Asian stocks subdued on Ukraine caution, dollar firms vs yen

Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's Nikkei stock average rose 0.3 percent on the back of a weaker yen. Share markets in London, Paris and Frankfurt are closed for the Easter holiday.


Spanish banks face tough rivalry in small companies bet

Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin loans to businesses as the economy emerges from a prolonged slump and bond-trading income slumps. A fight to win over clients will likely squeeze the margins many hope to make from lending to small and medium-sized enterprises (SMEs), which are typically charged higher interest rates than larger, less risky businesses. "The big challenge will be that banks will be competing for the best SMEs, but we need to see lending to the rest of the economy in order for the banks to increase their recurrent revenues," said Rui Croca, analyst for European banks at ratings agency DBRS.


At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape

In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel "The Hitchhikers Guide to the Galaxy". During an online chat, Karpeles moved the equivalent of $170 million in bitcoin at today's market rates - the virtual equivalent of a bank manager flashing a wad of cash in a wallet to establish credit. The gesture - with a sly wink to the "geek" culture Karpeles believed he shared with many of his 50,000 customers at the time, including an interest in coding, Japanese manga comics and science fiction - succeeded. By moving 424,242 bitcoins, Karpeles, then 26, evoked the random number, 42, described as the "meaning of life" in Douglas Adams' sci-fi novel.


What economic recovery could look like for your family

Fed Chair Janet Yellen says the economy could be recovered by the end of 2016. What would that mean for your family's jobs, incomes and home values?


Even after the crash, Americans still love real estate best

Gallup's latest poll shows Americans see real estate as the best long-term investment, Yahoo Finance's Phil Pearlman on what it actually means


Shiller: Momentum may be changing in the housing market

Robert Shiller, Nobel prize-winning economist and co-founder of the S&P/Case-Shiller Home Price Index, offers his outlook on the housing market as the spring buying season gets underway.


NY attorney general seeks info from high-speed firm Virtu

High-speed trading firm Virtu Financial Inc, which has been pursuing an initial public offering, has received a letter of inquiry from the New York attorney general amid a wider probe of the industry, a person familiar with the matter said on Friday. News of the request by the office of New York Attorney General Eric Schneiderman came amid heightened attention to high-frequency trading following the publication of author Michael Lewis' book "Flash Boys: A Wall Street Revolt" last month. Schneiderman's office had earlier sent subpoenas to more than half a dozen high-speed trading firms including Tower Research Capital LLC, Chopper Trading LLC and Jump Trading LLC, a person familiar with the matter previously told Reuters. Federal agencies including the Justice Department, Securities and Exchange Commission and Commodity Futures Trading Commission have also said they had active probes into high-speed and automated trading.


Why 'cheap' stocks are for suckers

“Maybe it’s an ego trip or something, but people love the idea of owning 10,000 shares of a terrible $2 or $3 stock,” says trader Jonathan Hoenig.


Chobani to expand beyond top-selling Greek yogurt

Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category. Starting in July, the company plans to offer Chobani Oats, which is yogurt ...


Unemployment rates fall in 21 US states last month

More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery. The Labor Department said ...

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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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