Conference Board Confidence Unexpectedly Jumped Amid War In March

Pitch For Defense Treaty And Moving US Military To Israel Is Insane Authored by Jennifer Kavanagh via Responsible Statecraft, On August 18, Israel bombed a non-operational Syrian air base, reportedly to derail Turkish plans to deploy military forces to the installation. The move drew swift condemnation from the United States, which did not receive prior notification despite its growing support for Syria, its alliance with Turkey, and the presence of thousands of U.S. military personnel based nearby, in Jordan and other parts of the region. Is this the behavior of a "model...

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...

It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi Authored by Olivier Acuna via CoinDesk.com, New York sued prediction-market Kalshi, alleging it offers sports and event wagers in the state without a gaming license. The petition, filed in the New York Supreme Court on Friday, asks a judge to bar the company from operating an unlicensed gambling business and seeks an accounting of customer bets, losses and company gains, plus restitution, damages and civil penalties. The state is seeking a penalty equal to three times Kalshi’s gains from the activity, plus $100,000 for each...