Keith Srakocic / AP

Hudson's Bay, owner of Saks Fifth Avenue and Lord & Taylor announced Thursday night that it would layoff roughly 2,000 workers as part of a restructuring plan. The move continues a trend of retailer downsizing, as the industry battles its own overextension and takes on the growing threat of online retail.

Why it matters: Economy-wide the retail industry has cut 80,000 jobs this year, compared with an average of 16,000 new jobs per month last year. These job cuts can be partially blamed on Amazon's continued success at luring shoppers online. "Amazon is unstoppable," former retail CEO Marc Cohen writes for Axios. "It and its myriad of e-commerce cohorts will continue to grow meteorically, entirely at the expense of traditional brick and mortar retail."

Traditional retail isn't going away, but don't expect it to be an engine for new jobs going forward.

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8 mins ago - Podcasts

The art and business of political polling

The election is just eight days away, and it’s not just the candidates whose futures are on the line. Political pollsters, four years after wrongly predicting a Hillary Clinton presidency, are viewing it as their own judgment day.

Axios Re:Cap digs into the polls, and what pollsters have changed since 2016, with former FiveThirtyEight writer and current CNN politics analyst Harry Enten.

Twitter launches warnings on election misinformation and delays

Photo: courtesy of Twitter

Twitter will start pinning notices to the top of all U.S. Twitter users’ timelines warning that results in next week’s election may be delayed and that they may encounter misinformation on mail-in voting.

Why it matters: Delayed election results are expected across many states that are handling unprecedented amounts of absentee and mailed ballots, which President Trump has baselessly called "very dangerous" and "corrupt."

Miriam Kramer, author of Space
3 hours ago - Science

NASA confirms water exists on sunny parts of the Moon


Water on the Moon might be more easily accessible than previously thought, opening up new possible avenues for future human exploration, according to a new study.

Why it matters: NASA is aiming to send people back to the Moon as part of its Artemis program by 2024, with plans to eventually create a sustainable presence on the lunar surface. That sustainability relies on mining the moon for its resources, like water.