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08.06.26 - 21:36
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UBS Warns America′s Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades (ZeroHedge)
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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 lower-income, younger, and Hispanic consumers remain among some of the weakest demand cohorts.
"Challenged traffic and sales trends likely largely reflect depressed consumer sentiment across several cohorts, elevated gas prices, and other macro headwinds," the analyst said, adding, "We are more cautious on restaurant industry trends into 2H26, assuming near-term headwinds persist, rebate che...
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08.06.26 - 17:51
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We Are Being Warned That A "Godzilla El Niño" Could Absolutely Devastate Global Food Production (ZeroHedge)
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We Are Being Warned That A "Godzilla El Niño" Could Absolutely Devastate Global Food Production
Authored by Michael Snyder via The End of The American Dream blog,
The waters of the Pacific Ocean are getting extremely warm, and that could provide fuel for an immensely destructive climate event that is unlike anything we have ever seen before. Even the United Nations has issued an ominous warning about the El Niño event that is in the long-term forecast, because it will have a dramatic impact on every man, woman, and child on the entire planet.
We are being told that there is more than an 80 percent chance that El Niño conditions will arrive by the end of next month due to rapidly warming equatorial waters in the Pacific. Meanwhile, an unprecedented "9,000-mile marine heatwave" has developed in the North Pacific. Many experts are concerned that the confluence of those two factors could produce a "Godzilla El Niño"...
The chance of an El Niño event emerging by J...
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07.06.26 - 04:00
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UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War (ZeroHedge)
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UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War
The United Nations food agency is sounding a catastrophic alarm on the macroeconomic fallout of the ongoing conflict in Iran and the Persian Gulf region. According to the World Food Programme (WFP), millions of people are actively being plunged into acute hunger due to the war - realizing a grim trajectory the agency previously warned would occur if the Middle East crisis stayed prolonged and global oil prices remained elevated.
Fragile economies are feeling the most pain, with WFP analysis of three highly vulnerable nations revealing that an additional 2.5 million people in Somalia, 2.3 million in Afghanistan, and 1.3 million in Sri Lanka are currently struggling to meet their most basic daily nutritional needs. Back in March, the WFP estimated that a staggering 45 million people globally could be pushed into severe food insecurity by the end of June, compounding the over 300 million people globally who were already facing...
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06.06.26 - 14:18
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′Immediate national priority′: Ministers accused of complacency over UK food supply (The Guardian)
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Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weatherMinisters have been accused of being complacent about the risks to vital supplies of food into the UK amid concerns over fuel shortages, cyber attacks and extreme weather.The trade body for cold storage and logistics has urged the government to make potential disruption to the UK's food system an “immediate national priority”. Continue reading......
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05.06.26 - 23:24
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Rubio Backs Bolivia′s Government As Protests Trigger Food, Fuel Shortages (ZeroHedge)
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Rubio Backs Bolivia's Government As Protests Trigger Food, Fuel Shortages
Authored by Evgenia Filimianova via The Epoch Times,
The United States has pledged additional emergency assistance to Bolivia as protests and road blockades deepen shortages of food, fuel, and medical supplies across the South American country.
U.S. Secretary of State Marco Rubio spoke with Bolivian President Rodrigo Paz on June 4 and discussed efforts to address growing shortages caused by nationwide unrest.
“The Secretary noted the United States is ramping up emergency assistance and logistics operations support in Bolivia to help those facing acute food and medical shortages due to illegal roadblocks intended to destabilize Bolivian society,” U.S. State Department spokesperson Tommy Pigott said on June 4.
Pigott said Rubio reaffirmed “the United States' unwavering commitment to support Bolivia's democracy and the Paz Administration” as the country works through a political and economic crisis.
Paz's govern...
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05.06.26 - 20:24
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Are Ultra-Processed Foods Really Bad For You? (AFX)
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WASHINGTON (dpa-AFX) - A group of nutrition, metabolism, and eating behavior experts from across Europe has questioned the common belief that all ultra-processed foods (UPFs) are harmful to health......
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