The US Consumer Is Just Broke (Here's The Proof)

Intel shares plummeted as a weakening US consumer offsets data center growth.

Source: DepositPhotos

Intel just suffered its worst trading day in more than half a century, wiping out nearly $140 billion in market value. And here’s the strange part: its data-center business grew almost 80% in a year. Not AI, the trouble is consumers.

It's becoming impossible to ignore. McDonald’s is preparing another value deal. Wendy’s is confronting a different crisis as one of its largest franchisees filed for Chapter 11 bankruptcy protection.

Then there’s Walmart.

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