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State Department eases travel advisories for dozens of countries

The State Department on Tuesday slightly eased the severity of travel advisories for dozens of countries.

Why it matters: The agency is still recommending that Americans avoid international travel to these countries due to serious risks associated with the pandemic, in its second-highest warning level.


Details: Ukraine, Switzerland, South Africa, Mexico, Japan, Italy, France, Guatemala, Bulgaria and the Philippines are among those countries now under the "Level 3" travel warning.

  • The agency said in a statement that it updated travel advisories to follow the Centers for Disease Control and Prevention's health notices, per Bloomberg.

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Retailers charter boats to circumvent supply chain crisis, get goods from overseas

The world’s shipping chaos is pushing mega-retailers to make new investments: their own cargo ships.

Why it matters: It’s one way big companies are trying to circumvent the pandemic-fueled supply chain crisis that’s left store shelves sparse.

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"Defund the Police" lives on as a local movement

In the absence of support from President Biden and most national Democrats, the "Defund the Police" movement has gone local, ushering in an unprecedented wave of cuts to departments in major cities around the country in the year since George Floyd's death.

The big picture: At least 20 large U.S. cities have reduced their police budgets in some form, adding up to some $840 million, per data from the progressive group Interrupting Criminalization and media reports from across the country. 25 have ended contracts with police operating in schools.

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Why fears of a SPAC bubble may be overblown

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.

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QAnon conspiracy theory explodes ahead of the election

The QAnon conspiracy theory is growing — and being weaponized to boost President Trump ahead of the election.

Why it matters: What began as a single conspiracy theory linking Hillary Clinton to child trafficking four years ago is now part of a convoluted web of falsehoods being spread to undermine Joe Biden.

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