Postal Service warns of cash crunch risking daily mail delivery
The U S Postal Service warned it may default on up to 6.9 billion in retiree health and pension payments this year, risking disruptions to everyday mail. Postmaster General Megan Brennan urged regulators to grant price flexibility as finances deteriorate amid falling first class mail and rising package demand.
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Amazon
North Korea Tensions Drag Stocks Down Further
U S stocks fell for a third straight day as North Korea tensions spooked investors. The S P 500 dropped 1 4 percent to 2438 21 the Dow slipped 0 9 percent to 21844 01 and the Nasdaq fell 2 1 percent to 6216 87. Bond yields eased with the 10 year note at 2 20 percent.
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Associated Press
Department store gloom as online sales steal shoppers
U.S. retailers Macy's Kohl's and Dillard's report quarterly declines amid a shift to online and discount shopping. Macy's hits a seven year low while Kohl's dips 0.4 percent and Dillard's falls 16 percent after a $17.1 million loss.
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