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The United States has the highest incarceration rate in the world, with about 5 percent of the world’s population, but 25 percent of the world’s prisoners. For some businessmen, that represents a big money-making opportunity, and few can attest to that better than Ryan Shapiro, CEO of JPay, a company that provides various services for inmates. …

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Booming U.S. car sales and a push by private equity investors are creating a renaissance in the market for auto loan-backed securities. Corporations like Apple, Google and 3M as well as institutional and insurance-industry investors have been looking for the promise of steady yields in exchange for limited risk. But a panoply of investigations into lending practices for so-called subprime, …

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Traders on the floor of the New York Stock Exchange.

U.S. stocks declined sharply on Wednesday, following the S&P 500′s seventh quarterly gain, as investors fretted global concerns and weighed a report on U.S. manufacturing in September. “In the here and now, there are too many global-macro concerns for investors to have confidence,” said Art Hogan, chief market strategist at Wunderlich Securities, listing worries about …

Isaac Brekken | AP

It turns out that one of the keys to hosting a successful conference on a complicated, technical and contentious topic like cybersecurity is great food and booze. Jeff Moss said he learned that lesson early on in his days as the hacker community’s best-known security impresario. “I know this sounds really petty,” Moss said, “but …

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Forget sports cars, diamonds and yachts. Today’s rich prefer to spend their money on vacations, entertainment and collectibles. According to a new study from Spectrem Group, Americans worth more than $25 million think of themselves as frugal but actually live large. More than half agreed with the statement that “saving and investing my money gives …

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At some point, we’ve all fantasized about winning the lottery and living the high life, replete with mansions, sports cars, yachts and exotic travel. But the reality of hitting the jackpot isn’t some glamorous Kardashian-style existence. Instead of finding themselves in the lap of luxury, 70 percent of people who come into sudden money are …

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If you thought Jimmy Kimmel was just a funny talk show host, think again. He’s also the “most dangerous celebrity to search for online,” according to a cybersecurity firm. Research by McAfee found that searching his name on the Internet presented users with a 20 percent chance of coming across a malicious link, with the …

Meet Pepsi True, the latest attempt by PepsiCo to sweeten soft drink sales with a midcalorie cola. By using sugar and stevia, the new drink contains 30 percent less sugar than a regular Pepsi, but no artificial sweeteners or high-fructose corn syrup. It’s also the first cola under the flagship Pepsi brand since Pepsi Next 2½ years ago, …

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Italy might be the birthplace of pizza, but good luck trying to find a slice from the pizza giants there. The closest you’ll get to ordering a 14-inch pie in the land of the Romans during National Pizza Month, which began Wednesday, is visiting Pizza Inn in Italy, Texas. While pizza growth in the country of Italy …

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Global airline stocks fell sharply on Wednesday after the U.S. Centers for Disease Control and Prevention confirmed the first case of Ebola in the country. “African travel isn’t a huge part of the travel industry, but it does seem like some parts of the industry are likely to be disrupted from this,” RiverPark Advisors’ Mitch Rubin told Reuters. …

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Anyone who has ever set out to hire a financial advisor knows what a difficult task it can be. There are hundreds of thousands of individuals in the U.S. claiming to be some flavor of “financial advisor,” but the qualifications of this diverse group vary widely—and the difference is not always apparent at first glance. …

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Traders on the floor of the New York Stock Exchange.

While often a scary month, this October has an especially long list of demons for markets to contend with—from the major shift in U.S. monetary policy and a global economic slowdown to a host of percolating geopolitical hazards, from Kiev to Hong Kong to Brasilia. This week alone, there is a European Central Bank meeting Thursday, …

Gaming’s impact on U.S. economy

How big of an impact does the gambling industry have on the U.S. economy?

Meghan Reeder | CNBC
CNBC's Phil Lebeau test drives Ford's F-150 Aluminum.

With investors questioning Ford‘s near-term outlook, the American automaker heads into the fourth quarter needing a shot in the arm from its bread and butter truck: The F-Series. The new pickup, which is a dramatic shift incorporating aluminum panels, rolls into showrooms later this year and comes at a time when Ford finds itself dialing back …

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Married with Condo, Ashley and Ken Wetzel

Millennials don’t buy houses. They are urban, mobile, risk-averse and saddled with student debt. Homeownership is about as enticing to them as a phone with a cord. Millennials are considered “generation rent.” “Young people today seem to have a less warm attitude toward housing. I don’t know why, I’m not one of them,” said Robert …