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☆ Mark Cuban saw his younger self in this 'Shark Tank' founder—and offered him a $1 million deal
▼ + stars: | 2022-11-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

On Friday's episode of ABC's "Shark Tank," Cuban offered a big deal to Collars & Co., a Bethesda, Maryland-based menswear brand that makes casual polos with dress collars. Cuban and guest Shark Peter Jones teamed up to offer Baer a $300,000 investment, plus a $700,000 line of credit, for 10% of Collars & Co. Cuban asked Baer how much money he'd actually need to reach his goals. The other investors withdrew from consideration, leaving only Cuban and Jones' offer on the table. Once Baer left, Jones and Cuban wondered how the trio would work together over time — but Baer seemed satisfied with the negotiations and deal.

☆ Mark Cuban reveals the 14-second pitch he used to make money at his first sales job
▼ + stars: | 2022-11-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

A 12-year-old Mark Cuban sold trash bags door-to-door. The billionaire serial entrepreneur and Dallas Mavericks owner recently told GQ magazine that a family friend gave him the opportunity, marking his first-ever sales job. The friend sold Cuban boxes of trash bags for $3, so Cuban could turn around and sell them around the neighborhood at $6, to save money for sneakers. Cuban said he developed a 14-second pitch for every customer. In 2020, Cuban told the "Raising the Bar" podcast that he receives about 1,000 emailed pitches per day — and he judges them by only their first few sentences.

☆ 'Avatar' director James Cameron once threw out a 130-page script for a sequel: 'It was missing one of those critical elements'
▼ + stars: | 2022-11-11 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

We kept trying to corral it into a box and it never quite fit," Cameron said in the December issue. Indeed, the 68-year-old revealed in a recent interview with Total Film magazine that he scrapped a full script for an early version of 'Avatar 2'. Thirteen years after the original "Avatar" burst into theaters and became the highest-grossing film ever made, James Cameron is finally delivering the first of four planned sequels next month. Cameron said that the script "was missing one of those critical elements about sequels, which is that it didn't go enough into the unexpected." Cameron also felt that the script didn't connect to the "spiritual component" of the world of "Avatar".

☆ 8 states and D.C. will make sure wages go up when inflation does—see where pay is rising
▼ + stars: | 2022-11-11 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +4 min

If the measure was applicable for a January 2024 increase, the minimum wage would go up about 8%, for example. So despite record-high inflation sitting well above 5% this year, those earning minimum wage in Vermont won't see fully corresponding raises. If tips do not bring worker's wages to the full minimum wage, businesses are required to pay out the gap. The federal minimum wage remains unchanged at $7.25 since 2009, though President Biden did give a boost to federal employees earlier in his presidency, raising their minimum wage to $15. Don't miss: Minimum wage workers in New York City need to clock over 100 hours a week to afford rent

☆ Didn't win Powerball's $2 billion jackpot? You may be still be one of the 22 people who won $1 million
▼ + stars: | 2022-11-10 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

But matching five of the numbers still means a $1 million payout — and 22 people across 16 different states may have winning tickets, according to Powerball. The automatic 24% federal tax rate would take a $1 million payout down to $760,000, according to Powerball's tax calculator. There are enough horror stories of lottery winners squandering their earnings to make winning a major prize seem like more trouble than it's worth. A smaller prize takes a bit of the pressure off, but anyone receiving such a large cash payout can make mistakes. Common advice for lottery winners says to take the prize as an annuity to extend its life.

☆ $2.04 billion Powerball jackpot is now the largest prize in history—here are the top 5 so far
▼ + stars: | 2022-11-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

The $2.04 billion Powerball jackpot finally found a winner on Tuesday morning, after technical difficulties delayed the drawing that had been scheduled to take place on Monday. The massive prize marked the fifth time in the past five years that a lottery jackpot has crossed the billion-dollar threshold — and this one was a world record. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. $1.59 billion (Powerball)This Powerball drawing from Jan. 13, 2016, for which three winning tickets were sold, held the record as history's biggest lottery prize for more than six years, until this week's Powerball drawing dropped it down a spot. $1.34 billion (Mega Millions)The first billion-dollar jackpot of 2022 topped $1.3 billion before it found a winner in July.

