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☆ Kevin O’Leary on why he invested in FTX and his recent conversation with Sam Bankman-Fried
▼ + stars: | 2022-12-08 | 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 on why he invested in FTX and his recent conversation with Sam Bankman-FriedVenture capitalist Kevin O'Leary joins CNBC's 'Squawk Box' to discuss why he took an equity stake and became a spokesperson for the now-bankrupt crypto exchange FTX.

☆ FTX spokesman Kevin O'Leary says he lost his $15 million payday from crypto firm
▼ + stars: | 2022-12-08 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Investor, "Shark Tank" judge and CNBC contributor Kevin O'Leary said Thursday he's lost all of the $15 million FTX paid him to act as a paid spokesman for the now collapsed crypto exchange that some have called fraudulent. The Canadian investor was grilled by CNBC's "Squawk Box" hosts over his failure to properly assess the risks associated with investing and promoting FTX. "Total deal was just under $15 million, all in," O'Leary said Thursday morning on CNBC's "Squawk Box." O'Leary also said he had over $1 million of FTX equity, now rendered worthless by the bankruptcy protection process. O'Leary promoted FTX aggressively on Twitter and online, touting his close connection with disgraced founder Sam Bankman-Fried, who is facing multiple investigations.

☆ New: Kevin & Bethenny Taste The Product
▼ + stars: | 2022-12-08 | 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 EmailNew: Kevin & Bethenny Taste The ProductThings get hot when Kevin O'Leary and Bethenny Frankel taste a product on this episode of Money Court.

☆ Kevin O'Leary says he lost almost $10 million in the FTX collapse, and that the exchange had paid him $15 million to be a spokesman
▼ + stars: | 2022-12-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Kevin O'Leary was paid $15 million by FTX to be a spokesman for the failed crypto exchange. O'Leary told CNBC that he personally had $9.7 million in crypto tokens on the FTX platform that has since been wiped out to $0. O'Leary also owned a $1 million equity stake in FTX that has since been wiped out as the company filed for bankruptcy. O'Leary also owned a $1 million equity stake in FTX that has since been wiped out after the company filed for chapter 11 bankruptcy last month. Now, O'Leary is on a quest to do exactly that and find out exactly where his and FTX customers' money ultimately went.

☆ The industries with the most—and least—salary transparency
▼ + stars: | 2022-12-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

As the trend toward pay transparency continues, companies across the nation are starting to include salary ranges in their job postings – but there are some industries and organizations that lead the pack. According to recent research from Adzuna, a job search engine, the best industries for pay transparency are charitable jobs and trade/construction jobs. Adzuna also found the worst industries for salary transparency – only 1% of job postings in the travel industry include pay ranges, and retail jobs ate the least transparent at 0.5%. Paul Lewis, chief marketing officer at Adzuna, says that the fallout from trends like the Great Resignation prompted these industries to increase salary transparency as a means to attract more workers. Based on Adzuna's findings, these are the 5 best companies for salary transparency as of November 2022:1.

☆ 17-year-old 'Shark Tank' contestant made slime in his garage, sold it to his friends, brought in $1 million in just 3 years
▼ + stars: | 2022-12-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Since 2020, Mark Lin has brought in at least $1.2 million selling food-scented slime from his garage in Burbank, California. Lin's company Sliimeyhoney was profitable almost from its inception, despite being run by a high school student at the time. Lin made the slime himself, hired 11 friends to help package and ship it, and sold $50,000 worth of product in his first year, he said on the show. Wonderful," said he'd invest $150,000 for 30% of the company if Lin could create a "Wonder Slime" flavor for his followers. John suggested that Lin stick with $150,000, because Sliimeyhoney already had a healthy cash flow.

☆ Want to make difficult conversations easier? Use this Bob Dylan-inspired phrase, says bestselling author Susan Cain
▼ + stars: | 2022-12-03 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

If you're a folk music aficionado, you might be familiar with this line: "Speaking strictly for me, we both could have died then and there." And according to bestselling author Susan Cain, it holds the key to making difficult conversations a lot easier. Sinek backed her up: "Can you imagine if every opinion that someone expressed, political or otherwise, started with 'Speaking strictly for me?' That simple phrase does several key things at once, by Cain and Sinek's estimation — all of which can help when navigating difficult conversations. "Their shoulders relax as soon as they hear that phrase," Cain said.

