Stocks tumble as Americans brace for new unemployment figures
As European nations in the Iberian Peninsula fall deeper into debt, the U.S. markets came tumbling down on Thursday, with the Dow Jones Industrial Average closing just above 10,000 points. All this comes hours before new jobless numbers are released.
We talk with Marcus Mabry, international business editor for our partner The New York Times and Dan Gross, senior editor and finance expert at Newsweek. They explain what this week’s bad economic news can tell us about the ongoing recession.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. If you’ve been thinking about making a donation, this is the best time to do it. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. All donations between now and June 30 will be matched 2:1. Will you help keep our newsroom on strong footing by giving to The World?