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.
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.
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.
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.