Recessions and depressions

FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 6:10 pm
WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...
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FILE- In this Feb. 5, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 5. (AP Photo/Richard Drew, File)
April 05, 2019 - 1:58 pm
Stocks moved broadly higher Friday afternoon on Wall Street after a better-than-expected report on U.S. jobs eased worries that the economy is slowing too sharply. Health care, energy and technology stocks accounted for much of the rally, which placed the benchmark S&P 500 index on track for...
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FILE - In this Jan. 21, 2019 file photo, International Monetary Fund Managing Director Christine Lagarde briefs the media during a news conference at the annual meeting of the World Economic Forum in Davos. The head of the 189-nation International Monetary Fund said Tuesday, April 2 the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world’s two biggest economies. Lagarde said the IMF does not forecast a recession in its updated economic outlook to be released next week but she called the current situation “precarious” and vulnerable to policy mistakes. (AP Photo/Markus Schreiber, File)
April 02, 2019 - 12:08 pm
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world's two biggest economies. IMF...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 4:52 am
BEIJING (AP) — Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union. Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday's...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 1:43 am
BEIJING (AP) — Asian stock prices followed Wall Street higher Tuesday on encouraging global economic data. Benchmarks in Shanghai, Tokyo and Seoul all advanced. Oil prices advanced again, adding to Monday's big gains. Investors were encouraged by manufacturing indicators that showed activity in...
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FILE- In this March 18, 2019, file photo specialist Meric Greenbaum, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 1. (AP Photo/Richard Drew, File)
April 01, 2019 - 4:52 pm
Stocks closed solidly higher on Wall Street Monday after a batch of encouraging global economic data kept investors in a buying mood. Financial and technology companies powered much of the rally, which extended the market's gains from last week, when the benchmark S&P 500 closed out its best...
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March 29, 2019 - 6:27 pm
WASHINGTON (AP) — President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank. Moore is a former Trump...
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FILE - In this Feb. 7, 2019 file photo White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington. On Friday, March 29, 2019, Kudlow called on the Federal Reserve to cut its key interest rate by a half-percentage point. Kudlow said that the Fed should do more to help the economy by cutting rates. It signaled last week that it expected to keep rates unchanged for this entire year after raising its benchmark rate four times in 2018 to the current level of 2.25 percent to 2.5 percent. (AP Photo/Susan Walsh, file)
March 29, 2019 - 4:31 pm
WASHINGTON (AP) — A top Trump administration official on Friday called on the Federal Reserve to cut its key interest rate by a half-percentage point. Larry Kudlow, head of the president's National Economic Council, said in an interview with CNBC that the Fed should do more to help the economy by...
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Three-year-old Ailianie Hernandez waits with her mother Julianna Ageljo to apply for the nutritional assistance program at the Department of Family Affairs, in Bayamon, Puerto Rico, Friday, March 29, 2019. Hundreds of thousands of Puerto Ricans are feeling the sting of what the territorial government says are insufficient federal funds to help the island recover from the Category 4 storm amid a 12-year recession. (AP Photo/Carlos Giusti)
March 29, 2019 - 12:19 pm
BAYAMON, Puerto Rico (AP) — Iraida Vargas can no longer afford the two kinds of insulin her aging mother needs and has stopped buying fresh fruit and vegetables as billions of dollars in federal funds that help Puerto Ricans buy food, get medical treatment and recover from Hurricane Maria dwindle...
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March 26, 2019 - 8:27 am
In a story March 22 about the financial markets, The Associated Press misspelled the name of asset management company Schroders. A corrected version of the story is below: Stocks, bond yields fall sharply as growth worries spread New signs the global economic growth is slowing roiled Wall Street...
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