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Category: Economy

Amazon’s Prime Day Proves to Be Biggest Shopping Day Ever

Amazon.com Inc.’s third annual Prime Day event turned out to be the biggest day ever for the e-commerce giant, with sales surpassing traditional retailing blowouts like Black Friday and Cyber Monday.

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McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks

The stock market is luvin’ McDonalds stock, which has continued its recent relentless rise to all time highs, up 26% YTD, oblivious to the carnage among the broader restaurant and fast-food sector. There is a reason for Wall Street’s euphoria: the same one we discussed in January in “Dear Bernie, Meet the “Big Mac ATM” That Will Replace All Of Your $15 Per Hour Fast Food Workers.”

Retail Apocalypse Engulfs U.S. Economy

You may not see it yet, but the scale of the retail apocalypse is so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you can look up now and see it all around you, and it is coming in rapidly. You can now feel the current under your toes.

Human farmers obsolete? Drones and driverless tractors now being used to harvest crops autonomously

We may soon be living in a world where farms are run by robots, as new farming technology threatens to phase out human involvement in farming processes. Agricultural engineers from the Harper Adams University in Shropshire, England, are exploring new ways of farming crops, aiming to be able to grow and harvest a field of cereal crop without humans setting foot on the farmland.