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☆ 15-year-old lands $100,000 'Shark Tank' offer for idea he had at age 8: 'You're a great example for kids'
▼ + stars: | 2024-01-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."

Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles

☆ Wall Street's rocky start
▼ + stars: | 2024-01-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn today's big story, we're looking at how there are still plenty of risks in the market despite big expectations. What's on deck:Chip Somodevilla/Getty ImagesOne of the best indicators of the year ahead comes from banks' Q4 earnings. BI's finance team has a roundup of the biggest Wall Street firms' earnings reports and what it means for their hiring plans.

Persons: Donald Trump, Vivek Ramaswamy, —, Chip Somodevilla, BI's Michelle Abrego, Rebecca Ungarino, Kevin O'Leary, Mark Davis, Goldman, Sharmin, Rahmani, Morgan, Steve Cohen, Sundar Pichai, Boris Streubel, Rebecca Zisser, Apple, Mike Katz Organizations: Republican, GOP, Service, Citi, JPMorgan, BlackRock, Staff, Getty, Goldman Sachs Wealth, New York Mets, Google, Hertz, Business, Bloomberg Locations: Iowa, Google's Berlin, San Diego, Austin

☆ Why Mark Cuban is leaving 'Shark Tank'—and 3 of his biggest moments on the show
▼ + stars: | 2023-11-30 | by ( Ashton Jackson | ) www.cnbc.com time to read: +6 min

It's official: Mark Cuban says he's leaving ABC's "Shark Tank" after more than a decade on the show. His 12 years — and counting — on "Shark Tank" have produced memorable moments, ranging from laugh-inducing to heartstring-pulling. Here are three of the most notable ones:The largest offer in 'Shark Tank' historyDuring Season 6, Cuban made the biggest offer in "Shark Tank" history to Arum, Soo and Dawoon Kang, the sisters behind dating app Coffee Meets Bagel. "How many people can say they baited a Shark ... even better, the biggest Shark, and [still] came away with a deal?" Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

Persons: Mark Cuban, He's, he's, Dawoon Kang, Kang, Bagel, Cuban, Justin Crowe, Crowe, Lori Greiner, Kevin O'Leary, O'Leary, Donovan, Trey Brown, Barbara Corcoran, Warren Buffett Organizations: Hollywood, NBA's Dallas Mavericks, CNBC, Cuban, Sharks, Golden State Warriors, Mavericks Locations: Cuban, Los Angeles

☆ Mark Cuban says he's planning to leave 'Shark Tank' to spend more time with his kids
▼ + stars: | 2023-11-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Mark Cuban says he's leaving "Shark Tank" after more than a decade on the show. As of 2022, Cuban says he invested $29 million in "Shark Tank" businesses, Forbes reports. AdvertisementABC's "Shark Tank" will soon be down a billionaire if Mark Cuban makes good on his plan to leave the show. ABC declined to comment on whether "Shark Tank" will continue if Cuban leaves after season 16. AdvertisementIn 2022, Cuban told Forbes that he'd invested $29 million in at least 85 companies at that point in his time as a "Shark Tank" judge.

Persons: Mark Cuban, —, Cuban, Matt Barnes, Stephen Jackson, Barbara Corcoran, Lori Greiner, Daymond John, Kevin O'Leary, Robert Herjavec, Forbes, he'd Organizations: Forbes, Service, NBA, Hollywood, ABC, Cuban Locations: Cuban

☆ Kevin O'Leary: How I handle family members who ask for money and the one rule I always enforce
▼ + stars: | 2023-11-20 | by ( Kevin O'Leary | As Told To Jenna Gyimesi | ) www.businessinsider.com time to read: +5 min

He says he's established a rule after many years of extended family coming to him for money. I've been asked countless times about what to do when family members come looking for money. For example, if a family member asks for $150,000 to start a restaurant, I'll give them a $50,000 gift that I never want back. I do this because expecting a family member to pay you back is a real issue. But if the family member tries to ask again, I remind them of our contract.

Persons: Kevin O'Leary, he's, —, I've, it's, they're, I'm, It's, you've Organizations: Service

☆ These authors interviewed 18 Harvard startup founders: Here’s the No. 1 trait that made them successful
▼ + stars: | 2023-11-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

The only founders who do it successfully share one trait in common: the resilience to navigate a rocky path filled with unforeseen twists and turns. That's a key lesson that Catalina Daniels and James Sherman took from researching for their new book, "Smart Startups: What Every Entrepreneur Needs to Know — Advice from 18 Harvard Business School Founders." "Having resilience is absolutely essential [for] the emotional makeup of a person in terms of becoming an entrepreneur," Sherman tells CNBC Make It. "If they don't have that type of resilience, they need to learn how to build it up." In fact, every founder the authors spoke to agreed that resilience was the biggest key to their success, even more than prior experience or a winning business idea.

