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☆ Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more
▼ + stars: | 2024-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Urban Outfitters — Shares popped nearly 12% after the retailer reported an earnings and revenue beat postmarket Tuesday. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million that analysts surveyed by LSEG had expected.

Persons: StreetAccount, FactSet, Janesh Moorjani, — Stocks, CrowdStrike, LSEG, George Kurtz, Ambarella, Nutanix, —, Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Dell Technologies, HP, Autodesk, Urban, postmarket, LSEG . Revenue

☆ Trump sprints through transition as he faces narrow window to act in office
▼ + stars: | 2024-11-27 | by ( Steve Contorno | Aaron Pellish | ) edition.cnn.com time to read: +10 min

On Tuesday, Trump’s transition team signed an agreement with the White House after months of postponing the traditional transition process – a delay that Biden officials warned could undermine an orderly transfer of power and pose national security risks. In a statement announcing the agreement, the Trump transition said it will use its own security and information systems, its own office spaces and maintain its own ethics plan. The transition team said its ethics plan will be posted online in compliance with federal law. Several of Trump’s picks have vast personal fortunes and deep ties to the private sector. Trump’s transition team has so far relied instead on internal vetting.

Persons: Donald Trump’s, Trump, –, Matt Gaetz, Department of Justice – Trump, Pam Bondi, Joe Biden, ”, Brian Ballard, “, ” Ballard, Gaetz, Pete Hegseth, Linda McMahon, Hegseth, McMahon, Howard Lutnick, Scott Bessent, – Lutnick, Florida Sen, Marco Rubio, Tulsi Gabbard, Robert F, Kennedy Jr, Kennedy, – Mehmet Oz, Janette Nesheiwat, Marty Makary, Sen, Markwayne Mullin, he’s, ” Sen, Peter Welch, Karoline Leavitt, Trump’s, untangle, Donald Trump Jr, Eric Trump, Bill Hagerty, Nick Iarossi —, —, ” Iarossi, CNN’s Betsy Klein, Lauren Fox Organizations: CNN, Trump, Republican, Washington, Florida Rep, Department of Justice, Sunshine, Republicans, Mar, GOP, Senate, Senate Republicans, Fox News, Department of Education, Department of Commerce, Bessent, Hawaii Rep, Medicare, Drug Administration, Oklahoma Republican, Vermont Democrat, America, White, Biden, General Services Administration, FBI, Gabbard, – Locations: Manhattan, Palm Beach, New York, Washington ,, Washington, Trump, Ukraine, Oklahoma, Vermont, Mexico, Canada, China, Florida

☆ VP Bank's Asia CIO explains why he's more optimistic on U.S. mid-caps
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVP Bank's Asia CIO explains why he's more optimistic on U.S. mid-capsThomas Rupf, Asia chief investment officer at VP Bank, discusses the outlook for the U.S. market and why mid-caps are the "sweeter spot."

Persons: Thomas Rupf Organizations: U.S, VP Bank Locations: Asia

☆ Super-polluters are venting an invisible, planet-warming gas into the atmosphere
▼ + stars: | 2024-11-27 | by ( Ella Nilsen | Laura Paddison | ) edition.cnn.com time to read: +5 min

It is hunting for leaks of methane — an invisible, super-polluting gas that is dramatically warming the planet. Although it’s leaking less overall than the Permian Basin, for example, it’s an older basin — with older, leaky equipment — that’s producing far less oil and gas. Natural gas is flared Andrews, Texas, part of the Permian Basin, in March 2022. Dilapidated equipment tends to be leakier, and in parts of the Caspian Basin, gas is often treated as a waste product and vented or flared. But because of Venezuela’s proximity to the tropics and frequent cloud cover, capturing its methane emissions has proved challenging.

Persons: ”, Ritesh Gautam, Antoine Halff, Julian Quinones, ” Gautam, Andrews, Joe Raedle, MethaneSAT, Rob Jackson, Jackson, ” Jackson Organizations: CNN, Environmental Protection Agency, Getty, Carbon Project, Stanford University, “ Companies Locations: —, Appalachia, Utah’s Uinta, Turkmenistan, Venezuela, Caspian, Andrews , Texas, “ Turkmenistan, Soviet, American

☆ The Magnificent Seven ETF is teetering. What the charts say will happen next
▼ + stars: | 2024-11-27 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

What are the odds that the Roundhill Magnificent Seven ETF (MAGS) ETF can reclaim its leadership status? This is important, given that MAGS has proven it can take advantage of short-term bullish trade set ups recently. Below are daily relative charts vs. MAGS for each component. First, the leaders: TSLA's recent spike prompted a parabolic move vs. MAGS, too. AAPL, MSFT, META and GOOGL have been clear underperformers vs. MAGS for months now.