☆ AMC and Zoom want you to take your next work meeting on the big screen
▼ + stars: | 2022-11-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Zoom, the popular video conferencing service, along with AMC Theatres announced this week that they are partnering in an effort to bring conference calls to the big screen. The partnership with the nation's largest theater chain, dubbed "Zoom Rooms at AMC," will see AMC turn its movie screens into videoconferencing displays for audiences ranging in size from 75 to 150, AMC said in an announcement. AMC says that it will also offer "additional services including food and beverage offerings, possible movie viewings, and concierge-style personalized handling of meeting needs" to customers "at an added cost." AMC and Zoom did not immediately give an indication of how the offerings would be priced. The companies said they plan to launch Zoom Rooms in "up to 17 major US markets sometime in 2023."

☆ Boston is now America's second most expensive city for renters
▼ + stars: | 2022-11-10 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

On top of that, new rentals that do become available skew toward the luxury market, pushing median rent prices even higher. One reason Boston is experiencing a spike in rental prices: there just aren't many homes available, Zumper reports. The median price for a one-bedroom rental in Boston jumped by nearly 6% in October to $3,060 per month. Move over San Francisco — Boston is now the second most expensive city for a one-bedroom rental, behind only New York City, according to Zumper's latest national rent report. And even though New York City still ranks as the most expensive city to rent a one-bedroom, median rent prices have fallen about 2% compared with September.

☆ This Season On Money Court
▼ + stars: | 2022-11-09 | 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 EmailThis Season On Money CourtOn Money Court, every decision is a business decision. Kevin O'Leary and Bethenny Frankel are in session starting Wednesday, November 30 at 10pm ET on CNBC.

☆ Kevin O'Leary: Do this for 1 hour every morning, or 'you will lose money 100% of the time'
▼ + stars: | 2022-11-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"You have to invest in information," O'Leary says. Spending an hour skimming through articles on your social media feed may sound easy. O'Leary avoids articles with "ridiculous and outrageous headlines" during his daily morning news hour, no matter how enticing they sound, he says. Google has a free fact-checking tool, where you can search keywords and verify if claims on social media or in blog posts are accurate. If you let the news and social media "bleed your time, you're going to become a very inefficient person," he adds.

☆ 15 companies that will let you work from home and are hiring now—some roles pay over $100K
▼ + stars: | 2022-11-08 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Remote jobs fell to 14% of all active listings on LinkedIn in September, down from a peak of 20% in February, according to a new report from the platform. To help people find the best remote opportunities, FlexJobs, a membership service for jobseekers, identified the 15 companies with the most remote job openings, including full-time and part-time opportunities, this fall. In spite of fewer remote job openings, Jennifer Shapely, LinkedIn's vice president of global talent acquisition, expects flexibility to remain a top priority for workers. Frana also stresses the importance of networking, which can also help you stand out in a tight job market. As in the traditional job market, "referrals tend to get much more traction than a cold application" for remote jobs, Frana adds.

☆ The U.S. will see a major shift in policy after the midterm elections, says Kevin O’Leary
▼ + stars: | 2022-11-07 | 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 EmailThe U.S. will see a major shift in policy after the midterm elections, says Kevin O’LearyVenture capitalist Kevin O'Leary and Operation Hope CEO John Hope Bryant join CNBC's 'Squawk Box' to discuss what a potential shift in Congressional power could mean for small businesses.

☆ Twitter staffers are sleeping in the office—ex-Apple engineer who worked on the iPhone says it's totally unnecessary
▼ + stars: | 2022-11-07 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

For some Twitter employees under Elon Musk, sleeping in the office appears to be an absolute must — the physical embodiment of the tech industry's "hustle culture." It's also totally unnecessary, says Ken Kocienda, a former Apple software engineer and designer who helped build the first iPhone and iPad. "I was on these [Apple] teams from the earliest stages and I never once came close to sleeping at the office. It's not an essential part of doing great work," he wrote in a Twitter post on Sunday. The "hustle porn" trend of tech founders and executives bragging about working around the clock and sleeping in their offices is nothing new.

