Recessions and depressions

FILE - In this March 12, 2019, file photo, trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File)
April 23, 2019 - 7:54 pm
The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
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Australian Prime Minister Scott Morrison, second left, shakes hands with Governor General Peter Cosgrove as he leaves Government House in Canberra, Thursday, April 11, 2019, after a meeting to dissolve parliament and head for a Federal Election. (Mick Tsikas/AAP Image via AP)
April 11, 2019 - 4:12 am
CANBERRA, Australia (AP) — Australia's prime minister on Thursday called a May 18 election that will be fought on issues including climate change, asylum seekers and economic management. "We live in the best country in the world," Prime Minister Scott Morrison told reporters after advising the...
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FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 6:10 pm
WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...
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FILE- In this Feb. 5, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 5. (AP Photo/Richard Drew, File)
April 05, 2019 - 1:58 pm
Stocks moved broadly higher Friday afternoon on Wall Street after a better-than-expected report on U.S. jobs eased worries that the economy is slowing too sharply. Health care, energy and technology stocks accounted for much of the rally, which placed the benchmark S&P 500 index on track for...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 4:52 am
BEIJING (AP) — Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union. Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday's...
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Supporters of the Republican People's Party, CHP, wave Turkish flags, and one with a portrait of Kemal Ataturk, right, as they celebrate after preliminary results of the local elections were announced in Ankara, Turkey, early Monday, April 1, 2019. Erdogan's ruling party has declared victory in the race for mayor of Istanbul, even though the result in Turkey's most populous city and commercial hub is too close to call. State broadcaster TRT says former Prime Minister Binali Yildirim received 48.71 percent of the votes in Sunday's municipal elections while the opposition's candidate, Ekrem Imamoglu, got 48.65 percent. (AP Photo/Burhan Ozbilici)
April 01, 2019 - 5:42 am
ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan declared victory in municipal elections but the opposition's success in key cities dealt a significant blow to his party's dominance. According to unofficial results, the ruling party lost the capital, Ankara, and the head of Turkey's electoral...
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March 28, 2019 - 5:12 pm
WASHINGTON (AP) — President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank. Moore is a former Trump...
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A man walks by an electronic stock board of a securities firm in Tokyo, Tuesday, March 26, 2019. Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. (AP Photo/Koji Sasahara)
March 26, 2019 - 1:42 am
BEIJING (AP) — Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. Tokyo's Nikkei 225 index rose 2.3 percent to 21,454.02 and Hong Kong's Hang Seng gained 0.2 percent to 28,571.71. The Shanghai Composite Index lost 1 percent to 3,012.92...
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FILE- In this July 5, 2018, file photo a worker sews the Afloat water bed at the factory in Corona, Calif. On Friday, March 15, 2019, the Federal Reserve reports on U.S. industrial production for February. (AP Photo/Chris Carlson, File)
March 15, 2019 - 10:41 am
WASHINGTON (AP) — U.S. industrial production rose a slight 0.1 percent in February, as an increase in utilities and mining offset the second straight monthly drop in manufacturing. The Federal Reserve said Friday that the manufacturing component of the index fell 0.4 percent last month, after...
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FILE - In this Jan. 30, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. Powell says political attacks by President Donald Trump played no role in the Fed’s decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday, March 10, 2019, that he can’t be fired by the president and that he intends to serve out his full four-year term. (AP Photo/Alex Brandon, File)
March 11, 2019 - 4:02 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday that he can't be fired by the...
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