☆ New: Kevin Talks Royalties
▼ + stars: | 2022-12-01 | 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 EmailNew: Kevin Talks Royalties"Are you crazy?" In the Money Court Season Premiere, Kevin O'Leary dishes on a royalties deal.

☆ Is your house making you sick? 3 things you might not realize are affecting your health at home—and how to fix them
▼ + stars: | 2022-11-25 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

With so many things to worry about, it can be easy to overlook the small things, but even those small things can have an effect on your body. "Homesick" could take on a new meaning for you once you realize that some ordinary things around your house may be affecting your health. An uncleaned air filter can trigger allergies and offer less ventilation in your house, reducing your protection from respiratory viruses, he adds. Soft surfaces with mold on them, including dry wall and insulation, should be tossed, Bidwell adds. "It's a good thing to just walk around and check these things sometimes," says Bidwell.

☆ These are the daily behaviors an expert in sleep medicine does to get the best night's rest
▼ + stars: | 2022-11-22 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

Dr. Schwab is a Professor of Medicine and Chief of the Division of Sleep Medicine at the University of Pennsylvania Perelman School of Medicine. Sleep experts have some of the best knowledge about how to prepare for bed and about how to get satisfying sleep through the night. There are several behaviors that contribute to better sleep in Schwab's daily life. Determining how many hours of sleep you need each night can be done through trial and error, says Schwab. Typically, most people need seven and half to eight and half hours of sleep each night, but some can require as many as 10 to 12 hours.

☆ Avoid these 10 ‘cringeworthy’ phrases that are annoying your co-workers
▼ + stars: | 2022-11-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

These jargony phrases are particularly off-putting because they are vague and can often come across as passive aggressive, Dawid Wiacek, a career and executive coach, tells CNBC Make It. Other phrases translate to thinly veiled criticisms of someone's work. "When we celebrate a win or compliment someone on a job well done, we never encourage them to 'take ownership,'" Davis says. "That phrase is always used in a negative tone, it implies that you need to take on more responsibilities or work harder." ET to learn from money masters like Kevin O'Leary how you can increase your earning power.

☆ Binance drops new ad with Cristiano Ronaldo as FTX celeb endorsers like Tom Brady and Steph Curry face a lawsuit
▼ + stars: | 2022-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Binance launched its first global marketing campaign, and it features soccer star Cristiano Ronaldo. As the World Cup begins, Ronaldo is launching is first NFT collection under the Binance partnership. Meanwhile, FTX celebrity endorsers like Steph Curry and Tom Brady are facing a lawsuit for promoting the fallen crypto exchange. As the World Cup begins, the ad campaign coincides with Ronaldo's non-fungible token collection that became available on Friday as part of a multiyear partnership with Binance. The Ronaldo deal also comes as investors filed a lawsuit against pro athletes who promoted FTX, including Tom Brady, Steph Curry, David Ortiz, as well as celebrities like Larry David and Kevin O'Leary.

☆ Don’t worry if you didn’t get your student debt forgiveness approval yet—‘more are coming,’ Education Secretary says
▼ + stars: | 2022-11-21 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

Over the weekend, federal student loan borrowers who applied for President Joe Biden's debt forgiveness began receiving updates on their applications. Letters sent to borrowers via email let them know their forgiveness application had been approved and their servicer has also been notified. "Your application is complete and approved, and we will discharge your approved debt if and when we prevail in court," the letters continue. The administration is currently barred from accepting more applications for debt forgiveness. Check out: Borrowers react to student loan forgiveness: 'A huge weight has been lifted off of my shoulders'

☆ Mark Cuban rejected these ‘Shark Tank’ founders in less than 2 minutes: ‘Dumbest marketing move ever’
▼ + stars: | 2022-11-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

On Friday's episode of ABC's "Shark Tank," billionaire Mark Cuban left a deal in less than two on-screen minutes for a different reason: the "dumbest marketing move ever." But they made their fatal error early: They gave Cuban, the owner of the NBA's Dallas Mavericks, an air freshener with the Golden State Warriors' logo on it. "You got to read your room," Cuban said, throwing down the air freshener. Ride FRSH had made $1.1 million in revenue in three years since launching, due largely to its subscription model. She offered $200,000 for 25% of Ride FRSH, contingent on their pending partnerships becoming official.

