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Americans look forward to ‘revenge spending’ after a year inside—here’s how to make the most of it

[CNBC, Twenty/20] Call it revenge spending. With many parts of the U.S. reopening, tens of millions are expected to make up for lost time by shelling out for experiences they’ve been missing over the past 15 months. More than a year after Covid-19 upended lives around the world, Americans are preparing for a return to […]

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8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up

[The New York Times] Two new studies show the effect of the emergency $2 trillion package known as the Cares Act and what happened when the money ran out. WASHINGTON — After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted and poverty has […]

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United Airlines posts $1.8 billion net loss in pandemic slump, cuts cash burn

[CNBC, GETTY IMAGES] United Airlines posted a $1.8 billion net loss in the third quarter.The coronavirus continued to hit travel demand during what is normally the busiest travel season of the year.United was able to further trim its cash burn but still lost about $25 million a day in the quarter.United Airlines on Wednesday posted a […]

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Travel Alert: 6 Midwest States At ‘Tipping Point,’ Per Harvard-Brown Covid-19 Tracker

[Forbes] The Covid-19 epicenter has shifted to the U.S. Midwest. With the country’s coronavirus epicenter now hovering over the Midwest, the number of states “at a tipping point” for COVID-19 infections has jumped from one to six in the past week. Americans who live in 33 states — two-thirds of the country — should not […]

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The CDC’s testing guidance will make the pandemic worse

[The Verge] Please Get Tested More than 180,000 people have died because of COVID-19 in the United States. And this week, the agency tasked with fighting the worst pandemic in a century recommended surrender. Earlier this week, the US Centers for Disease Control updated its COVID-19 advice to recommend fewer people get tested for the virus. The […]

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Price of Groceries Falls in July After Surging During Coronavirus Pandemic

[U.S. News] Consumers finally saw prices fall last month after months of significant increases. The price of groceries fell in July for the first time since soaring this spring during the early months of the coronavirus pandemic when demand spiked amid lockdown orders and the closure of restaurants. The price consumers paid for grocery items […]

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Dr. Fauci already worried about next coronavirus pandemic wave

[New York Post] As he continues to help steer the nation through the coronavirus outbreak, top infectious diseases doc Anthony Fauci says he has another worry on his mind — the next pandemic to hit humanity, according to a report. Fauci, director of the National Institute of Allergy and Infectious Diseases and a member of […]

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6 things to keep in mind before you book an international trip during the pandemic

[USA TODAY] Keeping track of what countries are open to Americans, along with any entrance rules, including negative COVID-19 tests and quarantine requirements upon arrival, can be more stressful than being wedged in a middle seat in economy on a long-haul flight. So here are six things to keep in mind before you go down a planning rabbit hole for an international […]

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State Department lifts global advisory on avoiding international travel amid COVID-19 pandemic

[USA TODAY] The U.S. State Department lifted its advisory on avoiding international travel, put in place five months ago.  The agency said Thursday in a news release that lifting the global health advisory, issued at the highest alert level – 4 – March 19, was done in coordination with the Centers for Disease Control and Prevention.  “With health and safety conditions […]

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Young investors have flooded into bitcoin during the pandemic, while the older generation can’t get enough of gold, a team of JPMorgan analysts said

[Business Insider, Reuters] Retail investors are split down the middle by generation over their favorite alternative assets, according to a note from JPMorgan this week.Older investors are more inclined towards gold, while millennials are flocking to bitcoin, analysts from the bank said.“The two cohorts show divergence in their preference for ‘alternative’ currencies,” a team of analysts led by […]

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