Business
How Today’s Economy Rhymes With The Late ’90s
Bryan Rich is a macro investor and the founder of Logic Fund Management, an independent research firm known for connecting policy, investor influence, and innovation to real-world positioning. He writes Pro Perspectives, a concise daily briefing read by more than 25,000 investors who want clean signal over noise. Bryan’s framework is practical and repeatable: tracking the policy path (rates, liquidity, industrial strategy), following where elite capital is taking risk (billionaires and activists with operating influence), and mapping the technology cycle (compute, data, energy). From that, he translates big forces into entry points, catalysts, and portfolio construction. Logic Fund Management offers two specialized subscription-based strategies: The Billionaires Portfolio—event-driven value, investing in companies with unlockable assets, activist alignment, and clear catalysts; and the AI-Innovation Portfolio—ownership in the infrastructure and intelligence layer of the AI economy, from data centers and networking to enabling software and robotics. Bryan began his career on the trading desk of a family-office macro fund in the mid-90s, and later at an award-nominated global macro firm. He is known for a plain-English style that blends institutional discipline with real-world execution. Independent. Aligned. Research-driven.
Business
Wendy’s franchisee files for Chapter 11 bankruptcy protection
Close-up of fast food packaging with Wendy’s logo.
Smith Collection/gado | Archive Photos | Getty Images
Meritage Hospitality, one of Wendy’s largest U.S. franchisees, filed for Chapter 11 bankruptcy protection on Thursday.
The filing comes as the burger chain has struggled to win over diners who have become increasingly focused on value. For six straight quarters, Wendy’s has reported same-store sales declines. A revolving door of chief executives in recent years has led to muddled turnaround strategies, and its stock has lost two-thirds of its value over the last three years.
“Because the substantial majority of Meritage’s restaurant portfolio operates under Wendy’s brand, those system-wide pressures have had a significant impact on the Company’s financial position,” Meritage said in a press release announcing the filing.
At an investor conference in June, Meritage CEO Bob Schermer said that store-level earnings before interest, taxes, depreciation and amortization had plummeted 48% in 2025. Rising beef costs and increased discounts weighed on the franchisee’s profits.
Meritage said it filed for bankruptcy to strengthen its balance sheet, and the company plans to keep its restaurants running during the restructuring process. Meritage operates 314 Wendy’s restaurants across 15 states, as well as one Bojangle’s location and five independently branded stores.
Meritage estimated that its assets are valued at $10 million to $50 million, with liabilities within the same range, according to a filing with the Bankruptcy Court of the Western District of Michigan. Quality Is Our Recipe LLC, the legal name for Wendy’s franchise business, is listed as its top unsecured creditor with a claim of $24.9 million for deferred franchise fees.
Business
This Gold Stock Flashes Strength Amid Rate-Hike Woes
Investors’ bets on gold and other metal plays remain strong with the Federal Reserve delivering its verdict and raising rates for the first time in three years on Wednesday. Three stocks belonging to the gold, silver and gems mining groups have found a spot on Investor’s Business Daily’s Sector Leaders list, including Franco-Nevada (FNV). Franco-Nevada is flashing signals of technical…
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Business
CoreWeave: Don't Be Tempted By The Impressive Growth (Rating Upgrade)
CoreWeave: Don't Be Tempted By The Impressive Growth (Rating Upgrade)
Business
Report finds ’culture of risk aversion’ hindered oversight of SVB, Fed official says

Report finds ’culture of risk aversion’ hindered oversight of SVB, Fed official says
Business
Maye Musk Reveals the One Piece of Business Advice Elon Ignored After Selling PayPal Two Decades Ago
Maye Musk, the mother of Tesla and SpaceX Chief Executive Officer Elon Musk, said in a recent television appearance that her son ignored a piece of career advice she gave him after he sold PayPal, choosing instead to pursue several major ventures simultaneously rather than focusing on just one.
