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While it was a delicious deal for customers, it was terrible for the company: Red Lobster lost $3.3 million in seven weeks. The deal was once again too popular, and Red Lobster was unprepared for its customers’ insatiable lust for discounted shellfish. Red Lobster is now reportedly considering filing for bankruptcy protection to restructure its debt and shed some of its 650 US locations. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden. In 2021 and 2022, Red Lobster brought on a new CEO, chief marketing officer, chief financial officer and chief information officer.
Persons: Lobster, , , John Gordon, Michael Nagle, Alex Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Glen Martin, Mills, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Justin Sullivan, they’ve, Les Foreman, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Lobster, Thai Union, Bloomberg, Getty, Red Lobster, CNN, Cornell University, Baby Boomers, General, Howard, Restaurant Business, Darden, Denver Post, Harvard Business School, Longhorn, Darden Restaurants, Gate, , Thai, , ” Thai Locations: New York, United States, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Sale, Thai Union, Thailand
A California-based Gen Xer began secretly working two remote tech jobs in 2020. He made over $1 million in 2022, which allowed him to travel and send his kids to private school. In 2022, Dave earned over $1 million across his two remote jobs, including sales commissions, according to documents viewed by Business Insider. Last, he said people shouldn't feel bad about secretly working multiple jobs. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: Xer, , Dave, he's, who've, he'd, hasn't, jugglers, didn't Organizations: Service, Business Locations: California, America, Europe
Chef Masaharu Morimoto shared red flags he looks out for when at a high-end sushi restaurant. AdvertisementChef Masaharu Morimoto told Business Insider there are specific details throughout a sushi-eating experience that show him whether he's actually at a high-quality establishment. He told BI that the art of being a sushi chef "is a very important position in Japanese culture," and he takes traditional sushi seriously. AdvertisementWasabi should be freshly grated, not packagedA high-end sushi restaurant also loses bonus points with Morimoto if it's not serving fresh wasabi. "Using ingredients that are in season allows for the sushi to be at its freshest and always filled with flavor," Morimoto told BI.
Persons: Masaharu Morimoto, Rice, , he's, Morimoto, it's, Morimoto Chef Masaharu Morimoto Organizations: Service, BI, Department of Health
Princess Cruises says its new Sun Princess and upcoming Star Princess will have all-inclusive cabins. It's a stark contrast to the high-end cruise industry, where all-inclusivity is often considered the standard. In 2024, Sun Princess' Sanctuary cabins start at more than $3,000 per person for a weeklong Caribbean cruise in mid-December. Princess CruisesThe cruise line says its next ship, Star Princess, which will debut in late September 2025, will also carry the Sanctuary Collection. Following in the footsteps of high-end, all-inclusive cruise lines could be a wise decision for Princess.
Persons: who've, , Princess, Cruises Organizations: Cruises, Service, Princess Cruises, Carnival Corp, Regent Seven Seas, Princess Premier, cabanas, MSC Cruises, HX, Hyatt, Marriott Locations: Royal Caribbean, Norwegian, Caribbean
In this article Follow your favorite stocks CREATE FREE ACCOUNTRyersonclark | E+ | Getty ImagesMaking your home hurricane resistant can be a significant financial undertaking. In 2024, the national average cost to upgrade an entire house with hurricane windows runs between $1,128 and $10,293, or $100 and $500 per window, including installation, according to This Old House. Hurricane resistance is about preventing 'pressurization'Hurricanes are different and unpredictable storms, said Jeff Ostrowski, a housing analyst at Bankrate. If installing new hurricane windows aren't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.
Persons: Phil Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Massachusetts Institute of Technology, Hurricanes, National Oceanic, Fluid Dynamics, Climate, Energy Solutions, Swiss, Finance, Colorado State University, Department of Atmospheric, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: windstorms, U.S, Florida, In Florida, Alabama, Louisiana, dsireusa.org
HSBC CEO announces surprise retirement
  + stars: | 2024-04-30 | by ( ) edition.cnn.com   time to read: +3 min
Hong Kong — HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. “We do hope that the next CEO would lay out more plans, execution-wise, to further increase the bank’s businesses in Asian countries,” he added. “I’ve held intensive leadership roles since I took on a commercial bank role in October 2008, so I’m personally ready for a change,” Quinn told reporters on a call. HSBC also faced criticism in recent years from Western lawmakers over its dealings with China amid growing geopolitical tensions. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February.
