EU data watchdog raises concerns over Microsoft contracts with EU institutions

The European Data Protection Supervisor said on Monday that preliminary results of its investigation into Microsoft contracts with EU institutions show serious issues over compliance with data protection rules. "Though the investigation is still ongoing, preliminary results reveal serious concerns over the compliance of the relevant contractual terms with data protection rules and the role of Microsoft as a processor for EU institutions using its products and services," the EDPS says in a statement. The EDPS had launched an investigation on April 2019 into the use of Microsoft products and services by EU institutions.

Uber faces three big problems in London

Uber has a big problem in London. The first is that it got only a two-month license extension from Transport for London, the local taxi regulator. The second is that the employment status of its UK drivers remains unresolved.

How to give your home to your adult child tax-free

Before the days of income and estate taxes, adult children often just moved into the family home after their parents died. If you plan to live in your home until you die, and your estate is below the unified federal estate gift and estate tax exemption amount ($11.4 million for 2019), this is your best strategy. When you die, your home's tax basis will be stepped up to fair market value as of the date of death.

Home Values Go Through the Roof in New York

Thanks to ultra-low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in New York? Home values have been rising throughout New York and are up 8.02% from a year ago. Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $304,500 , Zillow says.

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  Home Values Go Higher in Washington

  MoneyWise
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  Want to Live in Hawaii? Good News: Home Values Have Cooled

  MoneyWise

Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio

The U.S. and China may be nearing a tentative, partial trade agreement but the IMF's new leader has warned the trade truce won't be enough to boost global growth. Another ongoing dispute may also be nearing a resolution, with the U.K. and EU agreeing a Brexit deal, though British MPs still have to approve it. But the U.S. has confirmed tariffs on $7.5 billion worth of European goods will take effect on Friday, proving that geopolitical tensions are here to stay.

3 Monster Growth Stocks That Will Keep Soaring in 2020

Lalwani rates LHX stock a "buy" along with $259 price target. If everything goes as planned, LHX will soar about 30% over the next 12 months. To watch Lalwani's track record, click here) “Given above-average potential around sales growth, margin expansion, FCF generation, and capital returns, alongside a leadership team that has previously executed, we see no reason why the legacy HRS premium valuation should not be retained has previously executed, we see no reason why the legacy HRS premium valuation should not be retained,” Lalwani added.

Dow Jones Futures: Stock Market Rally Hits Resistance; These 5 Top Stocks Are Near Buy Points

Microsoft stock, Chipotle stock, Visa stock, Comcast stock and New Oriental Education stock are all on the IBD 50 list. Visa stock and Microsoft stock are Dow Jones components. Some of these stocks could break out or reclaim buy points before reporting earnings.

Bernstein’s Lim Sees Investors Staying on the Sidelines in China

Joanne Lim, algorithmic and portfolio trader at Bernstein, discusses China's Loan Prime Rate, markets and her outlook for the property sector. She speaks on “Bloomberg Markets: China Open.

This couple fought $25,000 in fraudulent credit-card charges after falling prey to identity theft — then things got worse

Amy Wang and her husband spent hundreds of hours trying to straighten out their financial futures after falling prey to identity theft. Amy, a 50-year-old occupational therapist in Miami, says she and her husband, Michael Wang, started receiving credit-card denials and store credit cards in the mail in December of 2015. The shoppers had expensive taste, Amy said, opting for luxuries like diamond earrings, Gucci and Armani.

Which are the least tax-friendly states in America? California doesn’t crack the top 10, but Illinois sure does

Illinois took the No. 1 spot on the list, thanks in large part to its high property taxes. The Land of Lincoln was followed by Connecticut and New York, both of which have pretty high-income taxes. Tennessee has an income tax, but it only applies to interest and dividends and not to salaries and other wages.

The 401(k) retirement is coming — are you prepared?

Most retirees rely on retirement income they didn't personally put away for their futures, although they did work for it. Young adults won't have that luxury, and they know it, a recent survey found. All but 5% of current retirees consider Social Security and a pension plan as their primary sources of retirement income, according to a Wells Fargo (WFC) survey released Friday.

GE Subsidiaries: List of Mergers and Acquisitions

The last few years have certainly not been kind to General Electric (GE). The multinational conglomerate came in as the worst-performing stock on the Dow Jones Industrial Average in 2017, only to be replaced on the index by Walgreens Boots Alliance Inc. less than a year later in June 2018. As the conglomerate struggles to turn around its fortunes by restructuring verticals, spinning off companies, and selling off business lines, investor confidence remains low and the company's stock price continues to head south.