Speaking with Fox Business host Stuart Varney, Maye Musk recalled the moment her son first weighed his next move following the sale of PayPal, the online payments company he co-founded. According to Maye, Elon pursued electric cars, rockets and solar energy all at once rather than narrowing his focus to a single venture, a decision that ran counter to the advice she had originally offered him.
The story echoes an account Maye Musk gave in an earlier interview with Sports Illustrated, in which she described the exchange with her son in more detail. “Elon, after he sold his PayPal, he said, ‘What should I do? Should I do electric cars or solar energy or space?’ And I said, ‘Well, just choose one.’ And he didn’t listen to me, so there you go,” Maye said at the time.
Elon Musk’s decision to disregard his mother’s suggestion and pursue multiple industries at once ultimately shaped the trajectory of his career. Rather than settling on a single company, he went on to found or lead a cluster of major ventures across distinct sectors: Tesla in electric vehicles, SpaceX in rocketry and space exploration, and SolarCity in solar energy, the latter of which was later acquired by Tesla. That parallel approach, unusual among entrepreneurs who typically focus their attention and capital on a single business at a time, has become a defining characteristic of Musk’s career in the years since.
Maye Musk, herself an international best-selling author, registered dietitian and Sports Illustrated Swimsuit cover model, has spoken publicly on multiple occasions about her son’s career and the qualities she believes set him apart. In earlier television appearances, she has described recognizing signs of exceptional ability in Elon from a young age, while also acknowledging that early promise does not guarantee later success. She has said that many people she considered geniuses in her own life did not go on to achieve comparable outward accomplishments, underscoring what she has described as the unpredictability of translating early intellectual gifts into major achievement later in life.
Maye Musk’s television appearances discussing her son have often touched on his public image alongside his business ventures. In one prior appearance on Varney’s program, when asked directly whether people actually like her son given his wealth and prominence, she responded enthusiastically in the affirmative. When Varney pressed further, noting that Elon carries the distinction of being the world’s wealthiest individual, Maye pushed back on the framing of that wealth itself. “I don’t like the word wealthy or billionaire or things like that because I think it’s degrading,” she said. “I think he’s the genius of the world, and people are loving him for that.” She added that the public reaction she personally encounters reflects that same sentiment. “When they see me, they go crazy because I’m his mother,” she said, adding, “They respect him, and I’m very proud of him.”
Maye Musk has continued to speak about her son’s career and public reception in interviews throughout 2026 as well. In a separate conversation with “CBS Mornings” co-host Gayle King, she described her son as someone who “just wants to do good in the world, but that means you stand on a lot of toes,” while expressing frustration with critics she views as unfairly targeting him. “People are mean,” she said. “And they’re strangers, or they’re not accomplished themselves, and then they can do insults. It makes me angry.” She added that she wants the public to understand her son’s underlying motivations. “He does whatever is best for America and what’s best for the world,” she said, before referencing his long-standing ambition for SpaceX. “And then, if we don’t listen, then let’s go to Mars.”
Elon Musk’s decision to build out multiple ventures simultaneously rather than concentrating on a single business has drawn significant attention from business commentators over the years, with some crediting the approach for the scale of his eventual success and others noting the substantial financial and personal risk inherent in spreading resources and attention across capital-intensive industries including automotive manufacturing, aerospace and energy at the same time. Whatever the broader assessment, Maye Musk’s own retelling of the exchange suggests she remains somewhat bemused by her son’s decision to disregard her original advice, even as that decision helped shape the career that has since made him one of the most closely watched entrepreneurs in the world.
Maye Musk has continued to make regular media appearances discussing her son’s career, public perception and personal life, offering a recurring window into how the family has processed Elon Musk’s rise from a young entrepreneur weighing his next career move after selling PayPal into the head of multiple major companies spanning some of the most closely watched industries in the global economy today.
