Wall Street hammered, Dow down more than 300 points

The Dow Jones Industrial Average ended Thursday down 1.87%, at 316.80 points in the red. The drop wiped out all but a tiny fraction of the major average’s gains for 2014, and put an end to a five-month winning streak for stocks.


Action camera maker GoPro reports bigger loss as costs double

GoPro shares fell 9.3 percent to $43.50 in extended trading. The net loss attributable to GoPro stockholders widened to $19.8 million in the second quarter from $5 million a year earlier, in the company's first quarterly results after its debut on the Nasdaq last month. Videos taken using the company's wearable cameras have made a big splash on the Internet. Up to Thursday's close, GoPro shares had doubled to $46.32 from its IPO price.


LinkedIn forecasts strong quarter, driven by hiring business

Corporate networking site LinkedIn Corp forecast better-than-expected adjusted profit and revenue in the current quarter, helped by a rapid rise in its hiring business. Shares of the company rose as much ...


Consumer Staples Just Got Destroyed




Target may have bigger problems than its CEO

Target is getting a new CEO but is that enough to get the stock going?


Ackman says ‘my bad’ on Herbalife presentation

Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (HLF) presentation last week: "My bad." Investors may have missed the point because the event was long and overhyped, Ackman said in an interview.


S&P 500 posts worst day since April; indexes down for month

The S&P 500 posted its worst daily decline since April and first monthly drop since January on Thursday as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some have expected. Data showing that U.S. labor costs recorded their biggest gain in more than 5-1/2 years in the second quarter came a day after the Fed upgraded its assessment of the U.S. economy while reiterating it was in no hurry to raise rates.


Tesla posts $61.9 million loss as second-quarter sales climb

Tesla Motors Inc, the California-based maker of luxury electric cars, said Thursday it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. The automaker has been spending heavily to update and expand its Fremont assembly plant, which builds the $70,000-plus Model S sedan, and eliminate production bottlenecks.


U.S. wage growth picking up as labor market tightens

Though economists cautioned against reading too much into the rise in the employment cost index, they said a tightening jobs market suggested wage growth would soon accelerate significantly. Most members of the Federal Reserve appear to believe it will be a lot later and not very rapidly but I am not that sure," said Joel Naroff, chief economist at Naroff Economics Advisors in Holland, Pennsylvania. The Employment Cost Index, the broadest measure of labor costs, rose 0.7 percent. It is one of Fed Chair Janet Yellen's favorite labor market gauges and is being closely watched for clues on the timing of the first interest rate increase from the U.S. central bank.


What it takes to get a good manufacturing job now

The biggest requirements are surprisingly simple--yet many don't qualify.

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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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