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☆ Chipotle Mexican Grill to launch new spinoff, Farmesa Fresh Eatery, in a ghost kitchen
▼ + stars: | 2023-02-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Chipotle Mexican Grill is launching a new spinoff, called Farmesa Fresh Eatery, in a California ghost kitchen. And, "when the time is right," Lawton said, Chipotle will use its loyalty program database to attract potential Farmesa customers. When opened, the Santa Monica location will be Kitchen United's 24th ghost kitchen. For Chipotle, Kitchen United's model allows the restaurant chain to test out the new brand with reduced risk. For now, Chipotle's chief purpose with the location is simply to learn, but that doesn't mean Farmesa won't grow.

☆ These were the top Airbnb listings in the U.S. in 2022—including an off-the-grid dome in Terlingua, Texas
▼ + stars: | 2023-02-15 | by ( Celia Fernandez | ) www.cnbc.com time to read: +5 min

The homes span from a tiny escape in Nashville, Tennessee to an off-the-grid dome in Terlingua, Texas. In addition to being able to use the pool, guests can take advantage of the light breakfast that is offered. Julia E. Steele / AirbnbThis tiny home has been on Airbnb's list of top listings several times over the years. Domeland: Off-grid Adobe Dome near Big Bend - Terlingua, TexasThis adobe dome in Terlingua, Texas is close to Big Bend National Park. Trevor Reichman / AirbnbThis dome is an earthen structure powered by solar power and is close to Big Bend National Park in Texas.

☆ Buyout barons reach deep into their bags of tricks
▼ + stars: | 2023-02-15 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

NEW YORK, Feb 15 (Reuters Breakingviews) - Debt necessity is proving to be the mother of private equity invention. With the cheap borrowing that fueled record-breaking years of leveraged buyouts gone, firms are digging deeper into their bags of tricks. Private equity firm Silver Lake, which bought a stake alongside the IPO, said it might take control. Besides putting private equity firms into weaker negotiating positions, the competing incentives also threaten conflicts of interest with limited partners. ...THERE’S A WAYIf the U.S. Federal Reserve avoids engineering a recession, private equity should be able to revert to its tried-and-true formula soon enough.

☆ Who is Jared Bernstein, new chief White House economist?
▼ + stars: | 2023-02-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

Americans remain unimpressed by Biden's economic performance, with prices of many basic goods and mortgage rates high. Bernstein, who played the double bass in jazz bands and worked as a social worker in New York City, has long been a voice for progressive economic policy. He served in the Labor Department under former President Bill Clinton and then as Biden's chief economist when he was vice president. At the Economic Policy Institute, a Washington think tank, he wrote and testified to Congress extensively on the shrinking U.S. middle class, a bedrock Biden theme. U.S. business groups worry that Bernstein's labor ties and anti-free trade stance could hamper efforts to bolster trade ties with other countries.

☆ A New Jersey spaghetti restaurant plans to ban kids because of noise and 'crazy messes'
▼ + stars: | 2023-02-12 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

An Italian restaurant in New Jersey says it will ban kids under the age of 10 from next month. One commenter on Instagram said: "I didn't think I could love Nettie's more but here we are!" In posts on Facebook and Instagram stated: "We love kids. Another said: "I didn't think I could love Nettie's more but here we are!" Nettie's House of Spaghetti did not immediately respond to a request for comment from Insider, sent outside normal working hours.

☆ Hundreds of flexitarians are flocking to this vegan burger upstart. Here's why.
▼ + stars: | 2023-02-11 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

Plant-based burger chain Next Level Burger is backed by Whole Foods. He'd given up red meat in 2010, after his mother died of cancer at 56. Both became early backers of de Gruyter's brand, Next Level Burger, which has grown to nine restaurants in six states. Following a $20 million raise last fall, Next Level Burger opened its 10th location and second restaurant in Seattle in late January. Next Level Burger patties are made of quinoa and mushrooms.

☆ Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9% in 2022 -letter
▼ + stars: | 2023-02-10 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

U.S. stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets. The assets minus the liabilities in Ackman's fund trade at a discount to its share price. "This possibility is also something that we do not feel is currently reflected in PSH's share price," it said. The interest rate hedges were initiated in late 2020 and early 2021. In 2022 the fund entered new positions in long-term interest rates, currencies and energy it said.

Under Musk’s leadership, Twitter has slashed its staff, relaxed some of its content moderation policies and reinstated a number of incendiary accounts that were previously banned. Those moves raised concerns that Musk’s Twitter could contribute to a rise in public displays of hate and antisemitism offline. Musk, however, has repeatedly pushed back at claims that hate speech is rising on the platform. Twitter, which eliminated much of its public relations team during last year’s layoffs, did not immediately respond to a request for comment. “With this direct and heightened threat environment in mind, how will you work with other stakeholders to combat the rise of antisemitism on Twitter?,” Moskowitz concludes in his letter to Musk.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Disney delivers, market rally back, another activist in Salesforce
▼ + stars: | 2023-02-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The outlook for Club holding Wynn Resorts (WYNN) hasn't been this good since the Covid pandemic started. I've been saying more needs to be done to right the ship at this Club holding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Here are Credit Suisse's favorite stocks for February
▼ + stars: | 2023-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Credit Suisse refreshed its "top of the crop" stock picks for February, as the market tries to build on its strong start to the year. Despite the uncertain market backdrop, Credit Suisse highlighted several stocks it thinks can outperform going forward. Credit Suisse has a price target of $27 per share, implying upside of 18.2%. Credit Suisse also sees strong gains for software stock ServiceNow, with the bank's price target of $575 implying upside of more than 20%. Credit Suisse set its target price for shares at $830, implying a 15.2% upside from Tuesday's close.

