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.

8 Monthly Dividend Stocks to Buy for Consistent Income

With so much uncertainty weighing on key economic metrics — most notably the U.S.-China trade war — the idea of buying dividend stocks is an attractive one. Primarily, as passive-income generating securities, dividend-bearers are likely to weather volatility better than stocks that don't offer payouts.

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  S&U plc (LON:SUS)'s Could Be A Buy For Its Upcoming Dividend

  Simply Wall St.
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  Shareholders Are Loving Robert Walters plc's (LON:RWA) 3.0% Yield

  Simply Wall St.

10 Stocks to Sell Before December’s Meltdown

If Wilson is correct, it's possible that we could see stocks fall by 4-5% in December 2019, putting a bad ending on what has been a very good year. The 10 Best Mutual Funds for Your 401k For those who are worried about what might happen in the final month of the year, here are 10 stocks to sell before December's meltdown. Stocks to Sell Before the December Meltdown: Netflix (NFLX) On Oct. 16, Netflix (NASDAQ:NFLX) reported Q3 2019 earnings that were a mixed bag.

Oaktree's Howard Marks on Negative Rates, Demanding Safety, U.S. Recession

Howard Marks, co-chairman at Oaktree Capital, discusses his latest note to clients on negative interest rates, the reasons why investors buy negative-yielding assets, relying on analysis over ratings, and the inevitability of a U.S. recession. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets."

Exxon Stock Offers Tremendous Value and a Great 5.1% Dividend Yield

They are aiming to double cash flow and earnings in coming years. With so many other players pulling back their spending, Exxon with its fortress balance sheet will profitably pick up the slack. Oil May Be Peaking, But It Isn't Going Away Anytime Soon Many folks seem to confuse Exxon's (very) long-term prospects with its ability to carry on in coming years.

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.

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.

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  Wells Fargo's 2019 retirement survey points out savings trends

  Yahoo Finance Video
• Retirees Live a 20th Century Retirement in the 21st Century, Wells Fargo Survey Finds

  Business Wire

AT&T Doesn’t Need Static on This Call

AT&T, which is in the midst of a battle with activist shareholder Elliott Management, might be able to swat away a few of the hedge fund Elliott's more dramatic ideas if it just settles on a few of its lesser asks now.

Why a strong dollar could be a warning sign in this market

With so many conflicting signals about markets, the economy in the U.S. and abroad, the impact of the China-U.S. trade war, and more, what's an investor to think? Normally when the greenback gets this strong, something gives, and other currencies start to strengthen, observed Nicholas Colas, co-founder of DataTrek Research. The currency measure Colas prefers is called the Trade Weighted U.S. Dollar Index: Broad, Goods, and it's hovering around all-time highs — although data only goes back to the mid-1990s.

Alphabet's Wing begins making first commercial drone deliveries in the US

Alphabet -owned drone delivery spin-out Wing is starting to service U.S. customers, after becoming the first drone delivery company to get the federal go-ahead to do so earlier this year. Wing is working with FedEx Express and Walgreens on this pilot, and their first customers are Michael and Kelly Collver, who will get a "cough and cold pack," which includes Tylenol, cough drops, facial tissues, Emergen-C and bottled water (do people who have colds need bottled water?). The Collvers are receiving their package in Christianburg, Va., which is where Wing and Walgreens will run this inaugural pilot of the drone delivery service.

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  Forget the delivery truck. Walgreens is delivering aspirin, snacks via drone

  USA TODAY
• Drones drop packages on Virginia lawns in first-ever U.S. delivery

  Politico

Millennials are resorting to this questionable tactic to buy their first homes

Millennial home buyers are going to some troubling lengths to foot the bill for their first homes, according to a new survey. Millennials are more likely than their older counterparts to fund their down payment and closing costs by dipping into retirement savings (13%, versus 8% of Generation Xers and 7% of baby boomers), saving money by moving in with family or friends (14%, versus 5% of Gen Xers and 2% of boomers) or selling personal items (12%, versus 5% of Gen Xers and 2% of boomers), a recent Bankrate survey of 2,582 U.S. adults found.

Former Oracle co-CEO Mark Hurd has passed away

Mark Hurd, who until last month was one of two CEOs leading the database software giant Oracle, has passed away at age 62, one month after telling employees in a letter that he was taking a leave of absence owing to health reasons. Staffers, who were notified that Hurd died earlier this morning, have been offering their condolences on Twitter. Hurd joined Oracle nine years ago, after spending five years with Hewlett-Packard, where he was CEO, president and, ultimately, board chairman, all roles from which he was pressured to resign in 2010 after submitting inaccurate expense reports that concealed his personal relationship with an outside consultant to the company.

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  Mark Hurd: Silicon Valley’s Ultimate Salesman

  Bloomberg
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  Mark Hurd, with 'loquacious' style, brought Oracle into cloud era through sales revamp

  American City Business Journals

Facebook's Zuckerberg Says China 'Never Let Us In'

Facebook Inc. Chief Executive Officer Mark Zuckerberg discusses the social-media company's stance against the censored version of the internet found in China, and role of U.S.-based online companies in promoting free expression. Zuckerberg spoke to students at Georgetown University's Gaston Hall in Washington.

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.

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.

After Vowing to Cut Carbon, Utility Makes $2 Billion Gas Bet

The Detroit-based utility agreed to buy a gas-gathering system and pipeline in Louisiana for $2.25 billion in cash, according to a statement Friday. The acquisition, from Momentum Midstream and Indigo Natural Resources, will deepen DTE's existing gas network and boost its capacity to supply the Gulf Coast. The fact that DTE is pushing to cut emissions on one side of its business while doubling down on fossil fuel with the other underscores how utilities continue to see gas as core to their business even as they pledge to fight climate change.

Can Electric Vehicles Save Ford Stock?

It is building a network of 12,000 charging stations for it, and future electric vehicles. It will call its network FordPass. The new Mach E will have Mustang styling, a 300-mile range and a Tesla (NASDAQ:TSLA) price of about $40,000.

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  Can Ford Challenge Tesla with Its EV Charging Network?

  Market Realist
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  Is Ford's Charging Network a Headache for Tesla?

  Zacks

Dimon says money-market turmoil last month risks morphing into a crisis if Fed falters

JPMorgan Chase & Co CEO Jamie Dimon said Friday that the turmoil in the plumbing of the financial system last month may be precursor of a bigger crisis if the Federal Reserve doesn't learn from the experience. During a moderated discussion at the Institute for International Finance meeting in Washington, Dimon said problems in money markets, a crucial source of funding for Wall Street, was exacerbated due to regulations that currently tie up bank's extra cash parked at the Fed. As a result, Dimon said his firm, and other major money-center lenders, couldn't step in and sop up Treasury debt, in the so-called repo market at a key period.

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  JPMorgan's Dimon Says Libra Was a 'Neat Idea' That Will Never Happen

  Bloomberg
• JPMorgan's Jamie Dimon says controlling capitalist companies is socialism not social democracy, sets record straight

  Fox Business

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

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 Hawaii? Home values have been flat throughout Hawaii and are up 0.05% from a year ago. Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $616,600 , Zillow says.

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  Home Values Are Heating Up in Missouri

  MoneyWise
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  Is It the Politics? Home Values Decline in Washington, D.C.

  MoneyWise

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.