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Goldman: Fast Food's 'Bang For The Buck' Gains As Casual Dining Appeal Craters
Goldman: Fast Food's 'Bang For The Buck' Gains As Casual Dining Appeal Craters
Goldman analyst Christine Cho has published her latest quarterly survey of 2,000 consumers for 1Q26, pointing to a softer restaurant environment. Muted demand backdrop suggests that the K-shaped economy continues to fester, with working-poor consumers still facing the greatest downward pressure.
Respondents expect their visits to limited-service restaurants (LSRs), restaurants where customers generally order and pay at a counter, kiosk, drive-thru, or app, such as McDonald's, Burger King, Wendy's, Chipotle, CAVA, Sweetgreen, Panera, and others, to hold steady...
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Jun 8, 2026 / Tyler Durden
10 Enduring Lessons From Adam Smith
10 Enduring Lessons From Adam Smith
Authored by Nikolai G. Wenzel via The Daily Economy,
Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise.
A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock
In this 250th anniversary year, much ink will be spilled - and with good reason...
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Jun 20, 2026 / Tyler Durden
How It Took Nine Months To Remove One Illegal Alien From Voter Rolls
How It Took Nine Months To Remove One Illegal Alien From Voter Rolls
Submitted by Maryland Freedom Caucus,
Nine months after the Maryland Freedom Caucus exposed that a noncitizen with a final order of deportation had been registered to vote in Maryland, Ian Roberts has finally—and quietly—been removed from the state's active voter registration list.
There was no press conference. No public announcement. No admission that anything had gone wrong.
The removal comes only after Roberts was convicted and sentenced on federal charges related to falsely claiming U.S. citizenship. For years, Roberts remained an...
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Aug 9, 2026 / Tyler Durden
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's southwestern Red Sea coast, roughly 44 miles from the Yemeni border. The facility is strategically important because it allows Aramco to export refined products through the Red Sea without transiting the Strait of Hormuz. The attack also signals the growing vulnerability of Saudi energy assets in the region, where Houthi forces have repeatedly targeted them in recent...
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