Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Nobody can deny there has been a major shake-up in the food industry lately, and it all seems to tie back to one company:
Aside from traditional grocers, such as Kroger, being threatened by an Amazon-Whole Foods buy, meal-kit provider Blue Apron is also facing stiffer competition as it prepares for its initial public offering, Mark Bittman, who's served as a consultant to activist investor Jana Partners on Whole Foods, told CNBC on Tuesday morning.
"Blue Apron may well continue with its IPO," Bittman said on "Squawk Box." "But if Amazon wants to do meal kits, Amazon will do meal kits."
Blue Apron's IPO would value the company at about $3 billion, according to a regulatory filing released on Monday.
Meanwhile, Amazon has tested both food delivery, through AmazonFresh, and meal kits, which deliver fresh ingredients and recipes to subscribers. Though AmazonFresh is more advanced than Amazon's meal kit programs, both remain limited to certain metropolitan areas.
Amazon first experimented with AmazonFresh in 2007.
"Amazon will sell anybody anything they want to buy," Bittman went on. "Amazon is in the business to sell everything."
Bittman says he's happier with the idea of Amazon buying Whole Foods Market than he would be with a Wal-Mart deal because he believes in CEO Jeff Bezos' potential to turn the struggling grocer around.
"Bezos has shown he's not afraid to take risks," Bittman told CNBC. But the analyst added that he wouldn't "pretend for a second" to know what management is thinking over at Amazon right now, regarding how the partnership with Whole Foods will pan out in the future.
Food touches everyone's lives every day, said Bittman, who's also a food author. And it touches on business, too, hence the increasing interest by Wall Street to snag a share of the market.
There are many ways Amazon could still tackle selling customers food and grocery items, and Bezos' efforts to grow in this space have been evident since the launch of AmazonFresh, Bittman said.
On Tuesday, Amazon had more news to share with the world, proving the company really is interested in the business of everything. It announced plans to roll out a subscription-based fashion service, called Prime Wardrobe.
— Reuters contributed to this reporting.