For evidence of the volatile swings of Tuesday's stock market, consider that for a bit, Apple became the most valuable American company, surpassing Exxon Mobil. The day's trading spanned 600 points, as investors rallied from two days of steep declines and digested new guidance from the Federal Reserve.
The S&P 500 index of large-cap U.S. companies saw its largest gain in two years, rising by nearly 5 percent. Just the day before, it had fallen by 6.7 percent.
Thousands more police officers flooded London streets Tuesday in a bid to end Britain's worst rioting in a generation as nervous shopkeepers closed early and some residents stood guard to protect their neighborhoods. An eerie calm prevailed in the city, but unrest spread across central and northern England on a fourth night of violence driven by poor, diverse and brazen crowds of young people.
This week, Italy became the front-line in the battle to save the euro.
But it isn't the Italians taking the lead. With indecision in Rome, the European Central Bank took the unprecedented move of dictating budget-cutting policies to the third largest economy in the euro-zone.
Prime Minister Silvio Berlusconi will now have to accelerate tough austerity measures in exchange for help to solve the country's debt crisis.
A ceremonial bell tolled in Nagasaki, Japan, Tuesday morning, marking the beginning of a moment of silence to remember tens of thousands of people killed by an atomic bomb that fell from a U.S. plane 66 years ago. And for the first time, the ceremony was attended by a U.S. government official.
I knew we were in for a rough night here in Stoke Newington in the London Borough of Hackney when my wife called me at 5 p.m. from Sainsbury's, our local supermarket, to say she was in a lock down. They were shuttering the place and the police were telling her trouble had already started outside the Hackney Town Hall. The cops told her to go home and stay off the streets.