As states across the country reopen their economies, the restaurant industry is showing signs of recovery after stay-at-home orders and social distancing measures caused sales to crater. The NPD Group, which tracks transactions for 70 quick-service, fast-casual and full-service restaurant chains, found that transactions declined just 18% during the week ended May 24. Restaurant transactions hit […]
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in...
New York Gov. Andrew Cuomo said mass protests sparked by the death of George Floyd in police custody in Minneapolis could threaten the state’s progress in containing the spread of the coronavirus. New coronavirus hospitalizations across the state hit an...
Toyota Motor estimates that U.S. sales of new vehicles in May were “beyond expectations” but still down compared to a year ago due to the coronavirus pandemic. Bob Carter, executive vice president of sales for Toyota Motor North America, said the pace of...
A doctor holds up a mask that reads “Black Lives Matter” during a rally against the killing of George Floyd at Foley Square on May 29, 2020 in New York City. Demonstrations are being held across the US after George Floyd died in police custody on May 25....
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