Persons: That's, Catalina Daniels, James Sherman, Daniels, Sherman, Harvard alums, Josh Hix, Nick Taranto, Kevin O'Leary, — Anna Auerbach, Auerbach, …, they're, Hix, Warren Buffett Organizations: Smart, Harvard Business School, Harvard, Groupe, CNBC, Werk, American Psychological Association

☆ 'Shark Tank' star Kevin O'Leary warns of a 'downsized America' as rising prices and loan payments force consumers to cut back
▼ + stars: | 2023-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Households are being hit hard by inflation and higher interest rates, Kevin O'Leary says. AdvertisementAdvertisementHe said the retailer's customers are "getting killed," adding: "They can't afford to fill their cars with gas. They can't afford to put a good meal on the table for their families. They can't afford their rent. They can't afford their insurance."

Persons: Kevin O'Leary, —, O'Leary, that's, Bernie Marcus, Richard Drew, Marcus Organizations: Service, Fox News, Federal Reserve, Depot, Fox

☆ 82-year-old went on 'Shark Tank'—and landed a 5-figure offer: 'You're a star'
▼ + stars: | 2023-11-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The 82-year-old co-founder of hunting manufacturer Air Boss Outdoors joined up with his business partner, Keith Lindsey, to pitch a product called the Krapp Strapp on Friday's episode of ABC's "Shark Tank." The Krapp Strapp is a weatherproof strap designed to help hunters, campers and outdoorsmen relieve themselves more comfortably. Cuban gave Legg and Lindsey similar feedback, saying he'd only make them an offer if everyone else's proposals were "nasty." The Krapp Strapp duo accepted, garnering praise from Cuban. "Now, you two [Greiner and John] can say you help people do the deuce outdoors," Legg said, on his way out.

Persons: Bob Legg, Keith Lindsey, It's, Lindsey, Legg, Legg chimed, Mark Cuban's, Robert Herjavec, Kevin O'Leary, Strapp, Herjavec, he'd, Lori Greiner —, Daymond John, Greiner, Bob, Cuban, John, Warren Buffett Organizations: Air, Outdoors, CNBC, Cuban Locations: U.S, Jacksonville , Texas

☆ Kevin O'Leary: X is a 'walking disaster' right now for Elon Musk
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKevin O'Leary: X is a 'walking disaster' right now for Elon MuskHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Kevin O'Leary, Elon Musk, Brian Sullivan, “ Organizations: Elon, CNBC

☆ Watch CNBC's full interview with Kevin O'Leary and Omeed Malik on Elon Musk and 'X'
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Kevin O'Leary and Omeed Malik on Elon Musk and 'X'Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Kevin O'Leary, Omeed Malik, Elon Musk, Brian Sullivan, “ Organizations: Elon, CNBC

☆ 'Shark Tank' star Kevin O'Leary explains how young student-loan borrowers can also invest and pay off their credit card balances
▼ + stars: | 2023-10-30 | by ( Jacob Zinkula | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Federal student loan payments resumed for many Americans in October. Shark Tank's Kevin O'Leary said borrowers shouldn't focus solely on paying down their student debt. He said cutting spending can help borrowers also save for retirement and pay off their credit card balances. That's according to "Shark Tank" star Kevin O'Leary , who has been giving young Americans advice on how to manage their finances now that the pause on federal student loan payments has come to an end. In addition to investing and student loan repayments, O'Leary said borrowers should also dedicate some money to a third area: their credit card balances .

Persons: Shark, Kevin O'Leary, —, O'Leary, Fox Business's Stuart Varney, Joe Biden's Organizations: Service, Good Morning, Education Department, Fox Business Locations: —

☆ Couple had $18 in the bank when they started their company—now they have millions in revenue and a $400,000 'Shark Tank' deal
▼ + stars: | 2023-10-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.

Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States

☆ Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
▼ + stars: | 2023-10-16 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Singh testified at Bankman-Fried's trial that his concerns were almost always rebuffed. In Manhattan federal court Monday, Singh testified about how he frequently questioned and pushed back against Bankman-Fried's spending sprees and investment decisions — and was almost always rebuffed. "I would hear that my opinions were already factored in, and I didn't need to continue sharing them," Singh testified. Singh testified that he came to know Bankman-Fried through a friendship with the FTX founder's younger brother, Gabe Bankman-Fried. Infighting over expensesThe pair often disagreed on money, Singh testified.

