Latest news with #KevinOLeary
Yahoo
8 hours ago
- Entertainment
- Yahoo
'Shark Tank' star Kevin O'Leary slammed the late-night host and suggested he'll be fired early for retaliating to Trump.
Conservative Shark Tank star Kevin O'Leary tore into Stephen Colbert in a vicious tirade on CNN, calling the comedian 'dumb' and 'a moron.' Colbert has traded barbs with President Donald Trump since announcing on Thursday that CBS was cancelling The Late Show. Trump celebrated the news on Friday, saying the host's 'talent was even less than his ratings.' Colbert responded in his Monday night monologue: 'Go f--- yourself.' 'Here's the problem for Colbert,' O'Leary, a Canadian businessman and regular pro-Trump panelist, said Tuesday on CNN's NewsNight. 'His contract is a payout contract through a transaction where there's a change of control. Only a moron would tell the president to F-off before he gets his check.'
Yahoo
8 hours ago
- Entertainment
- Yahoo
'Shark Tank' star Kevin O'Leary slammed the late-night host and suggested he'll be fired early for retaliating to Trump.
Conservative Shark Tank star Kevin O'Leary tore into Stephen Colbert in a vicious tirade on CNN, calling the comedian 'dumb' and 'a moron.' Colbert has traded barbs with President Donald Trump since announcing on Thursday that CBS was cancelling The Late Show. Trump celebrated the news on Friday, saying the host's 'talent was even less than his ratings.' Colbert responded in his Monday night monologue: 'Go f--- yourself.' 'Here's the problem for Colbert,' O'Leary, a Canadian businessman and regular pro-Trump panelist, said Tuesday on CNN's NewsNight. 'His contract is a payout contract through a transaction where there's a change of control. Only a moron would tell the president to F-off before he gets his check.'
Yahoo
15 hours ago
- Business
- Yahoo
Kevin O'Leary warns America could lose status as the 'No. 1 place to invest on Earth' — why it's at risk
Billionaire investor Kevin O'Leary isn't known for keeping quiet — especially when it comes to money and markets. And now, he's stepping into one of the biggest battles in Washington: the clash between President Donald Trump and the Federal Reserve, headed by Chair Jerome Powell, a dispute that has steadily ratcheted up since Trump re-took the White House in January. The president has gone as far as to muse whether to try to remove Powell from his post. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it The latest manifestation of this spat is the controversial management of a $2.5-billion renovation involving the nearly century-old Federal Reserve building in Washington, D.C. 'Fed independence is what gives America its position as the No. 1 place to invest on Earth,' O'Leary said on a recent Fox News appearance, alluding to the potential wider-reaching consequences. 'It would be very difficult to have presidents firing (Fed chairpeople). That would not be taken well by the markets and I think Trump knows that,' O'Leary continued. But make no mistake, this isn't really about construction delays or steel prices. It's about interest rate policy and Trump's frustration with Powell's refusal to cut rates faster. The pressure to lower interest rates O'Leary's comments echo what Treasury Secretary Scott Bessant has reportedly told the president behind closed doors, according to The Wall Street Journal: that firing Powell could spook investors and damage confidence in U.S. markets. Still, that hasn't stopped some Trump allies on Capitol Hill from ramping up pressure. Republican Sen. Tommy Tuberville of Alabama accused Powell of having 'gone rogue,' blaming him for borrowing a 'Biden Democrat Socialist playbook' that he claims has kept interest rates 'through the roof.' Arizona Rep. Abe Hamadeh, also a Republican, is pushing even harder, alleging 'gross mismanagement' of the renovation project and calling on Powell to resign. The $2.5 billion project has faced rising costs due to changing plans, higher materials prices (especially steel) and infrastructure issues, including a higher-than-expected water table. Powell has defended the project in writing, pointing out that the National Capital Planning Commission is ultimately responsible for its oversight. Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings. Why the Fed is holding steady Since 1977, the Fed has had a dual mandate: maximum employment and stable prices. In practice, that means keeping long-run inflation at around 2%. But inflation is still making life difficult for many Americans. Core CPI, a key metric that strips out volatile food and energy prices, rose to 2.9% recently. Add in concerns over potential tariffs, which could drive prices even higher, and it's unlikely Powell will announce a rate cut at the Fed's upcoming July 30 meeting. Powell has already said that the administration's tariffs have played a role in the decision to delay rate cuts. That may be frustrating for politicians, but the Fed holding firm now may be the best way to preserve price stability and credibility in the long term and on a wider scale. The perception of America's reliability as a partner is at stake and, some say, already leading to a 'slow bleed of support' as a large number of foreign investors worry about investing here. What this means for your money This high-stakes fight in D.C. isn't just political theater. For everyday investors, it's yet another source of uncertainty in an already complicated economy. When markets get jittery, investors often flock to traditional safe-haven assets like gold, which has surged more than 40% over the past year. But Kevin O'Leary is betting on a different kind of safety: crypto. The Shark Tank star recently told Moneywise that nearly 20% of his portfolio is now in cryptocurrency-related assets — a bold move given Bitcoin's volatility. But O'Leary believes digital assets are playing an increasingly important role in global finance, especially in times of political and monetary uncertainty. The bottom line: The fight between Trump and the Fed may continue to grab headlines, but the underlying tension is all about interest rates and whether the Fed can stay focused on inflation in the face of political pressure. That uncertainty could ripple through markets in the months ahead, so making sure your portfolio is diversified can help you weather whatever comes next. What to read next Robert Kiyosaki warns of 'massive unemployment' in the US due to the 'biggest change' in history — and says this 1 group of 'smart' Americans will get hit extra hard. Are you one of them? How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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The Independent
