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The Latest Breaking News from Kevin OLeary

Why Americans Need $2M to Feel 'Wealthy' While Europeans Feel Rich At $500K—The Shocking Reality Behind The Numbers

The wealth gap isn’t just about how much money people have—it’s about how much they need to feel secure. While Americans typically don’t consider themselves wealthy until hitting the $2 million-$5 million mark, Europeans often feel financially comfortable with just $500,000 to $1 million in assets, according to discussions among…

Benzinga

'It's Going to be Worth a Thousand Dollars, or Whatever It Is, Five Hundred Bucks.' Dave Ramsey Tells A Couple What To Do After Winning The Lottery

When a Chicago woman called in to The Ramsey Show for advice on what to do after winning $1 million from a scratch-off lottery ticket, the financial guru's message was clear: Consult a financial adviser before spending any of it.

Benzinga

'These Texts Were Like a Drug': Montana Woman Lost $90K in Romance Scam After Bonding with Fake Celebrity

After falling for a charming suitor, a Montana woman learned the hard way that love can't always be trusted.

Benzinga

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Buyer Shocked When A Dealer Tells Him Paying Cash For A Car Adds $1,000 To The Price —'Dealerships Aren't Selling Cars, They're Selling Loans'

Buying a car has never been fun, but one shopper found out just how upside down the process can be. Instead of scoring a deal by flashing cash, he was told it would cost him $1,000 more than if he agreed to finance.

Benzinga

Dave Ramsey Responds To A Caller Frustrated With Young Employees Taking A Lot Of Unpaid Time Off—'You Think You're French Or Something?'

Younger employees at a general contracting company have started taking unpaid time off after using all their paid time off, and their manager wasn't sure how to handle it. So, the vice president of the 21-person, $10 million-a-year company called into the “EntreLeadership” podcast recently looking for help

Benzinga

What Ray Dalio Learned After A Huge Investment Went So Sour That He Had To Borrow $4,000 From His Father To Stay Afloat

Billionaire investor Ray Dalio recently admitted to learning invaluable lessons after a bad investment left him so short of funds that he had to borrow $4,000 from his father.

Benzinga

Jason Calacanis Says Amazon Will Replace All Factory Workers And Drivers By 2030. The Idea Of A Human Touching Your Package Will Be 'Insane'

Jason Calacanis believes the future of work is about to look radically different—especially in warehouses and delivery trucks.

Benzinga

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Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids

X Square Robot, a Shenzhen-based humanoid startup, secured approximately $100 million in funding led by Alibaba Group Holding (NYSE:BABA) through Alibaba Cloud in a deal that strengthens the company's expansion in the robotics market.

Benzinga

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

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

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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

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.

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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

'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.

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