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OPINIONFinancing

As the economy slows, some restaurants will feel more pain than others

The Bottom Line: The U.S. Federal Reserve raised interest rates on Wednesday and signaled more to come. The impact of its actions won’t be spread evenly.

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Technology

Smokey Bones doubles down on delivery with new virtual brands, online storefront

The chain’s three existing brands, plus two new ones, will live under one digital roof at Bite Hall, where customers can order from all five at once.

Financing

Sardar Biglari buys another oil company

The Bottom Line: Biglari Holdings, which owns Steak n Shake and other holdings, spent $80 million to acquire a majority of shares in Abraxas Petroleum Corp.

Financing

With potential IPO on hold, MOD Pizza focuses on accelerating growth

MOD Pizza's potential IPO is on hold but the chain is focused on accelerating growth.