☆ Powerball's $1.9 billion jackpot is the biggest ever—but Mark Cuban and Kevin O'Leary disagree on what to do if you win
▼ + stars: | 2022-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

If you're lucky enough to win Powerball's $1.9 billion jackpot draw — the biggest ever — you'll need to figure out what to do with all that money. Celebrity investors Mark Cuban and Kevin O'Leary have different takes on how to make the most of your winnings, although both advise against spending too much right away. Here's what both Cuban and O'Leary say to do if you win big. What Mark Cuban says to do with the moneyWhen it comes to large jackpots, Mark Cuban, billionaire and judge on ABC's "Shark Tank," says to keep most of the money in the bank, rather than risking it on investments that might not pay off. Winners often choose the lump sum because it can be immediately reinvested.

☆ 3 sneaky signs you're burned out at work, according to a neuroscientist—and what to do about it
▼ + stars: | 2022-11-06 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

"There's a whole gamut of negative emotions and physical symptoms of burnout." Struggling with constant distractions at work is another hidden sign that you're headed for burnout. Apathy is one of the "biggest" and most misunderstood symptoms of burnout, Suzuki says. "You don't have to be feeling these visceral, negative emotions to feel burned out," she explains. Next time you're feeling stressed, anxious or a different negative emotion, Suzuki suggests asking yourself, "Where is this feeling coming from, and why is it coming up now?"

☆ I talked to 70 parents who raised highly successful adults—here's the 'rare' skill they all taught their kids
▼ + stars: | 2022-11-05 | by ( Margot Machol Bisnow | ) www.cnbc.com time to read: +4 min

For my book, "Raising an Entrepreneur," I talked to 70 parents who raised highly successful people. When I asked them what skills they taught their kids at an early age, there was one in particular that they all agreed on: curiosity. As parents, we all want to raise confident, fearless and resilient kids. They encouraged their kids to fix things. Robert's curiosity for how things worked started when he was a young boy, when he unscrewed all the doorknobs in his parents' house.

☆ Kellogg's just released a boozy, Eggo Waffles-inspired eggnog liqueur—and I tried it
▼ + stars: | 2022-11-05 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

I love Eggo waffles just as much as the next guy, if not more. That said, I've never once had an Eggo waffle and thought to myself you know what would make this better? The liqueur, Kellogg's reasons, will "give grownups a unique way to L'Eggo of the holiday stress this season." Eggo fandom aside, the "L'Eggo" pun alone was enough to get me to want to try the Eggo Nog. Sugarlands boasts that "every sip [is] reminiscent of a perfectly toasted Eggo waffle," but the truth is that the Eggo flavor is nowhere to be found.

☆ The $1.6 billion Powerball jackpot is now the largest ever—here are the top 5 so far
▼ + stars: | 2022-11-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Once again, a lottery jackpot has crossed the billion-dollar threshold — the fifth time in the past five years — and this one is a world record. Saturday's Powerball drawing now has a jackpot of $1.6 billion, the largest ever, after no winners were announced for Wednesday night's $1.2 billion drawing. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. $1.34 billion (Mega Millions)As mentioned above, the record Powerball drawing is already the second billion-dollar jackpot of 2022. $768.4 million (Powerball)

☆ This couple started their business with just $5,000. Now it brings in $5 million a year—with Kevin O'Leary as an investor
▼ + stars: | 2022-10-19 | by ( Jamie | Brian Ratner | ) www.cnbc.com time to read: +4 min

It was important to understand every facet of our business, from social media to customer service, before we made any costly decisions. I also did my best to connect with every local parent-teacher association, business owner and media outlet. Great customer service will get you far. It was a tough negotiation, but we landed a deal with Kevin O'Leary for $600,000 in exchange for 19% equity. O'Leary and his team have helped us immensely in growing the business nationally and weathering the pandemic.

