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Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy.Long-term joblessness is a period lasting at least six months. Those without work that long are exposed to more financial
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Jim Watson | Afp | Getty ImagesSenate Democrats' package of climate change, health-care, drug pricing and tax measures unveiled last week has proponents and opponents debating whether the legislation violates a pledge President Joe Biden has made since his presidential campaign, to not raise taxes on households with incomes below $400,000
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Morsa Images | DigitalVision | Getty ImagesMany workers who changed jobs recently saw raises from their new paychecks outpace inflation by a wide margin — by nearly 10% or more, according to a new study by the Pew Research Center.The typical American who changed employers in the year from
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Virojt Changyencham | Moment | Getty ImagesNearly half of consumers holding a credit card with travel perks opened the card to chase the rewards — and a big share of them blew their budgets in the pursuit, according to a new survey.Specifically, 45% travel credit cardholders opened a card
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The Consumer Financial Protection Bureau headquarters in Washington, D.C.Joshua Roberts/Bloomberg via Getty ImagesA CFPB spokesperson declined to comment on the specifics of the report."Reports and consumer complaints of payments scams have risen sharply, and financial fraud can be devastating for victims," the spokesperson said in an e-mailed statement. "The
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Tim Boyle | Getty Images News | Getty ImagesAir travel has been rocky this summer — and baggage problems factor among many other issues for travelers like flight cancellations and delays.Nearly 220,000 bags were "mishandled" by U.S. airlines in April 2022, meaning they were lost, damaged, delayed or stolen,
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Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors' crypto when a platform fails.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesTraders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC.Crypto
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A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn.Michael M. Santiago | Getty Images News | Getty ImagesInflation hit a new 40-year high in June and policymakers are working feverishly to tame it — perhaps even risking recession to do so.
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Grocery shopping in Rosemead, California on April 21, 2022.Frederic J. Brown | Afp | Getty ImagesInflation jumped to a new 40-year high in June, the U.S. Bureau of Labor Statistics reported Wednesday. That means the prices Americans pay at the gas pump, grocery store and elsewhere have been rising much faster
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The value of the euro relative to the U.S. dollar has sunk near a two-decade low — and that's good news for Americans traveling to Europe this summer.A favorable exchange rate means travelers' dollars will go further when making purchases abroad."Right now, your money goes further in Europe than
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