Wall Street

Shopify Delivers More Bad News for Economy

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The Street

By Tony Owusu Online retailer announces a big shakeup that adds to evidence the economy is slowing down. While President Joe Biden’s administration grapples with defining exactly what a recession is, there are growing signs that the U.S. is heading into one. The U.S. economy, the world’s largest, shrank for a second consecutive quarter over the three months ending in June, Commerce Department data is expected to confirm later this week, but the debate as to whether it’s slipped into recession is likely to continue for a long time after. As Wall Street waits for earnings from big tech companies…

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