Canaries in the mine Expert says new restaurant closures a sign of weakening economy

Canaries in the mine Expert says new restaurant closures a sign of weakening economy- Multiple American “fast casual” restaurants have recently declared bankruptcy, and many others posted flagging quarterly sales numbers for the first three months of 2025. One expert says this could be a sign that the U.S. economy is in for a turbulent future.During a Friday segment on CNN, host Erica Hill pointed out that fast food chain McDonalds posted its worst quarterly sales numbers since the onset of the Covid-19 pandemic, as low-income customers are now spending less at restaurants by double-digit percentages. And she reminded viewers that chains like Red Lobster, Buca di Beppo, Hooters…

Source: alternet.org