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The terror tenant hasn't paid rent since Jan. 2025.

"I feel sorry for [Lively] ultimately. I can't imagine what it must be like to be inside of her mind," the actor, who played Dr. Dunbar in the 2024 film, said.

"I feel sorry for [Lively] ultimately. I can't imagine what it must be like to be inside of her mind," the actor, who played Dr. Dunbar in the 2024 film, said.

Goldberg was defending former Rep. Katie Porter, who has faced backlash for yelling at her staff. 

Planet Fitness Crashes Most On Record After Membership Slump Hits Outlook

Planet Fitness shares crashed the most on record, according to Bloomberg data going back to 2015, after the budget gym operator slashed its full-year outlook, citing weaker-than-expected new-member sign-ups during the first quarter.

CEO Colleen Keating told analysts, "We faced some internal and external headwinds that impacted our join momentum year-to-date."

Keating said, "Our overall performance reflects the strength and resiliency of our model. However, the addition of more than 700,000 net new members during the quarter did not meet our expectations."

She continued, "Severe cold and winter weather in late January and February disrupted joins, especially as several of the storms fell on Mondays, our busiest join day of the week. We anticipated that our March campaign, Black Card first month free, which was very successful during the same time last year, would improve our join momentum over the remainder of Q1 and into Q2," adding, "Yet as we moved through March and into early April, our join trends remained below our plan."

Planet Fitness now expects 2026 sales growth of about 7%, down from prior guidance of roughly 9%. It also cut its adjusted EPS growth outlook to about 4%, well below the Bloomberg Consensus of 9.7%.

Here's a snapshot of the full-year forecast, courtesy of Bloomberg:

• Sees club sales growth up about 1%, saw up about 4% to 5%

• Sees revenue up about 7%, saw about up 9%

• Sees adjusted EBITDA up about 6%, saw about up 10%

• Still sees system-wide new club openings of about 180 to 190 locations

While first-quarter sales and profit beat Bloomberg Consensus estimates, traders focused on dismal membership trends. Shares crashed 32% in the early U.S. cash session.

In the year, Planet Fitness shares are down nearly 60%, trading at levels last seen in Covid 2020 lows. Shares have fallen 61% since late 2025.

Not one analyst questioned Planet Fitness executives on whether GLP-1 trends impacted membership.

Tyler Durden Thu, 05/07/2026 - 11:55

"Ore-Ida invented Tater Tots -- and now, we’re shaping what comes next."

Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions

Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified. Of note, China's refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other privately-owned processors - had been facing asset freezes and transaction bans. Hengli was the most ambitious target to date in China’s refining sector, and underscores US eagerness to push Iran to the negotiating table at all costs, even just weeks before an expected and long-awaited meeting between Trump and his counterpart Xi Jinping. 

Well, maybe not. In an apparent reversal of its blocking measure orders, overnight Bloomberg reported that China’s financial regulator advised the country’s largest banks to temporarily suspend new loans to five refiners recently sanctioned by the US over their ties to Iranian oil.

The National Financial Regulatory Administration asked banks to review their exposure and business dealings with firms including the abovementioned Hengli Petrochemical (Dalian) Refinery, one of China’s largest private refiners, while awaiting further guidance. For now, banks have been guided not to extend new yuan-denominated credit, though they have also been told not to call in existing loans, Bloomberg's sources said. 

The verbal directive, which came before China entered a long holiday weekend on May 1 and ahead of the upcoming Trump-Xi summit contrasts with a May 2 notice from China’s Ministry of Commerce, which instructed companies to disregard US sanctions. That was the first time China had deployed a blocking measure introduced in 2021 aimed at protecting its firms from foreign laws it deemed unjustified.

While China has often railed against unilateral sanctions, it has in past instances also quietly allowed its largest companies to comply with them, in order to avoid blowback on its own economy. Its largest state banks have a history of complying with US sanctions against Iran, North Korea, and even top officials in Hong Kong to avoid losing access to the US dollar clearing system. In earlier episodes, Beijing sought to shield its systemically important lenders by channeling Iran-related transactions through China National Petroleum Corp’s subsidiary Bank of Kunlun Co., which is currently sanctioned. 

As Bloomberg notes, the moves highlight the balancing act Beijing faces as it tries to project defiance toward the Trump administration while shielding its largest state-owned banks from US secondary sanctions. Tensions are escalating between the superpowers just weeks before a long-awaited meeting between President Donald Trump and his counterpart Xi Jinping in Beijing on May 14–15. 

Meanwhile, the White House has been ratcheting up efforts to cut off Iranian oil shipments to starve the Tehran regime for which oil remains the most vital financial lifeline. Late last month, the Treasury Department’s Office of Foreign Assets Control blacklisted Hengli, targeting a significant and well-connected player in the country’s vast crude-processing industry. The US also warned banks they are at risk of secondary sanctions if they support Chinese private refiners that buy Iranian oil.

Treasury Secretary Scott Bessent said the US sent letters to two Chinese banks warning them of the risk of secondary sanctions if they are found to be supporting transactions tied to Iran. Bessent didn’t identify the banks. 

Separately, but perhaps linked to this, China’s independent refiners have slowed purchases of Iranian crude as they seek to manage a government push to make fuel at any cost to ensure energy security while they face collapsing profit margins.

There are about 16 million barrels on ships anchored in the Yellow Sea off the Chinese coast, almost 40% higher than the level prior to a US blockade of Iran’s ports in mid-April, according to data from Kpler. Already razor-thin teapot margins plunged to record negative levels after the cordon began, while Iran’s oil prices have climbed since the war started, compounding the economic stress on independent refiners.

