Recessions and depressions

Britain's Chancellor of teh Exchequer Sajid Javid during a visit to the National Grid Training Centre in Newark, England, as the UK announced its GDP second quarter figures, Friday Aug. 9, 2019. Britain's Office for National Statistics released figures showing the British economy shrank in the second quarter of 2019, as Brexit uncertainties weighed on business investment. ( Joe Giddens/PA via AP)
August 09, 2019 - 9:56 am
LONDON (AP) — The British economy unexpectedly shrank in the second quarter for the first time since 2012 as Brexit uncertainties heaped pressure on firms, official figures showed Friday. The decline is set to raise alarm that the economy could experience its first recession in a decade. Traders in...
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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 - 5:22 pm
Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the benchmark...
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Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., speaks during a town hall campaign stop, Thursday, Aug. 1, 2019, in Tempe, Ariz. (AP Photo/Matt York)
August 02, 2019 - 4:02 pm
LAS VEGAS (AP) — The pack of Democratic presidential candidates made it through five hours of debating this week without diving deep into two major issues: the economy and labor unions. That won't be the case this weekend. The candidates' next stop is Nevada, an early primary state and battleground...
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Governor of the Bank of England, Mark Carney speaks during the Bank of England interest rate decision and inflation report press conference at the Bank of England in London, Thursday, Aug. 1, 2019. 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.(Chris J Ratcliffe/Pool Photo via AP)
August 01, 2019 - 12:44 pm
LONDON (AP) — The probability that Britain's economy slips into recession early next year is rising even if the country manages to negotiate a smooth and orderly exit from the European Union in the weeks ahead, the Bank of England warned Thursday. With Brexit uncertainties becoming "more entrenched...
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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)
August 01, 2019 - 12:56 am
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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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 - 5:58 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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Federal Reserve Chairman Jerome Powell walks to the podium 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 - 2:57 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook. The Fed also repeated a pledge to "act...
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FILE - This file photo shows Indiana Reformatory booking shots of John Dillinger, stored in the state archives, and shows the notorious gangster as a 21-year-old. Records show that Dillinger was admitted into the reformatory on Sept. 16, 1924. The body of the 1930s gangster is set to be exhumed from an Indianapolis cemetery more than 85 years after he was killed by FBI agents. The Indiana State Department of Health approved a permit July 3, 2019, that Dillinger's nephew, Michael C. Thompson, sought to have the body exhumed from Crown Hill Cemetery and reinterred there.(AP Photo/The Indianapolis Star, Charlie Nye, File)
July 31, 2019 - 12:50 am
INDIANAPOLIS (AP) — The body of notorious 1930s gangster John Dillinger is expected to be exhumed in September from a concrete-encased grave at an Indianapolis cemetery more than 85 years after he was killed by FBI agents outside a Chicago theater. The upcoming exhumation could put to rest...
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FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. (AP Photo/John Bazemore, File)
July 29, 2019 - 1:31 pm
NEW YORK (AP) — Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. That's the conclusion of a report by Harvard University's Joint Center for Housing Studies. The quarterly report forecasts that spending by homeowners for renovations, expansions...
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Sen. Elizabeth Warren, D-Mass., speaks about a bill to cancel student loan debt, Tuesday, July 23, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 26, 2019 - 2:30 pm
WASHINGTON (AP) — Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she's staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis. The...
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