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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

Red Lobster Announces Nearly 100 Locations Will Be Shut Down

⏲ 1:31 👁 75.9M

Nicole Nark

How to Calculate Your Debt to Income Ratios (DTI) First Time Home Buyer Know this!

⏲ 8 minutes 2 seconds 👁 43.1K

Jeff the Mortgage Pro

DSCR Loans Explained for 2023 -- Mortgages for Investors.

⏲ 6 minutes 32 seconds 👁 21.9K

Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.

Credit Card Delinquencies Are on the Rise

⏲ 1:31 👁 7.2M

The Cash Flow Company

How to Calculate a DSCR Loan - Step By Step

⏲ 11 minutes 4 seconds 👁 13.4K

JT Automations

The Truth Behind Bank Debt Service Coverage Ratio Loan | DSCR Loans

⏲ 23 minutes 30 seconds 👁 6.1K

The treasurer has locked in his third budget and on Tuesday night Australians will find out what's in it. Income tax cuts will be the main feature and there may be some help with energy bills, too. But Jim Chalmers insists the budget will show restraint.

Treasurer Jim Chalmers outlines budget priorities

⏲ 2:15 👁 21.5M

WallStreetMojo

DSCR (Debt Service Coverage Ratio) - Meaning, Formula, Calculation & Interpretations

⏲ 8 minutes 58 seconds 👁 13.8K

Vincent Chan

How To Manage Your Money Like The 1%

⏲ 12 minutes 45 seconds 👁 140.9K

A family say a disgraced 'no win no fee' law firm is ‘liable’ for a spritely grandad’s death - after he was left footing a £12,000 court bill when it collapsed.<br/><br/>Ian Lofthouse, 74, was one of roughly 1,800 victims saddled with huge unexpected court costs after SSB Law went bust owing £48m worth of debt in January this year.<br/><br/>MPs are set to meet his devastated relatives - along with seven other ex-clients - in parliament on Tuesday (14) to discuss their experiences with the 'cowboy' company. <br/><br/>But his grieving widow Katrina, 71, said SSB Law had acted \

Family say no win no fee law firm partly liable’ for a spritely grandad’s death

⏲ 4:2 👁 13.7M

Financial Bunny

You can Build Affordable Rental Property with uMaStandi

⏲ 48 minutes 51 seconds 👁 3.7K

Address Advisors

DEBT Will Make You RICH | Ghee Coffee Analogy | Leveraging DEBT in Real Estate | GR Ep - 10

⏲ 24 minutes 2 seconds 👁 969

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