2 Big-Name Stocks You Should Consider Shorting This Week

Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Canopy Growth Corp. recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.

Pound, FTSE 100 steady after Brexit-vote delay

The British pound shook off early losses and moved higher, while U.K. stocks flattened out Monday, after lawmakers in the country voted to ask for a Brexit-deadline delay over the weekend. A 5.8% gain in October has kept the pound near levels not seen since May. The FTSE-100 (UK:UKX) meanwhile, was flat at 7,146.68. After a crucial Parliamentary vote failed to get off the ground on Saturday, Prime Minister Boris Johnson was forced to send a letter to the EU asking for a three-month Brexit delay.

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  Monday morning news briefing: Prime Minister faces 'guerilla war'

  The Telegraph
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  UK is going to leave the EU by Oct. 31: Gove

  Reuters Videos

SAP CFO Mucic on Management Change, Strategy

SAP SE Chief Financial Officer Luka Mucic talks about the management change, the company's strategy and outlook. Chief Executive Officer Bill McDermott will depart at the end of the year, while Jennifer Morgan and Christian Klein will become co-CEOs. Europe's biggest software company reported preliminary third-quarter sales and profit that topped analysts' estimates.

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  SAP in three-year cloud partnership with Microsoft

  Reuters
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  SAP reports 28% profit jump, backs guidance

  MarketWatch

5 Stocks Set to Lead Longterm as Fed Rate Cuts Deepen

As the Fed weighs even steeper rate cuts to bolster a faltering economy, a handful of stocks are poised to outperform, according to several market watchers. As lower rates reduce bond yields, these stocks that are likely to grow as the economy slows also boast healthy dividends and dividend growth history. The list includes Illinois Tool Works (ITW), Nucor (NUE), Pentair (PNR), W.W. Grainger (GWW) and Johnson & Johnson (JNJ), as outlined in a recent Barron's report.

Blackstone’s billionaire co-founder says investors should worry about these 5 market dilemmas

For Blackstone co-founder and chief executive Stephen Schwarzman, worrying is fun. In his new memoir What it Takes, the private-equity titan advises readers that worrying “is playful, engaging work that requires you never switch it off.” This approach helped him to protect Blackstone Group Inc. (BX) investors from the worst of the subprime real estate crisis, he told MarketWatch in an interview Monday afternoon. The deep-pocketed investor, who has accumulated a net worth of $17.3 billion, according to Forbes, said “there are a lot of things going on” today that should have investors' antennae finely tuned.

Why the stock market won’t stay down when everyone is ‘nervous’ and ‘defensive’

We have been meeting with institutional, family office, and household investors around the world over the past few weeks, and can only conclude that nearly everyone is nervous and in a defensive position. The volatility around Brexit, the trade war, a possible impeachment, and global economic deceleration has everyone on edge,” he said. See: Trump's next move could lead to a 25% drop in stocks, says billionaire investor After a rocky start, the S&P 500 (SPX) and Dow Jones Industrial (DJIA) turned positive for the month on Tuesday.

Should You Take the Cash or Reinvest Your Dividends?

When a stock or fund you own pays dividends, you can pocket the cash and use it as you would any other income, or you can reinvest the dividends to buy more shares. Though having a little extra cash on hand may be appealing, reinvesting your dividends can really pay off in the long run. The Basics of Dividends If a company earns a profit and has excess earnings, it has three options.

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  Read This Before Buying Auswide Bank Ltd (ASX:ABA) For Its Dividend

  Simply Wall St.
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  Is Avnet, Inc.'s (NASDAQ:AVT) 2.0% Dividend Worth Your Time?

  Simply Wall St.

Here's what a higher minimum wage really does to job growth

Striking McDonalds workers demanding a $15 minimum wage demonstrate in Las Vegas, Nevada U.S., June 14, 2019. Fact One: The effective minimum wage (I'll spell this out below) has been soaring recently and is at an all-time high. Nixon was in the White House, Neil Armstrong was on the moon, and the hippies were at Woodstock.

This woman went from deep debt to retirement riches in a few years by teaching herself financial literacy

Yanely Espinal knows what the power of a financial education — she came from a low-income home with two parents and nine children, and ended up with credit card and student loan debt even after receiving a full scholarship to college. The Brooklyn native said she often saw a difference between herself and some of the wealthier students around her. She attended high school near Lincoln Center in Manhattan, where many students wore brand-name clothes and returned from holiday break with the latest gadgets.