After pushback from local politicians, Amazon said it will no longer build a headquarters in New York City. The Seattle-based online retailer spent a year conducting a highly publicized search in which cities tried to woo the company with promises of favorable tax policies. In November, Amazon announced it would split its expansion between New York and Northern Virginia, but some New York politicians were unhappy with the nearly $3 billion in tax incentives promised to the retailer.

Amazon CEO Jeff Bezos in a blog post Thursday claimed to be the target of extortion and blackmail by the publisher of the National Enquirer. Bezos, 55, said the tabloid threatened to publish explicit personal photos of him unless he stopped investigating how the Enquirer obtained texts between him and his mistress. The National Enquirer on Jan. 9 published a story about Bezos and his affair with former TV anchor Lauren Sanchez, who is married. That same day, Bezos announced on Twitter that he and his wife of 25 years, MacKenzie Bezos, were planning to divorce.

U.S. employers added 304,000 jobs to the economy in January, the most in nearly a year, the federal government reported Friday. The gain follows a decade of economic expansion, with the United States seeing added jobs for 100 straight months, the longest such period ever reported. Hiring has accelerated since last summer despite December job growth coming in below predictions.

The Pacific Gas and Electric Company said Monday it will file for bankruptcy in the face of massive potential liabilities for deadly California wildfires in recent years. CEO Geisha Williams resigned Sunday, and the share price of the publicly traded utility plunged by 50 percent Monday morning. PG&E provides natural gas and electricity to about 16 million people in most of the northern two-thirds of California. State fire investigators have blamed the company for wildfires that broke out in Northern California in October 2017.

Apple Inc. sales in the fourth quarter of 2018 fell well below expectations in a downturn CEO Tim Cook blamed on China. In a letter released to shareholders Wednesday, Cook said demand for iPhones was waning. Other global companies like Tiffany & Co. and the Ford Motor Company also saw declines in Chinese sales.

The Federal Reserve announced Wednesday it is raising the target range for its key interest rate from 2.25 percent to 2.5 percent, its highest level since 2008, to reflect the economy’s growing strength. Chairman Jerome Powell also said the Fed anticipates increasing rates only twice more in 2019 instead of the three times as it previously forecast. It’s good news for those with savings and money market accounts. But those with plans to borrow money or have variable rate debt, such as adjustable rate mortgages and home equity lines of credit, will probably have to pay more.

Marriott on Friday announced a massive data breach that compromised the information of as many as 500 million guests at its Starwood hotels. The company said that it discovered unauthorized access within its Starwood reservation network, which includes Sheraton, Westin, and other hotel brands, has been occurring since 2014. Some guests’ credit card numbers and expiration dates could have been taken, according to the company.