Persons: Nishad Singh, Sam Bankman, Singh, —, Fried, Bill Clinton, Tony Blair, spender, Caroline Ellison, Gary Wang, Gabe Bankman, FTX, SBF, I've, Sam, Tom Brady, Gisele Bündchen, Steph Curry, Kevin O'Leary, Larry David, Jon Kopaloff, Fatih Aktas, Getty Images Singh, Michael Kives, Hillary Clinton, Katy Perry, Orlando Bloom, Ted Sarandos, Jeff Bezos, Kate Hudson, Leonardo DiCaprio, Corey Gamble, Kendall Jenner, Singh wasn't, Kris Organizations: Service, Bankman, Alameda, US Securities and Exchange Commission, University of California, Facebook, Engineering, Sequoia Capital, Yuga, Miami, Major League Baseball, of Legends, Getty Images, Anadolu Agency, K5 Global Locations: Bankman, FTX, Manhattan, Berkeley, Alameda, Bahamas, Kazakhstan, Albany

☆ AI startup caused a 'battle of the billionaires' on 'Shark Tank'—and got a $300,000 offer from Mark Cuban and Michael Rubin
▼ + stars: | 2023-10-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Billionaires Mark Cuban and Michael Rubin are up for the challenge. "This is a real issue," said Rubin, the CEO of sports retailer Fanatics and a guest judge on the episode. "We want to help change the perception of bots amongst consumers," Griffith said. Arming consumers with bots could help give regular people a fighting chance to buy items at fair prices, he surmised. Bachelor and Griffith, caught between their options, implored Cuban and Rubin to make a joint deal.

Persons: Maurice Bachelor, Mark Cuban, Michael Rubin, Joel Griffith, Rubin, Kevin O'Leary, Griffith, O'Leary Organizations: Cuban, Sharks, CNBC Locations: Angeles

☆ Mark Cuban loved this 'Shark Tank' company's mission—but the CEO made a $40 million mistake: 'You blew it'
▼ + stars: | 2023-10-09 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

A powerful mission alone isn't enough for Mark Cuban to invest seven figures in a company. "Micah, you blew it," Cuban told Truman. CEO Truman, alongside Return Home services manager Katey Houston, asked the Sharks for $2 million in exchange for 5% of their business — a deal that would value the company at $40 million. At the time of its most recent fundraise, "about a year" prior, Return Home was only valued at $20.6 million, Truman said. This is not about land grab, it's about brand grab," Truman responded.

Persons: Mark Cuban, Micah Truman, —, Micah, Cuban, Truman, Katey Houston, Kevin O'Leary Organizations: Dallas Mavericks, —, Home, Sharks, Truman Locations: Auburn, Washington, Houston

☆ Wall Street's dream scenario is dead
▼ + stars: | 2023-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +8 min

Wall Street's vision of a Goldilocks scenario for the stock market and economy is unraveling. AdvertisementAdvertisementWall Street's dream of a Goldilocks scenario for the stock market and economy is probably dead. Interest rates soared. As painful as inflation and higher interest rates were, the economy remained resilient as consumers held onto their jobs and kept swiping their credit cards. It has to acknowledge that interest rates are now sufficiently restrictive, and decide that it's next monetary policy move isn't an interest rate hike, but rather a pause, and then a cut.

Persons: —, it's, Jerome Powell, Powell's, Powell, Buckle, Greg Daco, Something's, Kevin O'Leary, we've, Wharton, Jeremy Siegel, Mary Daly, Raphael Bostic Organizations: Service, Treasury, Valley Bank, Bloomberg, CNBC Locations: America

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ 'Shark Tank' star Kevin O'Leary laughs off idea that institutional investors want bitcoin: 'They don't own any of it'
▼ + stars: | 2023-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Institutions aren't putting money into bitcoin, despite talk of rising interest, Kevin O'Leary said. A bitcoin spot ETF won't happen as the main crypto exchanges are under SEC scrutiny, he told CoinDesk. Without compliant and transparent exchanges in the US, bitcoin won't rise in value, he added. AdvertisementAdvertisementDespite optimism that top institutions on Wall Street are going to step into bitcoin investing, that's not actually happening, "Shark Tank" star Kevin O'Leary said. Meanwhile, more transparent crypto exchanges may emerge in other parts of the world, potentially sending institutional interest elsewhere.

Persons: Kevin O'Leary, CoinDesk, —, that's, O'Leary, they're, Gary, That's, Changpeng Zhao, Sam Bankman Organizations: SEC, Service, Fidelity Locations: bitcoin, BlackRock

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

☆ These 'Shark Tank' founders 'desperately' needed a rebrand—they still snagged a $500K deal with Mark Cuban
▼ + stars: | 2023-10-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The company, called Gatsby Chocolate, appeared on Friday's season premiere of ABC's "Shark Tank." The appeal for Gatsby Chocolate was evident — lots of people have a sweet tooth, and a candy bar with less calories but "no compromise on taste" sounds like a no-brainer. But for Lori Greiner and guest shark Candace Nelson, founder of Sprinkles Cupcakes, it just didn't fit. While Lori entertained that notion, for a 25% stake, Cuban balked: "My brand is too big to be the face of the brand," the billionaire said. "Specifically, we're actively looking into 'Gatsby Chocolate: The good for you bar,' after discussing with Mark and Lori, so be on the lookout!"

