Financial crisis

FILE - In this Jan. 30, 2018 file photo, a job applicant talks with company representatives at a JobNewsUSA job fair in Miami Lakes, Fla. Jobs report on Friday, Dec. 7, for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade war could escalate and weaken a U.S. economy already facing higher interest rates and slowing global growth. (AP Photo/Lynne Sladky, File)
December 07, 2018 - 12:40 pm
WASHINGTON (AP) — U.S. businesses added a smaller but still-healthy number of jobs last month, while the unemployment rate remained at a five-decade low and wages rose at a solid clip. The figures, released Friday by the Labor Department, point to an economy that is still adding jobs at a steady...
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Gregory P. Winter, 2018 Nobel laureate in Chemistry, left, and Professor George P. Smith, 2018 Nobel laureate in Chemistry take part in a press conference at the Royal Academy of Science in Stockholm, Sweden, Friday Dec. 7, 2018. (Claudio Bresciani/TT via AP)
December 07, 2018 - 7:32 am
STOCKHOLM (AP) — A winner of this year's Nobel Prize for Economics who advocates carbon taxes as the best way to address greenhouse gas emissions says he does not expect U.S. President Donald Trump to back his view. William Nordhaus's comments to The Associated Press on Friday followed Trump's...
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Russian President Vladimir Putin, right, shakes hands with his Venezuelan counterpart Nicolas Maduro during their meeting at the Novo-Ogaryovo residence outside in Moscow, Russia, Wednesday, Dec. 5, 2018. (Maxim Shemetov/Pool Photo via AP)
December 05, 2018 - 8:02 am
MOSCOW (AP) — Russian President Vladimir Putin has voiced his support for Venezuelan leader Nicolas Maduro who is visiting Moscow amid a spiraling economic crisis in his country. Maduro has become increasingly isolated in the world under growing sanctions led by the U.S. and the European Union...
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Treasury Secretary Steve Mnuchin talks with reporters about trade negotiations with China, at the White House, Monday, Dec. 3, 2018, in Washington. (AP Photo/Evan Vucci)
December 04, 2018 - 7:48 pm
WASHINGTON (AP) — The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a broad stock market plunge and intensifying fears of a global economic slowdown. Investors had initially welcomed the truce that the administration said was...
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FILE - In a Thursday, Nov. 29, 2018 file photo, Federal Reserve Chairman Jerome Powell addresses the Federal Reserve Board's 15th annual College Fed Challenge Finals in Washington. Powell said Monday, Dec. 3, 2018 that Powell says that despite solid economic progress, the country still faces a number of challenges including slow wage-growth for lower-income workers to sluggish productivity and an aging population. (AP Photo/Cliff Owen, File)
December 03, 2018 - 8:41 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Monday that despite solid economic progress, the country still faces a number of challenges ranging from slow wage-growth for lower-income workers to sluggish productivity and an aging population. Powell said in remarks at a Fed award...
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A Pakistani money changer counts US dollar bills in Islamabad, Pakistan, Friday, Nov. 30, 2018. Pakistan's currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund. The Pakistani rupee was trading at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business the previous day. (AP Photo/B.K. Bangash)
November 30, 2018 - 7:27 am
ISLAMABAD (AP) — Pakistan's currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund. The Pakistani rupee traded at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business...
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FILE - In this July 29, 2015 file photo, the Puerto Rican flag flies in front of Puerto Rico's Capitol as in San Juan, Puerto Rico. The U.S. territory said Thursday, Nov. 29, 2018, that it has completed its first debt-restructuring deal since the government announced it was bankrupt more than three years ago, giving creditors overall $550 in new bonds for each $1,000 they had held. (AP Photo/Ricardo Arduengo, File)
November 29, 2018 - 5:15 pm
SAN JUAN, Puerto Rico (AP) — The U.S. territory of Puerto Rico said Thursday that it has completed its first debt-restructuring deal since the government announced it was bankrupt more than three years ago, giving creditors overall $550 in new bonds for each $1,000 they had held. The agreement was...
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Protestors take part in a demonstration in Harare, Thursday, Nov. 29, 2018. Zimbabweans are gathering for a nationwide protest over the country's economic collapse and what the opposition calls the new government's "cocktail of lies." (AP Photo/Tsvangirayi Mukwazhi)
November 29, 2018 - 9:05 am
HARARE, Zimbabwe (AP) — Thousands of exasperated Zimbabweans gathered Thursday in a nationwide protest over the country's economic collapse and what the opposition calls the new government's "cocktail of lies." Some cheered the protesters from kilometers-long lines at gas stations that still have...
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Governor of the Bank of England Mark Carney hosts a Financial Stability Report press conference at the Bank of England in central London, Wednesday Nov. 28, 2018. (Daniel Leal-Olivas / Pool via AP)
November 28, 2018 - 1:10 pm
LONDON (AP) — Leaving the European Union without a divorce deal could plunge Britain into its deepest recession in nearly a century, with the economy shrinking 8 percent within months as unemployment and inflation soar, the Bank of England warned Wednesday. The stark projection came the same day...
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November 28, 2018 - 10:32 am
WASHINGTON (AP) — The Federal Reserve is signaling potentially vulnerable spots in the financial system, citing U.S. businesses' debt at the highest levels in more than two decades and risky debt growing. The Fed's report issued Wednesday was its first assessing the stability of the U.S. financial...
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