Persons: haven't, MAGS, that's, TSLA, NVDA teetering Organizations: CNBC, NBC UNIVERSAL

In college, Shaan Patel used $3,000 in extra scholarship money to start a business that now earns $150,000 per year in passive income. He used $3,000 in extra scholarship money to invest in the earliest stage of his company, Prep Expert, a digital SAT and ACT prep course company. We can learn three things from Patel about starting a business that earns $150,000 annually in passive income. His first class took place in the summertime, between school semesters, and included 18 high school students eager to raise their scores. Patel used that money to hire more employees who could create digital courses and provide real-time tutoring for high school kids who needed help in other subjects.

Persons: Shaan Patel, Patel, Mark Cuban, —, you'll, weren't, doesn't Organizations: SAT, ACT, Service, Ivy League, Prep, Business, Tank, Cuban Locations: Las Vegas

☆ Is bald Reddit the nicest place on the internet?
▼ + stars: | 2024-11-27 | by ( Oscar Holland | ) edition.cnn.com time to read: +6 min

CNN —The internet isn’t as nice a place as it used to be. Reddit’s r/bald is a 143,000-strong community (comprised mostly of, presumably, bald men) offering advice, support and encouragement to those who’ve taken, or are considering taking, “the plunge” by shaving off their thinning hair. “If there was a top 10 of bald glow ups, you’d be in there somewhere,” reads one of the 13,000 replies. Friends and loved ones may tell us how great we’d look bald but, sadly, we often care more about what strangers (rather than people whose opinions really matter) think of us. There are other ways in which the platform’s design encourages courteous behavior among bald men and beyond.

Persons: Elon Musk, ”, —, Karl Lagerfeld, you’d, “ Bro, Jason Lancaster, Reddit, I’ve Organizations: CNN, Twitter Locations: Reddit

☆ CNBC Daily Open: A new day, a new Trump policy for markets to digest
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brandon Bell | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.

Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Biden's last-minute missile moves for Ukraine are coming far too late, weakening their effect on the Russians
▼ + stars: | 2024-11-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

It's been a truism that Ukraine has needed the capability to strike the Russian rear for many years at this point." Related storiesA pattern of late aidThe US and other allies have been repeatedly criticized for slowness and hesitancy in giving Ukraine aid and permissions. One American fighting in Ukraine told BI, "It feels like everything that we've been getting has been either too late or it's just enough to barely hold on." AdvertisementA US Army Tactical Missile System (ATACMS) firing a missile into the East Sea during a South Korea-US joint missile drill. Savill said of Biden's missile decision that "the impact may be more political, albeit with a narrowing window of opportunity."

Persons: Joe Biden, Donald Trump, George Barros, It's, Lockheed Martin, Matthew Savill, Michael Bohnert, ISW, we've, Volodymyr Zelenskyy, There's, Barros, Putin, Bohnert, counterattacking, Savill, Ukraine Biden, Trump Organizations: MGM, Tactical Missile Systems, Lockheed, Storm, UK Ministry of Defence, Royal United Services Institute, Russian Defense Ministry Press Service, AP, Biden, Politico, Reuters, RAND Corporation, NATO, Army Tactical Missile, Korean Defense Ministry, Getty, Ukraine, Trump Locations: Ukraine, Russia, Russian, Kursk —, Ukrainian, Kursk, Russia's Kursk, South Korea

☆ 25 photos from the Wildlife Photographer of the Year contest portray the beauty and vulnerability of life in the wild
▼ + stars: | 2024-11-27 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

AdvertisementThe Wildlife Photographer of the Year contest released its finalists for its People's Choice Award. The winner of the contest, hosted by London's Natural History Museum, will be announced in February. The Natural History Museum in London hosts an annual Wildlife Photographer of the Year contest, inviting wildlife and nature photographers from around the world to participate. This year, a panel of judges shortlisted 25 images from 59,228 entries for its People's Choice Award. The top five People's Choice Award images will also be displayed on voting screens at the Wildlife Photographer of the Year exhibition in South Kensington until 29 June 2025.

