Hi graceblake,
Go to Appearance -> Customize -> Ambition theme options -> Custom CSS paste the below CSS code and Click on Save & Publish button at the top of the options panel.
.entry-meta .cat-links,
.entry-meta .cat-links a
{
display:none;
}
.featured-text {
color: #fff;
}
Note: Please change above HEX color code #fff to your own HEX color code to change the color of featured font color.
Also, If you upgrade the theme to pro version then you can set the color skin of each section with your own color also with lots of features.
Pro version will be available very soon.
Thank you for using our theme.