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- Mixed effects in roundup of COVID-19 business news
- Real estate stays robust during pandemic, with a boost in home buying
- Hotels optimistic for resumption in business, while cruise line web traffic falls sharply
- Paycheck Protection Program (PPP) loan deadline extended to Aug. 8
- $130 billion remains available to applicants after expiration of previous deadline
- On July 4, President Donald Trump extended the deadline for PPP loan applications for more than another month
- Loans can be completely forgiven if spent within certain timeframe on approved expenses
- 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
