnick told MarketWatch, in a phone interview.How will stocks respond to higher yields?On top of the economic data and commentary from Powell, investors will also be watching to see how higher bond yields will impact equities.The fact that investors can now earn a yield north of 5% by simply buying six-month Treasury bills means stocks are now facing major competition from a far less risky asset class, according to Callie Cox, U.S. investment analyst at eToro.What's more, many on Wall Street expect bond yields to continue to climb, potentially adding to the pressure facing U.S. equity benchmarks like the S&P 500 index , Nasdaq Composite and Dow Jones Industrial Average .\"We expect the adjustment in rates is not over,\" according to a team of economists at Mizuho Securities.Uncertainty aboundsInvestors started the year with expectations that the Fed could cut interest rates as soon as this fall. However, hotter-than-expected economic data and warnings about more rate hikes from Fed officials have since tempered that view.To wit, moves in Fed funds futures suggest investors see a much lower likelihood of rate cuts later this year, according to the CME's FedWatch tool. while the fed-funds rate is seen peaking well above 5%.It remains to be seen exactly how far the Fed will hike interest rates. Some are betting that the central bank could eventually raise its policy rate as high as 6%, or perhaps even higher, according to Mohannad Aama, a portfolio manager at Beam Capital.\"There's still so much uncertainty,\" Aama said.Because of this, every data point could potentially influence investors' expectations about how far rates will rise, potentially delivering a hit, or boost, to stocks, he said.U.S. stocks suffered in February, with major indexes losing ground and denting an early 2023 rally. However, stocks bounced last week, however, with the Dow snapping a run of four straight weekly losses and the S&P 500 breaking a three-week streak.The Dow rose 1.8% last week, while the S&P 500 advanced 1.9% and the Nasdaq Composite added 2%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940557631,"gmtCreate":1678067718623,"gmtModify":1678071052752,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940557631","repostId":"2316977187","repostType":4,"repost":{"id":"2316977187","pubTimestamp":1677887083,"share":"https://ttm.financial/m/news/2316977187?lang=&edition=fundamental","pubTime":"2023-03-04 07:44","market":"us","language":"en","title":"Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs","url":"https://stock-news.laohu8.com/highlight/detail?id=2316977187","media":"Bloomberg","summary":"Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to a","content":"<html><head></head><body><p>Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to account for remote work.</p><p>John Schoettler, Amazon’s real estate chief, confirmed the pause in a statement to Bloomberg News. Schoettler said the company remains committed to Arlington, Virginia, where by 2030 Amazon has committed to spend $2.5 billion and hire some 25,000 workers. But the construction moratorium will delay the online retailer’s full arrival at its biggest real estate project, and could create headaches for local developers, as well as construction and service workers banking on Amazon’s rapid expansion.</p><p>The first phase of the campus that the company calls HQ2 is nearing completion and will be finished and occupied as planned. Amazon, which says it now has more than 8,000 workers in the area, expects to start moving those employees to two newly completed office towers in a 2.1-million-square-foot development called Metropolitan Park, near the Pentagon and Ronald Reagan Washington National Airport, in June.</p><p>The delay affects a larger phase across the street. It calls for three, 22-story office towers and the 350-foot-tall (107-meter) Helix, a corporate conference center and indoor garden designed to echo the Spheres, plant-filled orbs at the heart of the company’s Seattle headquarters. Arlington officials granted the 2.8-million-square-foot project, called PenPlace, its most important approval in April.</p><p>JBG Smith Properties, the developer working on the project, dropped as much as 8% to a record low. Amazon gained almost 3% in New York.</p><p>Amazon and its developers had at one point considered starting to dig the foundations and underground parking garage of that block immediately following the vote, according to a person familiar with the plans, who requested anonymity to discuss confidential deliberations. The company says it had targeted the first months of 2023 for a formal groundbreaking.</p><p>That is now paused, and Schoettler didn’t specify a new start date.</p><p>“We’re always evaluating space plans to make sure they fit our business needs and to create a great experience for employees,” he said in a statement. “And since Met Park will have space to accommodate more than 14,000 employees, we’ve decided to shift the groundbreaking of PenPlace out a bit.”</p><p>Amazon and JBG Smith Properties had for months been discussing modifying the PenPlace plans, in part to speed construction of some elements to meet commitments the company made to provide community benefits, said the person. Those include things like hosting a high school geared toward adults and building a public plaza, bike path and retail space.