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Obama: Congress, Europe must stem economic crisis

  The economy at risk, President Barack Obama accused Republicans on Friday of pursuing policies that would weaken the U.S. recovery, and he simultaneously urged Europe’s leaders to prevent an overseas debt crisis from dragging down the rest of the world.   At a White House news conference five months before Election Day, the president… Continue Reading Obama: Congress, Europe must stem economic crisis

  The price of oil dipped below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe’s debt crisis and its potential impact on global growth.   Benchmark oil for June delivery rose 8 cents to $92.89 a barrel in midday trading on the New York Mercantile Exchange. The contract hit… Continue Reading Oil trades below $93 on euro crisis concern

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More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week. In the United States, there were reports that more people joined the unemployment line last week than a week earlier, gasoline… Continue Reading Here we go again: Stocks plunge on economic fear

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Stocks fell for a fourth day as concerns over a slowdown in China and talks about a bailout for Irish banks combined to push the Dow Jones industrial average to its lowest level in a month. Asian markets started a global sell-off after South Korea’s central bank raised interest rates to curb inflation. Shares also… Continue Reading Stocks fall amid fears of European debt, Asian slowdown

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