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The Latest Breaking News from Kevin OLeary

Labor Economist Says Elon Musk Paying Full Social Security Taxes For One Year Could Cut Deficit 5%—So I Asked ChatGPT What Would Really Happen

Nowadays, everyone's trying to get answers out of AI. Ask it to plan a vacation, write a press release, fix a résumé—it'll do all that. But what about when you ask economic questions?

Benzinga

'No Bank's Going to Loan You This,' Dave Ramsey Tells Caller With Zero Assets — 'You're Not Bankable'

If you want a loan to buy a business, the first step is building trust with a bank by proving you have the capability to pay the money back.

Benzinga

Robert Reich Says 'The Rules Of The Game Changed' In The 1980s. Median Wages Stagnated While Wealth Flowed To The Top

Economic inequality in America today stems from a shift in the early 1980s when “the rules of the game changed,” former Labor Secretary Robert Reich recently warned.

Benzinga

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Why Are Fidelity's CD Rates Lower Than My 4% Savings Account? A Closer Look at Fixed vs. Variable Yields

The APYs for CDs and high-yield savings accounts have increased quite a bit ever since the Federal Reserve started to hike interest rates in 2022. Some people stored their money in these accounts for guaranteed returns, but one person on Reddit found a discrepancy between Fidelity's CDs and their savings…

Benzinga

Move Over Stock Buybacks! AI Spending Is In Full Swing

Stock buybacks have been a popular policy that boosts value for existing shareholders without distributing dividends. However, those same stock buybacks are now on the sidelines thanks to parabolic AI spending.

Benzinga

Goldman Sachs Warns An AI Slowdown Can Tank The Stock Market By 20%

Artificial intelligence has propelled the stock market to all-time highs, but Goldman Sachs (NYSE:GS) recently warned that once AI spending slows down, the stock market can tank by 20%. A research note from Goldman Sachs Analyst Ryan Hammond cited the danger of hyperscalers inevitably cutting back on AI expenditures, according…

Benzinga

IRS Extends EV Tax Credit Window: Can You Still Qualify Before Sept. 30?

Electric vehicle purchases have long been eligible for a federal tax credit of up to $7,500. That is changing on Sept. 30 thanks to the One Big Beautiful Bill Act, which eliminated the credit.

Benzinga

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How SpinLaunch's Revolutionary Centrifuge Could Slash Launch Costs And Upend The Space Industry

SpinLaunch has completed a $30 million Series C funding round, led by ATW Partners and Norway's Kongsberg Defence and Aerospace. The capital lifts the start-up's total cash haul to $203 million, with the latest tranche showing confidence in its Flash Gordon take on sending satellites into orbit.

Benzinga

Dave Ramsey Reveals The Business That's Most Likely To Make You Go Broke

Some business ideas are better than others due to their growth prospects, profit margins, and startup costs. However, there's one business most people should avoid, especially if they don't want to go broke.

Benzinga

'I Blew Up And Lost My Sh*t' — Wife Says Husband Gave $10,000 To His Parents And Secretly Took Another $1,700 From Their Savings

A woman said she separated finances from her husband after learning he gave more than $10,000 to his parents and secretly took another $1,700 from their shared savings. The nine-year marriage relied on her income after he was injured in a car accident and stopped working.

Benzinga

The Formula Wealthy Drivers Use Before Pulling The Trigger On A Dream Car

How much of your budget should you commit to a car? Many people consider this detail before purchasing an automobile, especially when it comes to high-end cars that are a bit over the top. The question made its way to Reddit, and several high earners revealed the key calculations they…

Benzinga

'I Can't Stand The Thought Of Marrying Someone In This Financial Shape' — 49-Year-Old Dumps Girlfriend Over $200,000 Debt

A 49-year-old man ended his relationship after learning his girlfriend carried nearly $200,000 in debt, including a $700 monthly car payment.

Benzinga

Looking To Earn Six Figures Without A Degree? Try One Of These Professions

For years, we've been told that the only way to make six figures is with a college degree. Turns out, that may be a myth.