Persons: Noel Quinn, , Georges Elhedery, Quinn, , Simon Yuen, “ I’ve, I’m, ” Quinn, “ It’s, Mark Tucker, , ” Tucker, China’s Organizations: HSBC, HSBC’s, Management, China’s Ping An Insurance Locations: Hong Kong, Asia, United States, France, Argentina, Canada, Europe, China, The London
He recently took a government job that paid more than another role where he would have been able to work remotely four days a week. While he likes the job, he has a long commute, so some days he's not sure he made the right decision. And I really like the work I'm doing now in this new job. What if we matched the salary and gave you one day working from home?" You can't be like, "Oh, I'm happy to work from home," and then do absolutely nothing because it's so obvious.
Persons: Erik Bernard, Bernard, , he's, Erik Bernard Plus, I've, we've, It's, Erik Bernard I, I'm, you'll, aren't Organizations: Service Locations: Brisbane, Australia, America
Over the past year or so, pretty much everyone who's looked for a job has told me the same thing: The job market is brutal right now. By all the standard measures, the job market is doing just fine. And what the numbers show is a two-tier job market — one divided between a blue-collar boom and a white-collar recession. Now, you could argue that a slowdown in white-collar hiring doesn't really matter in the current economy, even for white-collar workers. And the longer the white-collar hiring lull continues, he warns, the more the resentment will build.
Persons: who's, I've, you'd, it's, Mark Zuckerberg, Fiona Greig, doesn't, Emily Stewart, Guy Berger, Berger, there's, , Aki Ito Organizations: Vanguard, Glass Institute, Business Locations: America
The voyage was a test of an autonomous ship under AUTOSHIP, an EU-funded program to develop new technologies for navigating large vessels. The consortium brought together entities from academia and industry, including Kongsberg Maritime, the Norwegian giant that has been conducting deep research and development (R&D) on autonomous shipping. The trip marked a pivotal advancement in developing autonomous technology for shipping, which still faces many hurdles before it is ready for primetime. "Uniquely for autonomous technology, the hazards are hidden for the mariner by the sea. "Learning via mistake in a cargo ship environment can be costly, it can be dangerous," said J.C. Renshaw, head of supply chain consulting at Savills North America.
Persons: Markus Laurinen, Laurinen, Ville, SHI, Denmark's DNV, Leo McLeman, McLeman, J.C, Renshaw Organizations: Kongsberg Maritime, CNBC, Kongsberg Maritime's VP, Korea's Samsung Heavy Industry, Samsung, International Maritime Organization, Hydrographic Office, Savills Locations: Norway, EU, Norwegian, Kongsberg, America, Africa
Canceling Life Insurance
  + stars: | 2024-04-26 | by ( Ronda Lee | Alani Asis | Paul Kim | ) www.businessinsider.com   time to read: +11 min
How to cancel your life insurance policyCanceling a term life insurance policyThere are several ways to cancel a term life insurance policy. Alternatives to life insurance cancelationcanceling your life insurance policy isn't ideal if you have dependents who rely on your income for financial support. If you have a whole life insurance policy, look into reduced paid-up life insurance. Life insurance settlementIf you don't have a terminal diagnosis and you want to sell your term life insurance policy, you can apply for a life insurance settlement with a third-party provider instead of canceling your policy. Canceling life insurance FAQsWill I get any money back if I cancel my life insurance policy?
Persons: Lucas Siegel, Siegel, wouldn't, policyholders, you've Organizations: Internal Revenue Service
CNN —Searching for some evidence that the Founding Fathers would have supported “absolute immunity” from criminal prosecution for former President Donald Trump, his lawyers have turned to George Washington. Washington’s thought does not end where Trump’s lawyers put the period. In his farewell address, the first president advised his fellow citizens that “Religion and morality” were the “great Pillars of human happiness, these firmest props of the duties of Men and citizens." Another Washington historian, Alexis Coe, who wrote a recent biography, described the Trump lawyers’ view of Washington’s farewell address as “bonkers.” She thinks that rather than trying to seek exemption from laws, Washington would find ways around them. Anything that delays Trump’s prosecution is a clear win for the former president, who is playing for time until the November election.
