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Greek Crisis Could Affect U.S.

The financial crisis in Greece has upended the lives — and livelihoods — of residents of the Mediterranean nation. The shutdown of the banking system has resulted in long lines at ATMs to withdraw a daily maximum of just 60 euros, about $67. Citizens have stockpiled food and fuel, leading to empty shelves at grocery stores and crowded gas stations. Business leaders have warned that shortages of crucial medicines could be next. It is...

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Stocks Slip on Jobs , Greek Fears

New York — Stocks ended a short and tumultuous trading week with slight losses on Thursday as investors sought safety ahead of an extended holiday weekend. Investors bought at the opening of trading after a Labor Department report on job creation suggested the economy was improving, though not so fast as to raise the specter of inflation and higher interest rates. But the gains vanished after a downbeat report from the International...

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Europe Urges Greece Remain in Eurozone
Jun30

Europe Urges Greece Remain in Eurozone

Athens, Greece — Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a referendum that could determine whether the country has to ditch the euro currency and return to the drachma. Greek Prime Minister Alexis Tsipras was defiant, urging voters to reject creditors’ demands, insisting a “No” vote in Sunday’s...

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Stocks End Lower as Greece Deadline Looms

New York — Stocks had a mixed day Friday, as investors waited for negotiators to finish their work on a solution to Greece’s debt problems. Chinese stocks plunged 7 percent as fears spread that a yearlong bull rally there has become overheated. China’s benchmark index is still up more than double over the past year. The Dow Jones industrial average added 56.32 points, or 0.3 percent, to 17,946.68. It was largely lifted by Nike, which...

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