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UBS Checks With Major Restaurant Franchisees Reveal Troubling Consumer Trends
UBS Checks With Major Restaurant Franchisees Reveal Troubling Consumer Trends
In a continuation of our note on the health of America's restaurant industry, we cite UBS analyst Dennis Geiger for a second straight week, as his coverage of the consumer and restaurant sectors has been spot on. Sentiment toward chain eateries remains "generally cautious," with macro pressures, elevated gas prices, and weak demand among lower-income consumers continuing to weigh on traffic and sales trends.
Last week, Geiger warned, "Challenged traffic and sales trends likely reflect depressed consumer sentiment across several cohorts,...
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Moscow Signs Military Partnership With Taliban In Full Circle Since CIA's Operation Cyclone
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Via The Cradle
Russia and the Taliban-led government in Afghanistan have reached a military and technical cooperation agreement, Russian news outlet Interfax reported this week.
The deal was concluded during the International Security Forum held in Moscow. According to the report by Interfax’s correspondent, Taliban Defense Minister Mullah Mohammad Yaqoob held talks with Secretary of Russia's Security Council Sergei Shoigu on the sidelines of the event.
Russian MoD, via X
During the meeting, Yaqoob said that engagement with Russia is important for the...
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May 18, 2026 / George Ford Smith
The Lines We Thought Machines Wouldn’t Cross
We know that Q-Day is coming upon us when AI moves to another level and humans must make the adjustments. State-sponsored solutions will fail, and the only way forward is the free market.
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