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While the human tragedy dominates the broader global news agenda, its hold on global markets has typically loosened pretty quickly. Inflation-adjusted real rates matter more when deciding whether to hold gold. The 2014 Gaza War lasted about six weeks and saw Israeli forces cross the border into Gaza. The 2008-09 Gaza War also echoes today's situation and saw Israeli forces cross into Palestinian territory. And over the course of the 2014 Gaza War Brent crude fell around $10 to $93 a barrel.

Persons: Dado Ruvic, Jim Reid, Brent, Michael Every, Jamie McGeever, Jonathan Oatis Organizations: REUTERS, Rights, Barclays, Deutsche, Benchmark, Swiss, Rabobank, Reuters, Thomson Locations: Rights ORLANDO , Florida, Israel, Lebanon, Gaza

The trip by Army General Michael "Erik" Kurilla, head of U.S. Central Command, is the latest by a senior U.S. official to Israel ahead of an expected ground assault by Israel's military in Gaza. The Pentagon is also rushing weaponry, including air defenses and munitions, to Israel. "I'm here to ensure Israel has what it needs to defend itself, particularly focused on avoiding other parties expanding the conflict," Kurilla told Reuters, which is traveling with him, in brief remarks before landing. A U.S. official told Reuters Kurilla was scheduled to hold high-level meetings with Israel's military leadership, ensuring a clear understanding of the close U.S. ally's defense requirements. Clashes this last week have been the deadliest in the Lebanon border area since a 2006 war between Israel and Hezbollah.

Persons: Michael, Erik, Kurilla, Jehad, Joe Biden, Reuters Kurilla, Biden, Israel, Antony Blinken, Phil Stewart, Stephen Coates Organizations: U.S . Central Command, Jordan, REUTERS, American, Palestinian, Hamas, Army, U.S, Pentagon, Reuters, United, Hezbollah, Thomson Locations: U.S, Jordan, Amman's, TEL AVIV, Israel, Gaza, Iran, Washington, United States, Lebanon, Lebanese

☆ Clashes at Lebanon-Israel border raise fears of wider war
▼ + stars: | 2023-10-16 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +7 min

Smoke rises from Israeli artillery shelling in Dahaira, in southern Lebanon, at the border with Israel on October 16. Hussein Malla/APIsraeli soldiers patrol a road near the border with Lebanon, on Monday, amid threat of a regional conflict between Israel and Iran-backed Hezbollah. It is an ominous sign of what may come if the situation on the Lebanon-Israel border combusts into a full-scale war. By Friday morning, three Israeli soldiers and three Hezbollah fighters had been killed in the exchanges across the border. On Sunday, the Lebanese militants fired at several Israeli locations at the border, killing one civilian and one soldier.

Persons: Southern Lebanon CNN —, Hussein Malla, Francisco Seco, Amir Abdollahian, ”, “, Gerald Ford —, Israel, Issam Abdallah, Abdallah, Israel —, Israel’s, Bashar al, Assad, Hassan Nasrallah, Nasrallah Organizations: Southern, Southern Lebanon CNN, Hezbollah –, Revolutionary Guard Corps, Iran’s, US, CNN, Israeli Apache, Hezbollah, Palestinian, ISIS, Observers, Israel Locations: Southern Lebanon, Israel, Iran, United States, Lebanon, Syria, Golan, Tehran, Dahaira, Tunisia, Malaysia, Pakistan, Gaza, Palestinian, Israeli, Hanita, Russian

☆ Exclusive-Senior US General Flies Into Israel as Its War With Hamas Deepens
▼ + stars: | 2023-10-16 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

The trip by Army General Michael "Erik" Kurilla, head of U.S. Central Command, is the latest by a senior U.S. official to Israel ahead of an expected ground assault by Israel's military in Gaza. "I'm here to ensure Israel has what it needs to defend itself, particularly focused on avoiding other parties expanding the conflict," Kurilla told Reuters, which is traveling with him, in brief remarks before landing. A U.S. official told Reuters Kurilla was scheduled to hold high-level meetings with Israel's military leadership, ensuring a clear understanding of the close U.S. ally's defense requirements. U.S. Secretary of State Antony Blinken held hours of talks with Israel's war cabinet in Israel on Monday, and was once forced to shelter in a bunker for five minutes when air raid sirens went off. Clashes this last week have been the deadliest in the Lebanon border area since a 2006 war between Israel and Hezbollah.

