Role reversal: Amazon plans to open several large physical retail locations in the U.S. that will operate akin to department stores, a step to help the tech company extend its reach in sales of clothing, household items, electronics and other areas, The Wall Street Journal reports. The plan to launch large stores will mark a new expansion for the online-shopping pioneer into brick-and-mortar retail, an area Amazon has long disrupted. Some of the first Amazon department stores are expected to be in Ohio and California. Read the full story.
Big announcement: Mark Zuckerberg is set to make a “special announcement about the future of Facebook” during an interview on CBS today. The interview comes as the company announces the launch of its digital wallet app Novi. Read more about Novi from Business Insider.
Still falling: The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America’s job market is rebounding from the pandemic recession as employers boost hiring to meet a surge in consumer demand. The Labor Department reported this morning that jobless claims fell by 29,000 to 348,000. The four-week average of claims, which smooths out week-to-week volatility, also fell—by 19,000, to just below 378,000, also a pandemic low. Read the full story.
On the delta front …
- Baton Rouge emergency services officials are urging residents to call 911 only for emergencies, as COVID-19 hospitalizations continue to rise across the city-parish. (NBC Local 33)
- A British public health study finds that protection from either of the two most commonly used COVID-19 vaccines against the now prevalent delta variant of the coronavirus weakens within three months. (Reuters)
- The popular Gulf Coast beach towns in Alabama and the Florida Panhandle have become virus hotspots, with area hospitals running out of critical care beds. (AP)
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