Persons: Douglas Gurr Organizations: Urban Wildlife, Wildlife Locations: London, South Kensington

☆ There is no such thing as an all-America car. That’s why tariff will raise car prices.
▼ + stars: | 2024-11-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The US government tracks what percentage of each car’s parts is made “domestically.” But under current trade law, both Canadian-made parts and US-made parts are counted as the same domestic content. “Yes, it’s America’s truck, assembled in America, but not with American parts,” Ivan Drury, director of insights for Edmunds, told CNN. Domestic parts could be tough to findFinding domestic supplies for many of the imported car parts would be difficult. Even if an American parts supply could be found, in most cases it would be more expensive. Fewer imported cars would raise all pricesTariffs on imported vehicles likely would also lead to higher prices on cars that are assembled here, since it would limit the supply of vehicles in the US market.

Persons: Donald Trump, Trump, aren’t, Bill Clinton, Bill Pugliano, Honda, “, it’s, ” Ivan Drury, Edmunds, Jeff Schuster, GlobalData, ”, Drury, “ You’re Organizations: New, New York CNN, GM, Ford, Jeep, Dodge, Chrysler, Toyota, Honda, Tesla, Hyundai, Kia, Nissan, Mazda, Subaru, CNN, Chevrolet Blazer, Chevrolet Silverado Locations: New York, Mexico, Canada, American, United States, China, Lincoln , Alabama, Dearborn , Michigan, Michigan, Missouri, America, Saltillo , Mexico

Learn moreIt's good news for streaming fans: the 2024 Disney Plus and Hulu Black Friday deals have arrived, and customers can save more than 70% on the Disney Bundle Duo. The Disney Plus and Hulu deal offers the Disney Bundle Duo Basic, which is the ad-supported Hulu and Disney Plus combo, for $2.99 per month for an entire year. Disney Plus and Hulu Black Friday deals 2024Disney Plus & Hulu Duo Bundle Basic $2.99 $19.98 Save 85% There's a huge double-saving on these two bundled popular ad-supported streaming platforms as this price lasts for 12 months. For combo fans, there's also a Disney Bundle Duo Premium (ad-free Disney Plus and Hulu) for $20 per month. It's a live TV streaming cable alternative with Hulu, Disney Plus, and ESPN Plus bundled in.

Persons: We'd, haven't, there's, It's Organizations: Business, Disney, Hulu Black, Disney Plus, Hulu, Black, Disney Hulu, ESPN Plus, ESPN Locations: Hulu

☆ Sean ‘Diddy’ Combs is denied bail for a third time
▼ + stars: | 2024-11-27 | by ( Kara Scannell | ) edition.cnn.com time to read: +3 min

CNN —Sean “Diddy” Combs will remain in jail after a judge rejected his latest attempt for release while the rapper and music producer awaits trial on charges of sex trafficking and racketeering conspiracy. Judge Arun Subramanian denied Combs’ team’s motion for release on Wednesday. His decision followed a two-hour court hearing on Friday where he appeared to explore potential options and questioned prosecutors’ allegation that Combs continued to obstruct the ongoing investigation. Federal prosecutors argued that Combs could not be trusted on bail because he flouted the rules of the jail and judge. Prosecutors allege Combs tried to evade law enforcement monitoring by using several techniques, including three-way calling, to contact witnesses.

Persons: Sean “ Diddy ” Combs, Arun Subramanian, Combs, –, “, ”, scoffed, that’s “, Judge Subramanian Organizations: CNN, Metropolitan Detention Center, Prosecutors Locations: Miami

For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.

Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America

☆ Generative AI's hype has yet to lead to a must-have gadget for the holiday season
▼ + stars: | 2024-11-27 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Generative artificial intelligence has taken Silicon Valley by storm since the launch of OpenAI's ChatGPT chatbot in November 2022. There was a lot of optimism over the potential of GenAI gadgets at the CES trade show in January, said Paul Gagnon, vice president for analyst firm Circana. Additionally, consumers may find current GenAI devices too expensive, and they may be confused about what the devices can actually do, he said. The reality is that while GenAI has captivated Silicon Valley, it's still "inning zero" in regard to widespread adoption, Bajarin said. Despite Silicon Valley not having a breakout year for GenAI hardware, here are a few GenAI devices early adopters can buy.

