Why it matters: Despite murmurs of an impending economic crash, the U.S. has seen strong job growth and record low unemployment as trade wars, sweeping technological change and new media consumption habits are changing the American economy.
Illustration: Aïda Amer/Axios
Photo: Alexi Rosenfeld/Getty Images
New York City restaurants are opening or have already opened auxiliary establishments on Long Island's East End as they look for new ways to reach customers during the coronavirus pandemic, The Wall Street Journal reports.
Why it matters: Restaurant owners in New York City have long been establishing outposts in the Hamptons to reach the summer crowds, per the Journal, but that system is now giving them a lifeline during the pandemic — especially since New York Gov. Andrew Cuomo decided to push back the date to allow indoor dining in New York City's five boroughs.
President Trump boards Air Force One on July 3. Photo: Saul Loeb/AFP via Getty Images
President Trump signed off on Saturday to give businesses another five weeks to apply for funds through the Paycheck Protection Program.
Why it matters: Roughly $130 billion in PPP funding is still available. The Small Business Administration's inspector general found in May that some rural, minority and women-owned businesses may not have gotten loans due to a lack of prioritization from the agency.
Illustration: Annelise Capossela/Axios
Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.
Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.