Shark Tank's Daymond John visits the NYSE for the 94th annual tree lighting. He stops by Cheddar to discuss his favorite deals from the year and the best business advice he's ever received.
John says that when an entrepreneur pitches on Shark Tank, he looks for someone who would work on their idea and company without being paid. He values passion and determination and uses that as an indicator of success.
"They tell us about all the mistakes they made, they have a passion about it," he tells Cheddar. "I feel like the train is gonna leave whether I'm on it or not. They know their customer very well, so they're not using my money as tuition....and I have to like the person."
John looked back on some of his Shark Tank deals. He explains his decision behind his deal with Moziah Bridges of Mo's Bows. Initially, Moziah pitched the Sharks on $50,000 in exchange for 20%. John came back and told him not to take any money, and instead to accept his offer of mentorship.
John explained to Cheddar that he received a similar offer when he was starting his clothing company, FUBU, and it proved to be incredibly helpful and lucrative.
Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.
“Any consumer can tell you that online airline bookings are confusing enough," said William McGee, an aviation expert at the American Economic Liberties Project. "The last thing we need is to roll back an existing protection that provides effective transparency.”
Cheddar News checks in to see what to look out for Next Week on the Street as former president Donald Trump makes an appearance in federal court after being indicted. Investors will also keep an eye on the Federal Reserve meeting to see what comes out of that while earnings continue to pour in.
Google will launch its long-delayed News Showcase product this summer.
Walmart is expanding its HIV treatments, planning to add over 80 specialty facilities across nearly a dozen states by the end of the year.
The Internal Revenue Service said there are about $1.5 billion in unclaimed tax refunds dating back to 2019.
General Motors will allow its electric vehicles to use Tesla charging stations across the country.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Modelo Especial is now the top-selling beer in the United States, dethroning Bud Light after 22 years. In May, sales of Modelo Especial hit $333 million. That's up 15.6 percent from the same period last year.
Electric vehicles made by General Motors will be able to use much of Tesla's extensive charging network beginning early next year. In addition, GM will adopt Tesla's connector, the plug that links an electric vehicle to a charging station.
