Recessions and depressions

Two people steer their paddle boards over the river Main with the buildings of the banking district in background in Frankfurt, Germany, late Tuesday, Aug. 27, 2019. (AP Photo/Michael Probst)
August 30, 2019 - 5:34 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was stuck at a low annual rate of 1% in August, potentially bolstering the argument for the European Central Bank to provide more stimulus to the economy when it meets next month. Statistics agency Eurostat said Friday that the inflation rate was...
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FILE - In this Aug. 21, 2019, file photo trader Jeffrey Vazquez works on the floor of the New York Stock Exchange. On Thursday, Aug. 29, stocks are opening higher on Wall Street as investors hope that new talks set for September can result in progress in resolving the U.S.-China trade dispute. (AP Photo/Richard Drew, File)
August 29, 2019 - 11:22 pm
BEIJING (AP) — Asian stocks rebounded Friday on hopes U.S.-Chinese talks next month might produce progress toward ending a costly tariff war over trade and technology. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all followed Wall Street higher. Investors were encouraged by a Chinese...
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FILE - In this June 19, 2019, file photo cargo ships are docked at the Port of Los Angeles in Los Angeles. On Thursday, Aug. 29, the Commerce Department issues the second estimate of how the U.S. economy performed in the April-June quarter.(AP Photo/Marcio Jose Sanchez, File)
August 29, 2019 - 2:23 pm
WASHINGTON (AP) — The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth — consumer spending — remains vigorous enough to keep the economy growing steadily if still modestly. Spending by households, which accounts for...
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A pedestrian passes Britain's Houses of Parliament on the bank of The River Thames in London, Thursday, Aug. 29, 2019. Jacob Rees-Mogg, The leader of the British House of Commons has defended Prime Minister Boris Johnson's move to suspend parlliament, a move that gives his political opponents less time to block a no-deal Brexit before the October 31 withdrawal deadline. (AP Photo/Kirsty Wigglesworth)
August 29, 2019 - 8:02 am
LONDON (AP) — Europe's Brexit drama is hurtling toward a new climax at the wrong time for the region's economy, threatening to sow chaos for businesses just as a large part of the continent is sliding toward recession. British Prime Minister Boris Johnson's move to suspend Parliament for weeks...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Aug. 29, 2019. Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. (AP Photo/Eugene Hoshiko)
August 29, 2019 - 7:59 am
BEIJING (AP) — Stock markets turned higher on Thursday on hopes for more talks next month on the trade war between the United States and China. European indexes rose after Asian ones closed lower, with futures pointing to gains on Wall Street later in the day. Trade negotiators are due to meet in...
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FILE - In this Aug. 21, 2019, file photo specialist Anthony Matesic, center, 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 Wednesday, Aug. 28. (AP Photo/Richard Drew, File)
August 28, 2019 - 12:57 pm
Banks and energy companies helped power U.S. stocks broadly higher in midday trading Wednesday as the market clawed back some of its losses from a day earlier. Financial sector stocks accounted for much of the rally, which reversed an early slide. Big banks were among the sector's gainers. Wells...
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A currency trader watches computer monitors near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Aug. 28, 2019. Asian stocks were mixed Wednesday as uneasy investors watched for signs of progress on U.S.-China trade after Wall Street slid. (AP Photo/Lee Jin-man)
August 28, 2019 - 6:09 am
BEIJING (AP) — Global stocks were mixed Wednesday as uneasy investors watched for signs of progress on ending the U.S.-China tariff war following President Donald Trump's conflicting comments on the status of negotiations. Benchmarks in London and Tokyo advanced while those in Frankfurt and...
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President Donald Trump and first lady Melania Trump arrive at Andrews Air Force Base, Md., Tuesday, Aug. 27, 2019, for a short trip to the White House after returning from the G-7 Summit in Biarritz, France (AP Photo/Andrew Harnik)
SKY News
August 27, 2019 - 4:20 pm
WASHINGTON (AP) — President Donald Trump, who last week suggested Fed Chairman Jerome Powell could be an enemy, is now saying that the central bank "loves" the troubles U.S. manufacturers are facing. The president's tweet Tuesday appears to be his latest effort pressure the central bank to lower...
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FILE - In this Aug. 19, 2019, file photo trader Frank Masiello, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Aug. 27. (AP Photo/Richard Drew, File)
August 27, 2019 - 12:43 pm
U.S. stock indexes veered lower in midday trading Tuesday, giving up early gains, as investors shifted money into government bonds and other less risky assets. Financial stocks fell the most as bond prices surged, pulling yields sharply lower. The yield on the 10-year Treasury note fell to 1.48%...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Aug. 27, 2019. Asian shares mostly rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. (AP Photo/Eugene Hoshiko)
August 27, 2019 - 7:45 am
TOKYO (AP) — Global shares were mixed Tuesday as investors seemed slightly more hopeful again about the potential for progress in the costly trade war between the U.S. and China. Wall Street was set to open with modest gains after gains on Monday, which was prompted by President Donald Trump's...
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