☆ Angry senators grill Pentagon officials over Chinese spy balloon response
▼ + stars: | 2023-02-09 | by ( Christina Wilkie | ) www.cnbc.com time to read: +2 min

Rear Admiral Fred Kacher, director for operations of the Joint Staff, during a Senate Appropriations Subcommittee hearing in Washington, DC, US, on Thursday, Feb. 9, 2023. Senator Lisa Murkowski (R-AK) questions witnesses during a Senate Appropriations Defense Subcommittee hearing on Capitol Hill about the suspected Chinese spy balloon that was shot down in Washington, U.S., February 9, 2023. The hearing was part of a series of events Thursday morning in Congress, all related to the spy balloon. In the House, a resolution condemning "the Chinese Communist Party's use of a high-altitude surveillance balloon" passed unanimously, 419-0. That vote took place shortly after House members received a classified briefing about the balloon and the recovery efforts from defense and intelligence officials.

☆ Stocks making the biggest moves premarket: Uber, Chipotle, Microsoft, Lumen and more
▼ + stars: | 2023-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Uber — The ride-hailing app's shares rose more than 7% after it posted fourth-quarter earnings that topped analyst estimates. Uber earned 29 cents a share, beating analysts' estimate of an 18 cent loss, Refinitiv data showed. This year's adjusted earnings guidance missed StreetAccount estimates. Fortinet — The cybersecurity company's shares rose 11% after it beat analysts' estimates in the most recent quarter by five cents a share, according to StreetAccount. Under Armour earned adjusted EPS of 16 cents vs a StreetAccount estimate of 9 cents.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Biden address, video games, Uber earnings
▼ + stars: | 2023-02-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Alphabet (GOOGL), also a Club stock, unveiled AI chatbot, rival Bard. Earnings guidance 52 cents per share to 56 cents versus prior guidance 44 cents per share to 48 cents. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Movie theaters get creative with food and drink as they struggle to fill seats
▼ + stars: | 2023-02-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

At many movie theaters, popcorn and soda appear alongside flatbreads, lobster grilled cheese and elaborate cocktails. "It is things like concessions and how that fits into a broader movie theater experience that really are things that movie theaters need to focus on and hammer in," Gallinari said. AMC Entertainment , the world's largest movie theater chain, exited its third quarter with more than $5.3 billion in debt. According to data from research firm EntTelligence, the average medium popcorn at domestic movie theaters is $8.14, while a medium drink runs for $6.20. "With movie theaters and concessions already having a reputation for being overpriced, being subject to the wills of the market in that way can really work against the movie theater's favor," Gallinari said.

☆ Worker shortage gives U.S. reason to robotize
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 8 (Reuters Breakingviews) - The U.S. labor shortage isn’t going anywhere, at least according to U.S. Federal Reserve Chair Jerome Powell. Worker productivity, measured as output per hour, fell last year and still sits below the late-2021 peak. If the shortage is, in fact, structural, robots offer businesses an alternative to increasingly expensive labor. A burrito-rolling bot might not replace workers quite yet, but planning for it could be prudent amid the hiring rat race. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Feb 7 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) missed quarterly comparable sales and profit expectations on Tuesday, as customers pulled back on expensive delivery orders and traffic stalled in December. Comparable sales at California-based Chipotle rose 5.6% in the fourth quarter ended Dec. 31, while analysts on average expected a 7.1% rise, according to Refinitiv IBES. Visits to Chipotle restaurants fell 10.2% in the fourth quarter, according to data from Placer.ai. Delivery transactions also tumbled 15% as in-store orders surged, and Chipotle restaurants "didn't see that pop" that they normally get in December around the holidays, Chief Financial Officer Jack Hartung said on the call. We think inflation will be reasonably tame," Hartung said, adding that the company had not yet decided whether to raise menu prices further in 2023.

☆ Chipotle misses quarterly sales estimates as traffic stalls
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) missed quarterly comparable sales expectations on Tuesday, in a sign that price hikes are taking a toll on demand for the restaurant's burritos and rice bowls. Visits to Chipotle restaurants fell 10.2% in the fourth quarter, according to data from Placer.ai. Comparable sales at the California-based chain rose 5.6% in the fourth quarter ended Dec. 31, while analysts on average expected a 7.1% rise, according to Refinitiv IBES. Revenue rose to $2.18 billion from $1.96 billion in the quarter, missing estimates of $2.23 billion. Some investors are worried about the cadence of falling traffic in 2022, analysts at Cowen said in a research note.