Persons: Phil Stewart TEL, Michael, Erik, Kurilla, Joe Biden, Reuters Kurilla, Biden, Israel, Antony Blinken, Phil Stewart, Stephen Coates Organizations: Reuters, American, Palestinian, Hamas, Army, U.S . Central Command, U.S, Pentagon, United, Hezbollah Locations: Phil Stewart TEL AVIV, Israel, U.S, Gaza, Iran, Washington, United States, Lebanon, Lebanese

☆ IDF video shows Israeli navy unit spraying machine gun fire at Hamas fighters 'swimming' toward coast
▼ + stars: | 2023-10-15 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Footage released by the IDF showed members of the navy's "Snapir" unit fighting off Hamas militants. The IDF said militants "were swimming toward the shoreline in an attempt to infiltrate Israel by sea." The Palestinian militant group Hamas' sea attack came as part of a wider wave of surprise attacks by land, sea, and air on October 7. The footage appears to show Israeli troops shooting and throwing grenades or depth charges from Defender-class boats at Hamas fighters. The insurgents on-board were thrown into the Mediterranean Sea and then attempted to swim toward the coast, the IDF said.

Persons: —, paragliders, Gerald R, It's Organizations: Service, Israel Defense Forces, Palestinian, Hamas, YouTube, Israel's 916th Patrol Squadron, Navy, Unit, Twitter, YouTube Israel, Defense, British, Royal Marines, Ford, Israel, Hezbollah Locations: Israel, Israel's, Haifa, Ashdod, Eilat, Israeli, Iran, Lebanon, Gaza

KHIAM, Lebanon (AP) — Reuters videographer Issam Abdallah who was killed in Israeli shelling of southern Lebanon, was laid to rest in his hometown Saturday in a funeral procession attended by hundreds of people. Draped in a Lebanese flag, Abdallah’s body was carried on a stretcher through the streets of his southern town of Khiam, from his family’s home to the local cemetery. France’s international news agency, Agence France-Presse, said two of its journalists were also wounded: photographer Christina Assi, and video journalist Dylan Collins. The Lebanon-Israel border has been witnessing sporadic acts of violence since Saturday's surprise attack by the militant Palestinian group Hamas on southern Israel. Journalists from various countries have been flocking to Lebanon to monitor the situation as tensions have been escalating between Hezbollah and Israel.

Persons: —, — Reuters videographer Issam Abdallah, Abdallah, Alma al, Beirut’s, Israel, Richard Hecht, ” Hecht, ”, Thaer Al, Sudani, Maher Nazeh, Qatar’s, Elie Brakhya, Carmen Joukhadar, Christina Assi, Dylan Collins Organizations: — Reuters, Hezbollah, Foreign, United Nations, National News Agency, Associated Press, Reuters, ” Reuters, Jazeera, Agence France, AFP, American University Medical, Hamas, Journalists Locations: KHIAM, Lebanon, Lebanese, Khiam, Alma, Israeli, Jerusalem, Beirut, Israel, Palestinian

No decision on a ground offensive has been announced, although Israel has been massing troops along the Gaza border 3. Israeli military spokesman Read Adm. Daniel Hagari said Saturday Israel had so far identified 126 captives. GERMANY TO START EVACUATING CITIZENS FROM ISRAELBERLIN — The German army will start evacuating its citizens from Israel with military airplanes. Hezbollah said its fighters struck several Israeli military positions in the disputed Chebaa Farms and Kfar Chouba hills in the afternoon. ISRAELI MILITARY ANNOUNCES IT IS PREPARED FOR ‘COORDINATED’ OFFENSIVEJERUSALEM — The Israeli military says it has prepared a “coordinated” offensive in the Gaza Strip involving air, ground and naval forces.

