Students at this New Jersey high school are learning to invest with real money

The Gray Bee Investors researching potential investments during a recent meeting. Mike Scanlan There’s real money on the line for the investing club at St. Benedict’s Preparatory School in Newark, New Jersey. This year, the Gray Bee Investors club — made up of about 15 high school students — is helping make investing decisions for…

Jim Cramer says investors should have these 5 industrial stocks on their wish lists

CNBC’s Jim Cramer on Thursday offered a list of five industrial stocks investors should consider adding to their portfolios. “After years where the market chased growth at all costs, we’re now in a post-momentum, pivot environment where Wall Street wants solid companies with easily justifiable valuations,” the “Mad Money” host said. Cramer named five industrial…

China’s Covid policy locks down a city three times the size of New York

The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City —…

Here’s who can claim the home-office tax deduction on their 2021 tax return

Woman working at home talks to virtual assistant Martin-dm | E+ | Getty Images Millions of Americans began working remotely or from home during the coronavirus pandemic. Others decided to take the leap amid the “Great Resignation,” start their own business and become their own boss in 2021. But who is able to claim the…

NBA star Damian Lillard dishes on the Blazers and his new footwear insole company

Damian Lillard #0 of the Portland Trail Blazers speaks to fans during fan appreciation night before the game against the Utah Jazz at Moda Center on April 10, 2022 in Portland, Oregon. Abbie Parr | Getty Images Portland Trail Blazers star Damian Lillard said he wants to stay with the franchise that drafted him in…

The age for required withdrawals from retirement accounts could go higher. Here’s who would benefit

Ronnie Kaufman | DigitalVision | Getty Images Some future retirees could end up getting more time to amass a heap of money that won’t be taxed when they or their heirs tap it. Under a provision in a federal retirement bill that cleared the House of Representatives last month, required minimum distributions, or RMDs, from…

State Legislatures Take Up Tax Reform and Relief in 2022

If 2021 was a big year for state tax reform, 2022 may give it a run for its money. With January now in the books, the 40 states which have convened their legislative sessions—six more will join them, while four states’ legislatures do not meet in odd-numbered years—already show a flurry of activity on taxes,…

How Russia’s war is cutting global auto production

Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes in the prices of already precious raw materials. Some factories in Ukraine have tried to keep going amid the invasion. Workers have reportedly had…

Chinese EV maker Nio says it’s gradually resuming production after Covid halt

In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west…

Hereā€™s how Inclusive Capital could help materials firm Ingevity lean into its ESG narrative

In this article NGVT Azmanl | E+ | Getty Images Company: Ingevity (NGVT) Business: Ingevity is a leading bio-based materials company that converts waste streams and by-products from the wood, paper, and pulp industry into higher-valued, specialty materials. They operate through two segments: (i) Performance Materials, which includes high-performance activated carbon and (ii) Performance Chemicals,…

The fight to protect consumers against bad investment advice is advancing, but slowly

William F. Galvin, Secretary of the Commonwealth of Massachusetts, at a press conference on Sep. 10, 2018. Galvin championed a state rule governing investment advice, which a judge invalidated in March 2022. Michael Swensen for The Boston Globe via Getty Images The fight to protect consumers from bad investment advice has been a multi-year saga….