Latest Recessions and depressions News

Millennial Money: Vanquish these 5 financial fears

Oct. 22, 2019 10:32 AM EDT

Fear can consume you. The anxiety of the unknown can drive you to pull the blanket over your head, whether you're worried about a rustling sound outside your bedroom window or that you won't have enough retirement savings. Financial fears — not wanting to check your credit, confront your debt or even...

After decades in development, Honda's jets quietly evolving

Oct. 21, 2019 2:37 PM EDT

GREENSBORO, N.C. (AP) — Nearly four years after delivering its first jet, Honda is facing decisions as the company better known for cars and lawnmowers considers whether to sink billions more into its decades-in-the-making aircraft division. Honda Aircraft CEO Michimasa Fujino said in an interview that a...

AP FACT CHECK: Trump exaggerates scope of cease-fire deal

Oct. 21, 2019 6:07 AM EDT

WASHINGTON (AP) — As President Donald Trump describes it, the U.S. swooped into an intractable situation in the Middle East, achieved an agreement within hours that had eluded the world for years and delivered a "great day for civilization." It was a mission-accomplished moment that other Republican...

AP FACT CHECK: Trump's Syrian mission-accomplished moment

Oct. 19, 2019 10:47 PM EDT

WASHINGTON (AP) — As President Donald Trump describes it, the U.S. swooped into an intractable situation in the Middle East, achieved an agreement within hours that had eluded the world for years and delivered a "great day for civilization." It was a mission-accomplished moment that other Republican...

Despite labor costs, GM averts financial woes of its past

Oct. 18, 2019 2:16 PM EDT

DETROIT (AP) — A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the...

Connecticut economist warns employment high could change

Oct. 17, 2019 8:13 PM EDT

HARTFORD, Conn. (AP) — A Connecticut Department of Labor report shows the gain of 3,600 jobs, making September the 15th consecutive month of year-over-year growth. The Hartford Courant reports the state reported nearly 1.7 million jobs Thursday. The new high is just shy of the mark reached in 2008, several...

Economist says advanced industries improving in Rhode Island

Oct. 17, 2019 1:01 PM EDT

PROVIDENCE, R.I. (AP) — An economist says advanced industries such as biotech and data analytics in Rhode Island are improving after the state's economy was hit hard by the recession. The Boston Globe reports Bruce Katz presented a summary of his upcoming report on Rhode Island's long-term economic plan to...

US retail sales dip 0.3% in September

Oct. 16, 2019 10:15 AM EDT

WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported...

Shooting kills 6 in Puerto Rico, leads to emergency meeting

Oct. 15, 2019 8:01 PM EDT

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor called an emergency meeting Tuesday after six people were killed in a mass shooting in a San Juan housing project and gunfire left two people dead a day earlier in the island's north. Automatic weapon fire and screams could be heard in videos circulating...

Auditor: Missouri needs to save more for a recession

Oct. 15, 2019 4:35 PM EDT

JEFFERSON CITY, Mo. (AP) — Missouri isn't saving enough money to avoid having to cut spending or raise taxes if there is a recession, state Auditor Nicole Galloway said Tuesday. Galloway recommended that state lawmakers increase the amount in Missouri's Budget Reserve Fund to the maximum allowed under the...