Persons: Israel, Lloyd Austin, “, Israel —, ”, Yifat Zailer, Zailer, Read, Daniel Hagari, Hezbollah’s, Ali Youssef Alaaeddine, Alaaeddine, ERDOGAN'S, Recep Tayyip Erdogan, Bilal Erdogan, Suleyman Soylu, Mustafa Sentop, ” Erdogan, Sentop, Khalil Hachem, Rabad Akoum, ” Israel, Ismail Haniyeh, ” Haniyeh, Haniyeh, Mohammad Abu Selim, Medhat Abbas, Hakan Fidan, Sameh Shoukry, IT'S, ROME —, “ We’ve, Antonio Tajani, Tajani, —, ” Tajani, TT, Tobias Billström, Elina Valtonen, Hossein Amirabdollahian, Saleh Arouri, Ziad Nakhaleh, Amirabdollahian Organizations: United Nations, Gaza, United States Defense, TEL, ISRAEL BERLIN —, Hamas, Lufthansa, BEIRUT —, Associated Press, AP, Ministry, Sunday, South, MEDIA, BEIRUT, National News Agency, OFFICIAL, EGYPT BEIRUT —, OF, Gaza —, Shifa, Health Ministry, FROM, Romania — Romania’s Ministry of Foreign Affairs, Israel, NORDIC, FROM ISRAEL HELSINKI, Nordic, Helsinki Airport, Iran’s, Manar, Islamic, Hezbollah Locations: Gaza City, Israel, Gaza, Egypt, Israeli, Lebanon, ISRAEL, SYRIA, TEL AVIV, Syria, Golan, GERMANY, Germany, Jordan, BEIRUT, Palestinian, ISTANBUL ISTANBUL, Istanbul, United States, Tel Aviv, Dubai, South, Lebanese, Chebaa, Kfar Chouba, JERUSALEM, EGYPT BEIRUT, GAZA, Shifa, FROM ISRAEL, TURKEY, ISTANBUL, Turkish, Embassy, Turkey, BUCHAREST, Romania, Romanian Embassy, ITALY, ROME, Italian, Rome, FINNS, Finland, Sweden, Helsinki, Stockholm, Swedish, Stockholm’s Arlanda, Beirut, Hezbollah’s, Amirabdollahian, Iran, Iraq, Jihad

☆ Israel Uses Drone to Target Hezbollah in Lebanon as Clashes Intensify
▼ + stars: | 2023-10-13 | by ( ) www.wsj.com time to read: 1 min

The Israeli military said Friday that it used a drone to target Hezbollah positions in southern Lebanon as tensions along the border intensify. Israel didn't immediately say what it struck, but Hezbollah said that the drone hit targets along the Lebanon-Israel border. Israel has relied largely on artillery and tank fire to target Hezbollah positions in the past week. Israel and Hezbollah have traded deadly fire in the days since Hamas carried out its weekend terrorist attack that killed more than 1,300 Israelis, raising fears that the Lebanese militant group will attack Israel from the north. The U.S. and Israel have warned Hezbollah not to enter the fight.

Persons: Israel didn't, Israel Organizations: Lebanese Locations: Lebanon, Israel, The U.S

☆ A Reuters journalist died after his crew was struck by Israeli artillery
▼ + stars: | 2023-10-13 | by ( Jyoti Mann | Chris Panella | ) www.businessinsider.com time to read: +4 min

Reuters journalist Issam Abdallah died in an artillery strike near the Israel-Lebanon border. The crew were struck while filming a livestream video for Reuters, which has since been removed. AdvertisementAdvertisementA Reuters journalist died following an Israeli artillery strike near the Israel-Lebanon border Friday, a horrific incident captured on video that underscores the dangers to covering the intensifying conflict. The news agency confirmed in a statement that its videographer Issam Abdallah was killed when his crew was struck, a moment seen in a livestream video by Reuters on YouTube. Reuters' journalist Issam Abdallah takes a selfie picture while working in Maras, Turkey, February 11, 2023.

