Morning Interest
CURATED BYPaul Ivinskas

Companies

Toast

Ticker TOST. Restaurant software and payments company.

4 items in 4 issues, Nov 2, 2026 to Nov 7, 2026, newest first. Each item links to the issue it ran in, where its sources are listed.

Related: Regulation and policy

November 2026

  • Sat, Nov 7 · Opening balance

    Carried over. Sen. Elizabeth Warren had asked the Justice Department to open a criminal probe of Bank of America over its $1.21 billion anti-money laundering penalty, with a reply requested by Nov. 12. The Fed could seek a rehearing within 45 days after the Eighth Circuit vacated its 21-cent debit interchange cap on Oct. 26, and the FTC and eight states had sued Toast over hidden fees.

    Read in the issue →
  • Thu, Nov 5 · People moves

    CFO exits. FIS named Alex Brooks interim CFO after James Kehoe's exit and sold a prepaid business for $100 million. At Toast, CFO Elena Gomez will leave at year-end, and Michael Senno takes the role.

    Read in the issue →
  • Wed, Nov 4 · Earnings

    Toast. Toast raised its full-year adjusted EBITDA outlook to $840 million to $850 million, days after the FTC and eight states sued it over fees. Payment volume rose 20% to $61.8 billion and net income rose to $169 million.

    Read in the issue →
  • Mon, Nov 2 · Policy & enforcement

    Toast suit. The FTC and eight states sued Toast over hidden fees, unauthorized charges and hard-to-cancel subscriptions averaging about $900 a month. Toast disputes the claims and reports earnings Tuesday.

    Read in the issue →