Companies lose billions buying back their own stock

If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what's going on inside businesses than anyone else: ...


Cramer: Extreme valuations point to a recession

Jim Cramer found two groups of stocks with wild valuations that could both be forecasting the same future.


The big banks will break themselves up before Bernie Sanders ever gets to it

Shareholders are getting tired of huge banks with weak returns.


Asia stocks drop as bank concerns smoulder, yen stands tall

Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar. Spreadbetters expected the pessimism to carry over into Europe, forecasting a slightly lower open for Britain's FTSE (.FTSE), Germany's DAX (.GDAXI) and France's CAC (.FCHI). Japan's Nikkei (.N225), which tumbled more than 5 percent Tuesday, suffered another bruising session and slid to a 16-month low.


Obama proposes $4.1 trillion spending plan in final White House budget

U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities. Obama, a Democrat who leaves office next January, sought to outline his fiscal and political vision for the country with proposed investments in infrastructure, cyber security, education, and job growth.


Twitter results need to wow to reassure investors

Twitter's shares have lost more than two-thirds of their value in the past 12 months. "I think the problem is that in the current market any sign of a weak outlook will be quite harshly punished," Atlantic Equities analyst James Cordwell said. Investors want to see Chief Executive Jack Dorsey's strategy to reignite growth in user numbers.


Yellen faces tough sell on Fed rate hikes in Congress

WASHINGTON/SAN FRANCISCO (Reuters) - Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is ready for higher rates, will point to continued strong jobs growth even as financial markets have all but priced out any rate hikes this year and as signs of stress in the global financial system have re-emerged amid volatile markets. The Fed Chair also is likely to find herself in heated exchanges with lawmakers over the bank's perceived secrecy, with presidential candidates from both sides of the aisle now taking regular shots at the Fed on the campaign trail.


Oil prices rebound from sharp selloff; more volatility expected

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities. Prices were supported by comments from Iran's oil minister that Tehran is ready to negotiate with Saudi Arabia over the current conditions in global oil markets. The International Energy Agency (IEA), meanwhile, said the Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut a deal with other producers to reduce ballooning output.


ESPN casts shadow over 'Star Wars' success at Disney

Investors nervous about the future prospects for Disney and other older media companies sent its shares down 3.5 percent to $89.21 in after-hours trading. The media networks unit that includes ESPN, the Disney Channels and ABC recorded a 5.6 percent decline in operating income to $1.41 billion. Disney Chief Executive Bob Iger offered a spirited defense of ESPN on a conference call, describing an "uptick" in customers in the last couple months.


Nomura CEO aims to finally crack U.S. with shift to M&A advisory

Nomura Holdings Inc plans a shift in focus in the United States toward client-oriented services from market-based trading, the chief executive said, in its latest attempt to establish a profitable business in a major overseas economy. Japan's biggest investment bank will move resources into areas such as mergers-and-acquisition (M&A) advisory, Koji Nagai said in an interview. The approach would differ from his predecessors, whose emphasis on securities in the U.S. and Europe ended in heavy losses.

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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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