Latest Recessions and depressions News
Sri Lanka's new president says he'll restart talks with the IMF to find a way out of economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka's new President Anura Kumara Dissanayake said Wednesday that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country's history. “We expect to...
NTSB engineer says carbon fiber hull from submersible showed signs of flaws
The carbon fiber hull of the experimental submersible that imploded en route to the wreckage of the Titanic had imperfections dating to the manufacturing process and behaved differently after a loud bang was heard on one of the dives the year before the tragedy, an engineer with the National...
Senate approves criminal contempt resolution against Steward Health Care CEO
BOSTON (AP) — The U.S. Senate approved a resolution Wednesday intended to hold Steward Health Care CEO Ralph de la Torre in criminal contempt for failing to testify before a Senate panel. The senate approved the measure by unanimous consent. Members of a Senate...
Judge to approve auctions liquidating Alex Jones' Infowars to help pay Sandy Hook families
Conspiracy theorist Alex Jones ' Infowars media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary School shooting, under an order expected to be approved by a federal judge. ...
American consumers are feeling less confident as concerns about jobs take center stage
WASHINGTON (AP) — American consumers are feeling less confident this month as concerns about jobs rose significantly. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest...
OceanGate co-founder says he hopes submersible tragedy yields renewed interest in exploration
The co-founder of the company that owned the experimental submersible that imploded en route to the wreckage of the Titanic told a Coast Guard panel Monday he hoped the silver lining of the disaster would be that it inspires a renewed interest in exploration, including the deepest waters of the...
Marxist Dissanayake wins Sri Lanka's presidential election as voters reject old guard
COLOMBO, Sri Lanka (AP) — Marxist lawmaker Anura Kumara Dissanayake won Sri Lanka’s presidential election, the Election Commission announced Sunday, after voters rejected the old political guard that has been widely accused of pushing the South Asian nation into economic ruin. ...
Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
NEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note Friday, as U.S. stocks drifted around the highs they hit during a worldwide rally the day before. The S&P 500 slipped 0.2% from its record, and the Nasdaq composite fell 0.4%. The Dow Jones...
Titan submersible's scientific director says the sub malfunctioned just prior to the Titanic dive
The scientific director for the company that owned the Titan submersible that imploded last year while on its way to the Titanic wreckage testified Thursday that the sub had malfunctioned just prior to the fatal dive. Appearing before a U.S. Coast Guard panel, Steven Ross told the...
California governor signs package of bills giving state more power to enforce housing laws
SACRAMENTO, Calif. (AP) — California cities will soon face more state scrutiny — and new penalties — for pushing back on housing and homeless shelter construction, according to a package of laws signed Thursday by Gov. Gavin Newsom. Newsom has been cracking down on what he...
