Bond Markets Are Beginning To Panic Over Inflation

Shake Shack Shares Crash Most On Record; McDonald's CEO Warns Of Faltering Consumer Shake Shack shares crashed the most on record after the burger chain reported weaker-than-expected first-quarter revenue and adjusted EBITDA, with management blaming the miss on "significant weather impacts." But the weather excuse may be masking a much larger problem: a weakening consumer increasingly pushing back against premium fast-casual pricing, with the average Shake Shack meal costing around $23. SHAK reported first-quarter results that missed Bloomberg Consensus estimates, with revenue and adjusted EBITDA coming in light as the burger chain...

President Donald Trump paused the operation to assist commercial ships through the Strait of Hormuz just hours after it was announced because key Gulf allies withdrew their support.  According to two US officials speaking with NBC News, Saudi Arabia informed the US that it could not use its military bases or airspace for the operation […]

The Pentagon is using an Artificial Intelligence system developed by Palantir to select targets in Iran. Some members of Congress are considering legislation to place restrictions and safeguards on the Department of War’s use of AI.  Two Congressional sources speaking with NBC News confirmed the use of Palantir’s AI for targeting and the potential bill. […]