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UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades
UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades
There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year.
Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...
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Apr 22, 2026 / Tyler Durden
China Tests Directed Energy Beam That Recharges Drones Mid-Flight
China Tests Directed Energy Beam That Recharges Drones Mid-Flight
Authored by Bojan Stojkovski via Interesting Engineering,
A Chinese research team has successfully tested a wireless power transfer system that beams energy from the ground to a drone in flight using microwaves.
The setup relies on a mobile emitter that directs energy to an antenna array mounted beneath the aircraft, enabling continuous power delivery without physical connections. Notably, the experiment maintained stable transmission even while both the drone and the ground unit were moving, marking a step beyond static demonstrations.
Representational image of a...
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Sep 10, 2026 / Tyler Durden
Hike Or Hold? Debating The Coming Fed Decision
Hike Or Hold? Debating The Coming Fed Decision
Authored by Michael Lebowitz via Real Investment Advice,
Heading into the September 16 FOMC meeting, the debate over whether the Fed should raise rates or hold is heated. To help you appreciate the range of views, we present this article as a courtroom exercise. We will let the prosecution make its case for a rate hike, and the defense make its case for a hold. We will render our verdict after both sides present their cases.
To set the stage, Fed funds futures are...
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Feb 16, 2026 / Tyler Durden
Detroit Police Chief Targets Officers Allegedly Coordinating With ICE
Detroit Police Chief Targets Officers Allegedly Coordinating With ICE
Authored by Luis Cornelio via Headline USA,
Detroit Police Chief Todd Bettison said Thursday that officers purportedly collaborating with federal immigration agents will be held “accountable,” as the city defends its so-called “welcoming” status.
Bettison made the comments during a hearing with the Detroit Board of Police Commissioners regarding two incidents, one on Dec. 16 and another on Feb. 9, according to the Detroit Free Press.
“Of our officers, 98-99 percent do it the right way each and every day,” Bettison claimed.
“But I do have one or...
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