Panera Bread terminates SPAC deal with Danny Meyer’s investment group

Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal to take the sandwich chain public again, citing market conditions. In November, the parent company of the sandwich chain, Caribou Coffee and Einstein Bros. … Read more

Twitter, Affirm, Robinhood and more

Traders work on the floor of the New York Stock Exchange. SNEEZE Check out the companies making headlines in midday trading. Twitter – Shares of the social media platform slid 8% after Elon Musk said his take-private deal is on hold until he receives more information about how many fake accounts there are on Twitter. … Read more

Ford, UPS, Tesla and more

Here are Friday’s biggest calls on Wall Street: JPMorgan downgrades UPS to neutral from overweight JPMorgan said UPS shares could be on hold without a major catalyst to drive growth. “Pressure continues mounting on the US consumer and e-comm growth decelerates. … UPS is operating very well in a dynamic environment but we expect further … Read more

Roblox, Electronic Arts, Coinbase, RealReal and more

An attendee tries out an Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Unity Software – The stock plunged more than 33% after the video game software company … Read more

Walmart dangles deeper gas discounts to attract, retain subscribers

As prices climb at the grocery store and gas station, Walmart said Wednesday that it will offer deeper discounts on fuel to nudge more customers to join and renew Walmart +. Chris Cracchiolo, senior vice president and general manager of the Walmart + subscription service, said the everyday expense is on the minds of many … Read more

Retailers, restaurants offer deals for shoppers

A car is pumping gas at a Costco gas station. The conflict between Ukraine and Russia resulted in increased gas prices in the United States in the past two weeks. Michael Ho Wai | Lightrocket | Getty Images Along with fried chicken, biscuits and iced tea, family meals at Southern fast-food chain Bojangles now include … Read more

Home Depot, Tempur Sealy, SoFi, Houghton Mifflin and more

People shop at a home improvement store in Bethesda, Maryland, on February 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday. Home Depot – Shares of the home improvement retailer fell 8.6% with the broader market sell-off, despite the company reporting a quarterly beat on … Read more

Krispy Kreme reports first quarterly profit since going public

Krispy Kreme on Tuesday reported its first quarterly profit since going public again but fell short of Wall Street’s expectations for its earnings. Shares of the donut company rose nearly 2% in premarket trading. Since its initial public offering in July, the stock has struggled, falling 33%. Here’s what the company reported compared to what … Read more

Home Depot, Macy’s, Medtronic and others

Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer’s stock rose 1% in the premarket after its quarterly profit and revenue beat Wall Street forecasts. Home Depot earned $ 3.21 per share, 3 cents above estimates, and comparable-store sales also beat estimates. Home Depot also announced a … Read more

Russia’s Ukraine threat, worries on Fed rate hikes could make for a turbulent week in markets

Traders working on the floor of the NYSE, Feb. 16, 2022. Source: NYSE The stock market faces another turbulent week, as investors watch the situation in Ukraine and continue to adjust portfolios ahead of the Federal Reserve’s interest rate hikes. Stocks were rocked in both directions in the past week, with the Dow Jones Industrial … Read more