Consumers are cutting back on dining out—but not on cheesecake.

The Cheesecake Factory saw its shares surge nearly 14% on Wednesday as the restaurant chain reported quarterly revenue above $1 billion for the first time in its stronger-than-expected earnings report. The gains sweetened founder and CEO David Overton’s fortune of more than $300 million.

The Cheesecake Factory reported steady foot traffic growth even as other restaurants see declines, and the chain plans to expand with 26 new locations in fiscal year 2026.

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The Federal Reserve kept interest rates steady Wednesday, but there was greater division among central bank officials over the path of monetary policy amid increasing inflationary pressures.

The Dow Jones Industrial Average plunged over 2% on its worst day of the year after the Fed’s decision.

In a new lawsuit, the Federal Trade Commission claims telehealth platform Hims & Hers Health charged patients for prescription subscriptions without their consent, and shared their sensitive health data with tech companies. It could become one of the most significant consumer protection cases in the telehealth space, as the firm has faced criticism over its marketing and prescribing practices.

A planned Senate committee vote on Todd Blanche’s nomination for attorney general has been postponed after Sen. John Cornyn, R-Texas, said the Trump administration is refusing........

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