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☆ 'Shark Tank' investor Kevin O'Leary warns of a 3-pronged financial disaster as soaring interest rates bite
▼ + stars: | 2023-09-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Higher rates are hitting regional banks, commercial real estate, and small businesses, he says. "We've got the pressure at the regional banks, commercial real estate collapse, and small business not getting any capital," the "Shark Tank" investor told "Kudlow" in a recent interview. The Federal Reserve has rushed to crush historic inflation by hiking interest rates from nearly zero to north of 5% since last spring. Many small businesses and CRE developers rely heavily on debt financing from smaller banks, meaning higher rates and a credit crunch pose serious threats to them. He cautioned in another recent interview that the Fed was likely to lift rates higher than 6%, sending residential mortgage rates from a little over 7% today to above 8%.

Persons: Kevin O'Leary, We've, it's, O'Leary, CRE, hasn't Organizations: Service, Federal Reserve, Bank, Wall Street titans, JPMorgan Locations: Wall, Silicon

☆ More companies are failing as the Fed's war on inflation weighs on businesses
▼ + stars: | 2023-09-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The data suggests businesses are struggling to cope with the Federal Reserve's interest-rate rises. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The number of failed firms jumped 17% between July and August, according to data from Ep iq Bankruptcy reported by Bloomberg. Last month was the 13th in a row where the number of individual and commercial bankruptcies rose year-on-year, the outlet added. AdvertisementAdvertisementRetailer Bed Bath & Beyond, Silicon Valley Bank, and digital media brand Vice are among the US companies that have filed for Chapter 11 bankruptcy this year.

Persons: Kevin O'Leary Organizations: Bloomberg, Company, Service, Valley Bank Locations: Wall, Silicon

☆ Kevin O'Leary warns of economic chaos, with the Fed's aggressive rate hikes set to crush small businesses
▼ + stars: | 2023-09-04 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary once again warned that the Federal Reserve's sharp interest-rate hikes could cause economic chaos. The “Shark Tank” investor is worried about the impact that tightening campaign could have on small businesses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. You can't say that about small business anymore," he added. "But 60% of America is small business.

Persons: Kevin O'Leary, " O'Leary, O'Leary, Biden, We've, Fox Organizations: Service, Fox Business, Canada's Conservative Party Locations: Wall, Silicon, America, That's

☆ 'Shark Tank' investor Kevin O'Leary says it's weird there's no recession yet — and predicts mortgage rates will exceed 8%
▼ + stars: | 2023-08-31 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Kevin O'Leary finds it surprising the US economy has avoided a recession so far. The "Shark Tank" investor expects interest and mortgage rates to rise further. The US economy has managed to escape a recession so far — but mortgage rates are headed higher in the months ahead, he said. "We have this weird situation in America, we're at full employment," the "Shark Tank" investor told Fox News. Wonderful" — said interest rates were on track to hit 6% at least, pushing mortgage rates from about 7% today to above 8%.

Persons: Kevin O'Leary, Jerome Powell, Jim Chanos, O'Leary, — Organizations: Service, we're, Fox News, Federal Reserve Locations: Wall, Silicon, America, Texas, Florida

☆ 'Shark Tank' investor Kevin O'Leary warns of 'real chaos' in the coming months as high interest rates batter the US economy
▼ + stars: | 2023-08-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US economy is in for "real chaos," according to "Shark Tank" investor Kevin O'Leary. That's because high interest rates are battering commercial real estate, banking, and small businesses. O'Leary has said small businesses make up around 60% of jobs in the US economy. The famed investor pointed to high interest rates as the result of the Federal Reserve's battle to bring down inflation. High rates could particularly spell trouble for the commercial real estate sector, where there's around $1.5 trillion of debt that's set to mature within the next two to three years.

Persons: Kevin O'Leary, That's, O'Leary, Morgan Stanley, Biden Organizations: Service, Bloomberg, Citi, JPMorgan, Fox Business Locations: Wall, Silicon, America

☆ 'Shark Tank' investor Kevin O'Leary says Michael Burry's bet against the S&P 500 is going to be painful, even if he's right eventually
▼ + stars: | 2023-08-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Michael Burry's bet against the S&P 500 could prove to be painful, Kevin O'Leary warned. Burry made around $100 million betting on the 2008 crisis, but that was a different game, O'Leary says. The S&P 500 has 500 mega-cap companies in it in 11 sectors of the economy, real estate only being one of them. The same goes for Burry's bet against the Nasdaq 100, which is largely concentrated in tech, but has leading stocks in different areas of the sector. At the crux of the market's turmoil, the S&P 500 could plummet 57% to 1,900 and the Nasdaq could plunge 56% to 6,000, Burry predicted last year.

