Financial crisis

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 - 3:33 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. Stocks tumbled soon after the Fed issued...
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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 - In this May 24, 2019,file photo, workers talk at a composite materials manufacturing plant in Nantong in eastern China's Jiangsu province. China’s factory activity contracted in July for a third month amid a tariff war with Washington and weak domestic demand. A monthly index released Wednesday, July 31, 2019, by an industry group, the China Federation of Logistics & Purchasing, stood at 49.7 on a 100-point scale. (Chinatopix via AP, File)
July 31, 2019 - 12:36 am
BEIJING (AP) — China's factory activity contracted in July for a third month amid a tariff war with Washington and weak domestic demand. A monthly index released Wednesday by an industry group, the China Federation of Logistics & Purchasing, stood at 49.7 on a 100-point scale. That was up 0.3...
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July 30, 2019 - 7:12 am
FRANKFURT, Germany (AP) — Germany's highest court has upheld a new European system of bank supervision aimed at preventing financial crises and expensive taxpayer bailouts. The Federal Constitutional Court said in a ruling issued Tuesday that the governments of the 28 European Union nations did not...
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Scotland's First Minister Nicola Sturgeon, right, shakes hands with Britain's Prime Minister Boris Johnson, outside Bute House, ahead of their meeting, in Edinburgh, Scotland, Monday July 29, 2019. Johnson made his first official visit as British prime minister to Scotland, pledging to boost "the ties that bind our United Kingdom" amid opposition from Scottish leaders to his insistence on pulling Britain out of the European Union with or without a deal. (Jane Barlow/PA via AP)
July 29, 2019 - 1:06 pm
LONDON (AP) — Prime Minister Boris Johnson pushed Britain closer to a no-deal exit from the European Union on Monday, insisting he will not hold Brexit talks with EU leaders unless the bloc lifts its refusal to reopen the existing divorce deal. Johnson is trying to pressure the EU to give ground by...
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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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Puerto Rican singer Ricky Martin, front atop truck, participates with other local celebrities in a protest demanding the resignation of governor Ricardo Rossello in San Juan, Puerto Rico, Monday, July 22, 2019. Protesters are demanding Rossello step down for his involvement in a private chat in which he used profanities to describe an ex-New York City councilwoman and a federal control board overseeing the island's finance. (AP Photo/Carlos Giusti)
July 22, 2019 - 5:16 pm
SAN JUAN, Puerto Rico (AP) — Waving flags, chanting and banging pots and pans, tens of thousands of Puerto Ricans jammed a highway Monday to demand the resignation of Gov. Ricardo Rosselló in a crisis triggered by a leak of offensive, obscenity-laden chat messages between him and his advisers. The...
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Conservative Party leadership contender Boris Johnson, centre right, leaves his office in Westminster area of London, Monday July 22, 2019. Voting closes Monday in the ballot to elect Britain's next prime minister, from the two contenders Jeremy Hunt and Boris Johnson, as critics of likely winner Boris Johnson condemned his vow to take Britain out of the European Union with or without a Brexit deal.(Yui Mok/PA via AP)
July 22, 2019 - 12:42 pm
LONDON (AP) — Voting closed Monday in the two-man contest to become Britain's next prime minister, as critics of likely winner Boris Johnson condemned his vow to take the U.K. out of the European Union with or without a divorce deal. Members of the governing Conservative Party had until 5 p.m. (...
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FILE - In this Wednesday, Jan 9, 2019 file photo, Britain's Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street for the House of Commons to attend Prime Minister's question time, in London. Hammond says he will quit if, as widely expected Boris Johnson becomes prime minister. Hammond said Sunday, July 21, 2109 that Johnson’s vow to take the U.K. out of the European Union on Oct. 31, with or without a divorce deal is “not something that I could ever sign up to.” (AP Photo/Alastair Grant, File)
July 21, 2019 - 7:38 am
LONDON (AP) — British Treasury chief Philip Hammond said Sunday that he will quit if — as widely expected — Boris Johnson becomes prime minister this week on a promise to leave the European Union with or without a divorce deal. Hammond said Johnson's vow to press for a no-deal Brexit if he can't...
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