Latest Recessions and depressions News

AP Explains: Why auto workers went on strike against GM

Sep. 16, 2019 5:11 PM EDT

DETROIT (AP) — More than 49,000 union auto workers at General Motors are walking picket lines, silencing more than 50 company factories and parts depots in a strike over contract negotiations. The strike that began early Monday crippled production of Chevrolet, Cadillac, GMC and Buick vehicles made by the...

Yes, stocks are up again. No, recession worries aren't gone

Sep. 13, 2019 4:28 PM EDT

NEW YORK (AP) — The U.S. economy is sending some worrying signals about a possible recession, yet the stock market has gone on a what-me-worry ride toward record heights. What gives? Put simply, while the stock market watches the economy, the two don't always move in lockstep. If investors see that...

World shares buoyed by fresh optimism over US-China trade

Sep. 13, 2019 5:55 AM EDT

BANGKOK (AP) — World shares were mostly higher on Friday, buoyed by fresh stimulus from the European Central Bank and hopes for progress in China-U.S. trade talks. Germany's DAX picked up 0.1% to 12,426.92 and the CAC 40 in France added 0.2% to 5,651.91. But Britain's FTSE 100 gave up 0.2% to 7,327.05...

German Economy Ministry: Long-term recession not expected

Sep. 13, 2019 4:57 AM EDT

BERLIN (AP) — The German government says the country's economy is in a weak phase but it doesn't currently see indications it will enter a long-term recession. The German economy, Europe's largest, contracted by 0.1% in the second quarter and is widely predicted to shrink again in the third quarter, which...

The Fed and ECB aim to avoid downturns but with limited ammo

Sep. 12, 2019 5:19 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB delivered a...

Stock markets edge up ahead of ECB stimulus decision

Sep. 12, 2019 7:12 AM EDT

BANGKOK (AP) — World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Germany's DAX edged 0.2% higher to 12,378...

Europe eyes stimulus plan, but ultra-low rates raise doubts

Sep. 11, 2019 2:15 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank appears to be preparing a new shot of stimulus to try to energize the economy. But the move is sure to renew a nagging question: Can central banks do much good when rates are already ultra-low? Analysts say the bank is likely to cut a key interest rate...

Businesses strategize to get work done with fewer staffers

Sep. 11, 2019 12:34 PM EDT

NEW YORK (AP) — Using technology to run her practice lets defense attorney Susan Williams give clients the time and attention they need. Williams decided years ago she didn't want a large staff that would require her to increase her caseload simply to have the money to pay her employees. She has one...

Review: Jennifer Lopez steals the show in 'Hustlers'

Sep. 10, 2019 3:41 PM EDT

"Hustlers " saves all of its tricks for the end. It's a banger of an ending, too, which is something that so few films manage to nail. The emotion, the stakes, the character development and the why of it all hit around the same time. This, you think, is the movie. Then suddenly it's over just when it started to...

Share of uninsured Americans rises for 1st time in a decade

Sep. 10, 2019 3:01 PM EDT

WASHINGTON (AP) — The proportion of Americans without health insurance edged up in 2018 — the first evidence from the government that coverage gains under President Barack Obama's health care law might be eroding under President Donald Trump. The Census Bureau also said in an annual report Tuesday...