Recessions and depressions

In this Monday, Jan. 20, 2020 image, Lizzie Chimiugak, right, gets a hug from her granddaughter Janet Lawrence at her home in Toksook Bay, Alaska. Chimiugak, who turned 90 years old on Monday, is scheduled to be the first person counted in the 2020 U.S. Census on Tuesday. (AP Photo/Gregory Bull)
January 21, 2020 - 1:27 pm
TOKSOOK BAY, Alaska (AP) — Lizzie Chimiugak has lived for 90 years in the windswept western wilds of Alaska, born to a nomadic family who lived in mud homes and followed where the good hunting and fishing led. Her home now is an outpost on the Bering Sea, Toksook Bay, and she is about to become the...
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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)
January 16, 2020 - 5:30 pm
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...
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President of European Central Bank Christine Lagarde listens during a press conference after a meeting of the governing council in Frankfurt, Germany, Thursday, Dec. 12, 2019. (AP Photo/Michael Probst)
January 16, 2020 - 8:04 am
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 Dec. 12...
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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)
January 14, 2020 - 12:50 pm
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...
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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)
January 14, 2020 - 8:52 am
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...
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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)
January 10, 2020 - 1:02 am
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 0.5% to finish at 23,850.57. Australia's S&P/ASX 200 rose 0.8% to 6,929.00. South Korea's Kospi...
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January 08, 2020 - 3:35 am
BERLIN (AP) — German factory orders dropped 1.3% in November compared with the previous month, pushed down by a drop in foreign demand and low bulk orders. The drop in orders, an important indicator for Europe's biggest economy, followed a modest gain of 0.2% in October. The Economy Ministry said...
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FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. On Thursday, Jan. 2, 2020, the Federal Reserve releases minutes from its December meeting when it kept its key interest rate unchanged. (AP Photo/Jacquelyn Martin, File)
January 03, 2020 - 1:28 pm
WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December meeting,...
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FILE - In this March 27, 2019, file photo people work on the Boeing 737 MAX 8 assembly line during a brief media tour in Boeing's 737 assembly facility in Renton, Wash. On Friday, Jan 3, 2020, the Institute for Supply Management, an association of purchasing managers, reports on activity by U.S. manufacturers in December. (AP Photo/Ted S. Warren, File)
January 03, 2020 - 9:49 am
WASHINGTON (AP) — U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year's global economic slowdown. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index...
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The sun rises over the buildings of the banking district in Frankfurt, Germany, on a misty Wednesday, Jan. 1, 2020. (AP Photo/Michael Probst)
January 03, 2020 - 3:33 am
BERLIN (AP) — Germany's unemployment rate ticked up to 4.9% in December as the labor market in Europe's biggest economy showed some signs of economic weakness, though it remained generally robust. The Federal Labor Agency said Friday that the unadjusted jobless rate, the headline figure in Germany...
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