Coronavirus rocks America’s restaurants and this chart shows just how bad it has gotten

Coronavirus rocks America’s restaurants and this chart shows just how bad it has gotten

Coronavirus has very likely sickened the bottom lines of U.S. restaurants this quarter as people stay home due to being infected, working from home or practicing social distancing. The percentage change in the number of seated diners at U.S. restaurants has progressively worsened — and have declined — since March 1, according to new data […]
Starbucks Stores in US and Canada coronavirus plan

Starbucks Stores in US and Canada coronavirus plan

Starbucks (SBUX) said on Sunday it would halt in-store customer seating in North America for at least two weeks, while limiting hours and shuttering a few shops in high traffic areas, in a bid to help reduce spreading of the coronavirus. In a memo sent to more than...
Federal Reserve slashes rates to zero, restarts QE

Federal Reserve slashes rates to zero, restarts QE

The Federal Reserve made an emergency announcement Sunday afternoon by announcing that it would be cutting interest rates to zero for the first time since the financial crisis. The central bank said it will use its “full range of tools” to battle the economic impacts...