Aug 5, 2017

Postal Service power struggle

Kantele Franko / AP

As the Postal Service racked up $5.6 billion in losses in 2016 alone, β€” the online retailer that allows users to purchase and print their own postage and shipping labels β€” has seen an 800% increase in its stock price over the last three years, WashPost notes.

The problem: The Postal Service's losses come from poor business dealings, but those same deals have helped grow. Officials from both services told WashPost their deal is mutually beneficial, "helping win customers away from private sector shipping rivals FedEx and United Parcel Service."

But: Various industry officials who spoke with WashPost anonymously "estimate that the Postal Service could collect $100 million a year more in revenue by reforming or eliminating the discount programs that and some other companies use."

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What to watch in tonight's Democratic debate

Bernie Sanders at a campaign rally in Colorado. Photo: Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images

Bernie Sanders is now the clear front-runner for the Democratic presidential nomination, and his opponents are ready to try to knock him down at tonight's debate in Charleston, South Carolina β€” especially Michael Bloomberg, who was the punching bag at the Las Vegas debate.

Why it matters: This is the last debate before Super Tuesday, when Sanders is expected to win California and Texas and could secure an insurmountable lead for the Democratic nomination. That's a direct threat to the entire field, but especially to Bloomberg, who skipped the early states to focus on the March 3 contests.

Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 2 hours ago - Economy & Business