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☆ JPMorgan, H&M join Google, Meta to buy, collectively, more than $1 billion of carbon removal
▼ + stars: | 2023-04-12 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

"We see Frontier's advanced market commitment as an important demand signal boost for the carbon removal market. Carbon dioxide emissions from energy production topped 36 billion tons last year, according to the International Energy Agency, with total global carbon dioxide emissions projected to have been 40.6 billion tons in 2022, according to the Global Carbon Project. So far, Frontier has spent $5.6 million buying nearly 9,000 tons of contracted carbon removal from 15 carbon dioxide removal startups that are collectively pursuing seven methods. And Living Carbon is a synthetic biology startup working on engineering natural systems to remove carbon dioxide. "However, the science is increasingly clear: Carbon removal is an increasingly necessary tool for limiting warming.

☆ NCAA star Angel Reese says playing at LSU is more lucrative than the WNBA—and she wants to splurge on a Mercedes-Benz
▼ + stars: | 2023-04-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

NCAA basketball champion Angel Reese isn't fast-tracking her college career, even if she had the option to go pro. "I'm in no rush to go to the league," Reese, 20, recently told the "I Am Athlete" podcast. That's more than any other college basketball player, the report says. Reese knows exactly what she wants to spend her newly gained fortune on, too: a Mercedes-Benz, she said on the podcast. "My first year [in college], I was just taking money," Reese said.

☆ 44-year-old's laundry side hustle helped her buy a laundromat—now it brings in $24,000 a month
▼ + stars: | 2023-04-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Called the Laundry Room, it's profitable, run by four employees and brings in up to $24,000 in revenue per month. Today, she still fulfills 12 hours of laundry requests per day, with her husband and Laundry Room employees filling in the gaps while she's at work. Using the money to buy a laundromatLast year, the laundromat Sanya and her husband tried to buy eight years prior was back on the market. The Laundry Room opened in September 2022 after Sanya and her husband spent an additional $10,000 redoing the floors and freshening its paint. Sanya opened the Laundry Room, which has 40 machines, in September 2022.

☆ Barbara Corcoran says every successful person she knows has imposter syndrome: 'That's what drives them'
▼ + stars: | 2023-04-03 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Corcoran, an entrepreneur and longtime investor on ABC's "Shark Tank," cited herself an example. And on "Shark Tank," it leads her to seek out entrepreneurs who question themselves. "Everyone's got self-doubt," Corcoran said. It may even be a shared experience among "Shark Tank" investors. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this 24-year-old became the U.S. Barista ChampionFrom the time she was 16 years old, Morgan Eckroth loved coffee — not just the taste, but the art of serving it. Since then, her life has been wholly coffee-centric: from working as a barista to making TikTok videos of latte art and sketches based on her experiences working in coffee houses. In 2022, Eckroth entered the U.S. Barista Championship tournament and emerged as that year's champion. And she says she has more to say about coffee at this year's competition.

Last year, Eckroth won the U.S. Barista Championships and placed second at the World Barista Championships. "I've experienced my biggest moments of growth, both professionally and also personally, emotionally ... in competition," Eckroth says. Here's how she turned her love of coffee into a six-figure career — and what it even means to be a competitive barista. On the competition grindA year after Eckroth started as a barista, she found a YouTube video of a competitive routine at the U.S. Barista Championships. Eckhart says she spent 170 hours over two months practicing for the 2022 U.S. Barista Championships.

☆ 'Shark Tank' star Barbara Corcoran’s No. 1 piece of investing advice: Don't diversify, ‘money is meant to be spent’
▼ + stars: | 2023-03-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

The entrepreneur and longtime investor on ABC's "Shark Tank" says "money is meant to be spent" — but only in a handful of places. "One piece of advice people hear all the time, and I just don't believe it, is: 'Diversify, don't put all your eggs in one basket,'" Corcoran, 74, tells CNBC Make It. "I put all my money in the real estate basket, my brokerage firm, and everything in there went to buying properties." Corcoran says she's built "a lot of wealth" by investing carefully and watching the market, but not worrying about investing in across different industries. She specifically recommends the real estate approach for young people looking to invest, even if means asking their families for financial help at first.

☆ The world’s most decorated skier won $1 million in prize money this year—why she plans to invest like Warren Buffett
▼ + stars: | 2023-03-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Instead, she patterns her money strategy after Warren Buffett. "I'm not necessarily playing the market on a daily basis, but I come from a Warren Buffett strategy. Instead, buy stock if you believe in the company, and don't be afraid to buy more when the price falls or sell when it's high. The best part about the tactic: It alleviates some of the pressure of trying to predict the stock market, Buffett noted. "Buy stock in several companies that make products [and] services that you believe in.

Christopher Willard | Walt Disney Television | Getty ImagesOn the advantage of being an underdog: I grew my business in a man's world. There were no businesses in New York City, especially in real estate, that were owned by women. There weren't any women role models, and the men weren't very forthcoming [with advice]. When I was just starting out, I went to a community business event and none of the men would even talk to me. On why she likes to partner with women in business: Women are more willing to listen [than men], and they're not as cocky they'll be an instant success.

