Banking and credit

FILE - In this Tuesday, Feb. 12, 2019 file photo, the sun sets over the city of Frankfurt with the buildings of the banking district. Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday, August 19, 2019. (AP Photo/Michael Probst, File)
August 19, 2019 - 3:20 pm
BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone...
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A man stretches as he walks over a bridge in Frankfurt, Germany, Wednesday, Aug. 14, 2019. In the background is the building of the European Central Bank. (AP Photo/Michael Probst)
August 19, 2019 - 12:07 pm
LONDON (AP) — Inflation across the 19-country eurozone was revised down for July, official figures showed Monday, bolstering expectations that the European Central Bank will provide another shot of stimulus to the single currency bloc next month. Eurostat said consumer prices across the eurozone...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 19, 2019. Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world.(AP Photo/Ahn Young-joon)
August 18, 2019 - 9:45 pm
TOKYO (AP) — Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world. Japan's benchmark Nikkei 225 rose 0.6% in early trading to 20,532.95. Australia's S&P/ASX 200 gained 0.8...
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White House chief economic adviser Larry Kudlow talks with reporters outside the White House, Tuesday, Aug. 6, 2019, in Washington. (AP Photo/Evan Vucci)
August 18, 2019 - 3:04 pm
BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets and predicting the economy will perform well in the second half of 2019. Larry Kudlow said in Sunday television interviews...
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President Donald Trump reacts at the end of his speech at a campaign rally, Thursday, Aug. 15, 2019, in Manchester, N.H. (AP Photo/Patrick Semansky)
August 17, 2019 - 6:29 am
WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy...
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Traders John Romolo, left, and George Ettinger work on the floor of the New York Stock Exchange, Friday, Aug. 16, 2019. Stocks are opening broadly higher at the end of a turbulent week. (AP Photo/Richard Drew)
August 16, 2019 - 5:23 pm
You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks...
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FILE - In this July 30, 2019 file photo, trader Gregory Rowe works on the floor of the New York Stock Exchange. An economic alarm bell is sounding in the U.S. and sending warnings of a potential recession. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, Aug. 14, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. (AP Photo/Richard Drew)
August 14, 2019 - 3:23 pm
NEW YORK (AP) — Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It's getting more alarmed. Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on the 10-year Treasury briefly fell...
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August 09, 2019 - 5:43 pm
WASHINGTON (AP) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse Beijing of manipulating the yuan. The IMF said Friday in its...
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FILE - In this Aug. 2, 2019 file photo, President Donald Trump speaks to reporters before departing the White House in Washington. Trump is not letting up on his attacks on the Federal Reserve, calling for “substantial” Fed rate cuts to allow the dollar to fall in value against foreign currencies. In a series of tweets Thursday, Aug. 8, Trump says, “As your president, one would think that I would be thrilled with our very strong dollar. I am not!” (AP Photo/Carolyn Kaster, File)
August 08, 2019 - 6:32 pm
WASHINGTON (AP) — President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to allow the dollar to fall in value against foreign currencies. In a series of tweets Thursday, Trump said, "As your president, one would think that I would be...
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FILE - In this Feb. 8, 2019, file photo a pedestrian walks down South Broad Street in Philadelphia. Bounce back from a personal loan rejection by building your credit score, growing your income and paying off debt. Shop around and apply at lenders whose minimum qualifications you meet. (AP Photo/Matt Rourke, File)
August 08, 2019 - 12:58 pm
Getting rejected for a personal loan can feel like a punch to the gut. It's easy to get discouraged, especially if it delays plans to consolidate debt or renovate your home. Instead of taking the rejection personally, use it as motivation to build your credit and supplement your income so you win...
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