Persons: Donald Trump, George Washington, Washington’s, Washington, inoculate Trump, John Sauer, , John Avlon, “ Washington, ” Avlon, Ketanji Brown Jackson, Sauer, , Alexis Coe, , Coe, Doris Kearns Goodwin, Trump, Will Trump, Trump’s, Samuel Alito, Neil Gorsuch, ” Gorsuch Organizations: CNN, US, Congress, gaslight, Trump . Washington, Trump, Constitutional Locations: United States, Washington, , New York, Trump ., Pennsylvania
astead herndonLast year, the comedian was Roy Wood Jr., a veteran of “The Daily Show” on Comedy Central —archived recording (roy wood jr.) Happy to be here. I don’t think you can ignore anything that the American people are bringing to you. So I think that’s where it ain’t funny to a lot of people. And I think that’s what we’re — those are the only two things we’re armed with is either laughs or yelling. But now do you want the funny guy that’s going to be in control of your uterus?
Persons: astead herndon, Jon Stewart, Wanda Sykes, roy, Dark Brandon, Roy Wood Jr, astead herndon —, I’ll, I’m, Clarence Thomas, There’s, Trump, it’s, Donald Trump, , Biden, ” I’m Astead, , Showtime ”, that’ll, astead herndon Really, It’ll, astead, Jim Messina, Joe Biden, Rupert Murdoch, That’s, Harry Styles, Don Lemon, Harris, Ron Klain, exoticize Joe Biden, Scranton Joe, we’re, you’re, Obama, herndon, we’ve, Bob Dole, that’s, George Floyd, They’re, what’s, Roy, Buddy, who’s, Trayvon Martin —, let’s, Ludacris, Kim Kardashian, Ray J, Kardashian, astead herndon Roy, he’s, Joe Biden’s, It’s, I’ve, He’s, George Lopez, they’re, astead herndon I’m, there’s, John Oliver — astead herndon, , Sarah Palin, Tina Fey’s, Nikki Haley, ain’t, Haley, Nikki Haley can’t, donald, Ron “ DeSanctimonious, astead herndon It’s, who’ve, Obama Obama, Lock, Hillary’s, Marco, You’re, Little Marco, Karine Jean, Pierre, astead herndon That’s, Donald Trump’s, Stormy Daniels, Jonah Bromwich, haven’t, jonah bromwich You’ve, We’ve, Michael Cohen, David Pecker, don’t, Trump — jonah bromwich, He’ll, biden, astead herndon Joe Biden, Let’s, She’s Organizations: White, Super, Comedy, , Disney, The New York Times, Showtime, astead herndon, Trump, Biden, Paramount, BET, Scranton, Republicans, Florida, M University, Black College, Republican, Democratic Party, Democratic, Democrat, RFK, Party, Tea Party, SNL, Democrats, Tower, National, , AMI, Trump — Locations: Washington , DC, France, America, ” I’m Astead Herndon, herndon, Scranton, Tallahassee, Birmingham , Alabama, Birmingham, astead herndon, South Carolina, CPAC, Palestine, Israel, Manhattan, Florida, Tampa, Pennsylvania
Municipal governments across the United States are looking to rein in spending as pandemic-era stimulus dries up and inflation lingers for longer than expected. The group issued a AA investment grade general obligation bond rating for New York City in March 2024. The financial challenges within cities appear to be mounting despite high municipal credit ratings and robust demand for urban commodities like housing. "I think we can all agree that we're broke," said Houston Mayor John Whitmire in a March 2024 City Council budget hearing. Meanwhile, in the case of New York City, leaders remain optimistic about future returns.
Persons: Michael Rinaldi, Brad Lander, Sheila Weinberg, we're, Houston Mayor John Whitmire, Weinberg, We've, Lander, Eric Adams, Rinaldi, Adams Organizations: Fitch, AA, New, Truth, University of Denver, New York, Apple, Houston Mayor, Accounting, CNBC, Lander Locations: United States, U.S, New York City, Chicago, Houston, Portland , Oregon, New York
Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Gary, Philadelphia) Jim Cramer: Go to Club holding Costco's website and buy gold. When we do see a lot of parabolic moves happening in the market that's usually a sign for us to start raising cash. (Sonny) Jim Cramer: Former President Donald Trump wants more defense. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Jeff Marks, Wells, It's, They're, , Sonny, Donald Trump, Trump, Joe Biden, James, Johnson, That's, – Alibaba, Eaton, Michael, you've, Anthony, Dupont, Stanley Black, Decker, Eli Lilly –, that's, Nancy, Estee Lauder, they're, Gordon, Cash, Wynn, I'm, it's, Jim Cramer's, Jim Organizations: Investing Club, JPMorgan, Costco, Investing, Abbott Labs, Baidu, PDD Holdings, Bank of America, Nike, Trust, Jim Cramer's Charitable, CNBC Locations: North Carolina, Gary, Philadelphia, , Texas, Bob , Minnesota, Eaton
Home affordability has also been crippled by a combination of limited home supply and resilient demand due to solid wage growth, Zelman noted. Rent growth fell again on a year-over-year basis in April, according to a new report from real-estate site Zumper. And Zelman found that wage growth will outpace that of rent this year. AdvertisementOwning a home costs an average of 9% more on a square-foot basis than renting, according to Zelman & Associates. Along with each is the per-square-foot cost premium of owning compared to renting, according to Zelman & Associates.