Persons: Issam Abdallah, —, Journalists Thaer Al, Sudani, Maher Nazeh, Issam, QJ0TSxaNHO — Organizations: Reuters, Service, YouTube, Journalists, REUTERS, QJ0TSxaNHO — Reuters, Protect Journalists, Israeli Air Force, IDF Locations: Israel, Lebanon, Maras, Turkey, Gaza

☆ Why have guns gone quiet on the Israel-Lebanon border?
▼ + stars: | 2023-10-12 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +5 min

After five days of near constant crossfire between fighters in Lebanon and Israeli forces, the guns seem to have largely gone quiet. Hezbollah’s political stance has unambiguously supported the Palestinian militants. Hezbollah has fired back at Israeli border positions with precision-guided missiles. Mahmoud Zayyat/AFP via Getty ImagesThree Hezbollah militants and three Israeli soldiers have been killed in the nearly week-long exchange of fire here. Thursday’s calm on the Lebanon-Israel border – interrupted occasionally by Israeli interceptions of rockets from Palestinian militants – begs many questions.

Persons: Israel’s, Mahmoud Zayyat, Gerald R Ford, Houthi, Bashar al, Assad, Syria’s, Sayyed Hashem Safieddine, Lebanon's, Emilie Madi, Hassan Nasrallah, – Organizations: Lebanon CNN, Palestinian, United Nations Interim Force, UNIFIL, Getty, ISIS, Reuters Hezbollah, Revolutionary Guards Locations: Marjeyoun, Lebanon, Israel, East, Iran, Gaza, Kfar Kila, AFP, Iraq, Syria, Yemen, Beirut

☆ Hamas militants trained for its deadly attack in plain sight and less than a mile from Israel’s heavily fortified border
▼ + stars: | 2023-10-12 | by ( Paul P. Murphy Tara John Brent Swails Oren Liebermann | Paul P. Murphy | Tara John | ) edition.cnn.com time to read: +6 min

In a December 2022 video, Hamas fighters can be seen flooding a training area, shooting rockets and capturing pretend prisoners as they surround mock Israeli buildings. In one clip, militants are seen practicing take-offs, landings and assaults with paragliders. During the October 7 attack, paragliders took off at dawn close to two training camps geolocated by CNN that are near the Gaza-Israel border. In three of the training camps, they even created fake Israeli tanks consisting of what appears to be a large outer shell surrounding a truck. Fighters are seen practicing an attack against it, launching RPGs and other explosives.

Persons: paragliders, Jonathan Conricus, “, ” Conricus, Conricus, Ali Baraka, Erez Organizations: CNN, Hamas, Israel Defense Forces, National Relations Locations: Erez, Gaza, Israel, Jerusalem, East Jerusalem, Lebanon

Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Majdi Fathi/NurPhoto/Getty Images Israeli soldiers work on a tank at the border between Israel and Gaza on October 9. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9. Ibraheem Abu Mustafa/Reuters Palestinian citizens inspect damage to their homes caused by Israeli airstrikes in Gaza City on October 8.

Persons: Jerusalem CNN — Israel, Kfar, “, ”, Yoav Gallant, ” Gallant, Mohammed Salem, Khan Yunis, Joe Biden, ’, Biden, Ravina Shamdasani, Jens Laerke, Communications Juliette Touma, Shalom, Palestinian Interior Ministry Eyad, Bozom, Israel ”, Eden Guez, Violeta Santos Moura, CNN Sergey Ponomarev, Mohammed Abed, Atef Safadi, Fatima Shbair, Tamir Kalifa, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Yuri Cortez, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Mohammed Saber, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Mahmud Hams, Roi Levy, Alleruzzo, Tali Touito, Khan, Ibraheem Abu Mustafa, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Baz Ratner, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Michael Herzog, Herzog, Lloyd Austin Organizations: Jerusalem CNN, Israel Defense Forces, CNN, IDF, Reuters, Palestinian Health Ministry, Palestinian Ministry of Interior Affairs, Hamas, ISIS, ”, Israeli Defense, UN, Human Rights, United Nations, UN’s, Works Agency, Communications, Palestinian Interior Ministry, US State Department, Air France, Hezbollah, Nova Festival, New York Times, Getty, Ben Gurion, AP, Mount, Anadolu Agency, Shifa, West Bank, Rockets, Israel's, Palestinian, Reuters Police, Reuters Rockets, US Locations: Gaza, Jerusalem, Israel, Kfar Aza, Rafah, “, Gaza City, Jabalia, Khan, Erez, Egypt, Germany, Lebanon, Iran, Ashkelon, Kfar Azza, AFP, Tel Aviv, Mount Herzel, Samar, Samar Abu Elouf, Yassin, Palestinian, Beitar Ilit, Mount Herzl, Sderot, Ramat Gan, Khan Younis, Israeli, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion, Syria

