Latest news with #SharkTank
Time of India
an hour ago
- Business
- Time of India
From Stage to Strategy: Aman Gupta's Standout Session at Soonicorns 2024
From Stage to Strategy: Aman Gupta's Standout Session | ET Soonicorns Summit 2024At ET Soonicorns Summit 2024, Aman Gupta, Co-founder & CMO of boAt, delivered a session that was as entertaining as it was insightful. Blending his trademark charisma with deep business acumen, Aman walked the audience through his journey from brand-building to boardroom this high-energy talk, he shared candid lessons on navigating hype, scaling sustainably, and staying authentic in a crowded consumer market. From Shark Tank stories to real-world business pivots, this session offered unfiltered insights for founders and marketers alike. Show more Show less
The Hill
2 hours ago
- Business
- The Hill
O'Leary: Tariff rebate checks ‘a bad idea'
'Shark Tank' celebrity Kevin O'Leary said it was a 'bad idea' for Congress to consider tariff rebate checks, saying any money raised by higher tariffs should be used to reduce deficits and debt. 'What should be happening now with any extra income is to pay down the national debt,' O'Leary said during a Tuesday appearance on CNN's 'News Night with Abby Phillip.' 'That's the opportunity, because the greatest gift you can give to the future is to pay down the debt, which is just really, really big,' he added. GOP Sen. Josh Hawley (Mo.) introduced a Tuesday bill seeking to provide $600 tariff rebates to almost all Americans and to their dependent children. The funds would be distributed through direct payments, as previously authorized during the COVID-19 pandemic. Hawley and others who have discussed rebate checks connected to President Trump's tariff regime have suggested the money could help U.S. consumers dealing with higher prices. Tariffs raise costs for importers, and those costs generally take the form of higher prices unless companies fully swallow their costs. But the national debt is also skyrocketing, in part due to policies backed by Congress and Trump, who just signed tax legislation that extends a number of tax cuts that would add to the debt — depending on how one scores them. O'Leary suggested much remains unknown about Trump's tariffs and their impact on the economy ahead of an Aug. 1 deadline the president imposed for countries to reach deals with the U.S. 'We're still negotiating with these countries because we don't have deals with Mexico, no deals with Canada, India no deal. Europe looks like it's negotiating something here. But the real big momma is China,' O'Leary said. 'And we're just starting the dance with those guys. That's a big deal,' he added. Trump at the beginning of the week reached a deal with the European Union. 'No administration has ever tried to do all this at once. You get the headline number, but you don't have the details,' O'Leary added.
WIRED
2 hours ago
- WIRED
The Hero of My First Family Trip Was This Luggage Travel Stroller
I procrastinated flying anywhere with my son until he was almost 3. There were so many things needed—a car seat! Stroller! In-flight entertainment! His own luggage! A crib when we landed!—that it felt like too much to coordinate. And who can blame me? It's just parenting in a new location, after all, rather than a vacation. Still, a trip we wanted to take finally presented itself. We booked a long weekend in San Francisco and the nearby wine country to see family and friends we haven't seen since I was pregnant, and to relive a family tradition (though sans my grandmother, since she passed in 2020) for the first time since before the pandemic. Just in time, the perfect gadget presented itself to make the trip feel a little more manageable: the TernX Carry-On Luggage Stroller. The TernX is both a small carry-on suitcase and a travel stroller built into a single device. One less thing to carry as a parent is always a godsend, and being able to tote my son and his clothes with one device felt heaven-sent. The TernX was founded by two parents who brought the company to Shark Tank , so it's no surprise it has a parent-minded design, though the compact size makes it best for younger (or shorter) kiddos. It was no problem to wheel this around the airport and San Francisco streets as a stroller, and as a suitcase onto a plane (which not all travel strollers can do!). Stroller Stride Photograph: Nena Farrell As a travel stroller, the TernX is pretty solid. It's easy to unfold, has a five-point harness, and sports a storage basket underneath that fits a small bag (I stuffed my kid's backpack underneath it while we walked through the airport). The TernX is always 14 inches wide, while reaching 38 inches tall and 35 inches long in stroller mode, compared to 22 inches tall and just 9 inches long in luggage mode. This stroller can also hold kids up to 48.5 pounds—almost as much as a regular stroller. When it's empty, it weighs 17 pounds, only adding 3 pounds compared to my favored Nuna TRVL stroller. It's really best for small children since the seat is under 12 inches wide. It was a fine size for my tall, almost-3-year-old to sit in, but bigger kids won't fit into this. I also didn't realize on my trip that I could extend the height of the back of the seat. He's nearly 40 inches tall with a particularly tall torso, and his head and shoulders tower above the TernX's lowest setting. Mom-fail for not spotting I could raise that for him (but if that's the worst I did on my trip, I'll take it!). Still, being tall didn't seem to leave my toddler uncomfortable. He happily sat in the stroller both in the airport and while we walked around Sonoma and San Francisco. The wheels are small and can't handle rough terrain, so I recommend sticking to the smooth airport floors and well-paved sidewalks.
