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_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg "Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC")
⏲ 1:31 👁 116.7M
_what-is-a-taxable-or-tax-deferred-account.jpg "Use our guide to decide which assets belong in a taxable account and which go into a tax-advantaged account.")
⏲ 1:59 👁 875K
_what-is-backdoor-roth-ira-how-it-works-and-advantages.jpg "A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will that back door remain open?")
⏲ 4:6 👁 455K
_meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil.jpg "Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<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.")
⏲ 17:15 👁 9.2M
_west-midlands-sets-course-for-bus-network-overhaul.jpg "The West Midlands, led by newly elected mayor Richard Parker, is poised for a major bus service overhaul. Parker's £25 million initiative aims to mimic Manchester's Bee Buses by bringing services under public control via a rail-style franchise system. He emphasized this as his top priority and assured the funding would come from existing budgets, without additional taxes.")
⏲ 1:0 👁 6.9M
_trump39s-attorney-takes-aim-at-cohen39s-credibility-exposing-conflicts-of-interest.jpg "Donald Trump's defense attorney, Todd Blanche, sought to discredit Michael Cohen on Tuesday. by emphasizing his prior criticisms of Trump and the financial benefits he received from publishing books about his time with Trump. Cohen detailed interactions with Trump concerning repayment for hush money and efforts to dissuade him from cooperating with federal investigators through a loyalty pressure campaign. Cohen expressed regret for some of the actions he took on Trump's behalf that violated his moral standards, saying he suffered consequences for his loyalty to Trump.")
⏲ 0:35 👁 355K
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "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.")
⏲ 1:29 👁 18.1M
_ways-retirees-can-defuse-a-retirement-savings-tax-bomb.jpg "There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.")
⏲ 3:0 👁 905K
_what-are-the-best-mortgages-and-savings-offers-available-now-an-expert-explains.jpg "Robyn Demming from Raisin UK discusses the best deals for savers and borrowers.")
⏲ 2:0 👁 335K
_households-keep-fingers-crossed-for-cost-of-living-relief.jpg "People with a mortgage are hoping for some relief in the budget tonight, after the Reserve Bank left interest rates on hold last week and hinted at possible further rate rises later in the year.")
⏲ 3:59 👁 1.6M
_jeremy-hunt-accuses-labour-of-playground-politics.jpg "Chancellor of the Exchequer Jeremy Hunt accused Labour of using “playground politics” to distract debate from the \")
⏲ 0:45 👁 1.8M
_jurnee-smollett-124-behind-the-looks-124-who-what-wear.jpg "Jurnee Smollett discusses a few of herpast roles, including her time on the original Full House, her iconic part in Eve's Bayou, and her involvement in Spiderhead")
⏲ 9:24 👁 250K
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_red-lobster-announces-nearly-100-locations-will-be-shut-down.webp "Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC")
_what-is-a-taxable-or-tax-deferred-account.webp "Use our guide to decide which assets belong in a taxable account and which go into a tax-advantaged account.")
_what-is-backdoor-roth-ira-how-it-works-and-advantages.webp "A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will that back door remain open?")
_meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil.webp "Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.<br/><br/>Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.<br/><br/>These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f1<br/><br/>0:00 Introduction<br/>0:24 Greece's Presence In The Shipping Industry<br/>2:46 How Has Greece Made So Much Revenue With Shipping<br/>6:59 How Onassis and Niarchos Reached 10 Figure Status<br/>12:44 Tax Sanctions And Where It Applies In Greece<br/>15:20 How Long Will Greece's Shipping Boom Last<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.")
_west-midlands-sets-course-for-bus-network-overhaul.webp "The West Midlands, led by newly elected mayor Richard Parker, is poised for a major bus service overhaul. Parker's £25 million initiative aims to mimic Manchester's Bee Buses by bringing services under public control via a rail-style franchise system. He emphasized this as his top priority and assured the funding would come from existing budgets, without additional taxes.")
_trump39s-attorney-takes-aim-at-cohen39s-credibility-exposing-conflicts-of-interest.webp "Donald Trump's defense attorney, Todd Blanche, sought to discredit Michael Cohen on Tuesday. by emphasizing his prior criticisms of Trump and the financial benefits he received from publishing books about his time with Trump. Cohen detailed interactions with Trump concerning repayment for hush money and efforts to dissuade him from cooperating with federal investigators through a loyalty pressure campaign. Cohen expressed regret for some of the actions he took on Trump's behalf that violated his moral standards, saying he suffered consequences for his loyalty to Trump.")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "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.")
_ways-retirees-can-defuse-a-retirement-savings-tax-bomb.webp "There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.")
_what-are-the-best-mortgages-and-savings-offers-available-now-an-expert-explains.webp "Robyn Demming from Raisin UK discusses the best deals for savers and borrowers.")
_households-keep-fingers-crossed-for-cost-of-living-relief.webp "People with a mortgage are hoping for some relief in the budget tonight, after the Reserve Bank left interest rates on hold last week and hinted at possible further rate rises later in the year.")
_jeremy-hunt-accuses-labour-of-playground-politics.webp "Chancellor of the Exchequer Jeremy Hunt accused Labour of using “playground politics” to distract debate from the \")
_jurnee-smollett-124-behind-the-looks-124-who-what-wear.webp "Jurnee Smollett discusses a few of herpast roles, including her time on the original Full House, her iconic part in Eve's Bayou, and her involvement in Spiderhead")
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