President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
Before the winner would even get a dime, more than $54 million would be withheld for federal taxes. Much more would likely be due at tax time.Personal Financeread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
It's no secret that Amazon is turning itself into a major physical retailer.
Besides Whole Foods, which it bought for more than $13 billion this year, Amazon now has 13 bookstores, dozens of pop-up stores and partnerships to put products in stores run by Kohl's and Safeway.
According to The New York Times, Amazon also may open stores that sell furniture and household products.
Why is the e-commerce giant so aggressively pushing into physical retail? Because that's where people prefer to buy most of their stuff.
Financial research firm Gordon Haskett said in a recent survey that aside from music, books, movies and small appliances, consumers showed a preference for in-store purchases. For categories like groceries, household, and health and beauty, buying in a store was more than three times more popular than buying online.
"Despite Amazon's dominance in online traffic, the majority of purchases in several sub-categories still occurs in store," Gordon Haskett wrote in a note this week.
Amazon has not shared much detail behind its retail expansion strategy. The company previously said that bookstores provide another way for the company to showcase its hardware devices like the Echo.
Amazon CFO Brian Olsavsky said during last month's earnings call that physical retail is here to stay.
"You will see more expansion from us," Olsavsky said during the call. "It's still early, so those plans will develop over time."