Persons: chatbot, Paul Gagnon, Gagnon, we've, — there's, hasn't, Ben Bajarin, Ray, Bajarin, Ryan Reith, Reith, GenAI, Steve Koenig Organizations: Nvidia, CES, Creative, Microsoft, Apple, Intel, Dell, Lenovo, IDC, Consumer Technology Association Locations: Silicon

☆ Goldman Sachs Asset Management is fired up about the economy heading into 2025 — but serious risks are still lurking under the surface
▼ + stars: | 2024-11-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

AdvertisementThe global economic expansion will continue into 2025, according to Goldman Sachs Asset Management. "But it's all a give and take here, because we're also going to be seeing a lot of efficiencies come into the labor market, potentially." GSAM strategists aren't sweating about the labor market yet, but they're watching those trends closely. Despite their lofty valuations, GSAM isn't bailing on US equities. That may finally change in 2025 as China's government gets serious about economic stimulus, Wilson-Elizondo said.

Persons: Alexandra Wilson, Elizondo, Goldman, Trump's, Wilson, We're, we're, corporates —, it's, aren't, isn't, GSAM Organizations: Goldman Sachs Asset Management, Management, Trump, Companies, Goldman, Wilson

Ana LuisaAna Luisa is a team favorite and our top pick for the best place to buy affordable fine jewelry. Studs Baroque Pearl Huggie $22.40 $32.00 Save 30% A freshwater pearl adds a touch of romance to your classic huggie. View at StudsOak and LunaThe jewelry pieces we choose to wear say a lot about who we are, but personalized jewelry takes that up a notch further. Oak and Luna is our go-to for personal jewelry pieces, as they have a huge variety of totally customizable pieces. Ring Concierge Movement Cloud Ring $278.60 $398.00 Save 30% This solid gold ring adds intrigue with its dynamic, flowing design.

Persons: Ana Luisa Ana Luisa, They're, Ana Luisa, Ana Luisa's, you'll, Mejuri Mejuri, Luna, it's, you've, that’s, Diamond Organizations: Business, Studs, Luna Black

☆ Here are Wednesday's biggest analyst calls: Nvidia, Dell, Amazon, Disney, Dick's, Urban Outfitters, Amazon, Ford & more
▼ + stars: | 2024-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

JPMorgan upgrades Martin Marietta Materials to overweight from neutral JPMorgan says the building materials company is well positioned. JPMorgan reiterates HP Inc. as overweight JPMorgan says it's standing by the stock following earnings on Tuesday. Bank of America reiterates CrowdStrike as buy Bank of America says trends are improving for CrowdStrike following earnings on Tuesday. Citi upgrades Urban Outfitters to buy from neutral Citi upgraded the stock following earnings and says it likes the retailer's execution. HSBC downgrades CrowdStrike to hold from buy HSBC downgraded CrowdStrike following its earnings and says it sees "limited near-term visibility."

Persons: Goldman Sachs, Goldman, Piper Sandler, Baird, it's bullish, Daiwa, Datadog, CrowdStrike, Bernstein Organizations: Dell Technologies, DELL, JPMorgan, Martin Marietta Materials, HP Inc, Holdings, Disney, DIS, Bank of America, Nvidia, Citi, Urban Outfitters, UBS, Goods, HSBC, CrowdStrike, Ford, General Motors

☆ The best reading order for Jennifer L. Armentrout's 'Blood and Ash' and 'Flesh and Fire' series
▼ + stars: | 2024-11-27 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

AdvertisementJennifer L. Armentrout is releasing the sixth "Blood and Ash" book in June 2025. Armentrout's "Blood and Ash" and "Flesh and Fire" series are interconnected, which can confuse readers. As a devoted reader of fantasy and romance books, it's no surprise I binged Jennifer L. Armentrout's New York Times bestselling "Blood and Ash" series. I've since become a huge fan of "Blood and Ash" and its companion series, "Flesh and Fire," which Armentrout has been publishing since 2021. Armentrout also created a prequel series to 'Blood and Ash'Armentrout has published a prequel series to "Blood and Ash" called "Flesh and Fire."

Persons: Jennifer L, it's, Armentrout's, Sarah J, Maas, Armentrout, Solis, Poppy, Hawke, Seraphena, Sera, It's, Ash, you'll Organizations: Armentrout's New York Times, Blue Box Press, Goodreads Locations: Sera

☆ Samsung Electronics appoints co-CEO in leadership shuffle focused on chip divisions; shares drop
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Samsung Electronics on Wednesday announced changes in the leadership of its memory and foundry chip divisions, as the company faces intense competition in the semiconductor space. The South Korean tech giant appointed Jun Young-hyun as co-CEO and head of the memory chip arm, while Han Jin-man will become the president and head of the company's foundry business. Samsung Electronics was once the leading force in the memory chip sector, and appeared well-positioned to take advantage of the boom in artificial intelligence. Last month, Jun, who has been overseeing the semiconductor division since May, issued a rare apology after the company posted disappointing third-quarter profit guidance. Samsung's chip business posted a sharply lower third-quarter profit compared to the previous quarter.

