President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread 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.
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Video by Mary Stevens