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☆ With CDs topping 5% APY, I asked financial advisors for their best tips to earn more on my savings
▼ + stars: | 2024-07-04 | by ( Jen Glantz | ) www.businessinsider.com time to read: +5 min

I started investing a lot of my savings in CDs this year when I saw how high APYs are right now. In order to make sure I'm getting the most out of my CD strategy when average CD rates are high, I decided to chat with two financial advisors to hear their best tips. "CD rates can vary wildly between banks, credit unions, and investment firms, so be sure to shop around whenever you are ready to buy one," he said. "The last thing you want to do is have to pull out your CD money right before it matures because you need to purchase new tires." Consider a CD ladderIn order to really maximize the current high APY offerings from CDs, Kovar suggested considering a CD ladder.

Persons: Taylor Kovar, I've, Kovar, Patrick O'Leary, doesn't

☆ 'Inside Out 2' tops $1 billion at the global box office, first film to do so since 'Barbie'
▼ + stars: | 2024-06-30 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2." The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the first film since Warner Bros.′ "Barbie" to top $1 billion at the global box office. A once prolifically successful studio, Pixar has suffered at the box office in the wake of the pandemic. As a result, before "Inside Out 2," no Disney animated feature from Pixar or its Walt Disney Animation studio had generated more than $480 million at the global box office since 2019. "Inside Out 2" has also showcased how vital the family audience is to the box office.

Persons: Amy Poehler, Maya Hawke, Joy, Disney's, Michael O'Leary, Mario Organizations: Warner Bros, National Association of Theatre, Pixar, Disney, Walt Disney Animation, Mario Bros, Comcast, CNBC Locations: Disney, EntTelligence, NBCUniversal

☆ 'I can't imagine' what U.S. adversaries were thinking watching the presidential debate: Kevin O'Leary
▼ + stars: | 2024-06-28 | 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 Email'I can't imagine' what U.S. adversaries were thinking watching the presidential debate: Kevin O'LearyHosted 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, Brian Sullivan, “ Organizations: CNBC

☆ Buying a home is probably never getting cheaper as rates aren't coming down and pandemic migration trends persist, 'Shark Tank' investor Kevin O'Leary says
▼ + stars: | 2024-06-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The "Shark Tank" investor predicted high mortgage rates were here to stay. Pandemic migration trends also aren't reversing, which has kept home prices elevated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe housing market probably isn't ever going to get any cheaper, according to "Shark Tank" star Kevin O'Leary. This story is available exclusively to Business Insider subscribers.

Persons: Kevin O'Leary, —, that's Organizations: Service, Fox Business, Business

☆ Humans and Neanderthals only had sex for a brief period, but it still fundamentally changed our DNA
▼ + stars: | 2024-06-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

All humans have at least a little Neanderthal DNA, a 2020 study found. AdvertisementThen, around 75,000 years ago, Neanderthals were living in Asia and Europe when some humans started moving out of Africa. To figure out when our ancient human ancestors hooked up with Neanderthals, the researchers compared stretches of Neanderthal DNA in their genomes. For example, the researchers found both current and ancient humans have Neanderthal genes that affect metabolism, immunity, and skin pigmentation. They speculate that these characteristics may have benefited ancient humans who inherited them and then kept passing them on.

Persons: —, they've, intermingling, John Hawks, University of Wisconsin – Madison, Bill O'Leary, Max Planck, Hawks, Nikola Solic, hasn't Organizations: Service, Business, University of Wisconsin –, Smithsonian Museum, Washington, Getty, Max, Max Planck Institute, Evolutionary Anthropology, University of California, Hawks, Reuters Locations: Asia, Europe, Africa, Berkeley, West Nile

☆ 'Shark Tank' star Kevin O'Leary said he wants to crowdfund buying TikTok
▼ + stars: | 2024-05-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Kevin O'Leary said on Tuesday that he wants to crowdfund buying TikTok. The move comes after US lawmakers agreed on a plan to ban Chinese-owned TikTok unless it is sold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The "Shark Tank" investor said on Tuesday that he set up a crowdfunding website to gauge interest in collectively buying the social media platform. The site allows anyone to "reserve" spots to become investors in the potential US version of TikTok.

