The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Got your back-to-school shopping finished? If so, chances are your wallet feels a little lighter than it did this time last year.
Back-to-school spending is on track to rise 3 percent overall in 2014, according to the National Retail Federation. Families with kids in elementary, middle and high school are likely to spend 5 percent more than the year before.
But those increases pale in comparison to the rising cost of many youth sports.
For example, spending on baseball equipment is expected to rise 4.4 percent in 2014, according to a National Sporting Goods Association projection. For lacrosse, the figure is 5.7 percent. Other youth sports equipment costs are rising as well.
Paying to play on sports teams is now the norm. Almost two thirds (61 percent) of students participating in middle and high school sports in 2012 paid to do so, with only 6 percent receiving fee waivers, according to a study by the University of Michigan C.S. Mott Children's Hospital.
The cost of youth sports travel is increasing as well. The National Association of Sports Commissions put the cost of sports travel—almost all of which is for youth sports—at roughly $8.7 billion in 2013, up 5 percent from a year earlier.
"You just want to give your kids the best, so if that means going onto this special soccer team and paying this coach," that is what you do, said Lisa Delpy Neirotti, associate professor of sport management at George Washington University and the parent of a young lacrosse player.
Parents can be careful when it comes to shopping for back to school supplies and hunting for bargains, but youth sports appear to be a different story. No one wants to deny children something they love, and rationality seems to take a back seat.
"It starts out that parents want their kids to play something just to be active," Neirotti said. "Then if they show talent, they are kind of put through the process. The coaches encourage the parents to go up a division and before you know it, you're on a travel team and you are sucked into it."
Youth sports offer myriad benefits, especially at a time when childhood obesity is a significant public health problem. Parents report that their young athletes learn time management skills and discipline. One study in Kansas found that high school athletes had higher grades, standardized assessment scores, and graduation rates than their non-athlete peers. And a teen who has practice and games several times a week may be too busy to get involved with high school drama or the many other perils of high school.
But parents, don't expect those advantages to come cheap.
—By Kelley Holland, Special to CNBC
Correction: The story has been updated to reflect the correct percentage of students participating in middle and high school sports.