Persons: Jun Young, Han Jin, Nam Seok Woo, Samsung Organizations: Samsung Electronics, South, Samsung, SK Hynix, Nvidia, Citi, Device Solutions

☆ American Express CEO on small business economic recovery, health of the American consumer
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Express CEO on small business economic recovery, health of the American consumerStephen Squeri, American Express CEO, joins 'Squawk on the Street' to discuss American Express' focus on small businesses, the health of the American consumer, and much more.

Persons: Stephen Squeri Organizations: American Express, American

☆ Pentagon unlikely to use all of the billions Congress authorized it to spend on Ukraine weapons before Biden leaves office, officials say
▼ + stars: | 2024-11-27 | by ( Oren Liebermann | Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +6 min

CNN —The Pentagon is unlikely to use all of the billions of dollars authorized by Congress to arm Ukraine before President Joe Biden leaves office, according to two US officials and three defense officials. For months, the US has run into the limits of its ability to replenish its own weapons inventories, which limited what the Biden administration has been able to send Ukraine. In September, Biden committed billions of dollars in military aid to Ukraine as President Volodymyr Zelensky visited the White House. The US announced a $1 billion military aid package for Ukraine that same day. But the value of aid packages quickly dipped, as the stockpiles of weapons and equipment the Pentagon was able to send Kyiv dwindled.

Persons: Joe Biden, Biden, Sabrina Singh, “, Donald Trump, Trump, Mike Waltz, ”, Jake Sullivan, “ We’re, Volodymyr Zelensky, what’s, Mike Johnson, “ It’s, ” Biden Organizations: CNN, Congress, Defense Department, Pentagon, Street Journal, ” State Department, Kyiv, Biden, DoD, White, Administration, US, Ukraine Locations: Ukraine, Russia, America

☆ A Stray Dog Climbed an Egyptian Pyramid. Along Came a Paraglider.
▼ + stars: | 2024-11-27 | by ( Franz Lidz | ) www.nytimes.com time to read: +1 min

They say that every dog has its day, and for Apollo, a young stray who roams the Giza necropolis in Greater Cairo, that day was Oct. 14. “I looked down and saw something move,” said Mr. Lang, an accountant from Atlanta. “He just stood there confidently, like he was king or maybe pharaoh of the hill,” Mr. Lang said. Mr. Lang filmed a short video that quickly became an overnight sensation, amassing 28 million views on Instagram and trending on several other online platforms. “The workers at the Giza pyramid complex had already named him Apollo.”

Persons: Alex Lang, ”, Lang, Mr, Vicki Michelle Brown Organizations: Cairo Animal Rescue Foundation Locations: Greater Cairo, Khafre, Atlanta, Instagram, Cairo

☆ Miami, New York, San Jose: The top 10 big U.S. cities where residents spend the most on monthly bills
▼ + stars: | 2024-11-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

This week, bill pay service doxo released The Bill Pay Economy™ 2024. In the report, shared exclusively with CNBC Make It, doxoINSIGHTS found that Americans spend close to $3.35 trillion per year on the ten most common household bills. Using data sourced from bill pay activity on the doxo platform, and rent and mortgage numbers from the U.S. Census, they analyzed costs across the 50 largest cities in the country to rank the most — and least — expensive. "The biggest indicator of an expensive place to live is housing," Powell says. "People spend the most on where they live, whether that's mortgage or rent."

Persons: doxo, doxoINSIGHTS, Liz Powell, Powell Organizations: CNBC, Census, Utilities, Cable, Mobile, West Coast Locations: U.S, West, West Coast ., California

☆ Get ready to pay more at Chipotle
▼ + stars: | 2024-11-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Chipotle's sales rose 6% last quarter, showing resilience amid fast food price hikes. AdvertisementDespite the potential for higher menu prices, Chipotle remains a better value option for customers than similar alternatives, Rymer said, per the Journal. Inflation has not been kind to fast food prices. AdvertisementUnlike some fast food firms, whose sales have taken a tumble as customers have cut back, Chipotle has shown resilience. Chipotle did not immediately respond to a request for comment from Business Insider, made outside regular working hours.

Persons: Adam Rymer, Chipotle, Rymer, Brian Niccol, Niccol, Scott Boatwright Organizations: Wall Street Journal, Wall, Starbucks, McDonald's, KFC, Revenue, Business Locations: Chipotle, Olive

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