Workers showed their disapproval of the provisional austerity measures agreed upon by Greek leaders yesterday by walking out on their jobs for the second time this week, while Europe's economic "troika" sent Thursday's deal back to the drawing board.
After all-night meetings and a process riddled with delays and political posturing, Greek leaders have hammered out an austerity agreement to avoid default just in time for an EU meeting Thursday.
After yesterday's meeting was postponed, Greek party leaders were supposed to meet today to agree on a plan to avoid default, but it looks like a missing translation of the agreement is what's holding the crucial meeting up.
Startling analysts, U.S. stocks soared today, the first day of trading for 2012, with the Dow jumping 180 points and the S&P 500 up 1.5 percent.
It took 18 years to do it but Russia was finally admitted to the World Trade Organization today, two decades after the fall of the Soviet Union.
The central banks of the U.S., Japan, England, Switzerland, Canada and the eurozone teamed up this morning to prop up the global economy and make it easier for banks to receive dollars when they need it.
As Europe's debt crisis rages on, a collection of financial experts and global institutions are warning European leaders that the Euro Zone could collapse if swift actions aren't taken.
Debt worries across Europe and the U.S. have triggered a broad sell-off on Wall Street today, gaining momentum well into the afternoon.
U.S. and European stocks are soaring following an agreement by European leaders to bolster Europe's bailout fund and accept big losses on Greek bonds but analysts are worried that the deal just leaves a time bomb ticking.
Announced layoffs jump 212 percent because of the two mega-employers
World stocks hit a 15-month low
U.S. stocks plunged this morning following the Fed's statement yesterday
This year's growth forecast lowered to 1.5 percent from 2.5 percent
Europe, Obama, Greece and the Fed blamed in Wall Street sell off
The Dow Jones and S&P drop around 2.5 percent at open
Says the country's fiscal outlook is stable and remains a "pivotal" player in the global financial system
Economic observers are relieved but unsatisfied with today's jobs report
The economy adds 117,000 jobs in July
Finance experts digest today's record plunge
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