Independent thinking for complex markets and current events
Denny’s used to be a bellwether for middle America. Open late, breakfast all day, booths filled with families and night-shift workers. Now it looks like a relic from an economy that no longer exists. Its stock has collapsed to levels last seen during the 2008 crash. That is not just a chart pattern. It is …
Inflation has already made eating out expensive, but now, even breakfast staples are coming with extra fees. Blame supply chain issues, blame rising costs—but at the end of the day, consumers are paying more and getting less. The fact that pricing is “market-by-market” just means some diners will get hit harder than others. This isn’t …
After 54 years, Denny’s has decided to permanently shutter its only Oakland, California, location, citing safety concerns due to the area’s high crime rate, Fox Business reported Wednesday. The restaurant closed on Wednesday afternoon and left a sign on the door explaining it would no longer be in operation because of a lack of safety. …