Latest Recessions and depressions News

ARCHIVO - En imagen de archivo del 3 de octubre de 2019, los fuselajes del Boeing 737 MAX, fabricados por Spirit Aerosystems en Wichita, Kansas, se encuentran cubiertos pr lonas cerca de la fábrica. (Travis Heying/The Wichita Eagle vía AP, archivo)

Kansas says it's better prepared now for aviation layoffs

Jan. 16, 2020 6:31 PM EST

Kansas Labor Secretary Delia Garcia said Thursday that the state is better prepared to respond to layoffs stemming from the grounding of the troubled Boeing 737 Max than it was during the Great Recession, when it had to borrow money to prop up its unemployment insurance trust fund. That fund now has about $1...

Clouds pass by the European Central Bank in Frankfurt, Germany, Thursday, Jan. 16, 2020. (AP Photo/Michael Probst)

European Central Bank sees a few upbeat signs in eurozone

Jan. 16, 2020 9:31 AM EST

FRANKFURT, Germany (AP) — Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S. and China moved toward lowering trade tensions. Recent data point to “a stabilization in euro area growth,” according to an account of the...

A cargo ship passes the buildings of the banking district on the river Main in Frankfurt, Germany, Monday, Dec. 30, 2019. (AP Photo/Michael Probst)

German economic growth slows to 0.6% in 2019, worst in years

Jan. 15, 2020 6:13 AM EST

BERLIN (AP) — The German economy expanded by 0.6% last year, its worst performance since 2013, as export growth slowed and manufacturing was weak. It was the 10th consecutive year of growth, the longest period since Germany was reunited in 1990, the Federal Statistical Office said Wednesday. But growth was...

FILE - In this Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at their headquarters in New York. Banking giant JPMorgan Chase said that its fourth-quarter profits jumped 21% from a year earlier, as the bank's trading desks had a blowout quarter. A sharp increase in JPMorgan's trading business made up for declining interest rates, which impacted other parts of the bank. (AP Photo/Seth Wenig, File)

Banks post big profits, but lower interest rates are a worry

Jan. 14, 2020 2:57 PM EST

NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported a...

FIE - In this Feb. 5, 2019, file photo a ramp worker guides a Delta Air Lines plane at Seattle-Tacoma International Airport in Seattle. Delta Air Lines says it earned $1.1 billion in the fourth quarter by operating more flights and filling a higher percentage of seats.  The financial results beat Wall Street expectations. Delta and other U.S. airlines are enjoying a prolonged period of profitability thanks to steadily rising demand for travel.   (AP Photo/Ted S. Warren, File)

Strong demand, mild fuel prices help Delta earn $1.1 billion

Jan. 14, 2020 12:19 PM EST

Delta Air Lines boosted its fourth-quarter profit to $1.1 billion by adding more flights over the holiday-packed period and stuffing them even more full of passengers. Lower fuel prices helped too, as Delta reported Tuesday that earnings rose 8% over a year earlier and beat analysts' expectations. And unlike key...

FILE - In this Jan. 3, 2020, file photo the New York Stock Exchange is framed by the columns at Federal Hall National Memorial in New York. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 10. (AP Photo/Mary Altaffer, File)

US stocks pull back from records following jobs report

Jan. 10, 2020 4:31 PM EST

NEW YORK (AP) — U.S. stocks fell from their record heights on Friday after a report showed hiring was a touch weaker than expected last month. Employers added 145,000 jobs across the country in December, short of the 160,000 that economists forecast. But the growth was solid enough to bolster Wall...

A Chinese investor reads a newspaper as she monitors stock prices at a brokerage house in Beijing, Friday, Jan. 10, 2020. Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. (AP Photo/Mark Schiefelbein)

Stocks rise as worries ease over Mideast, US jobs data looms

Jan. 10, 2020 7:54 AM EST

TOKYO (AP) — Global stock markets mostly rose Friday as worries receded that the United States and Iran might be stepping closer to the edge of war. Traders were instead looking ahead to U.S. jobs figures for clues on the health of the world's biggest economy. France's CAC 40 edged up almost 0.1% to 6,043,...

A Chinese investor uses his smartphone as he monitors stock prices at a brokerage house in Beijing, Friday, Jan. 10, 2020. Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. (AP Photo/Mark Schiefelbein)

Asian shares rise after US stocks set records as fears fade

Jan. 9, 2020 11:20 PM EST

TOKYO (AP) — Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 23,776.09. Australia's S&P/ASX 200 rose 0.7% to 6,923.50. South Korea's Kospi...

FILE - In this Aug. 24, 2018, file photo John Williams, left, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyo. Williams said said Thursday, Jan. 9, 2020, that the Fed needs to re-orient its policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. (AP Photo/Jonathan Crosby, File)

Fed should focus on fighting low inflation, official says

Jan. 9, 2020 2:29 PM EST

WASHINGTON (AP) — A top Federal Reserve official believes that the U.S. central bank needs to re-orient its thinking and policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. John Williams, president of the New York Federal Reserve...

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK rate cut could come soon, Bank of England chief hints

Jan. 9, 2020 1:03 PM EST

LONDON (AP) — U.K. interest rates could be cut soon to shore up an economy that's barely growing even as some Brexit uncertainty has dissipated, the Bank of England's outgoing chief hinted Thursday. Mark Carney said in a speech that there is a “debate” within the bank's rate-setting Monetary...