Recessions and depressions

FILE - In this Aug. 7, 2019, file photo, Rep. Elijah Cummings, D-Md., speaks during a luncheon at the National Press Club in Washington. Cummings died from complications of longtime health challenges, his office said in a statement on Oct. 17, 2019. (AP Photo/Patrick Semansky, File)
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December 31, 2019 - 8:43 pm
A lauded writer who brought to light stories overshadowed by prejudice. An actress and singer who helped embody the manufactured innocence of the 1950s. A self-made billionaire who rose from a childhood of Depression-era poverty and twice ran for president. This year saw the deaths of people who...
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Stock traders wear New Year's 2020 party glasses at the New York Stock Exchange, Tuesday, Dec. 31, 2019. Stocks slipped globally in quiet New Year's Eve trading Tuesday with many markets closed. Wall Street could close 2019 with back-to-back daily losses in a year that the U.S. posted the largest market gains since 2013. (AP Photo/Mark Lennihan)
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December 31, 2019 - 6:12 pm
Wall Street closed the books Tuesday on a blockbuster 2019 for stock investors, with the broader market delivering its best returns in six years. The S&P 500 finished with a gain of 28.9% for the year, or a total return of 31.5%, including dividends. The Nasdaq composite rose 35.3%. For both...
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FILE - In this Nov. 4, 2019, file photo trader Peter Tuchman, center, works on the floor of the New York Stock Exchange. Markets are coming off a fabulous 2019, where stocks, bonds and other investments climbed in concert. But for the next year, and decade, in fact, Wall Street is telling investors to set their expectations considerably lower. (AP Photo/Richard Drew, File)
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December 31, 2019 - 5:53 pm
NEW YORK (AP) — After a year of nirvana, investors may need to get ready for something a little more normal. Markets are coming off a fabulous 2019, where stocks and bonds around the world climbed in concert. But for the next year — and decade, in fact — Wall Street is telling investors to set...
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An investor monitors stock prices at a brokerage in Beijing on Tuesday, Dec. 31, 2019. Asian shares were lower in quiet New Year's Eve trading, with many markets closed. Tuesday's declines tracked a broad retreat overnight on Wall Street that erased some of the major indexes’ recent gains, though the market remains on track to end the year with its best performance since 2013. (AP Photo/Ng Han Guan)
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December 31, 2019 - 3:52 am
TOKYO (AP) — World shares were lower in quiet New Year's Eve trading on Tuesday, with many markets closed. The declines tracked a broad retreat overnight on Wall Street that erased some of the major U.S. indexes’ recent gains, though the market remains on track to end the year with its best...
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Swedish environmental activist Greta Thunberg attends a climate strike arranged by the organization "Fridays For Future" outside the Swedish parliament Riksdagen in Stockholm, Friday Dec. 20, 2019. (Pontus Lundahl/TT via AP)
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December 30, 2019 - 7:36 am
LONDON (AP) — The parents of teenage climate activist Greta Thunberg made changes in their lives to “save” their daughter, not the world. The teenager's father, Svante Thunberg, told the BBC on Monday that his 16-year-old daughter experienced depression for three or four years before going on...
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In this Friday, Dec. 20, 2019, photo, people visit the Newseum, in Washington. The Newseum will close the Pennsylvania Avenue location on Dec. 31, 2019. It attracted millions of visitors but lacked a solid financial plan to stay afloat. The mission of the Newseum is to increase public understanding of the importance of a free press and the First Amendment. (AP Photo/Jacquelyn Martin)
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December 27, 2019 - 8:44 am
WASHINGTON (AP) — In 2008, the Newseum — a private museum dedicated to exploring modern history as told through the eyes of journalists — opened on prime Washington real estate. Sitting almost equidistant between the White House and the Capitol on Pennsylvania Avenue, the glass-walled building...
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FILE - In this Nov. 14, 2019, file photo a pair of specialists work on the floor of the New York Stock Exchange. Investments around the world were all winners in 2019 as central banks unleashed more stimulus to bolster the global economy against the damage created by President Donald Trump’s trade war. (AP Photo/Richard Drew, File)
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December 26, 2019 - 4:57 pm
NEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its...
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FILE - This Wednesday, Nov. 24, 2004 file photo shows a selection of holiday season catalogs in Portland, Maine. Catalogs, those glossy paper-and-ink offerings of outdoor apparel, kitchenware and fruit baskets, are not yet headed for the recycling bin of history. (AP Photo/Robert F. Bukaty, File)
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December 21, 2019 - 3:30 pm
PORTLAND, Maine (AP) — Catalogs, those glossy paper-and-ink offerings of outdoor apparel, kitchenware and fruit baskets, are not yet headed for the recycling bin of history. Until recently, the future appeared grim for the mailbox-stuffers. A one-two punch of postal rate increases and the Great...
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FILE - In this Nov. 4, 2019, file photo trader Peter Tuchman, center, works on the floor of the New York Stock Exchange. Markets are coming off a fabulous 2019, where stocks, bonds and other investments climbed in concert. But for the next year, and decade, in fact, Wall Street is telling investors to set their expectations considerably lower. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
December 19, 2019 - 11:05 am
NEW YORK (AP) — After a year of nirvana, investors may need to get ready for something a little more normal. Markets are coming off a fabulous 2019, where stocks and bonds around the world climbed in concert. But for the next year — and decade, in fact — Wall Street is telling investors to set...
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In this Dec. 13, 2019, photo, Martin Khan of Capital Cafe talks about the effects on his business after he says his store was incorrectly labeled as an anti-protest "blue" shop on online apps in Hong Kong. Protesters in Hong Kong are increasingly using their spending power to punish businesses they deem hostile to their cause. Apps are assigning color-coded labels to stores to help guide consumers. Protest-friendly stores are categorized as yellow. Blue is used to identify shops suspected of opposing protests. Protesters believe that by boycotting supposedly pro-establishment businesses, they can help shift the balance of power and wealth in the semi-autonomous Chinese territory. (AP Photo/Mark Schiefelbein)
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December 16, 2019 - 8:52 pm
HONG KONG (AP) — The Hong Kong protesters formed a line, patiently waiting their turn to buy sweet milk and tea drinks from a store that advertised ardent support for their cause with a banner declaring, “If you set off a nuclear blast, we'll stick by you." For quicker service, they could have...
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