Covid stimulus money runs out?

You can see the obvious impact of employment on casino gambling revenue in our casino gaming revenue index currently being constructed. pic.twitter.com/79rBybz3Vl — Don Johnson (@DonMiami3) May 20, 2024

Consumers are so demoralized by inflation and high rates that they’ve given up on saving for the American Dream and are spending money instead, economist says

Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. …

READ MORE

ABC News: “Some California restaurants face stark realities – ‘We quickly shifted from being profitable to losing money’”

California’s recent minimum wage hike, especially for restaurant workers, has sparked significant challenges for the industry. Restaurant owners, including those at popular chains like Chipotle and McDonald’s, are grappling with operational and financial adjustments to stay competitive while meeting increased …

READ MORE