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Amazon’s refusal to collect sales tax not only denies the state much-needed revenue but also creates an artificial advantage for Amazon over its competitors (both online and in-person) who do collect sales tax. Such an advantage removes money from local economies and further stifles the slow recovery in California.

Among major sectors, the indices for electronics and machinery performed exceptionally well, reaching 55.2 and 54.9 respectively in 2Q18, the highest levels since early 2013. Toys continued its uptrend seen in the last two quarters, rising to 53.2. Clothing, while staying in contractionary territory, also showed signs of improvement in 2Q18 with a 17-quarter high reading of 43.6.

Amazon’s newest building, Doppler, just opened late last year.

Among the recently received offers from multiple world-renowned colleges, Wang Xin and her four roommates all chose the University of Bath, which is ranked as the fifth best university in the United Kingdom by the Guardian University Guide 2018.

American Express Co, the largest credit-card issuer by purchases, is seeking to extend its service to young affluent consumers in China, hoping to tap into their purchasing potential in outbound tourism and cross-border online shopping.