☆ Travel advice for Israel following the deadly clashes: Everything you need to know
▼ + stars: | 2023-10-09 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

The situation remains fluid and all information is subject to sudden change, but here’s what travelers need to know following the attacks. Among the locations Hamas has claimed it is targeting is Ben Gurion International Airport, Israel’s international hub, located just outside Tel Aviv. As for Israeli airlines, El Al, the country’s flag carrier, issued a statement on October 8 saying it would continue to operate as usual. Meanwhile, Delta Air Lines has issued guidance for passengers with flights booked to or from Tel Aviv between October 7-14. “The situation in Israel continues to be unpredictable,” said the US Embassy in Israel in a statement, which advised American citizens in Israel to contact the embassy in Jerusalem or the consulate in Tel Aviv.

Persons: Benjamin Netanyahu, CNN’s Nic Robertson, Ben Gurion’s, Ilan, Asaf Ramon, El Al, Ben Gurion, Élisabeth Borne, ”, Bruno Mars, CNN’s Nicole Goodkind, Sophie Jeong Organizations: CNN, Israeli, Hamas, Ben Gurion International Airport, Asaf Ramon International Airport, El Al Airlines, El Al, El, Arkia Airlines, International, German, Lufthansa, Lufthansa Group Airlines, BFM, Air France, Hong Kong’s Cathay Pacific Airways, Korean Air, Korean, Delta Air Lines, American Airlines, United Airlines, United, Air, Hainan Airlines, Virgin Atlantic, Royal Air Marcoc, Federal Aviation Administration, FAA, Reuters, of European Football Associations, Estonia, “ UEFA, Embassy, Front Command Locations: Israel, Tel Aviv, Red Sea, Eilat, El, Rome, Milan, Athens, Hong, Incheon, Air Canada, Hainan, Switzerland, Germany, “, Tel Aviv’s, Gaza, Jerusalem, Lebanon

A view shows an Israeli tank and military vehicles near Israel's border with Lebanon, northern Israel, October 9, 2023. REUTERS/Ammar Awad Acquire Licensing RightsBEIRUT, Oct 9 (Reuters) - A member of Lebanon's Hezbollah was killed in Israeli bombardment in southern Lebanon on Monday, three sources in Lebanon said, as the conflict between Israel and Palestinian militants expanded to the Israeli-Lebanese border. The man was killed in Israeli shelling into southern Lebanon prompted by a cross-border raid by the Palestinian Islamic Jihad group, which has been fighting alongside the Hamas group since it launched its surprise attack on Israel on Saturday. The Israeli army said soldiers backed by helicopters killed at least two gunmen who crossed the frontier. In a statement, the Israeli military said its soldiers "killed a number of armed suspects that infiltrated into Israeli territory from Lebanese territory".

Persons: Ammar Awad, Aalma El, General Lazaro, Gabi Hage, Laila Bassam, Timour Azhari, Gebeily, Dan Williams, Tom Perry, Hugh Lawson, Nick Macfie, Tomasz Janowski Organizations: REUTERS, Rights, Islamic, Saturday, Israel's Army Radio, Thomson Locations: Lebanon, Israel, Rights BEIRUT, Lebanese, Iran, Gaza, Adamit, Aalma, Beirut, Jerusalem

☆ Two ways Israel-Hamas war could lead to much higher oil prices
▼ + stars: | 2023-10-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The escalating conflict between Israel and Hamas threatens to push oil prices higher by straining relations between major oil-producing countries in the Middle East, according to Wall Street experts. Oil prices rose Monday after the weekend attacks, though they remain below recent highs from two weeks ago. Saudi Arabia One key player on the sidelines of the war is Saudi Arabia. Iran The other major oil producer tied into the conflict is Iran, the chief backer of Hamas. Bank of America's Doug Leggate said in a note to clients that the United States could release oil from its strategic petroleum reserve if prices spike.

