Why the US won't have OPEC to kick around in 2016

U.S. elections have long featured a familiar whipping post. Thanks to the energy boom, however, it's one that may not play a role in 2016.

Apple is no bellwether for the market

It’s the biggest stock in the world, but don’t call it a bellwether. Apple is worth more than any company in history, at more than $750 billion.

Deflation? Oil's 45 pct rebound could be markets' next headache

Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. Since then, Brent crude futures have risen 45 percent. These measures have ranged from interest rate cuts to bond-buying "quantitative easing" programmes. All have been in response to the fall in inflation rates and inflation expectations driven by the 60 percent collapse in oil prices over the latter part of last year.

What’s really driving stocks to record highs

While all the focus has been on technology stocks, the real catalyst for all this is what's happening with the U.S. dollar.

Mylan rejects Teva offer, but leaves door open

"Our board will certainly not consider engaging in discussions to sell the company unless the starting point of the discussions is significantly in excess of $100 per share," Mylan said. Mylan shares fell 4 percent to $73.09 in early trading, while Teva's slipped about 3 percent to $24.65. Teva, the world's biggest maker of generic drugs, has offered $82 per share in cash and stock for Mylan. Last week, Mylan said it would take its $31 billion offer for Perrigo directly to shareholders, in what is set to be one of the most high-profile hostile takeover attempts of the year.

Clinton Foundation admits missteps in donor disclosure

The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential ...

'Real room to run' for Nasdaq: Analyst

Stocks soared to record highs with the Nasdaq closing last week at all-time highs. And according to one trader, the rally is just getting started.

Oil bears routed by spring thaw in prices

Speculators pulled bearish oil bets at the fastest pace on record as Saudi Arabia renewed strikes on Yemen and U.S. output slowed. Hedge funds reduced their short position in West Texas Intermediate crude by 32 percent in the seven days ended April 21, driving the net-long position to the highest since July, U.S. Commodity Futures Trading Commission data show. A 32 percent rally since March was also stoked by concern that the conflict in Yemen may disrupt traffic through the world’s fourth-busiest channel for shipping oil. WTI futures rose $1.97 to $55.26 a barrel on the New York Mercantile Exchange in the period covered by the CFTC report.

Corinthian Colleges to shut down all 28 remaining campuses

Corinthian Colleges will shut down all of its remaining 28 ground campuses, displacing about 16,000 students, less than two weeks after the U.S. Department of Education announced it was fining the for-profit ...

Deutsche Bank CEO eyes 'smaller, leaner' operation

Deutsche Bank announced a major overhaul in an effort to deliver savings Monday, which would cost a one-off $4 billion to achieve.

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ICM Lending is a loan lender specializing in reverse mortgage. While we represent individuals for reverse mortgages throughout California, many of our clients have Orange County real estate and Los Angeles real estate. If you are 62 years of age or older and are interested in learning more about a reverse mortgage and how it can help to supplement your monthly financial needs, please contact ICM Lending...

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