a day ago
- Politics
- The Independent
Shark Tank's Kevin O'Leary insists ‘nobody gives a poop' about Epstein
Seemingly running cover for the Trump administration, which continues to face demands from MAGA supporters to release the Jeffrey Epstein files, Shark Tank star Kevin O'Leary declared on Monday night that 'nobody gives a poop' about the deceased sex offender. When confronted with poll numbers that found a vast majority of Republicans want all the documents related to the Epstein case to be published, the pro-Trump businessman and self-described 'Mr. Wonderful' doubled down while continuing to shrug off the controversy. 'The average American, awake for 18 hours a day, how many minutes do you think they spend worrying about this stuff?' O'Leary wondered. 'Maybe they were raped, maybe they weren't.' Since the Justice Department concluded in a July 6 memo that Epstein died by suicide and did not keep a 'client list' to blackmail prominent figures, despite Attorney General Pam Bondi claiming months earlier that she had the supposed list sitting on her desk, the administration has faced a MAGA uproar for walking back its promise to release the Epstein files. After initially reacting to the blowback by lashing out at his 'PAST supporters' and calling them 'weaklings' for continuing to focus on the Epstein case, which he suddenly began calling a Democratic 'hoax,' Donald Trump was able to – at least for the time being – united the MAGA base by tapping into a shared grievance: disdain for the mainstream media. Following the Wall Street Journal's bombshell detailing a lewd birthday card that Trump allegedly gave Epstein in 2003, highlighting the once-close relationship the president shared with the convicted sex predator, many of those on the right who had been critical of the administration's handling of the saga quickly rallied around Trump as he denied the letter and sued the WSJ and Murdoch. Trump has since followed up by throwing a series of other distractions at the MAGA base in order to fully dissipate the anger over the Epstein case. Pointing his supporters at a list of common enemies, for instance, the administration has reignited the GOP's years-old complaints about the 'Russia witch hunt' by repackaging intelligence documents to accuse former President Barack Obama of a 'treasonous conspiracy.' Director of National Intelligence Tulsi Gabbard's accusations, however, have been described as 'frivolous' and 'foolish' by conservative legal experts. Amid Trump's continued efforts to deflect and dodge, which also include House Republicans preparing to leave on a six-week vacation without voting on a motion to release the Epstein files, O'Leary appeared on CNN Monday night to run cover for the administration. During a panel discussion on CNN NewsNight, columnist Ahmed Baba noted that the 'fundamental deal Trump made with his base was that he was gonna root out this mysterious cabal of elites that were running things,' adding that the Epstein files were a 'key part' of this narrative. 'Essentially, what he is proving is that he actually is one of these corrupt elites himself, right?' Ahmed wondered. O'Leary, however, eventually jumped in and exclaimed that 'nobody gives a d*** about Epstein because he's still dead,' asserting that the 'average person at the kitchen table is not worrying about Epstein.' This eventually prompted CNN anchor Abby Phillip to interrupt and point out that a recent survey found that 83 percent of Republicans want the administration to release all the documents related to the Epstein investigation. O'Leary, though, remained unswayed. 'The average American, awake for 18 hours a day, how many minutes do you think they spend worrying about this stuff? Maybe they were raped, maybe they weren't. This is not what American families give a *** about,' he shot back. 'We do know there were victims, so that's not speculative,' Phillip reminded her guest. The reality TV star would continue undeterred and continue to brush aside the administration's bungle with the Epstein files, reiterating that he believed this was an issue of very little public interest. 'Nobody gives a poop! Nobody gives a poop, poop, poop,' O'Leary groused. 'Worst case scenario, all this stuff's true. Does that in any way affect the American economy?' After The Young Turks' Ana Kasparian responded that there's 'more to life than the American economy' and the public could be concerned that 'we might have pedophiles serving in our government right now,' O'Leary continued to mock the drama surrounding the case. 'Oh my goodness! That's horrible. I'm just saying, what people care about is how to feed their families and how the economy grows,' he sneered. 'This stuff is poop on a stick!'
CNN
a day ago
- Business
- CNN
Kevin O'Leary: Epstein focus is ‘poop on a stick'
"Shark Tank" investor Kevin O'Leary says the focus on Jeffrey Epstein is not what Americans care about. He says families are focused on the economy and jobs, and whether or not they feel things have improved under President Donald Trump's second term.