Persons: Kevin O'Leary, Frank McCourt, Steven Mnuchin, —, It's Organizations: Los Angeles Dodgers, Service

☆ Ryanair CEO: More and more people are traveling with lower fares
▼ + stars: | 2024-05-20 | 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 EmailRyanair CEO: More and more people are traveling with lower faresRyanair CEO Michael O'Leary joins 'Squawk Box' to discuss the company's quarterly earnings results, why prices won't be as high as hoped during the summer season, and much more.

Persons: Michael O'Leary

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ Citadel CEO Ken Griffin says the anti-Israel college campus protests are just 'performative art'
▼ + stars: | 2024-05-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Anti-Israel protesters are just engaging in a form of performance art, says Citadel CEO Ken Griffin. Griffin said he was pausing his donations to Harvard over its approach to on campus antisemitism. AdvertisementCitadel founder and CEO Ken Griffin, 55, isn't a fan of the anti-Israel protesters that have taken over American college campuses. That's just anarchy," Griffin said of the student protesters. Griffin's criticisms of student protesters highlight the huge influence that Corporate America has on higher education.

Persons: Ken Griffin, Griffin, —, we're, That's, Griffin didn't, Harvard didn't, Darren Woods, Kevin O'Leary, O'Leary Organizations: Israel, Citadel, Harvard, Service, Financial Times, Columbia University, UCLA, The New York Times, BI, mater, Harvard University, Harvard Gazette, Senate, IBM, Funds Association Network Miami, Ivy League, CNBC, Fox News Locations: Israel

☆ How Corporate America is rethinking its sustainability and diversity efforts
▼ + stars: | 2024-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how Corporate America is rethinking its sustainability and diversity efforts amid a push to avoid being labeled "woke." The rallying cry against companies' progressive campaigns is starting to leave a mark on Corporate America. AdvertisementAfter years of big promises and grand plans around social issues like diversity and sustainability, companies have taken a noticeable step back , Business Insider's Emily Stewart writes. The electric car maker axed more than 3,400 job postings in North America down to just three on Wednesday.

Persons: —, let's, wokening Brooks Kraft, Emily Stewart, Emily, ESG, hasn't, Peter Thiel, Donald Trump's, Bud Light, influencer Dylan Mulvaney, Rock, Saul Loeb, Chelsea Jia Feng, Wall, Warren Buffett, It's, Justin Sullivan, Elon, Eric Schmidt, Steve Mnuchin, Kevin O'Leary, salespeople, BI's Rob Price, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, wokening Brooks Kraft LLC, Corporate America, Trump Media, Getty Images, of America, Berkshire Hathaway's, People's Bank of China, Chelsea, Microsoft, Google, YouTube, Netflix Locations: America, Beijing, North America, New York, London

☆ No, seriously. Where are the TikTok buyers?
▼ + stars: | 2024-05-08 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Former Google CEO Eric Schmidt has decided against buying TikTok. That leaves a really tiny list of people who say they want to buy TikTok. AdvertisementWho's going to buy TikTok? [Crickets]Yes, if you Google "potential TikTok buyers" you'll find a bunch of stories — Business Insider has written one, too — speculating about names. They list Mnuchin as well as Shark Tank host Kevin O'Leary, who also likes to go on TV and talk about buying TikTok.

Persons: Eric Schmidt, —, Steve Mnuchin, ByteDance, Kevin O'Leary, Bobby Kotick, OpenAI's Sam Altman, we've, Trump Organizations: Google, Service, Treasury, TV, Street Journal, Activision, Oracle, Walmart, Microsoft, Big Tech, McKinsey, TikTok

☆ 'Shark Tank' host Kevin O'Leary says he would've fired this CEO in 'seconds' for backing pro-Palestinian protesters: 'Be gone'
▼ + stars: | 2024-05-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Kevin O'Leary said he would've fired the Hims & Hers CEO for backing the pro-Palestinian protests. AdvertisementHims & Hers CEO Andrew Dudum should have been fired immediately for supporting the pro-Palestinian student protesters, says "Shark Tank" host and investor Kevin O'Leary. On May 1, Dudum said in an X post that student protesters should "keep going" because "it's working." People are very polarized by this war, as they are in every war," O'Leary said. Last week, the businessman said in an interview on Fox News' "The Five" that pro-Palestinian student protesters will be "screwed" when they start job hunting.