Persons: Michael Burry's, Kevin O'Leary, Burry, O'Leary, " O'Leary, –, Burry aren't Organizations: Service, Fox News, Nasdaq, Scion Asset Management Locations: Wall, Silicon

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki slams Janet Yellen for trumpeting Bidenomics: 'What is she smoking?'
▼ + stars: | 2023-08-16 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"Rich Dad Poor Dad" author Robert Kiyosaki took a jab at Janet Yellen for touting Bidenomics. Has she filled her gas tank lately?" The Treasury Secretary on Monday cheered Biden's Inflation Reduction Act for driving economic growth at a time when Americans are financially strapped. "Treasury Secretary Janet Yellin says the IRA Inflation Reduction Act is "turning point" in saving our planet, "what is she smoking?" Has she filled her gas tank lately?

Persons: Dad, Robert Kiyosaki, Janet Yellen, Yellen, Joe Biden's, Kiyosaki, Janet Yellin, rekindling, Kevin O'Leary Organizations: Service, Bidenomics, Reserve Locations: Wall, Silicon, Las Vegas , Nevada

☆ Geopolitical risks are a top global threat to businesses, survey finds
▼ + stars: | 2023-08-03 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

Around 36% of businesses polled view geopolitical tensions as top risks currently — such as those related to issues over Taiwan, South Korea, and Russia-NATO. The latest third quarter 2023 Global Risk Survey covered 127 businesses from July 6-27 this year. Risks aheadGeopolitical risks continue to factor prominently for businesses as a major concern for the next five years. "As reported last quarter, more than three-fifths of respondents view geopolitical risks as a very significant risk to the global economy over the medium term," said Thompson. "An intensification of geopolitical tensions could potentially trigger significant deglobalization of trade and the financial system," he added.

Persons: Fred DUFOUR, FRED DUFOUR, Fred Dufour, Jamie Thompson, Fitch, Biden, Vladimir Putin, Thompson, Kevin O'Leary Organizations: Getty, Afp, Oxford Economics, Fitch downgrades, UBS, NATO, U.S, Reuters, Atlantic Treaty Organization, . Federal, Silicon Valley Bank, Signature Bank Locations: Beijing, Taiwan, South Korea, Russia, Washington, U.S, China, it's, Ukraine, Republic, Silicon

☆ 'Shark Tank' star Kevin O'Leary says US debt-rating downgrade means there's less faith in the dollar and Treasurys
▼ + stars: | 2023-08-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Fitch's US credit-rating downgrade means there's less faith in the dollar and Treasury bills, Kevin O'Leary said. This will push sovereign wealth funds to be weary of holding greenbacks, he told Fox News. Doesn't matter: the more the government goes into deficit spending, the more rating agencies scrutinize the quality of that debt," O'Leary said. This is the second downgrade the US has ever received, preceded by S&P Global's 2011 downgrade. Effectively, the lowered rating also means a higher cost of borrowing for the US, which deepens federal deficit spending.

Persons: Kevin O'Leary, Fitch, O'Leary, That's, Goldman Sachs, Jamie Dimon, Mohamed El, Erian Organizations: Treasury, Fox News, Service, US Treasury, AAA, AA, Wall, CNBC Locations: Wall, Silicon, America

☆ 'Shark Tank' investor Kevin O'Leary warns of more regional bank failures as the Fed presses ahead with interest-rate increases
▼ + stars: | 2023-07-28 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"Shark Tank" investor Kevin O'Leary has warned of more regional bank failures as the Fed keeps raising interest rates. "You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break," he said. The Fed announced a quarter-point rate rise on Wednesday in a bid to cool inflation down to 2%. The collapses of Silicon Valley Bank, Signature Bank, and First Republic, have shown the damage higher interest rates have done to smaller US lenders. "We've started to see the cracks, the Titanic has not [sunk]," O'Leary said of the bank collapses.

Persons: Kevin O'Leary, Jerome Powell, We've, " O'Leary Organizations: Fed, Service, Federal Reserve, CNBC, Valley Bank, Signature Bank, First Locations: Wall, Silicon, First Republic, United States

☆ 'Things are going to break': Kevin O'Leary predicts Fed hikes will lead to more U.S. regional bank failures
▼ + stars: | 2023-07-27 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

"Shark Tank" investor Kevin O'Leary predicts the ongoing cycle of U.S. Federal Reserve rate hikes could lead to more regional U.S. bank failures. Fed Chair Jerome Powell said the central bank is not yet fully confident that inflation is defeated even though recent headline reads show that price increases have cooled significantly. The consumer price index rose 3% from a year ago in June — the lowest level since March 2021. But Powell said the Fed would need to "hold policy at a restrictive level for some time" and be prepared to raise rates further, given that core inflation is still above 3% — higher than its 2% annual target. "I am just predicting — and I am very cautious on this — it will break down in the regional banks, which supports 60% of the economy," he said, adding that the rapid rise in the cost of capital is "killing them on their real estate loans."

