Summary List Placement
Americans are dining out and traveling again.
Spending for both are nearing pre-COVID-19 pandemic levels, Steve Squeri, American Express CEO, told CNBC’s Jim Cramer on “Mad Money” on Monday.
Both travel-adjacent companies and restaurants were initially decimated when the COVID-19 pandemic first rippled across the US. But now, mass vaccination efforts, financial aid from the federal government, and improved personal finances — such as an increase in savings and low delinquencies — are pushing the return of both industries, Squeri told CNBC.
“They have the money in the bank, they’re ready to spend it, but read more ⇒
Source:: BusinessInsider.Com