GOLDEN VALLEY, Minn. — The discouraging new unemployment numbers present President Barack Obama with a sobering reminder that an uneven recovery from the recession can be a fragile argument for his re-election. It’s all deepening his anxiety over the political and economic threat posed by the European debt crisis.
MIRANDOLA, Italy — A powerful earthquake killed at least 15 people and left 200 injured Tuesday as it rocked a swath of northern Italy. Factories, warehouses and churches collapsed, dealing a second blow to a region where thousands are still homeless from another temblor just nine days ago.
BEIRUT — The U.N.’s human rights office said Tuesday that most of the 108 victims of a massacre in Syria last week were shot at close range, some of them women, children and entire families gunned down in their own homes.
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 — More than two dozen world leaders will join President Barack Obama in an extraordinary weekend of back-to-back summits to tackle Europe’s mounting economic woes and solidify plans for winding down the decade-long war in Afghanistan.
JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
Fear of European debt is once again playing havoc with Wall Street.