UNITED STATES

IBTimes Logo

Republican tax hardliners on U.S. debt super panel

Republicans named their six members on Wednesday to a U.S. congressional deficit-reduction super committee, including a favorite of the conservative Tea Party movement and other no-new-taxes hardliners.

Most Americans say U.S. on wrong track: pol

Rebecca Esquibel, 30, and Nathan Glidden, 29, and their one-month-old daughter Aliyah at a Bank of America mortgage modification outreach event in Los Angeles
Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said on Wednesday.

Banks drag Wall Street lower as fear returns

Traders work on the floor of the New York Stock Exchange
Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.
IBTimes Logo

Consumer confidence dips to new low: analyst

Consumer confidence fell sharply this month, touching its weakest level in over a year and signaling that recent volatility in financial markets has curbed the enthusiasm of higher-income shoppers, according to data released on Wednesday by Consumer Edge Research.
More news
IBTimes Logo

Signs point to California facing new budget gap

California's latest monthly revenue report shows revenue weaker than expected even before the stock market, a key source of revenue for the state, began sliding in response to Standard & Poor's downgrade of U.S. debt, anxiety about Europe's finances and the risk of the U.S. economy slipping back into recession.
IBTimes Logo

Cisco's Q4 beats Street view, focus on outlook

Cisco Systems Inc's quarterly results edged past Wall Street's scaled-back expectations as IT spending held up despite fears of a severe pullback, buoying its shares in extended trading.
IBTimes Logo

Gold set to widen premium over platinum

Gold is set to widen its premium over platinum after hitting parity for the first time in 2-1/2 years this week, with no end yet in sight to the potent cocktail of fear factors that are benefiting safe havens at the expense of cyclical assets.
IBTimes Logo

Gold Steadies Near Lifetime High, Econ Worries Linger

Gold held steady on Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.