President Donald Trump said Apple plans to build three manufacturing plants in the U.S. Apple declined to comment or corroborate Trump's announcement, which came during a 45-minute interview with The Wall Street Journal Tuesday evening, the newspaper reports. Trump said Apple CEO Tim Cook promised to build three big, beautiful plants, though further details regarding location and a potential delivery date were not disclosed. “I said, 'You know Tim, unless you start building your plants in...

Amazon Inc., the e-commerce behemoth at the forefront of most conversations involving retail innovation and supply chain logistics, will host its second quarter earnings call Thursday afternoon after the market closes at 5:30 p.m. ET. Here are a few things to listen for during the call. Whole Foods Acquisition The online player has remained tight-lipped about its plans for high-end grocer Whole Foods Market, which it will buy for $13.7B (or $42/share). Though there has been speculation...

Multibillion-dollar Chinese investment firm HNA Group is in the process of finalizing the creation of a New York-based foundation that will own a 30% stake in the conglomerate. Once the nonprofit, named Hainan Cihang Charity Foundation, is up and running, it will become HNA’s largest shareholder, the Wall Street Journal reports. HNA has roughly $146B in assets under management, half of which are outside China. The firm has been an aggressive investor in U.S. assets, particularly real estate....

Amazon has remained tight-lipped since it announced plans to acquire Whole Foods Market for $13.7B, and that did not change during its second-quarter earnings call Thursday evening. Many in the industry have been waiting with bated breath to gain insight into Amazon’s plans for the high-end grocer and how that fits in with its overall grocery delivery business, but Amazon Senior Vice President and Chief Financial Officer Brian Olsavsky said during the call that the deal is still pending...

Innovative as ever, Amazon has quietly rolled out a new delivery feature to help apartment landlords in particularly dense markets manage tenant packages. The locker service, called The Hub, is somewhat similar to the Amazon Lockers the e-commerce behemoth rolled out in 7-Eleven stores throughout the U.S. — but this option will be within apartment buildings. In hopes of affording users more privacy, the Hub can be accessed by customers with a pickup code. Landlords can choose from a selection...