As coronavirus cases in the United States increase and many states relocate food indoors, restaurant transactions have stagnated. The NPD Group tracks transactions at 75 restaurant chains that account for more than half of total commercial restaurant traffic in the United States. According to their data, the US restaurant industry …
Read More »
Ryan German has kept 40 employees working at his restaurant, Caffe Gelato, in Newark, Delaware. The Paycheck Protection Program provided a lifeline to help you through an unprecedented spring when the coronavirus pandemic swept the country. The loan, now exhausted, covered seven weeks of payroll. But the restaurant faces an …
Read More »
An employee wearing protective gloves handles an order at a prototype fast-food giant McDonald’s location for restaurants that adhere to the 6-foot social distance measure. Piroschka van de Wouw | Reuters McDonald’s is seeing some trends in consumer behavior reverse as blockages are reduced, but the fast-food giant believes that …
Read More »
Customers sit in McDonald’s outdoor seats in Union Square as the city moves to Phase 3 of its reopening following restrictions imposed to curb the coronavirus pandemic on July 7, 2020 in New York City. Alexi Rosenfeld | fake pictures McDonald’s reported Tuesday that its quarterly revenue fell by nearly …
Read More »
A weaker day for stocks is brewing on Tuesday, as optimism about the US stimulus progress. The asset that stole the show on Monday, of course, was GCQ20 gold, -0.34%, which rose to $ 1,931 an ounce, the highest settlement in history. That prompted the crowd to expect $ 2,000 …
Read More »