☆ Why some Silicon Valley CEOs don't blame SVB for its crash: 'I still fundamentally believe' nothing was 'wrong with the bank'
▼ + stars: | 2023-03-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

SVB was a great partner to all the innovation that's happened in Silicon Valley," Varun Badhwar, CEO and co-founder of Palo Alto, California-based security software startup Endor Labs, tells CNBC Make It. "I still fundamentally believe there was nothing foundationally wrong with the bank." Before the crash, SVB counted nearly half of the country's venture-backed startups as clients, according to its website. CNBC Make It spoke with a group of startup bosses across a variety of industries, all of whom lost access to some, or all, of their company's money during the crash. But as investors' and other founders' attitudes changed throughout the afternoon, he decided to get the company's money out.

☆ How these 3 sisters grew up to become highly successful CEOs and a doctor: 'It's helpful to realize the world is often wrong'
▼ + stars: | 2023-03-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Believing in yourself has immeasurable value, says Anne Wojcicki. "It's helpful for people to realize the world is often wrong," she tells CNBC Make It. "When you're swimming upstream, it's hard and you're going to have people telling you it's a bad idea or you're not capable," Anne says. Many of those close relationships remain: Anne says she and her two sisters all still "have the same friends from early elementary school." 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

☆ This CEO halved her personal savings to meet payroll after SVB collapse: 'I don't really know yet what the repercussions will be'
▼ + stars: | 2023-03-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

The Flex Co. CEO Lauren Schulte Wang and her husband took out half of their personal savings to fund employees' paychecks after SVB crashed. They withdrew half of the money in their personal savings account, and deposited it into a brand-new account set up last Friday. Wang and her husband are The Flex Company's co-founders, and serve as CEO and CFO, respectively. When Wang tried to transfer her company's money, which she says represented 100% of its liquid capital, the bank's website crashed. On Monday, the last of The Flex Company's 30,000-plus retail locations finally switched over to the new account.

☆ Barbara Corcoran shares her simple yet effective negotiating strategy: It's about 'ego and timing,' not 'price'
▼ + stars: | 2023-03-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"Negotiation really has to do with ego and timing," Corcoran tells CNBC Make It. Roughly three decades ago, Corcoran was approached with an offer to sell her real estate business The Corcoran Group, and she was interested in cashing out, she says. So, when real estate company NRT offered her $22 million for The Corcoran Group roughly 10 years later, in 2001, she quickly submitted her counteroffer — asking for $66 million instead. "As a real estate broker running 1,000 sales agents, I had to teach them negotiating skills," Corcoran says. But the trend dissipates as women gain negotiating experience, noted a 2015 moderator analysis published in The Psychological Bulletin.

☆ 33-year-old who brought in $467,000 in 13 months renting out his boats: 3 skills you need to start a lucrative side hustle
▼ + stars: | 2023-03-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

He started a chartering business called SeaEO Nautical Ventures, initially intending to just cover the boat's payments. It's like an Airbnb business: If you start renting a house without the proper permits, you're going to get fined. It takes a lot of talking to people and working with my lawyer to really understand how to be legally compliant. I've actually gotten to the point where I'm really bored. When you really understand sales, you know there's only two reasons people buy things: to fix a problem, or because they love something.

☆ Mark Cuban offered $400,000 to a 'Shark Tank' startup he initially rejected—all because of his 2 daughters and wife
▼ + stars: | 2023-03-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban typically only invests in companies if he can see himself — or his NBA team, the Dallas Mavericks — using their products. On Friday's episode of ABC's "Shark Tank," he made an exception on behalf of his two daughters and his wife, making a $400,000 investment deal with San Francisco-based makeup company Youthforia. Robert Herjavec said he didn't understand what made the product unique, and Lori Greiner said she didn't use oil-based makeup. That's when Cuban came back in, saying he'd offer $400,000 for 10% without a royalty deal, because his daughters and wife would "understand" the product. O'Leary, growing frustrated, said he'd give $400,000 for 7.5%, but wanted a 75-cent royalty until he made $1 million.

☆ Mark Cuban found a car abandoned on the side of the road — and got it for free with a simple phone call
▼ + stars: | 2023-03-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

He even got one for free, Cuban told Bill Maher on a December episode of the Club Random Podcast. He had to hitch rides with friends until, one day, they found an abandoned car on the side of the road. "I knew from my own personal experience that someone had abandoned [the car], because they couldn't make the payment," Cuban said. At age 24, Cuban lived in a three-bedroom apartment with five roommates, he wrote in a 2009 blog post. Still, his riches didn't change his spending habits "all that much," he told Money.

