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The United Auto Workers union says talks with General Motors have broken down and its members will strike Sunday night

DETROIT (AP) — The United Auto Workers union says talks with General Motors have broken down and its members will strike Sunday night.

  • Imagine Owning Affimed (NASDAQ:AFMD) And Wondering If The 35% Share Price Slide Is Justified
    Business
    Simply Wall St.

    Imagine Owning Affimed (NASDAQ:AFMD) And Wondering If The 35% Share Price Slide Is Justified

    The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Affimed N.V. (NASDAQ:AFMD), since the last five years saw the share price fall 35%. On top of that, the share price has dropped a further 21% in a month.

  • EU data watchdog raises concerns over Microsoft contracts with EU institutions
    World
    Reuters

    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
    Business
    Quartz

    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
    News
    MarketWatch

    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.

  • Companies Like Editas Medicine (NASDAQ:EDIT) Are In A Position To Invest In Growth
    Business
    Simply Wall St.

    Companies Like Editas Medicine (NASDAQ:EDIT) Are In A Position To Invest In Growth

    Given this risk, we thought we'd take a look at whether Editas Medicine (NASDAQ:EDIT) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

  • SAP CFO Mucic on Management Change, Strategy
    Business
    Bloomberg

    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.

  • Will the Dow Jones Crash by the end of 2019?
    Business
    Market Realist

    Will the Dow Jones Crash by the end of 2019?

    The Dow Jones Industrial Index (or DJIA) is trading just 2.2% below its all-time high. The Dow Jones Index is up 14.8% year-to-date and has gained over 50% in the last five years. In 2019, tech stocks like Apple (AAPL) and Microsoft (MSFT) have driven the index higher.

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

    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.

  • Is Conagra Brands (NYSE:CAG) Using Too Much Debt?
    Business
    Simply Wall St.

    Is Conagra Brands (NYSE:CAG) Using Too Much Debt?

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. The first step when considering a company's debt levels is to consider its cash and debt together.

  • Plant Protein Boom Gets Beyond Meat Supplier Thinking Bigger
    Business
    Bloomberg

    Plant Protein Boom Gets Beyond Meat Supplier Thinking Bigger

    France's Roquette Freres SA is exploring processing the beans as consumers increasingly turn toward plant-based meats as well as substitute proteins in sports nutrition drinks and other beverages, said Jean-Philippe Azoulay, the company's head of peas and new proteins. While the pulse market is tiny compared with crops like wheat and soy, demand is on the rise amid interest in plant-based proteins brought about by Beyond Meat Inc. and Impossible Foods Inc. For decades, vegetarians and vegans have been the main market for such proteins, but that's now changing as consumers seek to diversify diets and opt for more environmentally friendly options.

  • Dow Jones Futures: Stock Market Rally Hits Resistance; These 5 Top Stocks Are Near Buy Points
    Business
    Investor's Business Daily

    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.

  • 3 Monster Growth Stocks That Will Keep Soaring in 2020
    Business
    TipRanks

    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.

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

    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.

  • Michigan Farmers Suffered a Massive Apple and Pumpkin Heist, Losing Thousands of Dollars in Produce
    News
    Time

    Michigan Farmers Suffered a Massive Apple and Pumpkin Heist, Losing Thousands of Dollars in Produce

    Michigan farmers were the victims of pumpkin and apple heist earlier this month. In the span of just one week in early October, two farms lost thousands of dollars in produce and law enforcement are surprised by just how much has been stolen. In early October, thieves plucked and stole 180 bushels of apples — some “right off the trees” from Spicer Orchards, a Genesee County farm, The Detroit News reported.

  • Spain protest sends sheep into Madrid streets
    World
    Associated Press Videos

    Spain protest sends sheep into Madrid streets

    Hundreds of sheep filled the streets of Madrid on Sunday as part of an annual protest to call for the protection of ancient grazing routes threatened by urbanization. Oct.

  • Earnings: XLNX and TXN Stocks in Focus This Week
    Business
    Market Realist

    Earnings: XLNX and TXN Stocks in Focus This Week

    The earnings season began on a mixed note for the semiconductor sector. Micron Technology (MU) reported weaker EPS (earnings per share) guidance for the November 2019 quarter on September 26, which shrunk the stock. On October 17, the world's largest foundry, Taiwan Semiconductor Manufacturing Company Limited (TSM), reported earnings and guidance beat on the back of strong demand for its 7nm (nanometer) process node.

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

    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.

  • Amazon Week 3 Highlights: Prices Get Close to $1,800
    Business
    Market Realist

    Amazon Week 3 Highlights: Prices Get Close to $1,800

    During the third week of October, Amazon Inc. (AMZN) stock was on a rebound. From October 14 to October 18, Amazon stock almost hit the $1,800 mark. Amazon will release its third-quarter 2019 results on October 24.

  • Hedge Funds Have Never Been This Bullish On VICI Properties Inc. (VICI)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On VICI Properties Inc. (VICI)

    Is VICI Properties Inc. NYSE:VICI) going to take off soon? Hedge funds are becoming more confident.

  • Pound, FTSE 100 steady after Brexit-vote delay
    World
    MarketWatch

    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.

  • 2 Big-Name Stocks You Should Consider Shorting This Week
    Business
    TheStreet.com

    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.

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

    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
    Business
    Investopedia

    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.

  • Is There An Opportunity With AstraZeneca PLC's (LON:AZN) 31% Undervaluation?
    Business
    Simply Wall St.

    Is There An Opportunity With AstraZeneca PLC's (LON:AZN) 31% Undervaluation?

    Today we will run through one way of estimating the intrinsic value of AstraZeneca PLC (LON:AZN) by taking the expected future cash flows and discounting them to their present value. This is done using the Discounted Cash Flow (DCF) model. We generally believe that a company's value is the present value of all of the cash it will generate in the future.

  • 5 Stocks Set to Lead Longterm as Fed Rate Cuts Deepen
    Business
    Investopedia

    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.