Financial crisis

December 21, 2018 - 5:42 pm
Wall Street's sharp downturn beginning in October has pulled the Nasdaq composite index into what's known as a bear market. The benchmark S&P 500 index is in what Wall Street calls a correction, and is headed toward a bear market, threatening to end the more than 9-year U.S. bull market run...
Read More
People walk across an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, Dec. 20, 2018. Asian stock markets sank Thursday after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low.(AP Photo/Kin Cheung)
December 20, 2018 - 3:43 am
BEIJING (AP) — Global stock prices plunged Thursday, following Wall Street down after the Federal Reserve raised U.S. interest rates. KEEPING SCORE: In early trading, France's CAC 40 index fell 1.4 percent to 4,709.13 points and Germany's DAX lost 1.3 percent to 10,620,79. London's FTSE 100...
Read More
Stock trader Michael Milano works at the New York Stock Exchange, Wednesday, Dec. 19, 2018. (AP Photo/Mark Lennihan)
December 19, 2018 - 10:54 pm
BEIJING (AP) — Asian stock markets sank Thursday after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low. KEEPING SCORE: Tokyo's Nikkei 225 index fell 1.7 percent to 20,631.45 points and the Shanghai Composite Index lost 0.4 percent to 2,538.79. Hong Kong's Hang...
Read More
December 19, 2018 - 3:01 pm
NEW YORK (AP) — The Consumer Financial Protection Bureau has decided to abandon a controversial renaming plan, in one of the first big decisions by its new permanent director. The CFPB no longer wants to call itself the "Bureau of Consumer Financial Protection," a change that had been sought by...
Read More
Chinese President Xi Jinping applauds during a conference to commemorate the 40th anniversary of China's Reform and Opening Up policy at the Great Hall of the People in Beijing, Tuesday, Dec. 18, 2018. (AP Photo/Mark Schiefelbein)
December 18, 2018 - 1:42 am
BEIJING (AP) — China will never seek hegemony, President Xi Jinping said Tuesday as global concerns persist over the country's growing economic influence. During a speech to mark 40 years of market reforms, Xi repeated China's commitment to a multilateral trading system and further opening of its...
Read More
FILE - This August 2010 file photo shows a sign for Moody's Corp. in New York. Concerns are building from Washington to Wall Street about the trillions of dollars in debt that U.S. businesses have racked up, particularly by companies with relatively weak finances. (AP Photo/Mark Lennihan, File)
December 14, 2018 - 12:36 pm
NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back...
Read More
Journalists talk in El Nacional's newsroom, Venezuela's last nationally circulated, opposition newspaper, in Caracas, Venezuela, Thursday, Dec. 13, 2018. The newspaper will stop publishing its print edition amid unrelenting government pressure and paper shortages, editors said Thursday. Their final edition will run Friday after 75 years in print. It will become an exclusively online publication. (AP Photo/Fernando Llano)
December 13, 2018 - 4:42 pm
CARACAS, Venezuela (AP) — Venezuela's last nationally circulated, anti-government newspaper will stop publishing its print edition amid unrelenting government pressure and paper shortages, editors said Thursday. El Nacional's final edition will run Friday after 75 years in print. It will become an...
Read More
In this Dec. 11, 2018 photo the European Central Bank sits next to the river Main in Frankfurt, Germany, where ECB president Mario Draghi will hold a news conference on Thursday, Dec. 13, 2018. (AP Photo/Michael Probst)
December 13, 2018 - 10:21 am
FRANKFURT, Germany (AP) — The European Central Bank is ending the stimulus program that helped nurse the eurozone economy back to health over the past four years — despite the emergence of new risks including a global trade war and Brexit. Thursday's decision to stop the bank's monthly bond...
Read More
FILE - In this Oct. 25, 2018 file photo the President of European Central Bank Mario Draghi waits for the beginning of a press conference following the meeting of the governing council in Frankfurt, Germany. Draghi will hold a press conference on Thursday, Dec. 13, 2018. (AP Photo/Michael Probst, file)
December 13, 2018 - 8:58 am
FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 2:55 p.m. European Central Bank President Mario Draghi says strong domestic demand and low interest rates are supporting the economy in Europe despite a recent moderation in growth. Draghi...
Read More
FILE - In this March 29, 2018, file photo, a cargo truck drives amid stacked shipping containers at the Yangshan port in Shanghai. China's export growth sank in November, 2018, as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. (AP Photo/File)
December 08, 2018 - 7:00 am
BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed...
Read More

Pages