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- A group of 153 economists calls for additional direct cash payments to Americans to help stimulate the economy
- Payments under the CARES Act helped boost spending among lower income households, mostly for essentials
- Supplemental unemployment funds set to expire at end of July
- Junior’s Cheesecake owner Alan Rosen told CNBC that restaurants forced to shut down a second time may not be able to reopen
- Restaurants take huge financial hit when they purchase food and are unable to sell it
- Some states roll back eat-in service as COVID-19 counts rise
- Analysis of credit card spending data tracks consumer spending habits during 2020, including major shifts caused by the COVID-19 pandemic
- Stores suffer major setbacks, with online marketplaces continuing to dominate
- Grocers see retreat in sales after spring boost, while delivery and convenience win out in the food service industry
