RMP is Not QE

Britain Is Trying To Censor Americans... But Washington Is Fighting Back Authored by Daniel Lü via The Daily Sceptic, Ofcom has confirmed it is referring 4chan to a final enforcement decision under the Online Safety Act. The target is a Delaware company that runs an entirely anonymous imageboard from the United States, with no offices, staff, servers or assets in Britain. The demand: install age-verification systems and content filters so that British children cannot access the site or face daily fines levied from London on an American platform. This case is not...

Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More In addition to Iran war developments, this week’s economic calendar will focus on the inflation side of the Fed’s dual mandate following a solid March employment report. The key data releases this week are the February durable goods report on Tuesday, the February PCE report on Thursday, and the March CPI report on Friday. Fed Vice Chair Philip Jefferson will deliver a speech on the economic outlook on Tuesday. The minutes to the FOMC’s March meeting will be released on...

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...