Persons: , Ivy Zelman, I've, Zelman, Zelman isn't Organizations: Service, Zelman, Associates, Business, Wall, Toll Locations: Houston, Tampa
“To me, success is impeachment from the House,” GOP Rep. Brian Mast said. Comer’s co-leads, House Judiciary Chairman Jim Jordan and House Ways and Means Chairman Jason Smith, are also fully behind the work. I don’t think that’s an impeachable offense,” GOP Rep. Jodey Arrington said. Even GOP Rep. Darrell Issa remarked after the first hour of questioning that Hunter Biden was prepared for the interview. There’s an election in seven months from now,” GOP Rep. Nick LaLota, who represents a New York district Biden won in 2020, told CNN.
Persons: James Comer, Joe Biden, , Comer, Biden, “ Comer, Jesus, Alejandro Mayorkas, Comer –, , Anna Paulina Luna –, Hunter Biden, it’s, ” Luna, , missteps, Brian Mast, Mike Johnson, Comer’s, Jim Jordan, Jason Smith, ” Johnson, Steve Scalise, Elise Stefanik, Kevin McCarthy, ” Bruce Dubinsky, McCarthy, Samuel Corum, Johnson, Jodey Arrington, Darrell Issa, , Doug LaMalfa, Mayorkas, Tony Gonzales, Austin Scott, ” Comer, Donald Trump, Jordan, doesn’t, There’s, Nick LaLota, Jamie Raskin, Raskin Organizations: Washington CNN —, Republican, CNN, Kentucky Republican, Homeland, Biden, GOP, Republicans, Getty, White, Democratic, , Department of Justice Locations: Kentucky, , Washington , DC, , Texas, New York
AdvertisementWhen I was a kid, my parents had me try cottage cheese. AdvertisementI made the TikTok-viral high-protein pasta sauce firstSome of the most popular recipes involve blending cottage cheese with your pasta sauce of choice. The eggs improved my gains in the gymI whisked eggs, cottage cheese, salt, and pepper before adding everything to the skillet. AdvertisementJulia PugachevskyIn a blender, I added the cottage cheese, protein powder, cocoa powder, tahini, oats, and almond milk. Eating this felt like a punishment, but I don't want to slander poor cottage cheese: she did no wrong here.
Persons: I've, It's, TikTok, , TikToks, Julia Pugachevsky, Parmesan, skillet, Julia Pugachevsky I've Organizations: Service
Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.
Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States
Senators passed a crucial procedural vote with wide bipartisan support, signaling that the foreign aid package has the strength to pass a final vote. The funding includes roughly $60 billion for Ukraine aid, $26 billion for Israel and $8 billion for Taiwan and Indo-Pacific security. Spending-wise, the legislation is similar to the $95 billion foreign aid bill passed by the Senate in February, which has been effectively shelved in the House in the weeks since. TikTok has pushed back on this proposal since the House passed it over the weekend. Those political threats, along with an increasingly razor-thin House Republican majority led Johnson to effectively table the Senate's $95 billion foreign aid bill for weeks.
Persons: Charles Schumer, Chuck Schumer, Joe Biden, TikTok, Biden, Marjorie Taylor Greene, Mike Johnson, Johnson, Iran's, Donald Trump's, Trump, John Fredericks Organizations: U.S, Capitol, Senate, NBC News, House Republicans, Rep, Republican Locations: Israel, Ukraine, Taiwan
The bond market's famous recession gauge has been flashing for 18 months. A downturn could be delayed for months after the yield curve first inverts, Paul Dietrich said. Dietrich pointed to the inverted Treasury yield curve, a highly accurate recession gauge that flashes when the yield on the 2-year US Treasury surpasses the 10-year Treasury. In the past, recessions have taken up to 28 months to officially start after being signaled by the yield curve and leading economic indicators, he noted. Dietrich is among the more bearish forecasters on Wall Street, having warned investors of an impending recession for months.
