Elise Amendola / AP

Discount grocery chain Aldi unveiled a plan Monday to invest $5 billion in the U.S. and increase its American store count to 2,500 in a move that will make the firm the third-largest grocer in the United States, behind Walmart and Kroger.

A bare-bones strategy: Aldi's rapid growth has been driven by offering a small selection of private-label brands in a small-store format. The firm has bet that shoppers are ready to trade selection and customer service for prices even cheaper than Walmart's.

What it means for workers: A recent analysis by British trade publication RetailWeek found that Aldi ranks as the U.K's most efficient grocer in terms of revenue per employee, and the firm is replicating this low-head-count strategy in the United States. The rise of Aldi dovetails with a recent trend of job losses in retail, and suggests that the industry will continue to search for success while trimming employment.

Fewer, but better jobs: Aldi invests heavily in recruitment and training for management positions, which become all the more important in a skeletal operation. Forbes reports that it pays new recruits $75,000 per year, while offering a year of on-the-job training and access to a company car.

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In her new memoir, President Trump's niece reveals how she leaked hordes of confidential Trump family financial documents to the New York Times in an effort to expose her uncle, whom she portrays as a dangerous sociopath.

Why it matters: Trump was furious when he found out recently that Mary Trump, a trained psychologist, would be publishing a tell-all memoir. And Trump's younger brother, Robert, tried and failed to block the publication of "Too Much and Never Enough: How My Family Created the World's Most Dangerous Man."

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Photo: Andre Borges/NurPhoto via Getty Images

Brazilian President Jair Bolsonaro announced Tuesday that he tested positive for coronavirus.

Why it matters: Brazil's coronavirus outbreak is one of the largest in the world, topped only by the U.S., and Bolsonaro has long downplayed the effects of the virus, pushing businesses to reopen over the last few months in order to jumpstart the country's economy.