Latest Recessions and depressions News
Iran's rial hits a record low, battered by regional tensions and an energy crisis
TEHRAN, Iran (AP) — The Iranian rial on Wednesday fell to its lowest level in history, losing more than 10% of value since Donald Trump won the U.S. presidential election in November and signaling new challenges for Tehran as it remains locked in the wars raging in the Middle East. ...
What happens next with Alex Jones' Infowars? No certainty yet after sale to The Onion is rejected
The Onion's rejected purchase of Infowars in an auction bid supported by families of the Sandy Hook Elementary shooting dealt them a new setback Wednesday and clouded the future of Alex Jones' conspiracy theory platform, which will remain in his control for at least the near future. ...
Judge rejects sale of Alex Jones' Infowars to The Onion in dispute over bankruptcy auction
A federal judge on Tuesday night rejected the auction sale of Alex Jones’ Infowars to The Onion satirical news outlet, criticizing the bidding process as flawed and the amount of money that families of the 2012 Sandy Hook Elementary shooting stood to receive. The Onion had been...
Morgan Stanley Smith Barney to pay $15M penalty to settle SEC charges
Morgan Stanley Smith Barney will pay a $15 million penalty as part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advisory clients’ and brokerage customers’ funds. The settlement announced late...
US added a strong 227,000 jobs in November in bounce-back from October slowdown
WASHINGTON (AP) — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. Last month’s hiring growth was up considerably from a...
Chi-Chi's plans new restaurants more than 20 years after its bankruptcy
Chi-Chi’s is making a comeback. The Mexican chain said this week that it plans to open some new restaurants next year. The locations would be the first since Chi-Chi’s filed for bankruptcy protection in 2003. Michael McDermott, the son of Chi-Chi’s founder, said...
Wall Street parties like it's 1998 as AI fuels gains unmatched since dot-com era
NEW YORK (AP) — The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs this year. That's on top of its 24.2% spurt the year before, a spectacular two-year run unmatched since the dot-com boom. This time around, it's not dot-com stocks...
Is Enron back? If it's a joke, some former employees aren't laughing
HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost...
What to know about the plastic pollution crisis as treaty talks conclude in South Korea
BUSAN, South Korea (AP) — The world’s nations will wrap up negotiating a treaty this weekend to address the global plastic pollution crisis. Their meeting concludes Sunday or early Monday in Busan, South Korea, where many environmental organizations have also flocked to push for...
'Everything is expensive!' Bolivia faces a shocking economic collapse
EL ALTO, Bolivia (AP) — Fuel is rapidly becoming one of Bolivia’s scarcest commodities. Long lines of vehicles snake for several kilometers outside gas stations all over Bolivia, once South America’s second-largest producer of natural gas. Some of the queues don’t budge for...
