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“Shark Tank” star Kevin O’Leary was involved in a weekend boat crash on a Canadian lake that killed two people, according to reports. The 65-year-old reality star said his wife, Linda, was driving his boat when they crashed into another vessel Saturday night on Lake Joseph in Ontario, TMZ reported. “Late Saturday night I was a passenger in a boat that had a tragic collision with another craft that had no navigation lights on and then fled the scene of the accident,” O’Leary told the outlet. “I am fully cooperating with authorities.” The two victims were on a larger, 13-person...

Appearing on CNBC Wednesday, Canadian businessman and television personality Kevin O’Leary raved about the state of the U.S. economy , based on his more than 50 “Shark Tank” companies. “Most of the Sharks have a similar portfolio,” O’Leary told CNBC on Wednesday. “It’s an amazing index on America’s economy because they’re almost in every state, in every sector.” O’Leary along with investors Mark Cuban, Robert Herjavec, Barbara Corcoran, Lori Greiner and Daymond John put up their own money on “Shark Tank” to buy stakes in start-ups looking for capital and influential business partners. “I can report to you, on a...

The U.S. is likely to maintain a trade deficit with China even if all tariffs are removed. Why? The U.S. is the largest economy in the world, and the American consumer has a ferocious appetite for goods and services. The U.S. economy simply consumes more than it exports. This is not going to change anytime soon. Tariffs are a different deal. They are imbalances. Take the automotive industry, for example. The Chinese and Europeans charge higher tariffs on U.S. cars coming into their markets than corresponding Asian and European automobiles entering the U.S. markets. This has been going on...

Donald Trump is bound for the White House, and when he reaches the Oval Office, stocks will "go straight up," said Kevin O'Leary, chairman of O'Leary Financial Group. *snip* Last month, Blackstone Group Chairman and CEO Stephen Schwarzman, a longtime Republican, told CNBC's "Squawk Box" that if he were faced with a choice between Trump and Texas Sen. Ted Cruz, he would "be really trying to figure out where we go." Though he said he would opt for Trump in that scenario. But O'Leary said he does not believe corporate America is truly afraid of a Trump presidency. "He wants...

"Shark Tank's" Kevin O'Leary offers a dose of reality for those watching CNN's "Out Front" with Erin Burnett today http://townhall.com/tipsheet/greghengler/2014/02/25/shark-tank-investor-obama-should-ask-small-business-owners-if-they-agree-with-his-statements-n1800624