Ali Elreda believes in second chances — and he’s grateful for his own. Elreda learned to cook in prison. He was convicted in 2009 for “intent to distribute” cocaine, according to court documents, and spent nearly six years behind bars between 2007 and 2013. Now, the 47-year-old runs a restaurant …

BNY Mellon’s global head of ETFs suggested exchange-traded funds using options overlays could become next year’s hot product. “We are absolutely going to see more of these options-based products come to market,” Ben Slavin told CNBC’s “ETF Edge” on Monday. “We see it in our own book.” Options overlays are …

CNBC’s senior personal finance correspondent Sharon Epperson speaks with high school students as part of Junior Achievement of Middle Tennessee’s Finance Park financial literacy program. Sam Wiseman High schools are increasingly offering real-world financial lessons to students — and soon more than half of U.S. high schoolers will be required …

Homeownership became more affordable this week, as 30-year fixed mortgage rates dropped below 7% for the first time since August. After a peak of nearly 8% in late October, the average 30-year mortgage rate has been sliding every week since. As of Thursday, the rate is 6.95%, according to Freddie …

These days, fewer people feel financially comfortable, let alone rich. The average household’s net worth has soared in recent years, rising 37% between 2019 and 2022, according to the survey of consumer finances from the Federal Reserve. Yet, even as households became wealthier, inflation and instability have left more people …

With the holidays approaching, Read Like the Wind will catch its breath for a couple of weeks; the next edition will appear on Jan. 6, 2024. Merry everything. Dear readers, Twenty-two years ago, when Apple rolled out a nifty gadget called the iPod, its tag line was “1,000 songs in …

Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Microsoft-owned Activision Blizzard has agreed to settle a case from a California state agency that alleged the video game publisher discriminated against women, including denying them promotion opportunities and paying …

CNBC’s Jim Cramer has his eye on Sphere Entertainment, the company that owns the 580,000 square foot Sphere that looms in the Las Vegas skyline, but he is not recommending it to investors. “The stock’s certainly been a solid performer, it is up nearly 57% year-to-date,” Cramer said. “But, frankly, …

The 10-year Treasury note yield slipped Friday, adding to its sharp downturn this week, as traders brace for possible Federal Reserve rate cuts next year. The yield on the 10-year Treasury was lower by 2 basis points at 3.905%. It had fallen below the 4% level for the first time …

Store credit cards may try to lure you in with steep discounts and tempting sign-up offers, but you should think twice before signing up for one. That’s because many retail offer credit cards or special financing plans come with so-called “deferred interest.” Stores typically offer deferred interest periods ranging from …