UNITED STATES

IBTimes Logo

Veteran traders blast U.S. market structure at SEC

Traders clashed over the fragmentation and ultra high speed of today's U.S. equities marketplace on Wednesday, as one charged that more traditional orders are being gamed but another said that high-frequency traders are unfairly vilified.

Daily forex forecast 03/6/2010

IBTimes Logo
For the second time in nine months the Reserve Bank of Australia left rates unchanged at 4.5% as expected and the Aussie fell as the RBA signalled policy makers may keep borrowing costs steady as 'the effects of earlier expansionary policy measures will be diminishing.'

U.S. auto sales tick higher but caution persists

IBTimes Logo
U.S. auto sales rose about 19 percent in May, a rebound from depressed year-earlier levels that still leaves the industry sputtering at the lowest sales rate since the 1980s more than half a year into a grudging recovery.
IBTimes Logo

Pending home sales at 6-month high

Pending home sales hit a six-month high in April, data showed on Wednesday, but falling demand for home loans pointed to ebbing activity in the vital housing market due to the expiration of a popular tax credit for buyers.
More news
IBTimes Logo

FOREX - Yen drops on uncertainty after Japan PM resigns

The yen dropped on Wednesday as the resignation of Japanese Prime Minister Yukio Hatoyama raised concerns about the outlook for the currency, given that his likely successor has said in the past he wanted a weaker yen.
IBTimes Logo

AT&T to end unlimited use mobile data plan

AT&T Inc will stop offering an unlimited pricing plan for new subscribers to its mobile data services, in a move it says will cut prices for as many as 98 percent of its customers.
IBTimes Logo

Buffett put on defensive over credit raters

Billionaire investor Warren Buffett distanced himself from embattled credit rating agencies, saying they have lost some of their investment appeal amid criticism of their role in fueling the financial crisis.
IBTimes Logo

Snag slows BP bid to curb spill

BP Plc hit a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick threatened Florida.
IBTimes Logo

Ford says May U.S. sales up 22 percent

Ford Motor Co said on Wednesday its U.S. sales rose 22 percent in May for all of its brands from a year earlier and increased its second-quarter North American production plan by 15,000 vehicles.
IBTimes Logo

BP tries again to curb oil spill

BP Plc hit a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick reached neighboring states.
IBTimes Logo

Pending home sales race to 6-month high

Pending home sales hit a six-month high in April but falling demand for home loans pointed to ebbing activity in the vital housing market with the expiration of a popular tax credit for buyers.
IBTimes Logo

World cotton stocks situation tight in 2010-11

Global cotton ending stocks are falling by an estimated 18% this season (2009/10), to 10.5 million tons, the smallest level in six years: cotton production is declining while mill use is rebounding. In 2010/11, global cotton production is projected to rise to 24.9 million tons, but mill use is expected to continue its recovery, so ending stocks will increase only slightly to 10.6 million tons, according to an assessment by International Cotton Advisory Committee.
IBTimes Logo

Oil volatility and delay in solving Europe debt crisis

The slow progress by the European Central Bank in stabilising European debt crisis has led to serious risk of jeopardizing the economic recovery by limiting consumer and corporate credit availability. Crude oil and refined products have not seen the same increase in implied volatilities as those seen in US and European equities may be due to anticipatory nature of equities to oil, according to an analysis by Bank of America-Merrill Lynch.
IBTimes Logo

Real estate, CDs not comparable to gold: NIA

Investments in certificates of deposit (CDs) and real estate are not comparable to gold which is the most stable asset the world has ever seen, according to National Inflation Association of USA (NIA). Responding to investment advice by Dave Ramsey and others in mainstream media on the advantages of investing in CDs and real estate, NIA said that while on the surface, U.S. dollars appear to be 'safe haven' because they have a number on them that always stays the same. U.S. dollars are actually t...

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.