☆ 'South to America' won the National Book Award for nonfiction—here are the past 10 winners of the literary prize
▼ + stars: | 2022-11-18 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Imani Perry's "South to America: A Journey Below the Mason-Dixon to Understand the Soul of a Nation" has been named the National Book Award winner for nonfiction. The book chronicles the Princeton professor's journey to her native Alabama, putting forth the idea that to better understand America, one must first understand the history and culture of the American South. "'Bama has a National Book Award," Perry said while accepting her award in New York City on Wednesday evening. In her tearful acceptance speech, the 50-year-old award winner said that she writes for "my people." The winners in each National Book Award category receive $10,000, NBC News reports, with nominees chosen by a five-person panel with judges including authors, editors and booksellers.

☆ Nouriel Roubini slams Binance boss CZ as a 'walking time bomb' and says crypto is totally corrupt
▼ + stars: | 2022-11-16 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Nouriel Roubini called Binance founder Changpeng Zhao a "walking time bomb" on Wednesday. Roubini also slammed Shark Tank investor Kevin O'Leary, who he called "a paid hack for FTX". "There are seven Cs of crypto," Roubini told CNBC Middle East Wednesday. Now FTX is collapsing & being bailed out by Binance," Roubini said in a November 9 tweet. Read more: 'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme: 'Who will bail out Binance?'

☆ A conversation with Shark Tank's Kevin O'Leary on FTX, Sam Bankman-Fried, and crypto regulation.
▼ + stars: | 2022-11-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Top of mind, inevitably, was last week's implosion of FTX, as O'Leary was a spokesperson and investor with the exchange. It was our third conversation together, and O'Leary shared candid thoughts on his FTX investments going to zero, as well as details from a phone call he had with Sam Bankman-Fried just before FTX declared bankruptcy. O'Leary, a paid spokesperson for FTX, said he had initially gained trust in the company and its 30-year-old CEO, Sam Bankman-Fried, a little over two years ago. The Shark Tank star told me that he was on the phone with Sam Bankman-Fried the day before FTX declared bankruptcy to discuss a price for potential buyers to rescue FTX. "He confirmed that it was $8 billion, and that's the number I took forward," O'Leary explained.

☆ Toys, washing machines, doughnuts: 10 items that actually got cheaper last month
▼ + stars: | 2022-11-16 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

But the price of some items actually declined in the last month, from washing machines to jewelry to doughnuts. Inflation has cooled from a year-over-year June peak of 9.1% to 7.7% in October, so declines are expected for some items. Given the slowing economy and widespread concerns of a recession, price drops for high-end luxury items like smartphones and jewelry are to be expected, too, he says. While this is good news for shoppers, most items with price declines in October are still more expensive than they were last year. For instance, prices for washers and dryers declined by 7.8% last month, but they are still up 1.5% compared to last October.

☆ Investors have filed a lawsuit against FTX celeb endorsers like Tom Brady, Steph Curry, and Larry David
▼ + stars: | 2022-11-16 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +2 min

Investors have filed a lawsuit against celebs who promoted the defunct crypto exchange FTX. The suit names celebs who range from sports stars like Tom Brady and Steph Curry to Larry David. FTX, which filed for bankruptcy on Friday, had invested millions in promotions like high-profile partnerships with celebs, sponsorships including the Miami Heat's FTX Arena, and deals with finance influencers. Several finance influencers who promoted FTX have apologized to their fans in recent days, including YouTuber Graham Stephan, Insider previously reported. FTX and representatives for Brady, Curry, Ortiz, David, and O'Leary did not immediately respond to Insider's request for comment.