</p><p>In an extended delay, Amazon will likely have to modify those arrangements. Plans for the site approved by the county require the company to meet construction and permitting milestones by April 2025, unless the officials grant an extension. The company expects roughly three years between groundbreaking and the arrival of the first employees in a completed office tower.</p><p>Arlington County Board Chair Christian Dorsey said he spoke with Amazon representatives before the delay became public Friday morning. They didn’t offer a new construction timeline, he said, but indicated that Amazon would proceed this year with permitting on the second phase of HQ2, indicating to him that they could begin construction in 2024.</p><p>He said the company is ahead of schedule on its local hiring goals and that he’s confident that Amazon will proceed with the second phase as planned, including the public benefits it has promised.</p><p>“It’s just going to take a little longer to realize,” Dorsey said.</p><p>JBG Smith Chief Executive Officer Matt Kelly said in a statement that he was encouraged by Amazon’s “recently reaffirmed commitment to its second headquarters project,” adding that related work continues on a nearby college campus and apartment units.</p><p>Amazon in 2017 announced plans for a second headquarters that would ultimately house 50,000 employees, prompting cities around North America to bid ferociously for the project. After evaluating dozens of proposals, the company announced it would split the campus between New York and Northern Virginia, but opposition from local politicians and union officials prompted executives to abandon New York. Government entities in Virginia committed to roughly $800 million in tax breaks and infrastructure improvements over 15 years in exchange for 25,000 of those workers.</p><p>Amazon grew rapidly during the pandemic, but has started to reassess real estate projects to account for the likelihood that some office roles will be performed remotely — at least part-time — for many years. The company last year froze most corporate hiring and began a round of layoffs that will ultimately total about 18,000 workers.</p><p>Meanwhile, construction projects in Bellevue, Washington, near Seattle, and in Nashville, Tennessee, were paused while Amazon teams redesigned buildings. Last month, Amazon Chief Executive Officer Andy Jassy said the company would require most employees to begin spending a minimum of three days a week in the office. That policy that takes effect in May.</p><p>“Our second headquarters has always been a multiyear project, and we remain committed to Arlington, Virginia, and the greater Capital Region – which includes investing in affordable housing, funding computer science education in schools across the region, and supporting dozens of local nonprofits,” Schoettler said. “We appreciate the support of all our partners and neighbors, and look forward to continuing to work together in the years ahead.”</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-04 07:44 GMT+8 <a href=https://finance.yahoo.com/news/amazon-pauses-construction-second-headquarters-155247825.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amazon-pauses-construction-second-headquarters-155247825.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/amazon-pauses-construction-second-headquarters-155247825.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316977187","content_text":"Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides with the company’s deepest ever job cuts and a reassessment of office needs to account for remote work.John Schoettler, Amazon’s real estate chief, confirmed the pause in a statement to Bloomberg News. Schoettler said the company remains committed to Arlington, Virginia, where by 2030 Amazon has committed to spend $2.5 billion and hire some 25,000 workers. But the construction moratorium will delay the online retailer’s full arrival at its biggest real estate project, and could create headaches for local developers, as well as construction and service workers banking on Amazon’s rapid expansion.The first phase of the campus that the company calls HQ2 is nearing completion and will be finished and occupied as planned. Amazon, which says it now has more than 8,000 workers in the area, expects to start moving those employees to two newly completed office towers in a 2.1-million-square-foot development called Metropolitan Park, near the Pentagon and Ronald Reagan Washington National Airport, in June.The delay affects a larger phase across the street. It calls for three, 22-story office towers and the 350-foot-tall (107-meter) Helix, a corporate conference center and indoor garden designed to echo the Spheres, plant-filled orbs at the heart of the company’s Seattle headquarters. Arlington officials granted the 2.8-million-square-foot project, called PenPlace, its most important approval in April.JBG Smith Properties, the developer working on the project, dropped as much as 8% to a record low. Amazon gained almost 3% in New York.Amazon and its developers had at one point considered starting to dig the foundations and underground parking garage of that block immediately following the vote, according to a person familiar with the plans, who requested anonymity to discuss confidential deliberations. The company says it had targeted the first months of 2023 for a formal groundbreaking.That is now paused, and Schoettler didn’t specify a new start date.