UNITED STATES

U.S. Debt Deal: With Super Committee Seats Filled, Hard Work Begins

At Issue: U.S. Deficit Reduction
House Minority Leader Nancy Pelosi, D-Calif., rounded out the super committee by announcing her three House Democratic members for the special bipartisan board. Now the tough work begins: reducing the deficit by at least another $1.5 trillion over 10 years, and as far as the financial markets are concerned, the sooner the reduction is announced, the better.

Riots, wild markets: Did space storms drive us mad?

Handout image of Aurora Australis Observed from the International Space Station
Rollercoaster financial markets and the worst riots Britain has seen in decades have made it quite a week for a time of year that is usually so dead the newspapers are filled with "silly season" tales of amusing pet antics.
More news
U.S. Republican presidential candidate Tim Pawlenty speaks beside Michele Bachmann during the Republican presidential debate in Ames

Bachmann, Pawlenty Spar in Iowa Debate

Thursday night's Republican debate featured sparring between Michele Bachmann and Tim Pawlenty. It was a classic case of "anything you can do, I can do better," but, actually, it was more like "whatever your record is, mine is obviously better."
IBTimes Logo

Gold Extends Dip from Record as Risk Appetite Firms

Gold prices fell on Friday, extending the previous session's retreat from record highs as fresh strength in equity markets and gains in the euro versus the safe-haven Swiss franc pointed to sharper appetite for risk.
IBTimes Logo

Instant View: consumer sentiment slumps

Consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, according to the Thomson Reuters/University of Michigan's preliminary reading.
IBTimes Logo

Consumer sentiment tumbles to historic low

Consumer sentiment dropped to its lowest point in more than three decades in early August, as fears of a stalled recovery gelled with despair over government policies, a survey released on Friday showed.
IBTimes Logo

Wall St rises for second day

Stocks rose on Friday, extending the previous session's sharp rise as data showed retail sales posted their biggest gain since March.
IBTimes Logo

Analysis: China costs start to worry U.S. multinationals

For years, low prices on China-sourced goods helped dampen inflation in the United States. Now China's efforts to boost domestic consumer spending, reducing reliance on exports, are leading to higher costs for multinationals that manufacture goods there.
U.S. Stock Market

U.S. Stock Market: After a Wild Week, What?s Next?

After a week of gyrations that's seen the Dow Jones Industrial Average rise or fall 400 points for four straight days, it's understandable if U.S. investors are bewildered. Given the tumult, what stance should investors adopt now?
IBTimes Logo

Short-Selling Ban Spurs Tentative Recovery

European stock markets rallied on Friday as a ban on the short-selling of financial shares tempted investors back into the battered banking sector, although concerns over the health of French banks kept the mood edgy and trading remained volatile.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.