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Consumer sentiment plummeted in early August, driven by surge of delta variant

Aug 13, 2021
The University of Michigan's consumer sentiment index shows the rise of the delta variant this summer has curbed spending.
An empty New York restaurant in May 2020. A resurgence of COVID cases is weighing on consumers' moods, especially among the vaccinated.
Spencer Platt via Getty Images

COVID closed Philadelphia's Poi Dog, but the sauces and recipes remain

Aug 12, 2021
Kiki Aranita closed her restaurant after the city shut down. A year later, she's still making Hawaiian food and building the brand.
Poi Dog, Kiki Aranita's former Hawaiian restaurant. She continues her career in food and  her efforts to build the Poi Dog brand.
Photo courtesy Kiki Aranita

Small business optimism shrinks as labor shortage, price hikes continue

Aug 10, 2021
Owners expect lower sales and worse business conditions in the coming months, reflected in the NFIB’s declining optimism index.
Though the economy is rebounding from the COVID-19 downdraft, small-business owners expect near-term business conditions to worsen.
Frederic J. Brown/AFP via Getty Images

Will some workers be left behind if they work from home?

Aug 6, 2021
Remote working could slow the careers of young people, women and workers of color, experts say.
Research shows that managers are more likely to recognize the achievements of in-person workers rather than work-from-home employees. This could disadvantage parents and caretakers.
Valery Hache/AFP via Getty Images

Biden administration ponders easing travel restrictions

Aug 6, 2021
The U.S is still closed to many international travelers. Reuters reports that the Biden administration wants to change that — but only if visitors are vaccinated.
A traveler arrives at London's Heathrow Airport in August 2021. The U.S. may soon be lifting restrictions for vaccinated international travelers.
Tolga Akmen/AFP via Getty Images

Uber, Lyft drivers and the vaccine

Aug 4, 2021
As the delta variant makes riders reconsider hopping in a car with a stranger, ride-sharing firms won’t impose mandates on driverss.
An Uber driver checks his phone. With drivers in short supply, ride-hailing firms have chosen not to require them to be vaccinated.
Siegfried Modola via Getty Images

Restaurants prepare for New York City's vaccine mandate

Aug 4, 2021
Owners and managers consider how they'll enforce the rule — and what it'll mean for business.
New York will soon require proof of vaccination for some indoor activities, like dining out.
Angela Weiss/AFP via Getty Images

For public good, not for profit.

Will vaccine passports become a new reality in the U.S.?

Aug 3, 2021
More businesses are starting to require proof of vaccination, but there are some states that have outright banned them.
 A health care worker displays a COVID-19 vaccine record card at the Portland Veterans Affairs Medical Center in Oregon.
Nathan Howard/Getty Images

Will the delta variant delay the return to downtown?

Jul 30, 2021
In New York, the occupancy rate for commercial office space has been rising, but the delta variant may thwart that revival.
Some companies have delayed their planned returns to the office, and more may follow.
Timothy A. Clary/AFP via Getty Images

How much does the delta variant threaten the economic recovery?

Jul 30, 2021
Delta could slow the economy in two main ways: Governments could restrict consumers — again — or consumers could restrict themselves.
Traders wear face masks at the New York Stock Exchange. The contagiousness of the delta coronavirus variant could restrain consumer spending.
Timothy A. Clary/AFP via Getty Images