Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Amazon executives said on its last earnings call that it will spend $800 million in the second quarter of 2019 to shorten the standard shipping program for Prime customers from two days to one. The program is launching in North America and will eventually go global, the executives said.
The initial announcement in April sent shares of Walmart and Target tumbling as they will be pressured to keep up with Amazon's delivery speeds. Less than a month later, Walmart announced its own free next-day delivery offering on orders over $35. Amazon's offering requires no minimum purchase.
Amazon's robust logistics network has made it possible to reduce shipping times and costs for customers. A March report from RBC Capital Markets estimated Amazon already had the capacity to offer same-day and next-day delivery to 72% of the total U.S. population. Amazon's heavy investments over the past four years into expanding its fulfillment centers has boosted its efficiency, RBC said.
Outside of continental North America, Amazon said it has been speeding up delivery times in Alaska, Hawaii and Puerto Rico over the past year, with shipping speeds ranging from one to five days for Prime members.