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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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Apr 21, 2026 / Tyler Durden
US Senator Urges Delay Of CLARITY Act Senate Markup Until May: Report
US Senator Urges Delay Of CLARITY Act Senate Markup Until May: Report
Authored by Brayden Lindrea via CoinTelegraph.com,
A US senator has reportedly urged Senate Banking Chair Tim Scott to delay the markup for the crypto market structure bill until May, as banking and crypto representatives need more time to resolve disagreements over stablecoin yield provisions.
US Republican Thom Tillis of North Carolina told reporters Monday that he does not expect the Senate Banking Committee to mark up the legislation, also known as the CLARITY Act, in April and has recommended that...
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zerohedge.com
Matt Gaetz Steps Out Of Line On Ukraine
Jul 27, 2026 / Tyler Durden
Utility Profits In The Crosshairs Amid Affordability Concerns
Utility Profits In The Crosshairs Amid Affordability Concerns
By Herman Trabish of UtilityDive,Last month, protesters angry over high electricity costs disrupted a Las Vegas conference of executives for the nation’s biggest investor-owned utilities — a vivid example of growing public outrage that has forced the industry to again defend their legally guaranteed profit margins.
As affordability concerns increase political pressure, several states have taken steps to lower utilities’ return on equity, either through regulatory or legislative action. Consumer advocates say these measures are long overdue, while utilities say suppressing their ROE...
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