Persons: Kevin O'Leary, would've, Andrew Dudum, " O'Leary, Dudum's, —, O'Leary, Dudum, you’re, Dudum didn't, CNN's Laura Poole Organizations: Service, Palestinian, Fox Business, Columbia University, UCLA, BI, Fox News, Google, National Labor Relations Board Locations: Israel, Gaza

☆ There's a messy battle over AI going on in DC — and there's no end in sight
▼ + stars: | 2024-05-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.

Persons: —, hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America

☆ 'Shark Tank' star Kevin O'Leary says pro-Palestinian student protesters are 'screwed' when they apply for jobs because employers will identify them through AI
▼ + stars: | 2024-05-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

The "Shark Tank" host said employers could identify applicants who joined in the protests using AI. Advertisement"Shark Tank" host and investor Kevin O'Leary says pro-Palestinian student protesters will be "screwed" when they start job hunting. That goes in this pile over here, cause I can get the same person's talent in this pile that's not burning anything," O'Leary told Fox News' The Five on Wednesday. So if you're burning down something, or taking a flag down, or fighting with police, I'm sorry, you're trashing your personal brand," O'Leary told CNN's Laura Coates. "Harassment and intimidation, there's no place for that, frankly at those universities, and certainly no place for that at a company like Exxon Mobil," Woods told the outlet.

Persons: Kevin O'Leary, —, O'Leary, CNN's Laura Coates ., O'Leary isn't, Darren Woods, Woods, Winston, Strawn Organizations: Service, Palestinian, Fox News, CNN, BI, Columbia University, UCLA, Exxon Mobil, CNBC, New York University, Hamas Locations: Gaza, Israel

☆ 'Shark Tank' star Kevin O'Leary says interest rates won't budge this year: 'I'm sorry, it's just reality'
▼ + stars: | 2024-05-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Shark Tank" star Kevin O'Leary sees zero rate cuts this year, he told Fox Business. Cuts are unlikely as the Fed can't seem to reach its mandate of 2% inflation anytime soon, he said. AdvertisementInvestors need to stifle any hope for interest rate cuts this year, as the Federal Reserve will not be able to reach its inflation mandate anytime soon, Kevin O'Leary said. But there'll be no rate cuts this year," O'Leary said Tuesday. For its part, the Fed has projected three rate cuts in 2024, though officials have repeatedly asserted that this depends on future inflation and economic data.

Persons: Kevin O'Leary, —, there'll, " O'Leary, I'm, O'Leary Organizations: Fox Business, Service, Federal Reserve, Fox Business Network, Fed

☆ Vending machine founders get $1.5 million 'Shark Tank' offer—despite a business model Mark Cuban called 'a huge mistake'
▼ + stars: | 2024-04-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Dan Braido, Audley Wilson and Andy Siegel are the co-founders of RoboBurger, which makes vending machines that dispense customized burgers — a concept they call "the future of fast food." Yet by the end of the episode, O'Leary teamed up with a guest judge, Fanatics CEO Michael Rubin, to offer the RoboBurger founders $1.5 million. Seeking $1.5 million despite no profitsThe trio of founders brought a vending machine for the judges to try. RoboBurger's vending machine on display on the set of ABC's "Shark Tank." At the time of filming, RoboBurger had been in "beta testing" for 18 months, with more than 12,000 burgers sold, the founders said.

Persons: Dan Braido, Audley Wilson, Andy Siegel, Kevin O'Leary, O'Leary, Michael Rubin, Rubin, Cuban, Christopher Willard, hadn't, Siegel, RoboBurger didn't, RoboBurger, Wilson Organizations: RoboBurger, Disney, Sharks Locations: Jersey City , New Jersey

☆ This new 'blended-wing' plane looks like a military stealth bomber and just got the green light to fly after decades of development
▼ + stars: | 2024-04-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

California aerospace startup JetZero got the green light to fly its new "Pathfinder" aircraft. The composite technology makes this new load bearing possible, Bragg told BI. "The product is essentially a new airframe and flight controls married to existing systems already certified for commercial flight," JetZero told BI. And most of those 200+ passengers would be in the middle section without a window, which Bragg told BI could put off travelers. Later, American aircraft industrialist and designer Jack Northrop built his famous "Flying Wing" aircraft in the 1940s, laying the framework for the eventual B-2 bomber.

