The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Former MLB star Alex Rodriguez landed his first big paycheck as a teenager. He was 18 years old when he was drafted and signed a three-year, $1.3 million contract with the Seattle Mariners. The deal also came with a $1 million signing bonus.
If Rodriguez could give his rookie-self one piece of money advice, it's the same advice he would give any athlete today: Plan ahead and prepare for life off the field by making smart investments today. As he tells CNBC Make It, "You're going to make probably 90 to 95 percent of your lifetime income from age 20 to 30, and you have to ask yourself, 'What's going to happen from age 30 to 80?'"
While life as an athlete can be incredibly lucrative, as Rodriguez notes, it can also be short-lived. On average, an MLB player can expect their career to last 5.6 years. The average career length for other professional athletes is even shorter: less than five years for NBA players and just 3.3 years for NFL players.
Despite the short career length, "you have an incredible opportunity if you're frugal and you're smart and you put your money away early," says Rodriguez. "The ability to have compound interest over 20, 30, 40 years — you can be a very wealthy young person in a very short period of time. "
Rodriguez, who played his last game as a Yankee in August 2016, is now transitioning to a career in business as CEO of A-ROD CORP, the holding company he started 15 years ago for his various investments.
He's built relationships with legendary investor Warren Buffett and other C-suite leaders and is now looking to help other professional athletes prepare for life off the field in a new CNBC show, "Back in the Game, " which premieres Tuesday, March 13.
"If you look at the data," Rodriguez tells CNBC's "Squawk Box, " "they suggest that a lot of our players are going bankrupt way too soon. " The key to lasting wealth, he says, is to prepare for what happens between ages 30 and 80.
"Back in the Game " premieres Tuesday, March 13 at 10P ET/PT.
Like this story? Like CNBC Make It on Facebook!
Video by Mary Stevens