Recessions and depressions

Police stand guard as protesters rally at the Trump Tower, Monday, June 1, 2020, in Las Vegas, over the death of George Floyd. Floyd, a black man, died after being restrained by Minneapolis police officers on Memorial Day. (AP Photo/John Locher)
June 02, 2020 - 12:55 am
WASHINGTON (AP) — Wielding extraordinary federal authority, President Donald Trump threatened the nation’s governors on Monday that he would deploy the military to states if they did not stamp out violent protests over police brutality that have roiled the nation over the past week. His...
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A woman walks into a closing Gordmans store, Thursday, May 28, 2020, in St. Charles, Mo. Stage Stores, which owns Gordmans, is closing all its stores and has filed for Chapter 11 bankruptcy. (AP Photo/Jeff Roberson)
SKY News
May 29, 2020 - 10:03 am
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month's spending decline was far worse than the revised 6.9% drop in March, which itself had...
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A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)
SKY News
May 27, 2020 - 3:44 pm
Stock indexes are broadly higher in afternoon trading on Wall Street Wednesday, as hopes for a coming economic revival turn the market's leaderboard upside down. Banks and retailers were posting strong gains on hopes that life can inch back toward normal as governments relax stay-at-home orders,...
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May 18, 2020 - 2:38 am
MIAMI (AP) — Tropical Storm Arthur crawled closer to the North Carolina coast early Monday, amid threats of some minor flooding and rough seas as the system moves off the Southeast seaboard. Arthur formed Saturday in waters off Florida, marking the sixth straight year that a named storm has...
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A man wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, May 14, 2020. Asian shares declined Thursday on pessimism about life getting back to normal soon amid the coronavirus pandemic, even as Japan prepared to let businesses reopen in some regions. (AP Photo/Vincent Yu)
May 13, 2020 - 11:28 pm
Asian shares declined Thursday on pessimism about life getting back to normal soon amid the coronavirus pandemic, even as Japan prepared to let businesses reopen in some regions. Japan's Nikkei 225 slipped nearly 0.8% in morning trading to 20,112.00. Australia's S&P/ASX 200 lost 0.9% to 5,370...
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In this April 30, 2020, photo, House Speaker Nancy Pelosi of Calif. speaks during a news conference on Capitol Hill in Washington. House Democrats are seeking to drive the debate on the next coronavirus response bill. They're promising a mega-package stuffed with Democratic priorities, including funding for state and local governments. (AP Photo/Manuel Balce Ceneta)
SKY News
May 06, 2020 - 2:52 pm
WASHINGTON (AP) — Although timing for the House's return isn't set, the outlines are emerging for a Democratic-driven bill to aid states and local governments, the Postal Service, and boost contact tracing to track the coronavirus. Democratic leaders promise that the House will deliver legislation...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 1, 2020. Shares have dropped in Asia after Wall Street ended its best month in 33 years with losses on fresh news of economic carnage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
May 01, 2020 - 2:10 pm
Stocks are falling in afternoon trading on Wall Street Friday after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines. A day after closing out its best month since 1987, the S&P 500 was down 2.9% and on track for its second straight weekly loss...
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Workers manufacture face masks at a workshop in Bogota, Colombia, Wednesday, April 29, 2020. Oscar Henao a taxi driver by profession and his partner Adan Fajardo, owner of the small packaging workshop, created the plastic protection mask model they called the "mask of life,” to protect people from the coronavirus pandemic. (AP Photo/Fernando Vergara)
SKY News
April 29, 2020 - 10:53 pm
Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that came as the economic gloom caused by the scourge deepened in the U.S. and Europe. The U.S. government...
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A man wearing a mask against the spread of the new coronavirus walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 23, 2020. Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. (AP Photo/Eugene Hoshiko)
SKY News
April 23, 2020 - 4:10 pm
NEW YORK (AP) — The stock market ended another turbulent day more or less where it started after an early rally got washed away. The S&P 500 ended with a tiny loss Thursday, having given up an early gain of 1.6%. The market’s latest bumpy ride shows how fragile hope among investors is that...
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Bishop William Joensen proceeds down the main aisle at the conclusion of Holy Thursday Mass in a near empty St. Ambrose Cathedral, Thursday, April 9, 2020, in Des Moines, Iowa. COVID-19 causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Charlie Neibergall)
SKY News
April 09, 2020 - 9:39 pm
NEW YORK (AP) — A staggering 16.8 million Americans lost their jobs in just three weeks, a measure of how fast the coronavirus has brought world economies to their knees. Meanwhile, religious leaders worldwide Thursday urged people to celebrate Good Friday and Easter from the safety of their homes...
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