UPDATE 1: US consumer spending recovers; income sinks

(Add report details) By Lucia Mutikani WASHINGTON, June 26 (Reuters) – US consumer spending rebounded by the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to decline further. more as millions lose their unemployment checks starting next month. …

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White House considering new COVID-19 test strategy

Dr. Anthony Fauci said the White House is considering adopting a new coronavirus testing strategy that involves managing groups of people while using fewer resources, according to a report. The chief infectious disease expert told the Washington Post on Thursday that health officials are having “intense discussions” about so-called “group …

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