Tracking by JPMorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further

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The U.S. Is Battling Two Recessions, Not Just One

The country is in the middle of two simultaneous downturns — a short-term seizure caused by fear of coronavirus and a longer-term slump that will look more like a traditional recession. Unfortunately, the latter is just beginning.

New York City’s $70 Billion Tourism Industry on Hold Indefinitely

With theaters, museums and stadiums closed, the city looks nothing like its usual self at the height of the summer tourist season.

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