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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuz

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners
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Amazon’s New York Bookstore Is Still Basically an Internet Shop

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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May 24, 2017, 11:43 AM ET
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Amazon is going back to the basics.

The company that started 23 years ago as a online book seller will open its first brick-and-mortar bookstore in New York City at 10 a.m. on Thursday. The new outpost, in just off Columbus Circle in Manhattan, gives Amazon a total of seven such locations, CNBC reports. Amazon Books in New York City will stock about 3,000 titles.

But despite being a brick and mortar shop, Amazon has not forgotten its Internet roots. Under each title, store associates have placed the book’s total number of online reviews as well as its star rating. All of the books being sold have at least a four star rating online.

Meanwhile, Amazon’s shareholder meeting, as with those of many other public companies, has turned into a platform for political grievances in the Donald Trump era. On Tuesday, conservative shareholders quizzed CEO Jeff Bezos on his opposition to Trump’s immigration stance. The same group of shareholders also opposed Starbucks in March over the coffee chain’s “anti-Trump” agenda.

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Lucinda Shen
By Lucinda Shen
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