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Photo: Artur Widak/NurPhoto via Getty Images

Friday night's expensive — and hopefully romantic — prix fixe dinner for two isn't as lucrative for the restaurant industry as you might think.

Why it matters: Valentine's Day "ranked 94th in the year for consumer spending at local places nationwide" in 2019, Bloomberg reports, lower than Cinco de Mayo and a bunch of regular Saturdays.

  • The "turnover is slower as couples linger longer than on an average night. And it’s hard to orchestrate an entire evening of tables for two, says Hakan Swahn, owner of Manhattan’s two-Michelin-starred Aquavit."

Between the lines: Last year's slow V-Day could be partially due to the day of the week, a Thursday.

  • "Of the top 50 days of the year for customer spending at local restaurants in 2019, 30 were Saturdays and 19 were Fridays; the only exception was Mother’s Day."

What's next: If you're going out, prepare to pay up.

  • "Restaurant prices climbed 3.1% in January from a year earlier, matching the fastest annual increase for that month since 2009," the WSJ reports.

Go deeper: Axios' deep dive on dating, published last Valentine's Day

Go deeper

Updated 22 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 38 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.