Yahoo
5 hours ago
- Business
- Yahoo
Kevin O'Leary claims his simple formula is all you need to turn yourself into a millionaire — even on a $65,000 salary
You're making $65,000 a year and wondering if you'll ever see seven figures in your bank account. According to "Shark Tank" investor Kevin O'Leary, not only is it possible – it's practically guaranteed if you follow his simple formula. O'Leary recently shared his wealth-building philosophy on X, delivering the same advice he gave his own children: save, invest, and let compound interest work its magic. His approach strips away intimidating complexity and focuses on three core principles that anyone can follow, regardless of their income level. 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) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how But is it really that simple? O'Leary: Save first, spend later The foundation of O'Leary's strategy revolves around one non-negotiable rule: save before you spend. "Don't spend it. Save it. Invest it. Let it compound," he emphasized in his recent video message. Why does O'Leary prioritize saving over spending? The answer lies in the power of compound interest and market growth. He points to historical market returns of 8% to 10% annually, which means your money grows exponentially over time. Every dollar you invest today becomes significantly more valuable decades down the road. O'Leary's magic number is 15%. "Take 15% of every paycheck, I don't care how big it is. Or any gift Granny gives you. Or anything you get in a side hustle, and invest it," he advises. This consistent percentage applies to all income sources, ensuring that your wealth-building efforts accelerate as your earning power increases. Balancing present needs with future wealth Setting aside 15% of your income might seem daunting, especially when you're juggling rent, groceries, and other essential expenses. The key is viewing this percentage not as optional spending money, but as a non-negotiable bill you pay to your future self. Start by creating a budget that prioritizes your 15% investment contribution right after essential expenses like housing, food, transportation, and minimum debt payments. Consider this your "wealth tax" — a mandatory payment that builds wealth rather than depleting it. If 15% feels impossible initially, begin with whatever percentage you can manage consistently. Even 5% or 10% creates momentum and establishes the habit. You can increase the percentage as you eliminate debt, receive raises, or find ways to reduce other expenses. Here's a relatively painless way to start: Contribute just enough to get your company's full 401(k) match — something nearly a quarter of 401(k) investors don't do, investment house Vanguard found in a 2024 study. Many employers offer a dollar-for-dollar match on the first 3% of your salary — meaning you put in 3%, they put in 3%, and boom: You're saving 6% of your income for retirement. From there, take 1% from your next raise, or more, and add it to your contribution. Do the same with each raise that follows until you're putting away 15%. You'll barely notice the difference in your paycheck, but your future self will thank you for the slow, steady climb. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it Time is your biggest asset The earlier you start investing, the more dramatic your results become. This is where compound interest truly shines, turning modest contributions into substantial wealth over decades. Consider Sarah, who starts investing 15% of her $65,000 salary at age 25. She contributes $9,750 annually ($812.50 monthly) to diversified index funds earning an average 9% return. By age 65, her investments will have grown to approximately $3.3 million — despite contributing only $390,000 of her own money over 40 years. Compare that to Michael, who waits until age 35 to start the same investment strategy. His final balance at 65 would be around $1.5 million, despite contributing $292,500. Sarah's 10-year head start resulted in $1.8 million more, even though she only contributed $97,500 more of her