Benzinga

Graham Stephan Breaks Down How To Earn $2,000 Per Day With Power Washing Services

Side hustles open the door to some extra income, but some of these gigs can outearn your day job. Real estate investor Graham Stephan recently went on TikTok and discussed how you can earn $2,000 per day by offering power washing services.

Benzinga

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'Right After Hell Freezes Over' — Son Refuses Dad's Demand To Quit Swiss University And Support Stepbrother Who Burned Through College Fund

A Missouri native shared on Reddit's r/entitledparents how his father diverted a college fund originally set aside by his late mother to pay for his stepbrother's education.

Benzinga

The Loyalty Penalty: Why Remaining Faithful To Your Favorite Companies Could Be Costing You

Consumers have long been told that it pays to be faithful. If you stick with a company, the thinking goes, you'll eventually be rewarded with a discount, an upgrade, or a perk.

Benzinga

'Not Having Health Insurance Is An Emergency': Suze Orman Urges Americans To Budget Now As ACA Subsidies Expire And Premiums Skyrocket

Rising health care costs are about to hit millions of Americans hard. Personal finance expert Suze Orman is sounding the alarm as temporary Affordable Care Act subsidies are set to expire in 2026 — a change that could cause premiums to jump by more than 75%, according to KFF.

Benzinga

Michael Saylor Mocks S&P 500 Returns After MicroStrategy Snub

MicroStrategy (NASDAQ:MSTR) Executive Chair Michael Saylor has taken a dig at the SP 500’s returns by comparing the index’s annualized return since 2020 to that of his firm.

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Benzinga

Colleges Face An Enrollment Crisis That May Be Irreversible Due To Low Birth Rates

The U.S. birth rate has been declining since the Great Recession, according to the Centers for Disease Control and Prevention, and that problem is about to rear its head in college enrollment numbers.

Benzinga

'Nothing Will Ever Change' – Is Gen Z Destined To Be Bad With Money?

Most people understand the basics of personal finance, but not everyone is financially disciplined. It's one thing to know that you should avoid credit card debt, but it's something different to actually stay out of debt.

Benzinga

Seven Seven Six Co-founder Says Interlune Is First Company To Commercialize Off‑Planet Resources—And VCs Are Buying In

Seven Seven Six founding partner Katelin Holloway said helium-3 harvested from lunar dust could generate returns for investors within a decade.

Benzinga

Kevin O'Leary Once Called Going Into Business With Relatives A Terrible Idea: 'You Have To Be Able To Fire Your Mother'

Investor and "Shark Tank" star Kevin O'Leary once warned against mixing family with money, offering blunt advice on lending, borrowing and even working with in-laws.

Benzinga

Viral Labubu Doll Craze Just Made the Pop Mart Founder $27.5 Billion Richer — A Bigger Gain Than Buffett, Bezos, and Nearly Every Billionaire Alive

Earlier this summer, a Vans Labubu collaboration sold for 16,000 Australian dollars ($10,400) on eBay (NASDAQ:EBAY). The seven-inch brown doll was decked out in classic Vans streetwear designs, including the company's iconic Sk8-Mid sneakers.

Benzinga

'Here's The Good News — She's Not Marrying You For The Money' — Man Earning $200,000 Fears Marrying His Girlfriend Who Makes $4 Million

Kevin, from Fort Worth, Texas, admitted to co-hosts on "The Ramsey Show" that he was afraid to marry his girlfriend because she earns millions more than he does. While he makes $200,000 working in financial services, his girlfriend brings in $3.5 to $4 million annually through her insurance company and…

Benzinga

Kevin O'Leary Loves The Guy' Who Knows Investing Money On $5 Lattes Daily Don't Build Wealth, But Is Coffee More Than Just A Drink?

Last month, "Shark Tank" investor Kevin O'Leary warned about the expensive daily coffee habits draining wealth, even as experts say the ritual carries meaning beyond caffeine.

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