Fun-money companies like DoorDash take a beating as investors bet consumers will tighten up

Wall Street appears to have its doubts that people will keep up their “let’s order a taxi for a burrito” habits much longer.

Consumer discretionary was the worst sector in the S&P 500 on Thursday, and companies that largely rely on “fun money” experienced some notable sell-offs. DoorDash posted its worst day since last May, closing down more than 7%. Delivery app rivals like Uber, Lyft, and Instacart were also down about 2% each.

Airbnb fell more than 5% on the day, and travel peers Expedia and Booking also took a dive. Carnival and fellow cruise companies also closed squarely in the red.

With layoffs surging to levels not seen in five years (largely led by DOGE cuts), investors are shying away from anything that relies on folks tossing around extra cash.

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Panera’s million-dollar turnaround starts with fixing its salads — as Americans drift away from iceberg lettuce

The fast-casual chain is undoing years of cutbacks with a new strategy dubbed “Panera RISE.”

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Large fire reported again at Novelis aluminum plant in Oswego County

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Nvidia’s gaming division underwhelmed Wall Street: It’s still bringing in about as much money as Dr Pepper

It wasn’t too long ago that Nvidia’s gaming division was its primary money maker.

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