Latest news with #KevinOLeary
Yahoo
21 hours ago
- Politics
- Yahoo
CNN Host Schools MAGA Star Kevin O'Leary on Jeffrey Epstein GOP Fallout
MAGA Shark Tank star Kevin O'Leary was shut down swiftly and repeatedly by CNN host Abby Phillip while absurdly arguing that Americans don't care about the Jeffrey Epstein files. 'Nobody gives a poop about this,' O'Leary insisted Monday night. 'A lot of Republicans do,' Phillip cut in. The Canadian-born businessman was attempting to downplay the issue as the panel debated the latest developments on the topic consuming Donald Trump's supporters. 'Average Americans are awake for 18 hours a day. How many minutes do you think they spend worrying about this stuff?' the Canadian-born businessman said of case materials about the convicted sex offender. 'Maybe they were raped. Maybe they weren't. This is not what American families give a damn about.' Phillip interjected to note, 'Just to be clear, they do know that there were victims. That is not speculative.' Various polls have shown that public interest in the matter is extraordinarily high, and Americans are largely dissatisfied with the amount of information that's been shared with them by the Trump administration. Phillip wasn't the only one on the panel shutting O'Leary's assertions down. Political analyst Ahmed Baba chimed in to point out root causes of the fervor on the subject—including Trump's yearslong conspiratorial rhetoric. 'The reason why people care about this a lot—not just because of the very real Jeffrey Epstein sex trafficking and then the crimes that were committed—is the fact that Donald Trump himself spent years, him and his allies, promised their base, 'We are going to deliver the Epstein client list that's going to take down all of your Democratic [enemies],'" he said. 'Bring it!' O'Leary replied. 'Nobody gives a poop.' 'You don't give a poop," The Young Turks host Ana Kasparian interrupted. 'Okay, but other people do, including people like me, who want justice. And I want to know how many of those people are in our government.' Trump's MAGA base has for years been fixated on the so-called Epstein files, and many of its members have been very unhappy with the Trump administration's lack of transparency. Epstein pleaded guilty to state charges in 2008 of soliciting prostitution from a minor. He faced federal charges of sex trafficking minors when he died by suicide in 2019. His longtime associate, Ghislaine Maxwell, is serving a 20-year prison sentence for child sex trafficking and related crimes. The Epstein files issue has consumed Trump supporters for weeks since the Justice Department and Federal Bureau of Investigations announced, in a reversal, that no further materials on the matter would be released. Usually-divided lawmakers on Capitol Hill have even managed to work across the aisle to secure bipartisan support for legislation that would force the government to release the documents. Some of Trump's most devoted supporters have been speaking out in a remarkable break from a president who values loyalty above all else. 'If you tell the base of people, who support you, of deep state treasonous crimes, election interference, blackmail, and rich powerful elite evil cabals, then you must take down every enemy of The People,' Georgia GOP Rep. Marjorie Taylor Greene wrote on X in a cryptic warning on Monday. 'If not. The base will turn and there's no going back.'
