Author: Editor

While the chain has yet to release any numbers confirming its turnaround, anecdotally, I can say Red Lobster seems to be doing a lot of things right when it comes to bringing customers back through the doors.I thought the food is of better quality than it was two years ago, prices are pretty reasonable — especially given the increased cost of seafood — and the chain appears to be experimenting with new and exciting menu innovation and value-focused initiatives, two facets that are proving successful for other casual-dining chains like Chili’s.The restaurant design and atmosphere have largely stayed the same, but…

A new inflation report is around the corner, likely unveiling the effects of the Iran war on prices, but even if a tentative ceasefire holds, energy prices could stay high for months. Loading audio narration… It’s likely that inflation surged in March due to energy prices; annual inflation, as measured by the consumer price index, is expected to rise from 2.4% in February to 3.4% in March, the highest rate since 2024.Gas prices hit a milestone recently; after speeding up throughout March, the national average ended the month at $4.018. AAA said the price surpassed $4 a gallon for the…

Luggage is prepared for an American Airlines flight at O’Hare International Airport in Chicago, Illinois. Scott Olson | Getty Images News | Getty ImagesAmerican Airlines joined other airlines in raising its bag fees Thursday, but the luggage will be even more expensive for customers who buy basic economy tickets.United Airlines, JetBlue Airways, Delta Air Lines and Southwest Airlines have all hiked the fee to check a bag in the past two weeks as the industry grapples with a jump in jet fuel expenses from the war in the Middle East.American is raising the cost more for its no-frills option, while the other airlines had…

The world’s richest people saw their fortunes soar on Wednesday after news of the US-Iran ceasefire sparked a relief rally in the stock market. Loading audio narration… The top 10 people on the Bloomberg Billionaires list collectively gained $52 billion in wealth as the value of their stocks surged. The 20 richest people on the planet added $90 billion to their combined wealth, thanks to the broad-based market rally which lifted all three major US stock exchanges by more than 2.5% on Wednesday.Meta CEO Mark Zuckerberg led the list of gainers with an almost $13 billion wealth increase in a…

Dwayne Schnell | 500px Plus | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The Iran war has propelled oil prices to above $94 a barrel, up about 30% since the conflict began in late February. That rally has been a boon for investment firms of ultra-wealthy families who made opportunistic bets on oil in recent years. Since the pandemic, private equity funds and other institutional investors have backed away from oil and gas in part due…

Michelle Suter has worn mostly big and baggy clothing for years. The 63-year-old retiree who lives in a suburb of St. Louis, Missouri gave away her favorite sundresses and other form-fitting outfits, thinking she’d never be those smaller sizes again.Now, after losing about 28 pounds while taking GLP-1 drug Wegovy, she said she has started to dream of her new wardrobe. “That’s part of the excitement — to wear things that are new and fit rather than old clothes that you can tie the drawstring tighter,” she said.Michelle Suter, a retiree who lives near St. Louis, has been taking a…

Thinking about making a big decision at the end of a long week? JPMorgan CEO Jamie Dimon says it’s worth waiting. Loading audio narration… “Making big decisions on a Friday when you’re tired is a really bad idea,” Dimon said in an interview with NPR’s “Newsmakers” on Tuesday.Dimon shared that insight during an answer about what he wished he knew earlier in life, after nearly 22 years running the world’s largest bank by market capitalization, and after he turned 70 last month.Thomas Roulet, a professor of organizational sociology and leadership at the University of Cambridge, told Business Insider that Dimon…

Lindsey Vonn is recovering from a crash that nearly cost the decorated alpine skier her leg, but Vonn said this week she’s not ruling out a return to the Olympics in 2030, when she’d be 45 years old.In an interview with CNBC Sport, the Olympic gold medalist said she would consider making one final run at the 2030 Winter Olympics — if she can be competitive. “It’s been done,” Vonn said. “If I were to do it, I would only do it if I could be fast. But, I don’t know, that’s a long ways off. I would be 45…

This as-told-to essay is based on a conversation with Sony Mordechai, the founder of Imperia Caviar and entrepreneur behind companies including Sport Couture Group and Alesonor Real Estate Development. It has been edited for length and clarity. Loading audio narration… About 15 years ago, a friend of mine who works in the alcohol space organized a week of tastings in Bordeaux. That’s when I first discovered the world of caviar.I became fascinated with it. I started tasting different types, visiting farms, and really trying to understand the industry. What I saw surprised me: the margins were very high, and the…

One takeaway from Miami’s annual hedge fund week earlier this year was the lack of attendees with plans or desires to relocate to Florida, which has for years been talked about as a cheaper, warmer alternative to high-tax cities like New York and San Francisco. Loading audio narration… The narrative took off during the onset of the pandemic, when finance pros forced to work remotely found they could do their jobs poolside, and has turned political as billionaire founders and investors such as Sergey Brin and Peter Thiel grow frustrated with taxes in California and New York.But while well-off founders…