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America’s addiction to absurdly fast shipping has a hidden cost

Search. Compare options. Click buy. Look out for a package on your doorstep the next day, or even that same day, without ever having to get in your car. The mail truck comes by and drops off your order with a bunch of others, probably on a route she would’ve been driving anyway, no extra…MORE

China GDP fallout; Bank earnings; Prime Day

1. China’s economy: China’s economic growth slumped to its lowest level in nearly three decades as the world’s second largest economy feels the effects of a prolonged trade war with the United States. The country’s GDP grew at 6.2% in the quarter that ended in June, the slowest quarterly growth rate since 1992 and down…MORE

China’s economic growth slumps to lowest in 27 years as the trade war hits

China’s economic growth has slumped to its lowest level in nearly three decades as the world’s second largest economy feels the effects of a prolonged trade war with the United States. The country’s gross domestic product grew at 6.2% in the quarter ended June, the slowest quarterly growth rate since 1992 and down from 6.4%…MORE

American Airlines extends flight cancellations because of Boeing’s 737 Max grounding

American Airlines is canceling flights into early November because of the Boeing 737 Max grounding. The world’s largest airline announced Sunday it’s extending cancellations until November 2. It amounts to roughly 115 flight cancellations per day. “American Airlines remains confident that impending software updates to the Boeing 737 Max, along with the new training elements…MORE

Struggling Barneys, a high-end Manhattan retailer, stares down an uncertain fate

Barneys reportedly may become the latest brick-and-mortar retailer to file for bankruptcy. Reuters, citing unnamed sources, reported Saturday that the company “has not yet made a final decision on whether or not to seek bankruptcy protection, and is weighing other possible solutions for addressing high rents that are straining its business.” The sources told Reuters…MORE

Forget earnings. The smart money is looking to the future

1. Earnings angst: Don’t expect the second quarter earnings season to be much of a party. Analysts anticipate that earnings growth will be essentially flat compared to last year, just as it was in the first quarter. There’s still hope of a rebound in the second half of the year. But that optimism largely depends…MORE

Secret deodorant to contribute $529,000 to US women’s soccer to address pay gap

Secret, a sponsor of the US Women’s National Soccer team, is now supporting its members’ fight for pay equity as well. The deodorant brand plans to make a “tangible commitment” to the team’s demand for equal pay, it told CNN Business, contributing $529,000 to the US Women’s National Team Players Association. In a full-page ad…MORE

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