Amazon’s fall sales event estimated to have fallen short of Prime Day — while still raking in approximately $8 billion
Bank of America analyst Justin Post estimated that Amazon’s October event generated $8 billion in gross merchandise volume, a 25% decline from $10.7 billion in GMV for the July Prime Day sale.

Circle K will start selling cannabis in Florida next year
The rollout will begin with 10 of Circle K’s 600 locations in the state.

Velvet Taco has doubled its size since the start of 2021
The brand has 35 restaurants nationwide, with two more in development this year.

Michaels downgraded at S&P as pandemic craft boom wanes
S&P Global Ratings downgraded Michaels’ corporate credit rating to B- from B, according to an emailed release Friday.

Albertsons’ (ACI) Earnings Report
The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.70 billion. Its revenue was up 8.6% compared to the same quarter last year.

Bank of America’s (BAC) Earnings Report
The company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.46 billion. Its quarterly revenue was up 7.6% on a year-over-year basis.