NEW YORK — The drop in a key interest rate to a 66-year low is a sign of one thing — fear. Traders don’t actually think a Treasury note paying 1.62 percent is a good investment. They just trust Uncle Sam to keep their money safe if Europe falls apart.
WASHINGTON — President Barack Obama paid tribute Monday to the men and women who have died defending America, pointing to Vietnam veterans as an under-appreciated and sometimes maligned group of war heroes who remained true to their nation despite an unwelcome homecoming.
NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs.
ATHENS, Greece — European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that. Greece says it, too, wants to stay in the eurozone, but until after elections it’s uncertain whether it can implement the austerity that Europe has set as a condition for doing so.
NEW YORK — A big final-hour comeback pulled the Dow Jones industrial average nearly back to where it started Wednesday.
PARIS — The 17-country eurozone risks falling into a “severe recession,” the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe’s central bank to act quickly to keep the slowdown from dragging down the global economy.
WASHINGTON — On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2 ½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.
CHICAGO — The NATO alliance that has fought for a decade in Afghanistan is helping that nation shift toward stability and peace, but there will be “hard days ahead,” President Barack Obama said Sunday as alliance leaders insisted the fighting coalition will remain effective despite France’s plans to yank combat troops out early.