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Snapchat

Snapchat stock was up nearly 5% Monday after the company announced that it's testing a feature that will allow users to search for products on Amazon by using Snapchat's camera.

Why it matters: Snapchat has invested heavily in making its app more than just a tool for selfies. It wants to become a utility for users that can help them search for products, experience augmented reality and, now, shop.

How it works: Users can now open the Snapchat app and point their camera at a physical product or barcode. Once the camera scans and recognizes the item, it will prompt a card with a link for the product or similar ones available on Amazon. Users tap the card and are then redirected to complete their purchase through the Amazon app.

Sound smart: Snapchat is primarily thought of as a social media company, but these investments in its technology will help it become more like a visual search engine.

The big picture: Social media apps are becoming disruptive e-commerce players, mainly because they are able to leverage social data to better understand and cater to users' interests.

  • Snapchat began rolling out ads that feature augmented reality in April, giving marketers the ability to let users virtually test their goods before buying them.

Go deeper: The next big e-commerce disrupter

Go deeper

3D-printed houses seem poised to go mainstream

A rendering of a planned 3D-printed, net-zero-energy community in Rancho Mirage, Calif. Photo: Mighty Buildings

3D-printed cement houses are about to take off, offering a cheaper, more efficient way to provide homes for those who need them — as long as they can be built in ways that don't worsen climate change.

Why it matters: Developers of 3D-printed homes think they can take on multiple challenges: the affordable housing crisis, the shortage of skilled labor and rising material costs.

Updated 21 mins ago - World

U.S. threatens to cut aid to Sudan after military takeover

Sudanese Prime Minister Abdallah Hamdok during a 2020 news conference in Khartoum, Sudan. Photo: Mahmoud Hjaj/Anadolu Agency via Getty Images

Sudan's civilian Prime Minister Abdalla Hamdok was put under house arrest and several other ministers were detained Monday in what appears to be a military coup in the country, per local reports.

The latest: Several hours after he was placed under house arrest, a military force took Prime Hamdok and his wife from their house to an undisclosed location, according to Hamdok's adviser Adam Harika.

Business leaders expect wages to keep going up

Expand chart
Data: NABE Business Conditions Survey; Chart: Thomas Oide/Axios

America’s business leaders expect to keep shelling out higher wages to employees.

Driving the news: According a new quarterly survey released today by the National Association of Business Economists, a record high 58% of respondents increased pay at their firms during the third quarter — and nearly the same share expects to do so again in the coming months.