Persons: Kevin O'Leary, Jerome Powell, Powell, O'Leary, CNBC's Organizations: . Federal, O'Leary Ventures Locations: U.S

☆ Kevin O'Leary cautions against optimism about the U.S. economy
▼ + stars: | 2023-07-27 | 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 cautions against optimism about the U.S. economyKevin O'Leary of O'Leary Ventures says the U.S. Federal Reserve is "not finished" as core inflation is "nowhere near 2%."

Persons: Kevin O'Leary, O'Leary Organizations: O'Leary Ventures, U.S . Federal Locations: U.S

☆ Watch CNBC's full interview with Benjamin Bergen and Kevin O'Leary
▼ + stars: | 2023-07-18 | 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 Benjamin Bergen and Kevin O'LearyBenjamin Bergen, executive director of the Council of Canadian Innovators, Venture capitalist Kevin O'Leary, and CNBC's Seema Mody join 'The Exchange' to discuss Canada's push to recruit U.S. H1-B holders with a new government program, the tech sector employee deficit in Canada, and growing global competition for talented workers.

Persons: Benjamin Bergen, Kevin O'Leary Benjamin Bergen, Kevin O'Leary, CNBC's Seema Mody Organizations: Council of Canadian Innovators, Venture Locations: Canada

☆ Canada's new tech talent strategy hopes to recruit U.S. H-1B visa holders
▼ + stars: | 2023-07-18 | 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 EmailCanada's new tech talent strategy hopes to recruit U.S. H-1B visa holdersBenjamin Bergen, executive director of the Council of Canadian Innovators, Venture capitalist Kevin O'Leary, and CNBC's Seema Mody join 'The Exchange' to discuss Canada's push to recruit U.S. H1-B holders with a new government program, the tech sector employee deficit in Canada, and growing global competition for talented workers.

Persons: Benjamin Bergen, Kevin O'Leary, CNBC's Seema Mody Organizations: Council of Canadian Innovators, Venture Locations: Canada

☆ 'Shark Tank' investor Kevin O'Leary warns small businesses are battling a cash crunch - and a funding crisis is looming
▼ + stars: | 2023-07-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary warned the Fed's rate hikes are hammering America's small businesses. "We've got a real crisis coming here, there's no cash for small businesses," O'Leary said. "You can't say that about small business anymore. "I'm here on the hill today in Washington talking to everybody I can about the problems I've got in just getting working capital for small businesses," he said. "I have never, ever seen anything like this," O'Leary told CNBC after Meta's new social-media platform racked up 100 million sign-ups in five days.

Persons: Kevin O'Leary, O'Leary, We've, that's, I've Organizations: Service, Fox Business, Capitol, CAC, CNBC Locations: Wall, Silicon, Washington

☆ 'I have never, ever seen anything like this' - Kevin O'Leary says Twitter rival Threads is showing unprecedented growth
▼ + stars: | 2023-07-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Kevin O'Leary praised user growth on Meta's new Threads app, which seeks to take on Twitter. "I have never, ever seen anything like this," O'Leary told CNBC on Monday evening. "I have never, ever seen anything like this," O'Leary told CNBC on Monday evening. It's similar to Elon Musk's Twitter, which has since threatened to sue Meta over the app. With Threads' growing audience, O'Leary predicted that small businesses will eventually be seeing higher returns on ad expenditures.

Persons: Kevin O'Leary, O'Leary, Mark Zuckerberg, —, Elon, Zuckerberg, Musk Organizations: Twitter, CNBC, Service, Meta, CAC Locations: Wall, Silicon, Europe

☆ Kevin O'Leary weighs in on Twitter vs. Threads
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKevin O'Leary weighs in on Twitter vs. ThreadsKevin O'Leary, Shark Tank investor, joins 'Last Call' to give his take on the showdown between Threads and Twitter.

Persons: Kevin O'Leary Organizations: Twitter, Shark

☆ Crypto is 'radioactive waste' for institutional investors until things get resolved, Shark Tank's Kevin O'Leary says
▼ + stars: | 2023-06-08 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

Crypto is 'radioactive waste' for institutional investors, Shark Tank's Kevin O'Leary said. Following the SEC's crackdown on Binance and Coinbase, O'Leary said the industry won't see any growth until things get resolved. Following the back-to-back regulatory crackdowns on Binance and then Coinbase by the SEC this week, O'Leary thinks the crypto industry won't see any capital gains until things get resolved. SEC Chair Gary Gensler is 'razor-clear' on what he wants, which is to make bitcoin a security and regulate where it's traded like on a broker dealer exchange, O'Leary said. You could open the spigots, you could really make this industry take off and own it domestically.

