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The Shark Tank deals that collapse off air

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The alluring promises made on the hit show “Shark Tank” often evaporate once the cameras stop rolling, leaving entrepreneurs crestfallen and their business dreams shattered.

Despite the fervor and excitement displayed on air, not all deals struck by the panel of “Sharks” materialize off-air. Kevin “Mr. Wonderful” O’Leary’s infamous parting line, “You’re dead to me,” proves to be more than just a catchphrase.

The latest example involves Al “Bubba” Baker and his family, founders of Bubba’s Q Boneless Babyback Ribs. They alleged that Daymond John renegotiated their deal off-air, taking it from $300,000 for 30% on-air to $100,000 for 35% off-air, and sidelining Baker from crucial business discussions.

50% failure

This pattern of post-show disillusionment is not new. Forbes reports that, between seasons eight and thirteen, 50% of 112 deals failed to materialize, with 15% of them undergoing alterations. Shelly Ehler, creator of ShowNo towels, faced a similar fate in 2012. Lori Greiner made an on-air deal of $50,000 for 25%, but the offer transformed into uncertainty once the show concluded.

While restraining orders and legal battles are extreme outcomes, they highlight the tumultuous journey of entrepreneurs navigating the world of “Shark Tank.” Some, like the Coddou couple with their Supply razors, managed to succeed despite failed deals, making over $1 million in sales post-show.

However, the ordeal left Vladislav Smolyanskyy, inventor of Pinblock, disillusioned. A deal with Kevin O’Leary shifted dramatically behind the scenes, leaving Smolyanskyy feeling shortchanged and alienated.

As the glitz of reality TV wanes, these stories shed light on the stark realities of entrepreneurial pursuits and the elusive nature of post-show deals.

The show’s producer, Clay Newbill, emphasised that the path forward is ultimately determined by the entrepreneurs and the Sharks, with the cameras having the final say in crafting narratives.

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Money

Federal Reserve lowers rates amid eased job market

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The Federal Reserve has cut interest rates by a quarter-point, bringing the benchmark rate to a range of 4.5% to 4.75%, as economic growth continues but job gains slow.

The Fed noted that labour market conditions have “generally eased,” even with low unemployment, signalling a more cautious approach amid a stable economic expansion.

The statement marks a shift in Fed language, now saying inflation has “made progress” toward the 2% goal instead of the prior “further progress.”

With inflation holding steady around 2.6%, policymakers aim to keep economic risks balanced, despite pressures from slower job growth.

This rate cut reflects a strategic move to sustain economic momentum while cautiously watching inflation’s gradual trend toward the Fed’s target.

The decision was unanimous, aligning Fed priorities with a balanced approach to support both employment and price stability.

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Money

Trump victory sparks market surge as Wall Street soars

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Donald Trump’s election victory has sparked a massive rally in the stock market.

Banks and industrial companies led the surge as investors bet that Trump’s plans for deregulation and tax cuts will boost economic growth.

Shares of big banks, like JPMorgan and Goldman Sachs, soared as investors predicted fewer regulatory restrictions.

Meanwhile, industrial giants such as Caterpillar and steelmakers like Nucor also hit record highs, reflecting optimism about U.S. manufacturing.

In contrast, clean-energy stocks took a hit, as Trump’s policies are expected to favour traditional energy sectors.

This surge comes amid rising Treasury yields and falling gold prices as investors gain confidence in the transition to a Trump administration.

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Money

Australian Treasurer and RBA chief clash over economy

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A rare dispute has emerged between Australia’s Treasurer Jim Chalmers and Reserve Bank Governor Michele Bullock over the nation’s economic trajectory.

Governor Bullock argues the economy remains overheated, even as growth data shows recent slowdowns.

Treasurer Chalmers, however, warns that sustained high interest rates are “smashing the economy.”

This debate is critical for Australians, as it will influence the future of interest rates and inflation.

Data shows a mixed economic picture: while inflation is down, it’s still above target, and the jobs market remains historically strong.

Ultimately, deciding who’s right may come down to theory and perspective on economic health.

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