Yahoo
21 hours ago
- Politics
- Yahoo
MAGA ‘Shark Tank' Star Slammed Over His Take on ‘Childbearing' Epstein Victims
MAGA businessman Kevin O'Leary got into a heated exchange during a CNN panel after suggesting that the victims of Jeffrey Epstein and Ghislaine Maxwell just want to 'get on' with their lives. The Shark Tank star was on a roundtable discussing the saga surrounding the convicted sex offenders, with NewsNight host Abby Phillip asking him why President Donald Trump has not ruled out pardoning Maxwell, who is serving 20 years in jail for helping Epstein abuse children for years. 'If any of you cared about the victims, you wouldn't drag these women who are in childbearing years now, some of them now having children, back into the limelight, back into the same story, to expose them again to this hideous outcome,' O'Leary said Tuesday. 'These guys, they don't want you to help them anymore.' Former MSNBC host Tiffany Cross asked O'Leary: 'How do you know that? What are you basing that on? You've spoken to the victims who said that they don't want justice?' O'Leary then admitted that he 'has spoken to no one' but is just being 'pragmatic' regarding what he believes the hundreds of Epstein and Maxwell victims want. 'Don't you think if it was you, you'd rather get on with your life?' O'Leary asked Cross, to which she replied, 'No, if it were me, I would want justice pursued.' The ongoing furor surrounding Epstein, a convicted pedophile who died in custody in 2019, continues to cause headaches for Trump and his team after backtracking on a vow to release all the files related to the disgraced billionaire and denying the existence of a so-called 'client list' implicating powerful figures. Department of Justice lawyers, including one who previously represented Trump, met with Maxwell over two days amid growing pressure to release more details about Epstein's crimes to appease the increasingly restless MAGA base. Maxwell, who is currently appealing her conviction at the Supreme Court, is demanding immunity before testifying before Congress after being subpoenaed by the House Oversight Committee. Trump has kept open the possibility of pardoning Maxwell in an apparent bid to convince her to reveal more information about Epstein's crimes. The president has been keen to inform reporters that he is 'allowed' to do so. Elsewhere during the CNN roundtable, Nayyera Haq, a former senior adviser at the State Department under the Obama administration, argued that Trump himself is responsible for the renewed spotlight on Epstein and Maxwell. 'The reason this story exists is because he repeated it through the Biden administration, through his early years, to the point where his Attorney General [Pam Bondi] said that she's going to look at the papers on her desk, they're there right now, she has hundreds of hours of video to release,' Haq said. 'This is all of his own doing, and now he's trying to walk himself out of the hole.'
Yahoo
a day ago
- Business
- Yahoo
Kevin O'Leary Says All 54 Of His Small Businesses Are Using AI To Cut Costs, Stay Competitive Amid Tariffs
Kevin O'Leary, also known as "Mr Wonderful," says artificial intelligence is helping businesses like his fight inflation and survive margin pressure brought on by new tariffs. What Happened: In a video posted Tuesday on X, formerly Twitter, the "Shark Tank" investor broke down how companies are coping with rising costs, citing General Motors (NYSE:GM) as an example of how businesses may navigate a 45% margin hit. "This may be the roadmap for every business," O'Leary said on Fox Business. One-third of the margin hit, they're going to eat themselves, so they're going to have to find ways to be more productive, he said. One-third, they're going to push out on price increases, which "I agree is inflationary." But the last third? That's where AI comes in. Trending: Be part of the breakthrough that could replace plastic as we know it— He emphasized that every one of the 54 small businesses in his private portfolio is now leveraging vertical applications of AI to reduce operational costs — whether in insurance, wireless charging, or other sectors. "We've never had tariffs before with an AI multiplier in it," he said. "This forces us to figure out a way to be more productive." Why It's Important: O'Leary's comments come as many companies grapple with rising tariffs and inflationary pressure, especially in sectors heavily exposed to global supply chains. His view reflects a growing consensus that artificial intelligence is not just a tech trend but a crucial tool for business survival and long-term productivity gains. Last week, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai reportedly urged employees to increase their use of AI to boost productivity, highlighting that the company must 'accomplish more' without expanding headcount. Earlier this month, Yahoo Japan also instructed its 11,000 employees to incorporate generative AI into their daily workflows, to double productivity through automation by 2028. AI-driven automation has also contributed to a surge in tech industry layoffs, impacting as many as 80,000 workers. Microsoft Corporation (NASDAQ:MSFT), for example, has laid off 15,000 employees while simultaneously allocating $80 billion toward AI development. Read next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo courtesy: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Kevin O'Leary Says All 54 Of His Small Businesses Are Using AI To Cut Costs, Stay Competitive Amid Tariffs originally appeared on Sign in to access your portfolio
Fox News
a day ago
- Business
- Fox News
Kevin O'Leary predicts there will be ‘no rate cuts' in 2025
O'Leary Ventures Chairman Kevin O'Leary discusses the Federal Reserve's decision to leave interest rates unchanged on 'The Story.'
Yahoo
2 days 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
