Investing

People don’t necessarily give to charity because of tax benefits, but it doesn’t hurt. However, the new tax law, among other things, has eliminated or sharply reduced the benefits of charitable giving for many would-be donors. Even though the deduction for donations is unchanged, you still need to itemize to claim it, and that’s a
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Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. “I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day
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J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational
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Nobel laureate Robert Shiller suggests a self-fulfilling is prophecy unfolding on Wall Street that could ultimately derail the longest bull market in history. According to the Yale University economics professor, growing worries about a recession could make it come sooner — even if there isn’t a specific event to spark it. “A lot of people
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Caterpillar shares fell on Tuesday after UBS double downgraded the shares, citing slowing global construction demand. UBS downgraded Caterpillar from buy all the way to sell and lowered its 12-month price target to $125 from $154 a shares. Caterpillar shares dropped 3.5 percent in premarket trading to $136.45. “We believe 55 percent of CAT’s end
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