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Shake Shack Gets Smoked After Cutting Guidance
Shake Shack Gets Smoked After Cutting Guidance
Shake Shack plunged on Tuesday, hitting its lowest levels since November 2023, after the burger chain slashed second-quarter guidance only about a month after issuing it.
Baird analyst David Tarantino said the new outlook is viewed as "incrementally negative" for Shake Shack.
Tarantino noted that management had set an "unusually high bar" for 2Q comparable performance with its previous outlook, implying mid- to high-single-digit comps in May and June after -.6%.
He added that the updated guidance ranges may be attributed to new CFO...
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May 1, 2026 / Tyler Durden
US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
Authored by Mary Prenon via The Epoch Times,
America’s mortgage debt continues to escalate, hitting the $13.2 trillion mark, according to an April 30 WalletHub report.
The personal finance website and app indicated that the average U.S. household owes nearly $109,000 in outstanding mortgage balances and that mortgage debt has remained on an upward trend over the past few years.
“Mortgage rates are the highest they’ve been in around a decade, and home prices have seen a meteoric rise in recent years...
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Feb 21, 2026 / Tyler Durden
What Have You Learned In The Last 6 Hard Years?
What Have You Learned In The Last 6 Hard Years?
Authored by Jeffrey Tucker via The Epoch Times,
The last six years have been a time of astonishing revelation about many features of public life that had been previously hidden.
I’m not just speaking of the Epstein files though they are part of it.
We’ve all seen and experienced things over these years that (at least to me) would have been nearly inconceivable before. It’s shaken us and forced people to recalibrate their understanding of the world.
If you have changed your mind on...
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May 21, 2026 / Tyler Durden
Is The Bond Market About To Break Washington
Is The Bond Market About To Break Washington
Submitted by QTR's Fringe Finance
The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it.
For months, investors have focused on missiles, retaliation headlines, oil chokepoints, and the possibility of a broader regional escalation from the Iran War. During the geopolitical noise, I urged readers not to overlook stress in financial markets that was happening before the war even started, namely in places like...
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