☆ Barbara Corcoran says she made $1 million in a day selling apartments nobody wanted: I 'created a buying frenzy’
▼ + stars: | 2023-02-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

In a recent TikTok video, the co-star of ABC's "Shark Tank" told her followers about a crucial moment in her real estate career, when she was at risk of bankruptcy. The problem: Her Manhattan-based real estate company The Corcoran Group owned 88 empty "terrible apartments" that "nobody wanted" to buy. "The day of the sale, I had 150 people waiting in line for those 88 apartments. More than three decades later, the lesson still matters: "Everybody wants what everybody wants, but nobody wants what nobody wants," Corcoran said. A decade after avoiding bankruptcy by unloading those 88 apartments, Corcoran sold her company to real estate company NRT for $66 million.

☆ 29-year-old quit the NFL to sell Pokémon cards—his business brought in $5 million in just 7 months
▼ + stars: | 2023-02-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Before he left football to sell Pokémon cards, ex-NFL linebacker Blake Martinez made millions tackling people. Over the course of his six-year professional career, Martinez amassed more than $28 million in earnings, even co-leading the league in tackles in 2017. He chose the cards, launching his company Blake's Breaks in July 2022 and committing to it full-time in November. Over the past seven months, it's brought in more than $5 million in revenue on collectible reselling platform Whatnot, according to documents reviewed by CNBC Make It. "I think there's more to my success than [my name]," Martinez tells CNBC Make It.

☆ Mark Cuban says 'Shark Tank' CEO’s coffee business is a ‘brilliant idea’: ‘You’re worth more’ than $7 million
▼ + stars: | 2023-02-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

To Mark Cuban, coffee could be worth millions — if it's served with a compelling backstory. Take Kahawa 1893, a San Francisco-based coffee company that Cuban called a "brilliant idea" on a recent episode of ABC's "Shark Tank." In total, Kahawa 1893 and its patrons have given at least $20,000 to women farmers since launching in 2017, Nyamumbo said. The following year, she launched Kahawa 1893 — named after the Swahili word for coffee, and the year coffee was commercialized in Kenya. After O'Leary backed out of negotiations, guest Shark Emma Grede — who admitted she didn't even drink coffee — jumped in, offering $350,000 for 12.5% of Kahawa 1893.

☆ Kristen Bell: In business, 'I don't have an MBA,' so I make up for it with 'emotional intelligence'
▼ + stars: | 2023-02-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

For most of her career, Kristen Bell had more experience in front of cameras than in boardrooms. At those companies, Bell initially felt "out to sea" when her colleagues discussed "ROI and endcaps," Bell recently told Real Simple. So instead of trying to keep pace with business jargon, she leaned into her own strengths to facilitate better communication among employees. "I don't have an MBA," Bell, 42, said. So when Bell experiences imposter syndrome at either of her two businesses, she leans into her emotional intelligence and communication skills to overcome those doubts.

☆ Real estate broker with tennis side hustle beats ex-top 10 player: 'I'm going to have to ask for another day off'
▼ + stars: | 2023-02-16 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Instead, he plays tennis before work every day to maintain his skill and love for the sport. I'm going to have to ask for another day off tomorrow." This particular Cinderella story was short-lived: Pecotić lost the next day to Marcos Giron, an American ranked No. "[Stock] is a former top-10 guy with an incredible amount of tennis experience and a huge serve," he said. Sign up now: Get smarter about your money and career with our weekly newsletter

☆ Raquel Welch, Actress and International Bombshell, Dies at 82
▼ + stars: | 2023-02-15 | by ( Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

Actress Raquel Welch , who shot to international fame in the 1960s after her turn as a bikini-clad cavewoman in the 1966 film “One Million Years B.C.,” has died. She was 82 years old. Ms. Welch died Wednesday morning after a brief illness, her publicist Steve Sauer ’s office and her agent Stephen LaManna said.

☆ Raquel Welch, Whose Role in ‘One Million Years B.C.’ Made Her an International Bombshell, Dies at 82
▼ + stars: | 2023-02-15 | by ( Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

☆ 32-year-old's lucrative side hustle: Earning up to $14,000 a month renting his sports cars to strangers
▼ + stars: | 2023-02-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Andrei Echeverria brings in up to $14,000 per month letting strangers drive his six cars on rental platform Turo. Echeverria, 32, brings in up to $14,000 per month renting his six vehicles out to strangers in Boston on the rental platform Turo, according to documents reviewed by CNBC Make It. Echeverria lives mere miles from Boston Logan International Airport, and capitalizes by undercutting the prices of nearby car rental companies. With three cars on Turo, Echeverria says he brought in about $3,500 per month. Even with the additional cars, Echeverria found himself overbooked.

☆ Mark Cuban: Internet misinformation will only ‘get worse’ as ChatGPT and its competitors grow
▼ + stars: | 2023-02-12 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Mark Cuban may be entertained by chatbots like Microsoft-backed ChatGPT and Google's upcoming Bard — but he isn't ready to trust them. Right now, misinformation tends to spread through social media platforms like Facebook or Twitter — and that's with some semblance of human guardrails in place, Cuban said. But so far, the technology isn't showing itself to be smarter than the average human. That's a problem, especially for large swaths of people who don't always fact check claims they see on the internet, Cuban said. Microsoft, for its part, acknowledges that the technology behind ChatGPT isn't perfect — even as it plans to incorporate it into an upcoming version of its search engine, Bing.

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