Recessions and depressions

Prime Minister Theresa May gives evidence before the Liaison Committee on matters relating to Brexit at Portcullis House in London, Thursday, Nov. 29, 2018. The governor of the Bank of England Mark Carney says most British businesses aren't ready for a no-deal departure from the European Union as lawmakers from all parties are criticising the agreement Prime Minister May negotiated with the EU, increasing the likelihood of a no-deal Brexit. (PA via AP)
November 29, 2018 - 5:41 am
LONDON (AP) — British Prime Minister Theresa May refused Thursday to rule out Britain leaving the European Union without a deal, after the Bank of England warned that such a scenario could plunge the country into its deepest recession in decades. Parliament is due to vote Dec. 11 on the divorce...
Read More
FILE - In this Tuesday, Oct. 2, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, in Boston. Speaking Wednesday, Nov. 14, 2018, to an audience at the Federal Reserve Bank of Dallas, Powell said the U.S. economy is performing well but he's eyeing potential risks ahead. (AP Photo/Elise Amendola, File)
November 14, 2018 - 8:26 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. economy is performing well but he's eyeing potential risks ahead. Those include a slowdown in global growth, the fading impact from tax cuts and the cumulative weight of the Fed's own interest rate hikes. Speaking...
Read More
Passers-by are reflected in an artwork based on the European Union flag, with one star missing, in the European Commissions headquarters in Brussels, Monday, Nov. 12, 2018. Britain's European Union partners on Monday ratcheted up political pressure on Prime Minister Theresa May amid signs that some progress is being made in Brexit negotiations. (AP Photo/Francisco Seco)
November 13, 2018 - 7:56 am
LONDON (AP) — Brexit is already having an impact on Britain's labor market, with the number of people from the European Union working in the country falling by a record amount. The Office for National Statistics said Tuesday the number of EU nationals working in Britain fell by 132,000 in the three...
Read More
A supporter of Jair Bolsonaro salutes during a celebration in front of his residence after he was declared the winner of the election runoff, in Rio de Janeiro, Brazil, Sunday, Oct. 28, 2018 . Bolsonaro, a brash far-right congressman who has waxed nostalgic for Brazil's old military dictatorship, won the presidency of Latin America's largest nation Sunday as voters looked past warnings that the former army captain would erode democracy and embraced a chance for radical change after years of turmoil. (AP Photo/Leo Correa)
October 29, 2018 - 6:33 am
SAO PAULO (AP) — In some of his first words to the nation as president-elect, far-right politician Jair Bolsonaro promised to defend the constitution and unite a bitterly divided populace. His left-wing rival immediately vowed to mount a vigorous opposition, while rights groups warned against a...
Read More
Supporters of Jair Bolsonaro celebrate in front of his residence in Rio de Janeiro, Brazil, Sunday, Oct. 28, 2018. The far-right congressman took a commanding lead in the race for Brazil's presidency, as voters apparently looked past warnings that the brash former army captain would erode democracy and embraced a chance for radical change after years of turmoil. (AP Photo/Leo Correa)
October 28, 2018 - 9:44 pm
SAO PAULO (AP) — Jair Bolsonaro, a brash far-right congressman who has waxed nostalgic for Brazil's old military dictatorship, won the presidency of Latin America's largest nation Sunday as voters looked past warnings that he would erode democracy and embraced a chance for radical change after...
Read More
President Donald Trump speaks to the members of the media before leaving the White House in Washington, Friday, Oct. 26, 2018, to attend a campaign rally in Charlotte, N.C. (AP Photo/Manuel Balce Ceneta)
October 26, 2018 - 6:16 pm
WASHINGTON (AP) — The Latest on pipe bombs sent to prominent critics of President Donald Trump (all times local): 6 p.m. Former Vice President Joe Biden says the United States has to come together, voicing concern with the partisan division and hatred he sees. A target of the mail-bomb scare, Biden...
Read More
FILE- In this June 21, 2018, file photo, job applicants talks with representatives from Aldi at a job fair hosted by Job News South Florida, in Sunrise, Fla. On Friday, Oct. 5, the U.S. government issues the September jobs report. (AP Photo/Lynne Sladky, File)
October 05, 2018 - 8:39 am
WASHINGTON (AP) — U.S. employers added just 134,000 jobs in September, the fewest in a year, though the figure was likely lowered by Hurricane Florence, while the unemployment rate fell to 3.7 percent, the lowest level since 1969. Hurricane Florence struck North and South Carolina in the middle of...
Read More
Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, Tuesday, Oct. 2, 2018, in Boston. (AP Photo/Elise Amendola)
October 02, 2018 - 2:49 pm
BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank's current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through "extraordinary...
Read More
In this June 15, 2018 photo, cash is fanned out from a wallet in North Andover, Mass. On Thursday, Aug. 20, the Federal Reserve reports on household wealth for the April-June quarter. (AP Photo/Elise Amendola)
September 20, 2018 - 3:40 pm
WASHINGTON (AP) — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans' stock and mutual fund portfolios rose...
Read More
The sun rises behind the European Central Bank in Frankfurt, Germany, Wednesday, Sept.12, 2018. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)
September 13, 2018 - 1:04 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to ratchet back its stimulus efforts again on Thursday as it gingerly phases out extraordinary support for the economy left over from the Great Recession and the euro currency union's debt crisis. The bank's 25-member governing council...
Read More

Pages