Persons: Mark Cuban, Doug, Ryan Bouton, Ryan, Gatsby, Lori Greiner, Candace Nelson, Sprinkles, Greiner, Nelson, Kevin O'Leary, O'Leary, Daymond John, Z, Lori, they'd, Cuban, Ryan couldn't, We're, Mark, we're Organizations: Walmart Safeway, Cuban, CNBC

☆ 'Shark Tank' investor Kevin O'Leary warns commercial real estate woes will topple banks and throttle businesses
▼ + stars: | 2023-10-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary is worried about commercial real estate, regional banks, and small businesses. O'Leary wants to boost protections on payroll accounts to ensure companies can pay their workers. AdvertisementAdvertisementPressure is building on regional banks, commercial real estate developers, and small businesses, Kevin O'Leary has warned. AdvertisementAdvertisement"We're going to see more cracks in regional banks, and that's putting pressure on the loan books of those banks which are hitting small business," O'Leary said. The founder of O'Leary Funds and O'Leary Ventures urged lawmakers to support a $100 million guarantee for non-interest-bearing accounts, which would protect payroll accounts.

Persons: Kevin O'Leary, O'Leary, —, " O'Leary, They've Organizations: Service, Fox Business, Federal Reserve, Federal Deposit Insurance Corp, O'Leary Funds, O'Leary Ventures Locations: Regional

☆ 'Shark Tank' watch: Kevin O'Leary warns about commercial real estate, Barbara Corcoran expects house prices to climb, and Daymond John touts Apple and Amazon
▼ + stars: | 2023-09-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Three "Shark Tank" investors weighed in on stocks, real estate, and cryptocurrencies. Daymond John loves Apple and Amazon; Kevin O'Leary likes index funds but worries about commercial space. AdvertisementAdvertisementA trio of "Shark Tank" investors shared their views on stocks, real estate, and cryptocurrencies in a Fox Business interview on Tuesday. Kevin O'Leary touted index funds, rang the alarm on commercial real estate, and predicted the crypto industry will clean up its act. AdvertisementAdvertisement"Stock picking is really hard," the founder of O'Leary Funds and O'Leary Ventures said.

Persons: Daymond John, Apple, Kevin O'Leary, Barbara Corcoran, —, Daymond John trumpeted Apple, he's, she's, Stocks O'Leary, O'Leary, John, Amazon's, Corcoran, Crypto O'Leary, Sam Bankman, Fried's, I'm Organizations: Service, Fox, O'Leary Funds, O'Leary Ventures, Apple, Foods, The Corcoran Locations: bitcoin

☆ 'Shark Tank' investor Kevin O'Leary likely made over 20 times his money on a startup selling genetic-testing kits for cats
▼ + stars: | 2023-09-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary probably made over 20 times his money from one "Shark Tank" investment. The celebrity investor backed Basepaws, a startup selling at-home genetic tests for cats, when it was pitched on "Shark Tank" in 2019. O'Leary said on "The Daniel Mac Show" earlier this year that among his "Shark Tank" investments, Basepaws was his biggest winner in percentage terms. If O'Leary paid $125,000 for a 5% stake, he would have made about $2.4 million or 20 times his money, ignoring any dilution. "She's so good at promoting her products, she has built that business 10-fold since 'Shark Tank.'"

Persons: Kevin O'Leary, Basepaws, Zoetis, O'Leary, Anna Skaya, Robert Herjavec, Daniel Mac, —, Zoetis didn't, Anna Organizations: Service, Basepaws, Albertsons Locations: Basepaws, Wall, Silicon

☆ 'Shark Tank' investor Kevin O'Leary warns of more pain coming for the economy as the Fed is poised to hike rates higher and as oil prices keep rising
▼ + stars: | 2023-09-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed will likely spark more pain for the US economy, according to "Shark Tank" star Kevin O'Leary. He predicted the Fed will push interest rates to 6% in a bid to lower inflation. Central bankers have raised interest rates aggressively over the past 18 months to control inflation, with rates now at their highest level since 2001. Oil prices have stuck close to a 10-month high, with Brent crude the international benchmark, trading around $94 a barrel on Friday while West Texas Intermediate crude traded around $91 a barrel..O'Leary blamed high oil prices on a systemic shortage of crude production. Forecasters have warned that oil prices could go even higher through the end of the year as supply cuts from producers in OPEC+ could deepen.

Persons: Kevin O'Leary, O'Leary, Brent Organizations: Service, Federal, Fox Business, of Labor Statistics, West Texas Intermediate Locations: Wall, Silicon, OPEC

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