Amazon has scrapped plans to build a headquarters in Queens amid fierce opposition from politicians, but experts warn that the pushback against the tech company could be seen as a warning to other companies considering a relocation to New York.
The companies' executives argue that the merger will force the industry to up its game, improving quality of services and lowering prices. But the deal must win approval from federal regulators.
Trade talks continue this week between the United States and China, the outcome of which will help decide whether President Trump will raise tariffs on Chinese imports to slow the spread of their technologies – the latest move in an ongoing struggle for power in the global market.
Artificial intelligence could severely disrupt a quarter of US jobs. Economists say the jobs likely to be spared from automation will require advanced education, interpersonal skills, and emotional intelligence.
The company's chairman and largest shareholder won a bankruptcy auction for the chain, which hasn't seen a profitable year since 2010. If Sears keeps its lights on, the company could save tens of thousands of jobs across the United States.