Financial crisis

426Democratic presidential candidate former Vice President Joe Biden speaks at a drive-in rally at Broward College, Thursday, Oct. 29, 2020, in Coconut Creek, Fla. (AP Photo/Andrew Harnik)
October 30, 2020 - 8:50 am
DES MOINES, Iowa (AP) — When Joe Biden was last in Iowa, his presidential campaign was on the verge of collapse and he was soundly trounced in the caucuses by a former Indiana mayor nearly 40 years his junior. He returns Friday as the Democratic nominee, believing he's just days away from becoming...
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FILE - In this Sept. 24, 2019, file photo a woman walks below a Google sign on the campus in Mountain View, Calif. Five technology giants reported mixed earnings results Thursday, Oct. 29, 2020 a sign of varying fortunes as they try to rebound from an pandemic-related economic slowdown earlier this year. While all five — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — exceeded analyst expectations, gloomy forecasts and other uncertainties led to share-price declines for all but Alphabet in after-market trading. (AP Photo/Jeff Chiu, File)
October 29, 2020 - 6:19 pm
Five technology giants reported strong earnings but mixed outlooks Thursday, a sign of varying fortunes as they work to rebound from a pandemic-related economic slowdown earlier this year. While all five — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — exceeded analyst expectations,...
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FILE - In this Sept. 11, 2020 file photo, European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany. The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn early this year. The bank on Thursday, Oct. 29, made no change to its 1.35 trillion ($1.58 trillion) pandemic emergency bond purchase program, which pumps newly created money into the economy to keep credit flowing to businesses and promote economic activity. Hannibal Hanschke/Pool Photo via AP, File)
October 29, 2020 - 8:21 am
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but signaled that more could be coming at its December meeting given that risks are “clearly tilted to the downside” and new staff projections would make possible “a thorough reassessment...
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Democratic presidential candidate former Vice President Joe Biden leaves after speaking at Mountain Top Inn & Resort, Tuesday, Oct. 27, 2020, in Warm Springs, Ga. (AP Photo/Andrew Harnik)
October 27, 2020 - 9:04 pm
WARM SPRINGS, Ga. (AP) — Joe Biden traveled Tuesday to the hot springs town where Franklin Delano Roosevelt coped with polio to declare the U.S. is not too politically diseased to overcome its health and economic crises, pledging to be the unifying force who can "restore our soul and save this...
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In this Sept. 25, 2020 photo, President Donald Trump does a little dance after speaking at a campaign rally in Newport News, Va. Trump, a man who is famously particular about his appearance, is fully embracing doing a dad dance to the Village People's “YMCA” as the finale to his rallies in the campaign's closing stretch. (AP Photo/Steve Helber)
October 21, 2020 - 1:05 pm
TUCSON, Ariz. (AP) — He adjusts his coat. He gazes out at the crowd. And then he goes for it. President Donald Trump, a man who is famously particular about his appearance, is fully embracing doing a dad dance to the Village People's “YMCA” as the finale to his rallies in the campaign's closing...
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October 19, 2020 - 4:13 am
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably in France, and...
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FILE - In this Sept. 1, 2020 file photo, Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing on Capitol Hill in Washington. The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday, Oct. 16, that the deficit for the budget year that ended on Sept. 30 was three times the size of last year's deficit of $984 billion. (Graeme Jennings/Pool via AP, File)
October 16, 2020 - 1:44 pm
WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday that the deficit for the budget year that...
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FILE — In this Thursday, June 20, 2019 file photo, South African President Cyril Ramaphosa delivers his State of the Nation Address in parliament in Cape Town, South Africa. Ramaphosa announced Thursday, Oct. 15, 2020 that his government will be extending relief measures to the country's poor who have been hurt by the economic downturn caused by COVID-19. (Rodger Bosch/Pool Photo via AP, FILE)
October 15, 2020 - 11:31 am
JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed who have been hurt by the economic downturn caused by the COVID-19 outbreak. Ramaphosa, delivering an economic recovery plan to...
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FILE - In this Wednesday, Sept. 2, 2020, file photo, passers-by walk past a business storefront with store closing and sale signs in Dedham, Mass. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Steven Senne, File)
October 15, 2020 - 7:37 am
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago. Thursday’s report from the Labor Department...
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FILE - In this June 15, 2015, file photo, a Saudi man walks through the Tadawul stock exchange in Riyadh, Saudi Arabia. Saudi Arabia's National Commercial Bank said Sunday, Oct. 11, 2020, it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom's largest bank. (AP Photo/Hasan Jamali, File)
October 11, 2020 - 10:25 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia's National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom's largest bank. The bank will control some $223 billion in assets and a market...
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