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Wendy’s Largest Franchisee Files Chapter 11 as Beef Costs, Discounts Crush Margins
📅 in about 2 hours

Wendy’s Largest Franchisee Files Chapter 11 as Beef Costs, Discounts Crush Margins

Meritage Hospitality, one of Wendy’s largest franchisees with 314 locations, files for Chapter 11 bankruptcy citing 48% earnings collapse, beef inflation, and weak marketing under prior leadership.

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Australia’s Deaths to Outnumber Births by 2060s, Treasury Warns
📅 2 hours ago

Australia’s Deaths to Outnumber Births by 2060s, Treasury Warns

Australia’s 2026 Intergenerational Report shows deaths will outnumber births by the 2060s as fertility falls to 1.34 children per woman. Real GDP growth per person projected at 1.2% over 40 years.

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Realty Income Jumps on €528M KKR European Deal; Meyka Grades O a B
📅 2 days ago

Realty Income Jumps on €528M KKR European Deal; Meyka Grades O a B

Realty Income partners with KKR on €528M European real estate deal. AFFO guidance raised to €4.44-€4.45 per share. Meyka grades O a B with 5.7% dividend yield.

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Social Security COLA Set to Rise 3.5% in 2027, Boosting Average Check by $68
📅 2 days ago

Social Security COLA Set to Rise 3.5% in 2027, Boosting Average Check by $68

Social Security COLA forecast for 2027 shows 3.5% increase, raising average monthly benefits by $67.90. Official announcement set for October 14, with payments beginning January 2027.

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German Diesel Hits Record €2.45 Per Litre as EU Weighs Windfall Tax
📅 3 days ago

German Diesel Hits Record €2.45 Per Litre as EU Weighs Windfall Tax

German diesel prices hit record €2.45/litre on September 18. SPD demands price cap from oil firms within 14 days or faces government intervention. EU finance ministers discuss windfall tax on energy companies.

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Oriental Land Stock Surges 45% From May Low as Disney Sea 25th Anniversary Boosts Q1 Earnings
📅 3 days ago

Oriental Land Stock Surges 45% From May Low as Disney Sea 25th Anniversary Boosts Q1 Earnings

Oriental Land (4661.T) stock climbed 45.9% from May lows to ¥3,068 on September 17 after Q1 operating profit jumped 23.1%. The company offers special 100-share dividend for 30th listing anniversary.

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ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
📅 4 days ago

ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18

ATO prosecutions for tax evasion jump 80% in two years, with over 350 people convicted and $2.7 million in fines. Queensland, WA and NSW account for three-quarters of cases.

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ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
📅 4 days ago

ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18

ATO prosecutions for tax evasion surge 80% with $2.7 million in fines. Over 350 individuals and businesses convicted in shadow economy crackdown targeting non-lodgers and cash-in-hand workers.

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Fed Raises Rates to 3.75%-4%, DAX Climbs 0.7% on Rate Decision
📅 4 days ago

Fed Raises Rates to 3.75%-4%, DAX Climbs 0.7% on Rate Decision

Fed raises rates to 3.75%-4% for first time since 2023. DAX gains 0.7% to 25,705 points. One more hike expected by year-end as central bank fights inflation.

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