Persons: Paul Dietrich, , Riley Wealth's, Dietrich, Stocks Organizations: Service, Treasury
Opinion: Why gardens and poems rhyme
  + stars: | 2024-04-22 | by ( Opinion Tess Taylor | ) edition.cnn.com   time to read: +7 min
This year, particularly, I’ve been meditating on the fact that gardens and poems share critical, linked invitations. And because even as the planet warms, gardens and poems help cool us off, practically and emotionally. I don’t think I’m overstating the case to say that time spent with poems and gardens build pathways that actually repair us. In their own small plots, poems build diverse networks as well: Sinking into the rhythms and pleasures of literature stimulates the parts of our brains attuned to empathy, helping us build attention, kindness, compassion, regard. Gardens and poems invite that kind of dwelling.
Persons: Tess Taylor, Tess Taylor Adrianne Mathiowetz I’d, I’d, I’ve, Andrew Marvell, Warren St, Brooklyn brownstones, , Emily Dickinson Organizations: , CNN, Warren, Brooklyn, National Endowment, Arts, Gardens Locations: Brooklyn
CNN —What is one of the earliest and enduring subjects in art and media — as well as one of the most censored? And these are all themes explored broadly in the exhibition “Breasts,” a robust survey on display at the 60th Venice Bienniale. “It’s very intimate, so it’s perfect for international artists to develop a dialogue with each other,” she said in a video call. “Artists keep going back to it.”“It’s been a wonderful moment to contemplate my own relationship with the meaning of breasts,” she added of the show. Scroll to see artworks from the show, which will run through November 24 at the Palazzo Franchetti.
Persons: they’re, Cindy Sherman, Robert Mapplethorpe, Salvador Dalí, Anna Weyant, Chloe Wise, Lakin, Carolina Pasti, , , Bernardino del Signoraccio, Sherman, Jesus, Del, Raphael, Flavio Gianassi, we’ve, Teniqua Crawford, “ It’s, Todd White, Europe Allen Jones, Maggiore Allen Jones, Maggiore Laura Panno, Christopher Bucklow, Tetrarch, Claudia, Schiffer, Christopher Bucklow Giorgio de Chirico, Nudo, Turin Louise Bourgeois Organizations: CNN, Venice Bienniale, Artists, Buchanan Studio, Maggiore Locations: Venice, Europe, Italy
When people ask Dr. Jordan Shlain to describe his medical practice, he says simply: "It's a family office for your health." Rather than simply offering on-call doctors and faster visits, Private Medical has pioneered a highly personalized, all-in-one service that's more akin to the most sophisticated family offices for investments. Like family offices, Private Medical has an in-house team to manage a family's entire health portfolio – from fitness and dietary tracking to longevity research, surgeries and medical emergencies. Private Medical doesn't advertise and gets most of its business through referrals. Shlain declined to give specifics on price, but clients of Private Medical say it charges $40,000 a year for each adult patient and $25,000 per patient under the age of 18.
Persons: Robert Frank, Jordan Shlain, Shlain Organizations: Private, Private Medical, California —, Research Locations: California, California — San Francisco, Silicon Valley, Santa Monica, Beverly Hills —, York, Miami
We love Italy and France and started thinking, 'What's our next step?'" These days, Sikes sends properties to some 25,000 followers and subscribers across X, YouTube and via a weekly newsletter. Here are three steps Sikes says you need to take before you buy a property abroad. "France and Italy both have tax treaties with the U.S., so you avoid double taxation," Sikes says. "There are zero restrictions on Americans buying property in Italy or France," Sikes says.
Persons: Tommy Sikes, Sikes, , Italy, You'd, Roth, they've, I've, haven't Organizations: CNBC, YouTube, Security, U.S Locations: Europe, France, United States, U.S, Italy
David Maughan, 32, moved from Richmond, Virginia, to Oakland Park, Florida, last year. As a progressive, Maughan said he was nervous about Florida's culture war politics. Everyone says the weather in Florida is great, but they don't realize that Florida is hot hot. David Maughan and his boyfriend Brandon were long-distance for three years before David moved to Florida in August 2023. David Maughan said he's been able to make friends in the Florida LGBTQ community by joining an adult sports league.
Persons: David Maughan, Maughan, he's, , David, Brandon, Richmond, I'm, They've, it's, I've, disenfranchisement, hasn't, David Maughan Florida, We've, It's, He's Organizations: Service, Sunshine State, Business, Democrat, Democratic, Oakland Park, Broward Young Democrats, Sunshine Locations: Richmond , Virginia, Oakland Park , Florida, Florida, South Florida, Central Pennsylvania, Virginia, Richmond, Oakland, Fort Lauderdale, Broward County, Wilton Manors
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