“We’re always evaluating space plans to make sure they fit our business needs and to create a great experience for employees,” he said in a statement. “And since Met Park will have space to accommodate more than 14,000 employees, we’ve decided to shift the groundbreaking of PenPlace out a bit.”Amazon and JBG Smith Properties had for months been discussing modifying the PenPlace plans, in part to speed construction of some elements to meet commitments the company made to provide community benefits, said the person. Those include things like hosting a high school geared toward adults and building a public plaza, bike path and retail space.In an extended delay, Amazon will likely have to modify those arrangements. Plans for the site approved by the county require the company to meet construction and permitting milestones by April 2025, unless the officials grant an extension. The company expects roughly three years between groundbreaking and the arrival of the first employees in a completed office tower.Arlington County Board Chair Christian Dorsey said he spoke with Amazon representatives before the delay became public Friday morning. They didn’t offer a new construction timeline, he said, but indicated that Amazon would proceed this year with permitting on the second phase of HQ2, indicating to him that they could begin construction in 2024.He said the company is ahead of schedule on its local hiring goals and that he’s confident that Amazon will proceed with the second phase as planned, including the public benefits it has promised.“It’s just going to take a little longer to realize,” Dorsey said.JBG Smith Chief Executive Officer Matt Kelly said in a statement that he was encouraged by Amazon’s “recently reaffirmed commitment to its second headquarters project,” adding that related work continues on a nearby college campus and apartment units.Amazon in 2017 announced plans for a second headquarters that would ultimately house 50,000 employees, prompting cities around North America to bid ferociously for the project. After evaluating dozens of proposals, the company announced it would split the campus between New York and Northern Virginia, but opposition from local politicians and union officials prompted executives to abandon New York. Government entities in Virginia committed to roughly $800 million in tax breaks and infrastructure improvements over 15 years in exchange for 25,000 of those workers.Amazon grew rapidly during the pandemic, but has started to reassess real estate projects to account for the likelihood that some office roles will be performed remotely — at least part-time — for many years. The company last year froze most corporate hiring and began a round of layoffs that will ultimately total about 18,000 workers.Meanwhile, construction projects in Bellevue, Washington, near Seattle, and in Nashville, Tennessee, were paused while Amazon teams redesigned buildings. Last month, Amazon Chief Executive Officer Andy Jassy said the company would require most employees to begin spending a minimum of three days a week in the office. That policy that takes effect in May.“Our second headquarters has always been a multiyear project, and we remain committed to Arlington, Virginia, and the greater Capital Region – which includes investing in affordable housing, funding computer science education in schools across the region, and supporting dozens of local nonprofits,” Schoettler said. “We appreciate the support of all our partners and neighbors, and look forward to continuing to work together in the years ahead.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940557001,"gmtCreate":1678067559604,"gmtModify":1678069445673,"author":{"id":"3579773042961688","authorId":"3579773042961688","name":"Derrick_tq","avatar":"https://community-static.tradeup.com/news/4b1387455f8e0b7cebe80c87050399c3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579773042961688","authorIdStr":"3579773042961688"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940557001","repostId":"1121149093","repostType":4,"repost":{"id":"1121149093","pubTimestamp":1677977231,"share":"https://ttm.financial/m/news/1121149093?lang=&edition=fundamental","pubTime":"2023-03-05 08:47","market":"us","language":"en","title":"Apple, C3.Ai Make Waves in the Active AI Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=1121149093","media":"Seeking Alpha","summary":"The artificial intelligence market remained active this week, as C3.ai (NYSE:AI) and Broadcom (AVGO)","content":"<html><head></head><body><p>The artificial intelligence market remained active this week, as C3.ai (NYSE:AI) and Broadcom (AVGO) both reported quarterly results that got on investors' good sides, in part due to those companies' opportunities in AI technology.</p><p>But, before getting to those two, let's take a look at Apple (NASDAQ:AAPL).</p><p>Apple (AAPL) didn't do anything to incorporate AI into its products, software or services. What it did do what clamp down on BlueMail, an email app that uses ChatGPT, currently the best-known of AI technologies. Apple (AAPL) put the brakes on an update to BlueMail app in its App Store on the grounds that its customizes ChatGPT language model, called GPT-3 opens the app up to potentially delivering inappropriate content to minors.</p><p>BlueMail's app comes with an age-restriction level of 4 years and younger; Apple (AAPL) has asked Blix, the company that developed BlueMail, to raised the app's age level to 17.</p><p>Meanwhile, Apple (AAPL), along with Microsoft (MSFT) and Nvidia (NVDA), got some high marks regarding AI from Bank of America, which came out with a list of 15 companies that are "likely beneficiaries" of AI technology.