All of America’s eight globally systemically important banks reported significantly higher revenues and net income than the same period in 2025, and in comparison to the first quarter in 2026. Nothing in banks’ earnings should tell anyone they need to be deregulated, quite the contrary, especially since elevated levels of…

When our firm disclosed an activist stake of roughly 1% in Dine Brands last August, the stock closed at $21.50. It has since risen by approximately 70%. That is clearly encouraging, but it is not why we invested.Share prices can recover quickly when expectations change. Restaurant traffic, franchisee economics, debt,…

Ken Kies, the Treasury Department’s top tax policy official who has also been serving as acting chief counsel of the IRS, is expected to leave the federal government, according to multiple published reports, now confirmed by Forbes. His departure would open another significant hole in IRS leadership. Neither of the…