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Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
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Tom and Jerry | Tom & Jerry | Cartoon Movies For Kids | Cartoon for All Ages | Cartoons for Everyone | Cartoons |<br/><br/>\
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Although South Korea’s benchmark Kospi index was one of the worst performers in Asia last year, it rebounded in 2024 fueled by investor frenzy over AI and the government’s $470 billion plan with the private sector to make the country a global chip production hub. The Kospi’s 11% rise, since we last measured fortunes 12 months ago, lifted the collective net worth of the country’s 50 richest to $115 billion from $106 billion.<br/><br/>This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports, analysts, government agencies and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on April 2, 2024 and private companies were valued based on similar companies that are publicly traded. Real-time net worths on Forbes.com may reflect different valuations. The ranking lists both individual and family fortunes, including those shared among relatives and may differ from the World’s Billionaires List, which includes individual fortunes with net worths as of March 8. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/korea-billionaires/?sh=745f04012222<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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Erik ten Hag was full of praise for Jadon Sancho, after his performance for Borussia Dortmund against PSG
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Sony Pictures Entertainment and Apollo Global Management have offered to acquire Paramount Global in an all-cash deal valued at $26 billion. The joint bid comes as Paramount's board considers a merger with Skydance Media that would keep the company public. Shari Redstone, the controlling shareholder of Paramount Global, prefers the Skydance deal. A Sony/Paramount merger would reduce the major Hollywood studios from five to four following Disney's 20th Century Fox acquisition. Wall Street reacted positively to the news, sending Paramount shares up 13%.
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Erik ten Hag was full of praise for Jadon Sancho, after his performance for Borussia Dortmund against PSG
⏲ 0:26 👁 155K
There's no getting away from the fact that road cycling is expensive, so in this video Sam Gupta runs through 7 different pieces of kit that stand to be great value alternatives to the more expensive counterparts. He has found better value options that rival the best cycling headunits, the best cycling sunglasses, the best cycling multitools and the best cycling shorts.
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Shares of Trump Media opened above $50 a share for the first time in nearly a month on Wednesday. DJT shares rose over 8% in early trading before pulling back, continuing their stock bounce back. The stock price has increased over 50% in the past week. However, shares remain well below their opening price of over $70 after the March public debut. Trump's total stake is 65% of the company, worth $5.7 billion at $50/share.
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Tom and Jerry | Tom & Jerry | Cartoon Movies For Kids | Cartoon for All Ages | Cartoons for Everyone | Cartoons |<br/><br/>\
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Creative use of space – reinterpreted: MINI celebrates the premiere of the first crossover model for the premium small car segment. The new MINI Aceman combines compact exterior dimensions with as much room as possible for occupants and an all-electric drive. The result is a contemporary interpretation of classic Mini inventor Sir Alec Issigonis’ underlying vision: maximum utilisation of space with a minimum footprint combined with a modern drive concept. The progressive design of the new MINI Aceman provides space for five comfortable seats within a vehicle length of just over four metres. MINI draws on innovative technologies to enhance the interior with an immersive digital user experience, while the MINI Aceman’s all-electric drive gives a fresh boost to the characteristic MINI go-kart feeling. Combined with modern assistance systems and hallmark design, traditional brand values pave the way for an all-electric MINI future.<br/><br/>From the outside, the MINI Aceman embodies sporty agility and a self-assured presence. The vehicle architecture of the new crossover model is based on a fully electric drive concept.
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