</p><p>BofA said Apple (AAPL) is in a good position due to licensing the search engine on its iOS mobile device operating systems. Microsoft (MSFT) got props for its integration of OpenAI, the company behind ChatGPT technology, and Nvidia (NVDA) was cited for its graphics processing units [GPUs]being used to build up the AI arms race.</p><p>Google (NASDAQ:GOOG) parent company Alphabet (GOOG) also received notice from BofA for its DeepMind Sparrow Large Language Model [LLM] and its Bard Chatbot.</p><p>Meanwhile, Barclay's analyst Ross Sandler added that despite facing numerous challenges from its rivals, Google (GOOG) remains "years ahead" with its AI technologies.</p><p>Communications chipmaker Broadcom (AVGO) saw its shares get a boost following its strong first-quarter results and outlook, and itsnew moves into the generative AI market. Bank of America analyst Vivek Arya said that due to factors such as its stock's price-to-earnings ratio, Broadcom (AVGO) "provides perhaps the most compellingly valued exposure to the fast-growing generative AI market."</p><p>C3.ai (AI), the artificial intelligence company headed up by tech-industry legend Thomas Siebel, saw what investors thought of its story, as the company's shares climbed almost 34% on Friday. The impetus following its better-than-expected fiscal third-quarter earnings that led Wedbush analyst Dan Ives to say C3.ai (AI)is "walking the walk" with its AI-focused business.</p><p>And Snap (SNAP) got into the AI game by showing of My AI, a new chatbot it has developed, and which is based on OpenAI's GPT technology.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple, C3.Ai Make Waves in the Active AI Sector</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple, C3.Ai Make Waves in the Active AI Sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-05 08:47 GMT+8 <a href=https://seekingalpha.com/news/3944163-apple-c3ai-make-waves-in-the-active-ai-sector><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The artificial intelligence market remained active this week, as C3.ai (NYSE:AI) and Broadcom (AVGO) both reported quarterly results that got on investors' good sides, in part due to those companies' ...</p>\n\n<a href=\"https://seekingalpha.com/news/3944163-apple-c3ai-make-waves-in-the-active-ai-sector\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","MSFT":"微软","AVGO":"博通","SNAP":"Snap Inc","GOOG":"谷歌","AI":"C3.ai, Inc.","GOOGL":"谷歌A","NVDA":"英伟达"},"source_url":"https://seekingalpha.com/news/3944163-apple-c3ai-make-waves-in-the-active-ai-sector","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1121149093","content_text":"The artificial intelligence market remained active this week, as C3.ai (NYSE:AI) and Broadcom (AVGO) both reported quarterly results that got on investors' good sides, in part due to those companies' opportunities in AI technology.But, before getting to those two, let's take a look at Apple (NASDAQ:AAPL).Apple (AAPL) didn't do anything to incorporate AI into its products, software or services. What it did do what clamp down on BlueMail, an email app that uses ChatGPT, currently the best-known of AI technologies. Apple (AAPL) put the brakes on an update to BlueMail app in its App Store on the grounds that its customizes ChatGPT language model, called GPT-3 opens the app up to potentially delivering inappropriate content to minors.BlueMail's app comes with an age-restriction level of 4 years and younger; Apple (AAPL) has asked Blix, the company that developed BlueMail, to raised the app's age level to 17.Meanwhile, Apple (AAPL), along with Microsoft (MSFT) and Nvidia (NVDA), got some high marks regarding AI from Bank of America, which came out with a list of 15 companies that are \"likely beneficiaries\" of AI technology.BofA said Apple (AAPL) is in a good position due to licensing the search engine on its iOS mobile device operating systems. Microsoft (MSFT) got props for its integration of OpenAI, the company behind ChatGPT technology, and Nvidia (NVDA) was cited for its graphics processing units [GPUs]being used to build up the AI arms race.Google (NASDAQ:GOOG) parent company Alphabet (GOOG) also received notice from BofA for its DeepMind Sparrow Large Language Model [LLM] and its Bard Chatbot.Meanwhile, Barclay's analyst Ross Sandler added that despite facing numerous challenges from its rivals, Google (GOOG) remains \"years ahead\" with its AI technologies.Communications chipmaker Broadcom (AVGO) saw its shares get a boost following its strong first-quarter results and outlook, and itsnew moves into the generative AI market. Bank of America analyst Vivek Arya said that due to factors such as its stock's price-to-earnings ratio, Broadcom (AVGO) \"provides perhaps the most compellingly valued exposure to the fast-growing generative AI market.\"C3.ai (AI), the artificial intelligence company headed up by tech-industry legend Thomas Siebel, saw what investors thought of its story, as the company's shares climbed almost 34% on Friday. The impetus following its better-than-expected fiscal third-quarter earnings that led Wedbush analyst Dan Ives to say C3.ai (AI)is \"walking the walk\" with its AI-focused business.And Snap (SNAP) got into the AI game by showing of My AI, a new chatbot it has developed, and which is based on OpenAI's GPT technology.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}