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Stock markets plunge on U.S. grim news
Stocks around the world continued to nosedive Tuesday, with the major exchanges posting sharp declines a day after grim U.S. economic news battered Wall Street. |
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Dow plunges on news recession began in Dec. 2007
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Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad economic reports — tanking nearly 680 points. With the economic pain likely to stretch well into 2009, Federal Reserve Chairman Ben Bernanke said Monday he stands ready to lower interest rates yet again and to explore ... |
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Oil falls to 3-year low on bleak US economic news
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Oil prices fell to a 3-year low below $48 a barrel Tuesday in Asia, as more bleak U.S. economic news and plunging stocks markets darkened investor expectations for crude demand. |
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