While the cost of Iranian crude is now fetching a slight premium to ICE Brent, compared with discounts prior to the war, China’s domestic fuel policy is also crimping refiners’ profits. Price hikes are often softened to help shield consumers, preventing processors from fully passing on rising costs. Above all, Chna’s "energy security" is the dominant theme, even if it means an entire industry has to suffer huge losses.

The smaller processors, known as teapots, have little choice but to keep making fuels such as diesel and gasoline. They have been told by Beijing to keep output at 2025 levels, even if they incur losses, or face cuts to their oil import quotas. Refining rates in Shandong province ramped up over April to the highest level in almost two years, even as processing margins sunk deeply into the red.

Chinese purchases of Iranian oil are expected to be above 1.4 million barrels a day this year, down from a March peak of 1.8 million barrels a day, according to Emma Li, lead China market analyst at Vortexa Ltd. “China’s demand for high-risk crude is unlikely to weaken materially,” she said. 

“I would not be surprised if the teapots are prioritizing politics over economics with an eye to their long-term survival,” said Erica Downs, a senior research scholar at Columbia University’s Center on Global Energy Policy. “They may be calculating that if they do their part to help China weather the energy crisis, then maybe they will build up some goodwill in Beijing.”

China's teapots have a checkered history with government authorities. They have resisted efforts by Beijing to consolidate the industry in the past, but proved crucial for China’s fuel security in the 2000s. Iran also relies heavily on the smaller refiners, which buy most of the OPEC producer’s crude.

“In China, during special times like this, it becomes a political mission for private refiners to help secure fuel supplies,” said Liao Na, the founder of GL Consulting, which provides research on the Chinese refining industry.

Tyler Durden Thu, 05/07/2026 - 11:40

The Name That Tune host has been a guest co-host on Live in the past.

The Steelers gave Rodgers the unrestricted free agent tender in April, which was reportedly a "rare" move by NFL insider Adam Schefter.

The actress and Gandolfini played father-daughter pair Meadow and Tony Soprano, respectively, on the hit HBO show from 1999 to 2007.

The actress and Gandolfini played father-daughter pair Meadow and Tony Soprano, respectively, on the hit HBO show from 1999 to 2007.

The reality star — who co-produces the play — displayed the art of high-low dressing.

The reality star — who co-produces the play — displayed the art of high-low dressing.

Ordering in or out on the town? Don't miss this $100 Restaurant.com credit for just $20

Shake Shack Shares Crash Most On Record; McDonald's CEO Warns Of Faltering Consumer

Shake Shack shares crashed the most on record after the burger chain reported weaker-than-expected first-quarter revenue and adjusted EBITDA, with management blaming the miss on "significant weather impacts."

But the weather excuse may be masking a much larger problem: a weakening consumer increasingly pushing back against premium fast-casual pricing, with the average Shake Shack meal costing around $23.

SHAK reported first-quarter results that missed Bloomberg Consensus estimates, with revenue and adjusted EBITDA coming in light as the burger chain faced margin pressure despite positive comparable sales.

Here's a snapshot of first-quarter results, courtesy of Bloomberg:

Revenue: $366.7 million, estimate $372.5 million (Bloomberg Consensus)

Shack sales: $354.0 million, estimate $358.7 million

Licensing revenue: $12.7 million

Adjusted EBITDA: $37.0 million, estimate $45.5 million

Comparable sales: +4.6%, estimate +4.65%

Traffic growth: 1.4%

Restaurant-level operating margin: 21.2%, estimate 21.9%

CEO Rob Lynch noted that soaring beef costs rose by a low-teens percentage, while unfavorable weather eroded profit. Underlying sales and traffic momentum remained solid in the quarter.

Wall Street analysts were not thrilled with the earnings report. Shares crashed by the most on record, plunging 29% in the early U.S. cash session.

For the year, shares are down 17% and now trading at early-2024 levels.

Separately, Shake Shack announced in a separate release that Michelle Hook will be appointed as the new CFO next Monday.

Earlier, McDonald's CEO warned that current consumer environment is getting pressured: "Clearly, when you have elevated gas prices, which is the core issue that I think we’re all seeing about in the press right now, gas prices, inflation on that, that is going to disproportionately impact low-income consumers. And so we expect the pressures there are going to continue."

Tyler Durden Thu, 05/07/2026 - 11:25

Patriots quarterback Drake Maye said Mike Vrabel "has done a great job" of communicating with his team as the coach's alleged relationship with former NFL insider Dianna Russini dominates headlines.

Warner Bros. is hoping for a flawless victory at the box office this weekend for Mortal Kombat 2.

It’s Jerz-day! Almost the entire cast of MTV’s “Jersey Shore: Family Vacation” stopped by “Virtual Reali-Tea” to catch up with Danny Murphy and Evan Real. We, of course, had to ask them about the show ending and what fans could expect next. Plus, we asked Sammi Sweetheart about her wedding being featured on this season,...

It’s Jerz-day! Almost the entire cast of MTV’s “Jersey Shore: Family Vacation” stopped by “Virtual Reali-Tea” to catch up with Danny Murphy and Evan Real. We, of course, had to ask them about the show ending and what fans could expect next. Plus, we asked Sammi Sweetheart about her wedding being featured on this season,...

"She was smashing the front door, and she stumbled off because she looked so drunk. She fell off my porch and faceplanted," homeowner Lloyd Gaines said.