Recessions and depressions

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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FILE - In this March 6, 2019, file photo a staff member works on a mobile phone production line during a media tour in Huawei factory in Dongguan, China's Guangdong province. Huawei Technologies Co. is one of the world's biggest supplier of telecommunications equipment. The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. (AP Photo/Kin Cheung, File)
August 13, 2019 - 4:38 pm
WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the...
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Britain's Chancellor of teh Exchequer Sajid Javid during a visit to the National Grid Training Centre in Newark, England, as the UK announced its GDP second quarter figures, Friday Aug. 9, 2019. Britain's Office for National Statistics released figures showing the British economy shrank in the second quarter of 2019, as Brexit uncertainties weighed on business investment. ( Joe Giddens/PA via AP)
August 09, 2019 - 9:56 am
LONDON (AP) — The British economy unexpectedly shrank in the second quarter for the first time since 2012 as Brexit uncertainties heaped pressure on firms, official figures showed Friday. The decline is set to raise alarm that the economy could experience its first recession in a decade. Traders in...
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Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, Aug. 7, 2019. U.S. stocks fell broadly in midday trading Wednesday as central banks around the world cut interest rates and increased fears that global growth is being crimped by the U.S.-China trade war. (AP Photo/Richard Drew)
August 07, 2019 - 2:36 pm
Stocks fell in afternoon trading on Wall Street Wednesday as fears that an escalating trade war between the U.S. and China may stifle global economic growth. Investors sought shelter in bonds, gold and other safe-haven holdings. Bond yields sank around the world, something that happens when...
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August 02, 2019 - 3:55 pm
LAS VEGAS (AP) — The packed field of Democratic presidential candidates, fresh off two nights of debating the party's leftward drift, will descend this weekend on swing-state Nevada, where they'll be pressed on kitchen-table issues, like the economy and education. About 500 union members on...
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FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, 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 Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 02, 2019 - 3:42 pm
Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses, which eased somewhat in the final hour of trading, had the market on track to close out its worst week of the year just seven days...
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Governor of the Bank of England, Mark Carney speaks during the Bank of England interest rate decision and inflation report press conference at the Bank of England in London, Thursday, Aug. 1, 2019. Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.(Chris J Ratcliffe/Pool Photo via AP)
August 01, 2019 - 12:44 pm
LONDON (AP) — The probability that Britain's economy slips into recession early next year is rising even if the country manages to negotiate a smooth and orderly exit from the European Union in the weeks ahead, the Bank of England warned Thursday. With Brexit uncertainties becoming "more entrenched...
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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)
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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FILE - In this July 10, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington. Powell has signaled that rising economic pressures, notably from President Donald Trump’s trade wars and from a global slowdown, have become cause for concern. (AP Photo/Susan Walsh, File)
July 31, 2019 - 3:32 pm
NEW YORK (AP) — The Latest on the Federal Reserve and its action related to a key interest rate (all times local): 3:30 p.m. The impact of the Fed's decision will be muted when it comes to consumer rates, unless there are more cuts ahead, said Tendayi Kapfidze, chief economist at LendingTree...
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