☆ Dolly Parton receives $100 million award from Jeff Bezos: 'I will do my best to do good things with this money'
▼ + stars: | 2022-11-16 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Bezos began giving out the award in 2021, and the prize includes $100 million to be distributed within 10 years. Bezos chose Parton this year because "she gives with her heart," he explained in a video posted to his Twitter account. Upon receiving the award, Parton thanked Bezos, saying "I will do my best to do good things with this money." Over the years, Parton has donated money to a number of charitable causes, including education, Covid research and animal preservation. Bezos is also entering the world of charitable giving and has pledged to donate the majority of his $122 billion net worth.

☆ Laid-off tech workers could get $100,000 to start their own companies from this VC firm
▼ + stars: | 2022-11-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

In just two weeks, tens of thousands of people have lost their jobs in Silicon Valley after Twitter, Meta, Stripe and other tech companies laid off double-digit percentages of their workforce. Bucher leveraged the skills and connections from her blossoming tech career to start Day One Ventures just four years later. The firm has raised about $100 million, investing that money in over 100 companies and spearheading their communication strategies. Day One Ventures' portfolio includes a diverse range of businesses, from email tool Superhuman to parenting website Winnie. "I hope we are doing something more than just giving tech workers hope," Bucher says.

☆ A psychotherapist shares 3 'surprising' signs that anxiety is holding you back at work
▼ + stars: | 2022-11-15 | by ( Jenny Maenpaa | ) www.cnbc.com time to read: +4 min

Anxiety can make it difficult to sleep at night, especially if you spend late night hours reviewing everything you could've done wrong. Anxiety can distract you or cause you to procrastinate, making it harder to meet deadlines. Anxiety can cause you to be irritable, tense or fearful of how you are perceived, which may make it difficult to collaborate and create positive relationships. It can be difficult to make the connection between anxiety and work struggles. Here are three surprising signs anxiety might be holding you back at work:As a psychotherapist, I help patients tackle communication, performance issues and motivation issues that are often triggered by anxiety.

☆ Sam's Club is taking on Costco's famous $1.50 hot dog and soda—by lowering its own combo to $1.38
▼ + stars: | 2022-11-15 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Wholesale retailer Sam's Club is taking on rival Costco's iconic $1.50 hot dog and soda combo by lowering the price of its own frank. Doug McMillon, CEO of Sam's Club parent company Walmart, revealed the move during the company's third-quarter earnings call. He said the Sam's Club menu item would see a 12 cent price cut from $1.50 to $1.38. Sam's Club's hot dog is 1/4 pound like Costco's, and visitors to the store's café have the option to top it with mustard, ketchup, relish, kraut and fresh onions. The $1.50 price point has achieved a near-mythical status over at Costco.

☆ Self-made millionaire Barbara Corcoran shows off 'the best thing' in her closet—and it cost less than a penny
▼ + stars: | 2022-11-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Hanging in my closet," Corcoran wrote in the caption for her Instagram post, quoting HBO's "Sex and the City." Real estate broker Barbara Corcoran may be a self-made millionaire , but that doesn't mean she can pass up a good deal. "The best thing" in her closet, Corcoran said in the video, is also the least expensive: a paper necklace bearing fake emeralds that cost her "two Lira" in Italy. It's unsurprising that a custom job would cost Corcoran even more. In her recent Instagram video, Corcoran didn't offer up the number of times she's worn the Lhuillier gown — but judging by her past criteria, it's safe to assume she plans to keep it in use.

☆ Shark Tank's Kevin O'Leary, an FTX spokesperson, explains his next move after the crypto collapse and how he tried to rescue Sam Bankman-Fried
▼ + stars: | 2022-11-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

In an interview with Insider, Kevin O'Leary explained his next move now that FTX, a company he invested in, filed for bankruptcy. The "Shark Tank" investor said he's moving his assets to Canada, and will no longer keep funds in unregulated exchanges. He also broke down details of his phone call with FTX founder Sam Bankman-Fried. O'Leary then met his parents — both compliance lawyers — and gained more confidence from seeing other large, global investors backing FTX. Bankman-Fried also said on the call, according to O'Leary, that regulators were going to "come down hard" on the situation.

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