Business
California governor orders AI safety measures after recent incidents

California governor orders AI safety measures after recent incidents
Business
Corpay reaches $100 million settlement with FTC

Corpay reaches $100 million settlement with FTC
Business
Slideshow: Beverages with benefits | Food Business News
KANSAS CITY — Companies are brewing up beverages with functional benefits.
Nestle is formulating an oral rehydration solution intended for children under its Gerber brand with Gerberlyte. The beverage is formulated with coconut water, electrolytes and 25% of the daily recommended intake of zinc per 12-oz serving. The beverage is available in flavors such as kiwi, berry blend and tropical punch.
“We heard from parents that they need simple, trusted solutions they can feel confident giving their children, whether they’re managing a stomach bug or replacing fluids after a long day of outdoor play,” said Oscar Benitez, president of Gerber. “For nearly 100 years, we’ve helped parents nourish their little ones, and with Gerberlyte, we’re extending the trusted quality and expertise families know from Gerber to new moments when hydration support matters most.”
Medici Brands, Inc. is unveiling a David Protein branded protein shake. The ready-to-drink beverage is formulated with ultrafiltered milk and contains 30 grams of protein, 140 calories to 150 calories and less than 1 gram of sugar. The milkshake is offered in vanilla and chocolate flavors.
USANA Health Sciences, Inc. is introducing a protein beverage formulated with prebiotics to its Rise Wellness Brand. Protein Pop Balance is formulated with 15 grams of protein, including 10 grams of clear whey protein isolate, along with 5 grams of collagen and 5 grams of fiber. The soda is sweetened with stevia leaf extract blend and is free from caffeine. The lineup includes lime slush, tropical pineapple, watermelon lime and fruit punch flavors.
“Protein Pop Balance is all about giving people a lighter way to stay on track,” said Darin Perry, chief executive officer of Rise Wellness. “It’s a smart way to support your gut and your protein goals at the same time — without it feeling heavy. Balance brings together prebiotics, protein, collagen and fiber in one can that’s easy for consumers to grab and go.”
Business
Helvetia Baloise Holding AG 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:HLVTY) 2026-09-18
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
WK Kellogg supports regen ag program in UK
BATTLE CREEK, MICH. — WK Kellogg Co has partnered with Belgian agricultural services company Soil Capital to support a large-scale wheat sourcing program that will help British farmers adapt regenerative agricultural practices.
Over the next five years, both companies will work with 25 wheat farmers across almost 4,000 hectares (9,880 acres) of UK farmland, providing guidance and financial incentives to growers. They also will have access to tools combining field data, soil measurements and satellite monitoring to track selected indicators over time, WK Kellogg said.
The program will support 100% of locally sourced wheat for various British Kellogg’s cereals, including Special K, where two million bowls are made every hour at the company’s facility in Wrexham. It also will strengthen UK wheat supply chain resilience and contribute to reducing emissions in its agricultural supply chain, the company said.
Kellogg said early feedback for the program has been good. Data from the 2025 harvest show that direct drilling, one of the core practices used to improve soil health and farm resilience, across the whole farmed area increased by 14% and across the wheat area increased by 56%. One wheat farmer said the financial support he received from the program allowed him to “decrease the amount of fertilizer used in favor of organic poultry manure, which is kinder to the soil and improves organic matter.” Another farmer found positive differences in his soil structure, “including improving the infiltration of water, when compared to a neighboring farm.”
“At a time when UK farmers are facing challenges, from unpredictable weather, to pressure on productivity, we’re proud to support wheat growers to adopt practices intended to strengthen the resilience of their farms,” said Dean O’Brien, UK general manager of WK Kellogg Co. “We’ve been at British breakfast tables for over 100 years and we know that we couldn’t do that without the passion and commitment of British farmers to provide the quality ingredients we need to make our iconic cereals.”
Kellogg has worked with UK wheat farmers for more than a decade, sourcing more than 20 thousand tonnes of UK wheat each year for its British cereals.
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