Recessions and depressions

September 06, 2019 - 1:38 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion." Powell gave an upbeat view of the U.S...
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FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
September 06, 2019 - 2:12 am
BERLIN (AP) — German industrial production declined for a second consecutive month in July in the latest sign that Europe's biggest economy is headed for a recession in the current quarter. The Economy Ministry said Friday production was 0.6% lower than the previous month, following a 1.1% drop in...
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Christine Lagarde, director of the International Monetary Fund, delivers a speech after awarding German chancellor Angela Merkel with a honorary doctorate certificate during the graduation ceremony of the HHL Leipzig Graduate School of Management in Leipzig, Germany, Saturday, Aug. 31, 2019. By awarding the honorary doctorate HHL recognizes the Chancellor's accomplishments in leadership. (AP Photo/Jens Meyer)
September 04, 2019 - 2:30 am
FRANKFURT, Germany (AP) — The nominee to succeed Mario Draghi as head of the European Central Bank has defended the bank's record low interest rates and extraordinary stimulus measures deployed in the wake of the Great Recession and eurozone debt crisis. Christine Lagarde said during a hearing...
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FILE - In this Aug. 23, 2019, file photo trader Peter Mancuso works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 30. (AP Photo/Richard Drew, File)
August 30, 2019 - 7:21 am
Stocks climbed broadly on Wall Street in early trading Friday as the market extended a recent rally and closed in on a big weekly gain after four straight weeks of losses. Despite marching higher most of this week, the market is on track to finish August with a loss. That would be only the second...
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Two people steer their paddle boards over the river Main with the buildings of the banking district in background in Frankfurt, Germany, late Tuesday, Aug. 27, 2019. (AP Photo/Michael Probst)
August 30, 2019 - 2:34 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was stuck at a low annual rate of 1% in August, potentially bolstering the argument for the European Central Bank to provide more stimulus to the economy when it meets next month. Statistics agency Eurostat said Friday that the inflation rate was...
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FILE - In this Aug. 21, 2019, file photo trader Jeffrey Vazquez works on the floor of the New York Stock Exchange. On Thursday, Aug. 29, stocks are opening higher on Wall Street as investors hope that new talks set for September can result in progress in resolving the U.S.-China trade dispute. (AP Photo/Richard Drew, File)
August 29, 2019 - 11:55 am
Stocks marched broadly higher in afternoon trading on Wall Street Thursday, driving the Dow Jones Industrial Average to a gain of more than 300 points. Investors holding out fresh hope that new talks between the U.S. and China set for September can lead to progress in the nations' ongoing trade war...
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A pedestrian passes Britain's Houses of Parliament on the bank of The River Thames in London, Thursday, Aug. 29, 2019. Jacob Rees-Mogg, The leader of the British House of Commons has defended Prime Minister Boris Johnson's move to suspend parlliament, a move that gives his political opponents less time to block a no-deal Brexit before the October 31 withdrawal deadline. (AP Photo/Kirsty Wigglesworth)
August 29, 2019 - 5:02 am
LONDON (AP) — Europe's Brexit drama is hurtling toward a new climax at the wrong time for the region's economy, threatening to sow chaos for businesses just as a large part of the continent is sliding toward recession. British Prime Minister Boris Johnson's move to suspend Parliament for weeks...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Aug. 29, 2019. Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. (AP Photo/Eugene Hoshiko)
August 28, 2019 - 10:52 pm
BEIJING (AP) — Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. Market benchmarks in Shanghai, Tokyo and Seoul declined. Hong Kong was little-changed. Investors were looking for news about the outlook for U.S.-Chinese trade...
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FILE - In this Aug. 21, 2019, file photo specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 28. (AP Photo/Richard Drew, File)
August 28, 2019 - 7:30 am
Stocks are mostly higher in early trading on Wall Street Wednesday as gains in health care and other sectors outweighed losses in technology companies. Investors continued to shift money into U.S. government bonds, driving long-term bond yields further below short-term ones. The so-called inversion...
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A currency trader watches computer monitors near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Aug. 28, 2019. Asian stocks were mixed Wednesday as uneasy investors watched for signs of progress on U.S.-China trade after Wall Street slid. (AP Photo/Lee Jin-man)
August 27, 2019 - 10:48 pm
BEIJING (AP) — Asian stocks were mixed Wednesday as uneasy investors watched for signs of progress on U.S.-China trade after Wall Street slid. Shanghai retreated, Tokyo advanced and Hong Kong was unchanged. Investors who worry the U.S.-Chinese tariff war will drag the global economy into recession...
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