☆ Mark Cuban explains why he didn't retire early despite his wealth: 'I'm not retired because I'm too competitive'
▼ + stars: | 2022-10-16 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

Entrepreneurs Mark Cuban and Kevin O'Leary found early retirement unfulfilling. "Working is not just about money," O'Leary said. In 1991, the average retirement age was 57, and in 2022 it is 61, Gallup data from the past 21 years shows. Thirty-six percent of older Americans can't afford one year of basic elder care, the Center for Retirement Research found. Depending on how lawmakers attempt to address the program's solvency issues going forward, the normal retirement age might get pushed even higher.

☆ Mark Cuban could have retired early after becoming a millionaire at age 32—here's why he didn't
▼ + stars: | 2022-10-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

When Mark Cuban was in his 20s, he wanted to get rich and retire by age 35. He succeeded at the first part: At age 32, Cuban sold his first company, a computer consulting business called MicroSolutions, for $6 million. "I'm not retired because I'm too competitive," Cuban said. O'Leary promptly retired at age 36, and ultimately regretted it. "If I'm 25 and I'm doing this again, I'm probably [thinking], 'OK, what can I do to get acquired?'"

☆ Mark Cuban credits his first tech job to this interview strategy: I answered a trick question honestly
▼ + stars: | 2022-10-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Then, he landed his first job in tech as a PC software salesperson at a company called Your Business Software. But in an old blog post, which Cuban recently shared on Twitter, the billionaire revealed he almost didn't land the consequential role. The interviewers weren't impressed, Cuban wrote, until he answered one question: "What do you do if a customer has a question about a software package and you don't know the answer?" "Ding ding ding… [the interviewer] just loved the answer." Cuban didn't know it was a trick question, so he answered it honestly, stumbling into the correct answer.

☆ Kevin O'Leary says he's betting on Elon Musk amid Twitter drama: ‘I think this guy is Teflon’
▼ + stars: | 2022-10-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Kevin O'Leary just weighed in on Elon Musk's controversial Twitter deal — and he's siding with the world's richest person. "I happen to have watched [Musk] forever, and I think this guy is Teflon man," O'Leary said. O'Leary predicted that Musk will indeed assume ownership of Twitter once the dust settles, saying he thinks the Tesla CEO will improve the social media platform's user experience substantially once in charge. "I use the platform, too, and I look at the metrics versus all the other [social media companies] including Tiktok and LinkedIn and Instagram and Facebook. "He [advertised] it on the back of Twitter and other social media platforms.

☆ This ex-pharmacist spent $22,000 on a startup—now she has a $600,000 'Shark Tank' deal and could make $1 million this year
▼ + stars: | 2022-09-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Now, she has two new business partners and a "Shark Tank" deal: During the episode, Barbara Corcoran and Robert Herjavec gave Farzin a combined $600,000 for 10% of Oogiebear. The investors promised to give up half of that equity if the company doesn't hit $400 million in sales within two years. So she took $22,000 from her savings, quit her full-time pharmacist job and founded Potomac, Maryland-based Oogiebear. On Friday's episode of ABC's "Shark Tank," Farzin told investors how far she'd come: Since launching her booger-removal business, Oogiebear had made $15 million in revenue. But Farzin stayed focused on Corcoran and Herjavec, asking them for a combined $600,000 instead.

☆ Mark Cuban says 25% of his ‘Shark Tank’ deals are flops: ‘What the hell was I thinking?’
▼ + stars: | 2022-09-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

After 13 seasons on ABC's "Shark Tank," Mark Cuban estimates that he's had about as many hits as misses. Cuban says his "Shark Tank" deals aren't always solely about bringing in big financial returns. "I'm good with that with my 'Shark Tank' companies," Cuban wrote on Twitter in July. In July, Cuban told the "Full Send" podcast that he's taken a net loss on all of his "Shark Tank" investments so far. But that doesn't account for all the ongoing, operating businesses and their valuations," Cuban told CNBC Make It at the time.

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