Persons: JetZero, —, Tom O'Leary, Bailey Miles, AviationValues, Michael Bragg, Bragg, Douglas, it's, Jack Northrop, McDonnell Douglas, BWBs Organizations: Service, Aerospace, Federal Aviation Administration, CNN, Business, FAA, Boeing, US Air Force, Pathfinder, University of Illinois, Douglas DC, Airbus, Engineers, USAF, Getty Images Development, MD's, NASA Locations: California

☆ The CEO of Ryanair says the airline would regularly find missing seat handles and tools under floorboards on Boeing planes
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

O'Leary said the company found leftover tools and missing seat handles in new Boeing planes. AdvertisementThe boss of Europe's largest airline told CNN last week that it would regularly find leftover tools under the floorboards of Boeing planes, as well as missing seat handles. "In 2022 and 2023, we were finding little things like spanners under the floorboards, in some cases, seat handles missing, things like that," O'Leary told CNN on March 20. The Ireland-based low-cost carrier only flies Boeing aircraft and is one of the aircraft manufacturers' biggest customers. Related storiesThis isn't the first time O'Leary has said there's a lack of quality control on Boeing planes.

Persons: Michael O'Leary, O'Leary, —, David Calhoun Organizations: Boeing, Ryanair, Service, CNN, Europe's, Alaska Airlines Locations: Dublin, Ireland, Seattle

☆ When the Supreme Court overturned Roe v. Wade, it opened the floodgates for abortion-related lawsuits
▼ + stars: | 2024-03-25 | by ( Joan Biskupic | ) edition.cnn.com time to read: +19 min

CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.

Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, ”, Susan B, Anthony Pro, ’, Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, “, ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, … Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States

☆ 'Shark Tank' host Kevin O'Leary says Trump losing his assets would deal 'collateral damage to the American brand'
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Kevin O'Leary said the threat of Donald Trump losing his New York assets is spooking investors. Speaking on Fox News on Friday, O'Leary said Trump should've been given more time to scrape up his $454 million bond. O'Leary said the idea that Trump's assets can be seized on such short notice has undermined the "American brand." AdvertisementEarlier this month, the former president successfully paid a $92 million bond as part of E. Jean Carroll's defamation case against him. Representatives for O'Leary, James' office, and Trump's campaign did not immediately respond to requests for comment sent outside regular hours by Business Insider.

Persons: Kevin O'Leary, Donald Trump, O'Leary, Trump, —, Letitia James, Donald Trump's, Laura Ingraham, Ingraham, " O'Leary, Judge Arthur Engoron, James, Justin Trudeau, who's, Trump's, Jean Carroll's Organizations: New, Fox News, Service, Conservative Party, United, Trump, Twitter, Business Locations: New York, American, York, America, Canadian, Canada, Ireland, United Arab Emirates, Westchester County

☆ Kevin O'Leary wants to buy TikTok at up to 90% discount. Here's why
▼ + stars: | 2024-03-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Kevin O'Leary is putting together a syndicate for a potential purchase of TikTok, with a starting bid of $20 billion to $30 billion — an up to 90% cut in valuation from the company's last funding round. Any deal for the short video-sharing platform — valued at $220 billion in 2023, according to PitchBook data — will likely exclude the user preference-based algorithms that have helped make it so successful, the O'Leary Ventures Chairman said on CNBC's "Street Signs Asia." "It's the largest entertainment and business network in America as it stands today, so it's of great interest and great value," he said on Friday. But it is not likely that the Chinese government will sell the algorithms, "so what you're getting is the valuable domestic brand TikTok and 170 million users, with no data," O'Leary said. A potential buyer will have to "re-emulate" those algorithms with U.S. code and act as a "steward" to transform the platform from "TikTok China to TikTok U.S.A." Hence the valuation cut.

