In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Jeff Bezos' Amazon has a history of disrupting markets, including the bookstore, electronics store and retail industries. The market response suggests investors fear the grocery industry could be next.
Amazon was an online bookstore before it was the sprawling e-commerce platform it is today. When Amazon opened in 1997, Barnes & Nobles and Borders dominated sales.
Amazon dipped into the two companies' book sales as customers warmed up to the idea of buying books from the comfort of their own homes. Then in 2007, Amazon released its first Kindle, a product that would allow users to buy and read books through one company.
The release nudged Amazon's stock up a tad, but it wasn't until 2009 when Kindle sales took off that the company's shares soared.
Borders could not keep up. In 2011, the company announced it was filing for Chapter 11 bankruptcy and shuttering its doors.
Barnes & Noble kept up with Amazon at first, but its sales started sagging in 2013, when revenue fell 4 percent, according to the company's annual report. Sales have continued to decrease, down 15 percent in 2015 from 2012, according to annual reports.
Meanwhile, Amazon continues gaining steam. The company opened its first bookstore in New York City last month in an attempt to bring its online shopping experience to the real world. Shoppers can opt to check out at a regular cashier station or use a camera to scan their books within the Amazon app and have them shipped.
Amazon's expansion into the electronics market came at the expense of retailers such as longtime giants RadioShack and Circuit City. Each company fought to stay alive, with varying results.
RadioShack announced it would file for Chapter 11 bankruptcy in February 2015. The company kept its doors open, but just this month it announced it would close more than 1,000 stores, leaving only 72 company-owned stores open.
Circuit City Stores, once the No. 2 U.S. consumer electronics retailer, filed for Chapter 11 bankruptcy in November 2008. The brand was sold to another company, which tried to revive it online before closing in 2012. There was talk of a comeback, but those plans appear to have stalled.
Best Buy may be the only electronics store to have weathered the Amazon storm. The company's stock hit an all-time high in May as it focuses its energy on its online sales and providing a great in-store consumer experience.
More broadly, Amazon's popularity has shifted more retail sales online, battering the sector, with no end in sight.
The pain is most acute at the mall where foot traffic has slowed. Fewer shoppers mean softer sales, and this was very evident in the latest batch of department store earnings reports.
Sears has shuttered stores and cut jobs as Amazon has gained momentum. Just Tuesday, the company announced it would cut another 400 jobs, as it tries to reduce costs and fend off a potential bankruptcy filing.
This week, Gymboree filed for Chapter 11 bankruptcy, and analysts expect more companies to face the same fate.
Meanwhile, Amazon does not appear to be slowing down anytime soon.
Watch: Beginning of the end of traditional retail