Recessions and depressions

August 14, 2019 - 1:21 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. The yield on the 10-year Treasury briefly dropped below...
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FILE - In this Tuesday, Aug. 13, 2019, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The threat of a recession doesn’t seem so remote anymore, and stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy’s health. (AP Photo/Richard Drew, File)
August 14, 2019 - 7:19 am
NEW YORK (AP) — Stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy. The yield on the 10-year Treasury briefly dropped below the two-year Treasury's yield Wednesday morning. It's rare for short-term yields to rise above longer-term ones, and...
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FILE - In this July 30, 2019 file photo, trader Gregory Rowe works on the floor of the New York Stock Exchange. An economic alarm bell is sounding in the U.S. and sending warnings of a potential recession. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, Aug. 14, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. (AP Photo/Richard Drew)
August 14, 2019 - 6:48 am
NEW YORK (AP) — An economic alarm bell has sounded in the U.S., sending warning signs of a possible recession ahead. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, a market phenomenon that shows investors want more in return for short-term government bonds than they are for...
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FILE - In this March 6, 2019, file photo a staff member works on a mobile phone production line during a media tour in Huawei factory in Dongguan, China's Guangdong province. Huawei Technologies Co. is one of the world's biggest supplier of telecommunications equipment. The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. (AP Photo/Kin Cheung, File)
August 13, 2019 - 1:38 pm
WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the...
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Italian Interior Minister and Deputy-Premier Matteo Salvini is applauded by The League party's lawmakers as he addresses the Senate in Rome, Tuesday, Aug. 13, 2019. Italy’s political leaders scrambled to line up allies and form alliances Tuesday as the country’s right-wing interior minister pressed his demands for an early election in the hope of snagging the premiership as a platform for his anti-migrant, euroskeptic agenda. Senators hastily summoned back from a vacation break convened for a vote on scheduling their consideration of a no-confidence motion lodged by Matteo Salvini’s League party against Premier Giuseppe Conte’s 14-month-old populist government. (AP Photo/Alberto Pellaschiar)
August 13, 2019 - 11:56 am
ROME (AP) — Italy's political leaders scrambled to line up allies and form alliances Tuesday as the country's right-wing interior minister pressed his demands for an early election in hopes of snagging the premiership as a platform for his anti-migrant, euroskeptic agenda. Senators were hastily...
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Trader Joe Dente, center, and specialist Mark Fitzgerald work on the floor of the New York Stock Exchange, Tuesday, Aug. 13, 2019. Stocks shook off an early stumble and edged higher on Wall Street led by gains in technology and health care companies. (AP Photo/Richard Drew)
August 13, 2019 - 9:02 am
NEW YORK (AP) — And back up goes the stock market. Stocks tore higher Tuesday, continuing their roller-coaster ways, after the latest turn in the U.S.-China trade war flipped investors back to buying mode. This time, it was the United States saying it would hold off on tariffs of Chinese imports of...
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Democratic presidential candidate Pete Buttigieg speaks to supporters during a rally in Las Vegas, NV, Friday, Aug. 2, 2019. (Wade Vandervort/Las Vegas Sun via AP)
August 02, 2019 - 9:49 pm
LAS VEGAS (AP) — Nineteen Democrats hoping to be the next president are in Nevada Saturday to win support from labor unions that hold sway in the state that will cast the first votes in the West in next year's primary. Candidates including former Vice President Joe Biden and Sens. Bernie Sanders,...
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FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, 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 Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 02, 2019 - 9:18 am
NEW YORK (AP) — Financial markets around the world buckled Friday, and the S&P 500 was on track to close out its worst week of the year following President Donald Trump's latest escalation in his trade war with China. China struck back and said Friday it will take "necessary countermeasures" if...
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August 01, 2019 - 4:19 am
LONDON (AP) — Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday. The bank's nine monetary policymakers unanimously decided to keep...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 9:56 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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