☆ Chipotle Profit Hit by Higher Labor Costs
▼ + stars: | 2023-02-07 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Chipotle plans to add another 255 to 285 locations in 2023 to its nearly 3,200 total restaurants. Chipotle Mexican Grill Inc. said that higher costs associated with labor cut into its profit in its most recent quarter, while sales were depressed during the holidays. The burrito chain said Tuesday that staff sick pay and medical expenses contributed to elevated costs during its fourth quarter. The company reported per-share earnings adjusted for one-time items of $8.29 for the period that ended Dec. 31, below analysts’ expectations of $8.91 per share, according to FactSet.

☆ Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales
▼ + stars: | 2023-02-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may finally be alienating customers. Excluding certain legal expenses, corporate restructuring costs and other items, Chipotle earned $8.29 per share. The company's same-store sales rose just 5.6%, falling short of StreetAccount estimates of 6.9% and coming in weaker than Chipotle's own forecast from late October. The company said it's projecting same-store sales growth in the high-single digits for the first quarter of 2023, based on January same-store sales growth in the low double-digits. Wall Street was anticipating first-quarter same-store sales of 6.7%, according to StreetAccount estimates.

☆ Stocks making the biggest moves after hours: Chipotle, Enphase Energy, Fortinet and more
▼ + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The burrito chain reported earnings of $8.29 per share on revenue of $2.18 billion. Enphase Energy — The solar stock jumped more than 8% after Enphase Energy reported quarterly results that topped analysts' expectations for earnings per share and revenue, according to FactSet. Fortinet — Shares surged more than 14% in extended trading after Fortinet surpassed earnings per share expectations, according to StreetAccount. The cybersecurity company posted 44 cents per share, greater than the expected 39 cents per share. Yum China reported earnings of 13 cents per share, lower than expectations for 15 cents per share.

☆ Futures inch higher ahead of Powell speech
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures: S&P up 0.13%, Nasdaq up 0.27%, Dow flatFeb 7 (Reuters) - U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher. Nasdaq 100 e-minis rose the most among futures tracking Wall Street's three main indexes. Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. So far, 254 companies on the S&P 500 have reported quarterly earnings, with 69.3% of them beating expectations, according to Refinitiv. ET, Dow e-minis were up 4 points, or 0.01%, S&P 500 e-minis were up 5.25 points, or 0.13%, and Nasdaq 100 e-minis were up 34 points, or 0.27%.

☆ Bayer says chemicals farmers use to fight insects are safe, but it's more complicated than that, says its ESG head
▼ + stars: | 2023-02-06 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

The European Union, also in 2018, banned some pesticides that Bayer makes because scientists and regulators linked them to deaths of bees. "It felt like we were on the grill at a barbecue," Kunz, Bayer's head of environmental, social, and governance strategy, told Insider. Beyond neonicotinoids, Kunz said Bayer's strategy to meet its environmental targets involved what he called a more systems-based approach. Bayer also makes digital tools that help farmers apply fertilizer and pesticides more precisely, which can dramatically reduce how much they're needed, Kunz said. Bayer's sustainability efforts are attracting at least some ESG investors and ratings firms.

☆ Mediterranean restaurant chain Cava confidentially files for an IPO
▼ + stars: | 2023-02-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Mediterranean chain Cava announced Monday it has confidentially filed for an initial public offering. It's the first restaurant company so far this year to take the first step toward a public market debut, following a drought of IPOs in 2022. In 2018, it bought Zoes Kitchen for $300 million, taking the chain private. The company is converting Zoes locations into new Cava restaurants, expanding its footprint. Cava also sells its dips and spreads, like spicy hummus, tzatziki and tahini dressing, at Whole Foods and other grocery stores.

☆ Earnings playbook: Your best moves ahead of Chipotle, Disney and the second half of reporting season
▼ + stars: | 2023-02-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Roughly 50% of S & P 500 companies have posted earnings thus far, and the results have been mixed. Tuesday Chipotle Mexican Grill is set to report earnings after the bell, followed by a conference call at 4:30 p.m. What history shows: Data from Bespoke Investment Group shows Chipotle beats earnings expectations 76% of the time and averages a 1.7% gain on earnings day. What history shows: Bespoke data shows Disney beats earnings per share estimates nearly 80% of the time. What history shows: PayPal earnings have beaten analyst earnings expectations nine of the last 10 quarter, according to FactSet.

☆ Disney, Pepsi, Uber Set to Report During Lackluster Earnings Season
▼ + stars: | 2023-02-04 | by ( Dia Gill | ) www.wsj.com time to read: 1 min

PepsiCo Inc., Uber Technologies Inc. and Walt Disney Co. are among the companies slated to report earnings in the coming week, during an earnings season marked by cooling demand and throttled profits. Investors will also hear from the food makers Kellogg Co. and Tyson Foods Inc., the healthcare companies CVS Health Corp. and AbbVie Inc., as well as the private-equity firms KKR & Co. and Apollo Global Management Inc. Other companies reporting earnings include PayPal Holdings Inc., S&P Global Inc. and Chipotle Mexican Grill Inc.

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