Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump

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On Monday, the first day of Amazon’s 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday, according to Adobe Analytics.

Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess

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The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-week recess.