Recessions and depressions

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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A man walks by an electronic stock board of a securities firm in Tokyo, Tuesday, March 26, 2019. Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. (AP Photo/Koji Sasahara)
March 26, 2019 - 6:09 am
BEIJING (AP) — Global stock prices rebounded Tuesday a slide on worries about U.S. and European economic growth. In early trading, London's FTSE 100 rose 0.1 percent to 7,187.13 and France's CAC 40 added 0.1 percent to 5,268.04. Germany's DAX was unchanged at 11,335.24. In Asia, Tokyo's Nikkei 225...
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FILE- In this March 18, 2019, file photo trader John Santiago works on the floor of the New York Stock Exchange. U.S. stocks edged lower in early trading Monday, March 25, extending losses from a broad sell-off last week, as new economic data stoked investors' worries over slowing global growth. (AP Photo/Richard Drew, File)
March 25, 2019 - 3:19 pm
U.S. stocks were modestly lower in afternoon trading Monday, on track to extend losses from a broad sell-off last week driven by global growth worries. Investors were weighing new economic data pointing at slower global growth. Bond yields fell, adding to a sharp decline that contributed to a wave...
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March 25, 2019 - 12:06 am
WASHINGTON (AP) — The nation's business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration's predictions that growth will accelerate this year and next. That finding comes from the latest survey by the National...
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FILE- In this July 5, 2018, file photo a worker sews the Afloat water bed at the factory in Corona, Calif. On Friday, March 15, 2019, the Federal Reserve reports on U.S. industrial production for February. (AP Photo/Chris Carlson, File)
March 15, 2019 - 10:41 am
WASHINGTON (AP) — U.S. industrial production rose a slight 0.1 percent in February, as an increase in utilities and mining offset the second straight monthly drop in manufacturing. The Federal Reserve said Friday that the manufacturing component of the index fell 0.4 percent last month, after...
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March 10, 2019 - 8:52 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday that he can't be fired by the...
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