own money. This dramatic difference explains why O'Leary emphasizes starting immediately, regardless of age or income level. Time multiplies money in ways that higher salaries alone can't match. The power of cutting unnecessary spending O'Leary's wealth-building philosophy includes one crucial caveat: "Just don't buy crap you don't need." He's particularly vocal about small daily expenses that seem insignificant but add up to substantial amounts over time. But you don't have to live like a hermit. The goal is distinguishing between purchases that genuinely enhance your life and those that provide momentary satisfaction. Create a "want versus need" filter for discretionary spending. Ask yourself: Will this purchase matter to me in five years, or will investing this money instead set me up for financial freedom? What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Kevin O'Leary Says The 'Tariff Drama' Is Settling And The Market's Calming Because Trump 'Found The Loophole'
Investor Kevin O'Leary, better known as 'Mr. Wonderful' from the 'Shark Tank' TV show, believes the U.S. market is stabilizing despite recent trade tensions because President Donald Trump has figured out a workaround on tariffs. Trump's Strategy: Tariffs As A Value-Added Tax Substitute 'This tariff drama? It's settling,' O'Leary wrote on X on Thursday. 'The market's calming because Trump found the loophole. He can't add a value-added tax like other countries, so he calls it a tariff and gets the same result.' Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to $100k+ in investable assets? – no cost, no obligation. O'Leary told Fox Business the same day that global markets are beginning to understand how Trump's reciprocal tariff system works. What they care about now is predictability. 'The market wants a headline number,' he said. 'What do you got, 10? You got 15? ... The rest of the stuff, that's sausage being made. Nobody gives a damn.' O'Leary pointed to General Motors (NYSE:GM) as an example of how U.S. companies are adapting. He said that GM reportedly lost 45% on margins due to tariffs, but the auto maker's finance chief, Paul Jacobson, laid out a plan: absorb one-third of the cost, pass one-third to consumers, and rely on artificial intelligence to cover the rest. He argued that while the U.S. cannot impose consumer taxes like those in Europe or Japan, Trump's use of tariffs acts as a substitute. 'Poof, 'Puff the Magic Dragon.' He's getting his dollars from tariffs the same way the Japanese, the Canadians are with value-added taxes.' Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Detroit Automakers Raise Red Flags However, not everyone is cheering. The American Automotive Policy Council, which represents Ford (NYSE:F), GM, and Stellantis (NYSE:STLA), is pushing back on a recent trade deal with Japan. The agreement would lower tariffs on Japanese auto imports to 15%, while imports from Canada and Mexico still face a 25% rate. 'Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers,' AAPC President Matt Blunt told Reuters on Wednesday. The criticism comes as GM announced a $1.1 billion hit from tariffs in the second quarter, with more expected. Stellantis reported $350 million in losses over the first half of the year tied to tariffs and said it had to reduce shipments and cut the concerns, the White House spokesman Kush Desai defended the Japan deal as 'a historic win for American automakers' that will remove long-standing trade barriers. But similar criticism was raised by AAPC over a U.K. deal that allows 100,000 British cars to enter the U.S. at a 10% tariff, nearly the entire volume Britain exported last year. For now, O'Leary said the market is showing signs of confidence, especially since the chaos seen in early April has subsided. 'Proof is in the pudding. Let's wait, you know, another quarter or whatever. So far, so good.' Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Kevin O'Leary Says The 'Tariff Drama' Is Settling And The Market's Calming Because Trump 'Found The Loophole' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
