Can Amazon Remain on the Cutting Edge of Jobs and Automation?
Last week, Amazon announced that it is looking for the right city to house its second headquarters. Several American cities of varying sizes are competing for the facility, including Chicago, Washington, D.C., Salt Lake City, Austin, Charlotte, Tulsa, and Columbus, OH. The dominant narrative of the American economy right now is simple: Americans need good […]
Amazon Sheds Profits to Fuel Its Incredible Expansion
Amazon founder and CEO Jeff Bezos got the opportunity to be the richest man in the world for a brief period of time this Thursday. As Amazon shares hit a record high of $1,083.31 yesterday, he pushed ahead of Bill Gates for a little while, before the shares took a 3.2% tumble in after hours […]
Amazon Moves to Conquer Groceries with Whole Foods Purchase
The big business news rolling into the weekend was Amazon’s purchase of Whole Foods, a move that seemed to take the retail world by surprise. Industry analyst Charlie O’Shea calls the $13.4 billion deal “a transformative transaction, not just for food retail, but for retail in general.” Soon, Amazon will have 460 Whole Foods stores […]