Recessions and depressions

1010 WINS Newsroom
December 09, 2019 - 3:32 am
BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline. The Federal Statistical Office said Monday that exports rose 1.2% compared with the previous month. That followed a 1.5% increase in September. In year-...
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FILE - In this Nov. 27, 2019, file photo Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Friday, Dec. 6, the U.S. government issues the November jobs report. (AP Photo/John Locher, File)
1010 WINS Newsroom
December 06, 2019 - 4:26 pm
WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists have...
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Hong Kong Chief Executive Carrie Lam speaks during a press conference at the Legislative Council in Hong Kong, Tuesday, Dec. 3, 2019. (AP Photo/Vincent Thian)
1010 WINS Newsroom
December 03, 2019 - 3:46 am
HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that clashes between protesters and police last weekend have dampened her hopes that a recent lull in violence would allow the territory’s economy to recover. The government will soon launch a fourth round of measures to support business,...
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1010 WINS Newsroom
December 02, 2019 - 6:17 pm
JEFFERSON CITY, Mo. (AP) — A new report finds that many states are in better shape than ever to weather a potential recession. The report released Monday by Moody’s Analytics says 28 states have enough cash on hand to survive a moderate recession without having to resort to spending cuts or tax...
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FILE - In this Oct. 19, 2019, file photo Eldon Sylvester harvest soybeans in his field near Wamego, Kan. On Wednesday, Nov. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the July-September quarter. (AP Photo/Charlie Riedel, File)
1010 WINS Newsroom
November 27, 2019 - 1:08 pm
WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a...
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Democratic presidential candidate former Vice President Joe Biden speaks to local residents, Saturday, Nov. 23, 2019, in Des Moines, Iowa. (AP Photo/Justin Hayworth)
1010 WINS Newsroom
November 25, 2019 - 10:51 am
LAS VEGAS (AP) — U.S. Rep. Dina Titus of Nevada is endorsing Joe Biden, becoming the first sitting member of Congress from an early voting state to endorse a presidential candidate. Titus says in a statement Monday that she feels Biden is the candidate best prepared to defeat President Donald Trump...
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A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Nov. 14, 2019. Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
November 14, 2019 - 7:58 am
BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged. London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day...
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File - In this Thursday, May 16, 2019, file photo, cars for export and import are stored in front of containers at the port in Bremerhaven, Germany. The German economy returned to modest growth in the July-September 2019 period, averting a widely-feared recession. The Federal Statistical Office said Thursday gross domestic product grew 0.1% compared with the previous quarter. (AP Photo/Martin Meissner)
1010 WINS Newsroom
November 14, 2019 - 4:02 am
BERLIN (AP) — Germany’s economy, Europe’s largest, avoided entering a widely-anticipated recession in the third quarter as strong domestic spending helped spark modest growth, the Federal Statistical Office reported Thursday. The Wiesbaden-based agency said the economy grew 0.1% in the July-...
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FILE - In this Oct. 30, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington. On Wednesday, Nov. 13, Powell plans to testify to Congress' Joint Economic Committee. (AP Photo/Susan Walsh, File)
1010 WINS Newsroom
November 13, 2019 - 11:08 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed...
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1010 WINS Newsroom
November 11, 2019 - 4:49 am
LONDON (AP) — Official figures show that the British economy avoided falling into recession in the third quarter of the year. The Office for National Statistics said Monday that the economy grew by a quarterly rate of 0.3%. That was in line with market expectations. Following the 0.2% contraction...
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