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OPINIONFinancing

Ruby Tuesday founder’s SPAC prepares to wind down

The Bottom Line: Fast Acquisition will redeem all its shares later this month after a previous deal with Tilman Fertitta fell through, but not before a shareholder files a lawsuit.

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Technology

Virtual brands are entering uncharted waters

Tech Check: What began as an easy way to boost revenues has become a big, sophisticated business. Here are three questions that will define the future of delivery-only concepts.

Financing

The Fed sneezes and restaurant stocks get a cold

The Bottom Line: Shares of restaurants were hit hard on Thursday as the Federal Reserve plans more rate hikes. It’s been a tough year for the sector, overall.

Financing

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.