Persons: ByteDance, Kevin O'Leary, O'Leary Organizations: U.S . House, O'Leary, TikTok Locations: TikTok, Culver City , California, America, China

☆ Couple spent $400 to start a bakery—now it's a 'Shark Tank' success story worth $1.6 million
▼ + stars: | 2024-03-19 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

If you ask Saphira and Maurizio Rasti, the way to a "Shark Tank" star's heart is through their stomach. The Costa Mesa, California-based husband-and-wife duo brought investors treats from their business, Nowhere Bakery, on Friday's episode of the ABC television show. It might not have happened if the cookies and brownies didn't taste so good, much to the investors' surprise. "They're free from dairy, eggs, gluten, soy, refined sugar, sugar alcohols and are paleo-friendly," Saphira said on the show, noting that the idea originated as a solution for her own dietary restrictions. It brought in $770,000 in 2022 revenue — including a $32,000 profit — and was projected to finish 2023 with $1 million, Saphira said.

Persons: Saphira, Maurizio Rasti, Barbara Corcoran, Kevin O'Leary, We've Organizations: Nowhere, ABC Locations: Costa Mesa , California

☆ The CEO of budget airline Ryanair says his potential $109 million bonus is great value for shareholders compared to the money star athletes make
▼ + stars: | 2024-03-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

CEO Michael O'Leary is set for a $109 million bonus dependent on the company's stock price rising. He told the Journal it's "very good value for Ryanair shareholders" compared to star soccer players. AdvertisementThe CEO of ultra-low-cost airline Ryanair told The Wall Street Journal his potential $109 million bonus is "very good value" compared to star athletes. Mbappé, the captain of the French national team and arguably the best soccer player in the world, has agreed to a signing bonus of 150 million euros ($162 million) across five years with Real Madrid, the BBC reported. "The funny thing we've learned over the years is actually the bad publicity sells far more seats than the good," O'Leary told The Journal.

Persons: Michael O'Leary, —, it's, O'Leary Organizations: Ryanair, Europe's, Service, Wall Street, Financial Times, Journal, Real, French national, Real Madrid, BBC Locations: Real Madrid

☆ Airline tickets could get more expensive amid the Boeing 737 Max fallout
▼ + stars: | 2024-03-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Executives from several US carriers have expressed doubt about the Boeing 737 Max delivery schedule. Southwest expects 42% fewer jets this year, while United told Boeing to stop making the Max 10. AdvertisementCustomers may soon feel the impact of the Boeing 737 Max blowout as airlines face uncertainty about their future fleets. The airline also said it doesn't expect to receive any of the yet-to-be-certified Max 7s this year and removed them from its 2024 plan. Airlines may look to Airbus to grow their fleetsThe Airbus A320neo competes with the Boeing 737 Max.

Persons: —, Max, Scott Kirby, Ed Bastian, Bastian, Richard Aboulafia, Michael O'Leary, Henry Harteveldt, Harteveldt, Kirby Organizations: Boeing, Max, Southwest, United, Service, Alaska Airlines, Delta Air Lines, Southwest Airlines, United Airlines, Bloomberg, JPMorgan, Delta Air, Ryanair, Airbus —, Airbus, Frontier Airlines, Spirit Airlines, Reuters Locations: Alaska, Delta

☆ Ex-Amazon engineers lose 6-figure 'Shark Tank' deal off 1 blunder: 'That's the biggest mistake startups make'
▼ + stars: | 2024-03-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

They still couldn't land a deal on Friday's episode of ABC's "Shark Tank" due to making what billionaire investor Mark Cuban referred to as "the biggest mistake startups make": trying to grow their brand too quickly. Skaloud and Feiereisen co-founded Boona, a Seattle-based company that makes a $249 showerhead called the "Tandem." "We want to build a brand," Feiereisen said. "Some of the greatest deals in 'Shark Tank' history [are] when the entrepreneur focused on that one application and maxed it out." And if we do create new products, it's to support Tandem," Feiereisen said, trying to reel investors back in.

Persons: Brett Skaloud, Jeff Feiereisen, Mark Cuban, Feiereisen, Kevin O'Leary, Skaloud, I'm, O'Leary Organizations: Amazon Locations: Seattle, Cuban

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