Amazon Expands Same-Day Grocery Delivery Amid Crypto Deal Speculation
Amazon's stock rose 2% following its announcement of expanded same-day delivery for perishable groceries, now available in over 1,000 U.S. cities. The service, free for Prime members on orders above $25, targets 2,300 cities by year-end. Market sentiment lifted further as founder Jeff Bezos teased an unspecified cryptocurrency partnership through Blue Origin.
The e-commerce giant's grocery push intensifies competition with Walmart+ and Instacart. Top-selling items include strawberries, avocados, and other fresh produce—a strategic pivot toward high-frequency purchases. Meanwhile, the truncated crypto announcement has traders speculating about potential blockchain integrations with Amazon Web Services or payment systems.