Persons: Crypto, Shark, Kevin O'Leary, Coinbase, O'Leary, —, I've, they've, Binance, Changpeng Zhao, Gary Gensler, Brian Armstrong, I'd, we've Organizations: Service, SEC, Fox Business, Binance, CZ

☆ 'Shark Tank' star Kevin O'Leary prefers his employees work from home — unlike Elon Musk
▼ + stars: | 2023-05-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary said he doesn't believe remote work is "morally wrong" and sees it as a cost-saver. "Shark Tank" star Kevin O'Leary says he doesn't agree with Elon Musk when it comes to the debate on remote work — he actually prefers the employees at his 54 companies work from home. "You can't tell me this doesn't work," O'Leary said, during an interview with CNN on Thursday. Though, the investor said he could understand why Musk would be against remote work at businesses like Tesla and SpaceX. While tech workers have spoken out against Musk's comments on remote work, other tech companies have also taken similar steps to bring workers back to in-person work.

☆ Shark Tank's Kevin O'Leary says Tesla's Cybertruck has a 'really ugly look' but sees beauty in its potential margins
▼ + stars: | 2023-05-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Kevin O'Leary said Tesla's Cybertruck has a "really ugly look" but demand is high. I think they're nuts. And I think it be a lot of fun to drive a tank," O'Leary said. It's got a really ugly look. I think they're nuts.

☆ A viral TikTok video of a strap-on shoe that helps you walk faster has gotten 25 million views. The founder says it's designed for everyone — even though it costs $1,400.
▼ + stars: | 2023-05-15 | by ( Reena Koh | ) www.businessinsider.com time to read: +4 min

A TikTok video of shoes that claim to help you walk 250% faster went viral earlier this year. That's because the shoe will make you walk 250% faster, according to Xunjie Zhang, who developed it. An average person can cover about three miles per hour at a walking pace, Zhang says in the TikTok video. "The faster you walk, the faster the shoes walk with you," Zhang said. "For the small small price of $1399," a sarcastic comment read on the viral TikTok video.

☆ Barbara Corcoran's $16 million 'Shark Tank' strategy: 'I'm always looking for the same No. 1 trait'
▼ + stars: | 2023-05-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Barbara Corcoran is often wowed by pitches on ABC's "Shark Tank, but impressive products or services aren't enough to get her to invest. Corcoran has offered "Shark Tank" contestants a lot of money using this approach: more than $16 million, according to one online estimate from November. Roughly one in 10 of Corcoran's investments on the show actually earn a profit, she said. "You make 10 investments, you get two to three huge hits, and it pays for the other seven [failed investments]," Corcoran's "Shark Tank" co-star Kevin O'Leary told CNBC Make It last year. "I'm good with that with my 'Shark Tank' companies," Cuban wrote on Twitter earlier that same year.

☆ Mark Cuban loved this 24-year-old 'Shark Tank' CEO's company—here's why he rejected it: 'You're making a boatload of money'
▼ + stars: | 2023-05-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Sophie Nistico seemed to have all the pieces in place for a big investment deal on ABC's "Shark Tank." She spent no money on advertising, due to a large social media presence, and had more than $400,000 in the bank, she added. "You are making a boatload of money," Mark Cuban added. "I don't really know how to help you," said Kevin O'Leary. "This thing where you don't know anything about business, I don't really buy it anymore.

☆ 'Shark Tank' star Kevin O'Leary dismisses de-dollarization talk and says he won't accept the yuan due to distrust of China's government
▼ + stars: | 2023-04-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The "Shark Tank" star also said he won't accept the yuan due to lack of trust in the Chinese government. "So I don't care what form of transaction you want to do with me in Asia, I will not take Chinese yuan." "How much of an institution's money or a sovereign wealth fund would you put into the Chinese yuan? "Because it's not that I don't trust the Chinese people, I don't trust their government. So I don't care what form of transaction you want to do with me in Asia, I will not take Chinese yuan."

☆ Mark Cuban rejected this 'Shark Tank' company—and said he'd take its ideas to one of its competitors
▼ + stars: | 2023-04-10 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You don't often see an investor taking an entrepreneur's idea and giving it to a competitor, but that's exactly what Mark Cuban did on Friday's episode of ABC's "Shark Tank." During the episode, Justin Crowe pitched his 3-year-old cremation alternative startup Parting Stone to investors, including Cuban. Eterneva currently focuses on turning ashes into diamonds, and Cuban viewed Parting Stones' offerings as a great second product line. Lori Greiner called Parting Stones "genius," and Kevin O'Leary said the category was right up his alley. Crowe rejected them all, saying that Parting Stone had both direct-to-consumer sales and business-to-business sales through funeral homes — and he'd only pay royalties from the consumer side.

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