Recessions and depressions

February 17, 2020 - 1:53 pm
Owen Bieber, who led the United Auto Workers union from the auto industry's dark days of the early 1980s to the prosperity of the mid-1990s, has died. He was 90. Neither as charismatic as his predecessor, Douglas Fraser, nor as confrontational as his successor, Stephen Yokich, the low-key Bieber...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 14, 2020 - 10:59 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
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File---Picture taken October 4, 2017 shows containers on a cargo ship in Hamburg, Germany. (Axel Heimken/dpa via AP)
February 14, 2020 - 6:40 am
FRANKFURT, Germany (AP) — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell, official figures showed Friday. The flat reading underlines the challenge facing the broader eurozone economy as it struggles against...
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FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair designed for people fifty years or older in Miami. On Tuesday, Feb. 11, 2020, the Labor Department reports on job openings and labor turnover for December. (AP Photo/Lynne Sladky, File)
AP Newsroom
February 11, 2020 - 10:38 am
WASHINGTON (AP) — U.S. businesses sharply cut the number of open jobs in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. The number of available positions dropped 5.4% to 6.4 million, a historically solid number that exceeds the number of...
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FILE - In this Aug. 21, 2019 file photo, Puerto Rico's Governor Wanda Vazquez holds a press conference to announce new administrative appointments at the governor's official residence La Fortaleza in San Juan, Puerto Rico. Puerto Rico's fragile economy is facing an uncertain future after Vazquez rejected on Sunday, Feb. 9, 2020, a settlement announced late Sunday with bondholders that would reduce the U.S. territory's public debt by 70%. (AP Photo/Carlos Giusti)
February 10, 2020 - 12:05 am
SAN JUAN, Puerto Rico (AP) — Puerto Rico's fragile economy is facing an uncertain future after the island's governor rejected a settlement announced late Sunday with bondholders that would reduce the U.S. territory's public debt by 70%. The settlement is the biggest one to date since the island's...
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Stock trader Frank Masiello works at the New York Stock Exchange, Tuesday, Feb. 4, 2020. Stocks are opening broadly higher on Wall Street, following gains overseas. (AP Photo/Mark Lennihan)
February 04, 2020 - 1:53 pm
NEW YORK (AP) — Technology companies and banks led a broad rally for U.S. stocks in afternoon trading Tuesday following solid gains overseas as China took more steps to soften the financial impact of the virus outbreak. Apple and Microsoft were among the standouts. Like other major tech companies,...
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Jennifer Lopez and daughter Emme Maribel Muniz perform during halftime of the NFL Super Bowl 54 football game Sunday, Feb. 2, 2020, in Miami Gardens, Fla. (AP Photo/Charlie Riedel)
AP Newsroom
February 03, 2020 - 6:26 pm
SAN JUAN (AP) — The screams echoed across Puerto Rico when Jennifer Lopez unfurled a feather cape representing the flag of the U.S. territory during the Super Bowl’s halftime show, a moment that many were still replaying and sharing on Monday. The move came at a trying time for those on the island...
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FILE - The front of the New York Stock Exchange is shown in this Jan. 31, 2020, file photo. Stocks are opening solidly higher on Wall Street as the market finds its footing after two weeks of losses amid uncertainty over the virus outbreak that began in China. (AP Photo/Mark Lennihan, File)
AP Newsroom
February 03, 2020 - 4:39 pm
NEW YORK (AP) — Stocks rose in much of the world Monday and recovered some of their losses from earlier weeks, but markets are still far from giving the all-clear on the virus that has spread to more than 20 countries and infected more than 17,000 people. Chinese stocks tumbled nearly 8% after...
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People wear protective face masks on a street corner in Hong Kong, Monday, Feb. 3, 2020. In Hong Kong, thousands of health care workers were threatening to go on strike Tuesday unless the government agrees to talks before a 6 p.m. Monday deadline. Hong Kong has recorded 14 cases of the virus and has cut flights and train and bus connections to the mainland, but a push is growing for the semi-autonomous Chinese city to close the border completely. (AP Photo/Vincent Yu)
February 03, 2020 - 6:06 am
HONG KONG (AP) — Hong Kong’s economy shrank last year for the first time since 2009, government data showed Monday, as the territory struggles with the impact of China's virus outbreak. The economy of the Chinese territory of 7 million people, a major trading and financial center, contracted by 1.2...
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Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)
January 30, 2020 - 12:45 pm
LONDON (AP) — The Bank of England on Thursday opted against cutting interest rates amid signs of improvement in the British economy in the run-up to Britain's imminent departure from the European Union. The bank said in a statement that its Monetary Policy Committee voted 7-2 to keep the key U.K...
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