Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Such a deal could include agreements on "easy items" such as China buying more U.S. agriculture products, says Blackstone Executive Vice Chairman Tony James.World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The partnership is the latest in Amazon's retail expansion efforts. The e-commerce company has been aggressively growing its physical presence in recent years, which now spans hundreds of Whole Foods stores to its own grocery pick-up spots and over 40 miniature pop-up stores located in the middle of shopping malls.
Here's a full list of Amazon's growing physical footprint:
So why is Amazon so focused on growing its physical presence?
One person familiar with the matter previously told CNBC that Amazon is seeing an uptick in online sales in the regions where it already has a physical outpost. While sales from each bookstore or pop-up store may not be incremental, they are fueling more purchases on the Amazon.com website. In fact, Amazon already sold about $500,000 worth of Whole Foods branded products online in the first week of making them available, according to Bloomberg.
But perhaps the bigger reason is to collect as much purchase data as possible and make better offers to its core Prime users. According to James Thomson, a former Amazon employee who now runs Buy Box Experts, Amazon's expansion into physical retail space will help gather more relevant data and learn more about specific shopping behavior.
"As Amazon becomes relevant in more overall purchase decisions, it will be able to combine all of the search and purchase behavior to develop even more refined offerings and shopping experiences for Amazon customers," he said.