Persons: Goldman Sachs, Daan Struyven, Struyven, Helima Croft, Antony Blinken, Goldman's Struyven, Ed Morse, East . Bank of America's Doug Leggate, Leggate, — CNBC's Michael Bloom Organizations: Texas, Wall Street, Israel, Saudi, RBC Capital Markets, Hamas, East . Bank of America's Locations: Israel, Gaza, East, Saudi Arabia, Saudi, Iran, U.S, Lebanon, United States

☆ Hezbollah militants fire dozens of rockets into the Israeli-occupied Golan Heights to support 'Palestinian resistance'
▼ + stars: | 2023-10-08 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Lebanon's Hezbollah militant group struck Israeli positions on the Lebanon border on Sunday. The Lebanese militant group said the attack was a show of solidarity with the "Palestinian resistance." At least 500 people have so far been killed in Israel and 232 in Gaza since Hamas launched its surprise attack. AdvertisementAdvertisementLebanon's Hezbollah militant group has joined the ongoing conflict between Israel and Hamas. Hezbollah said in a statement that the attack using "large numbers of rockets and shells" was in solidarity with the "Palestinian resistance."

Persons: —, Benjamin Netanyahu, Netanyahu Organizations: Hamas, Service, Palestinian Health Ministry, Associated Press Locations: Lebanon, Lebanese, Israel, Gaza, Golan, Palestinian, Israeli

☆ Here's why Israel, one of the toughest militaries, isn't arming Ukraine despite a global push to do so. It's got another fight in focus.
▼ + stars: | 2023-02-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Israel, a major US partner, has not provided direct military aid to Ukraine. Russia allows Israel to conduct operations targeting Iran-linked forces in Syria, something it doesn't want to jeopardize. Israel, as of February 2022, was the largest cumulative recipient of US foreign assistance — most of which comes in the form of military support. But the country has stopped short of providing direct lethal military aid to Ukraine, despite pleas from leadership in Kyiv. Even as Moscow allows Israel to clamp down on Iranian influence in Syria, Russia and Iran have increased their military ties and support throughout the Ukraine war.

☆ Lebanon to resume sending refugees back to war-damaged Syria
▼ + stars: | 2022-10-12 | by ( Timour Azhari | ) www.reuters.com time to read: +3 min

Lebanon hosts the highest number of refugees per capita in the world. The plan would not involve the United Nations, which maintains that conditions in Syria do not allow for the large-scale return of refugees. The Lebanon office of the U.N. refugee agency, UNHCR, said it was "not facilitating or promoting the large-scale voluntary repatriation of refugees to Syria." New York-based advocacy group Human Rights Watch (HRW) said in July that "Syria is anything but safe for returnees". In its September report, the United Nations' Syria commission said the country was still not safe for returnees.

☆ Cracker Barrel Profit Falls as Inflation Weighs on Customers
▼ + stars: | 2022-09-27 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Cracker Barrel Old Country Store Inc. saw a rapid rise in costs tied to wages and raw materials this year, as did much of the restaurant industry. Cracker Barrel Old Country Store said profits fell in the recently ended quarter as growing labor and commodity costs outpaced the restaurant chain’s price increases. Like much of the restaurant industry, the Lebanon, Tenn.-based company saw a rapid rise in costs tied to wages and raw materials this year. The chain has raised prices to offset some of those higher costs. Still, pricing hasn’t kept pace with costs as the company tries to retain its value-friendly reputation, which the company said helped it retain inflation-battered customers amid higher-than-expected gas prices during the quarter.

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