Financial crisis

People are reflected in a window as they walk past the Australian Stock Exchange in Sydney, Thursday, Aug. 15, 2019. Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. (AP Photo/Rick Rycroft)
August 15, 2019 - 4:52 am
LONDON (AP) — Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on...
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Specialist Mario Picone works on the floor of the New York Stock Exchange, Wednesday, Aug. 14, 2019. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. (AP Photo/Richard Drew)
August 14, 2019 - 8:37 pm
BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-...
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FILE - In this July 30, 2019 file photo, trader Gregory Rowe works on the floor of the New York Stock Exchange. An economic alarm bell is sounding in the U.S. and sending warnings of a potential recession. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, Aug. 14, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. (AP Photo/Richard Drew)
August 14, 2019 - 12:23 pm
NEW YORK (AP) — Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It's getting more alarmed. Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on the 10-year Treasury briefly fell...
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FILE - In this Jan. 16, 2018 file photo, Adam Neumann, center, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq in New York. Office space-sharing company WeWork is getting ready to go public, adding to a growing list of tech businesses making such a move this year. WeWork, which recently renamed itself The We Co., said in a regulatory filing Wednesday, Aug. 14, 2019 that it now has 527,000 memberships across 29 countries. (AP Photo/Mark Lennihan, File )
August 14, 2019 - 11:05 am
NEW YORK (AP) — WeWork's parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market. Founded as a co-working space in Manhattan...
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A messenger representing the Inter American University of Puerto Rico Law School files paperwork regarding Pedro Pierluisi, recently sworn in as the island's governor, in San Juan, Puerto Rico, Tuesday, Aug. 6, 2019. Attorneys submitted arguments by a Tuesday noon deadline in what many consider the biggest decision in the 119-year history of Puerto Rico’s Supreme Court: who will be the governor of the U.S. territory mired in political and economic turmoil. (AP Photo/Dennis M. Rivera Pichardo)
August 06, 2019 - 2:24 pm
SAN JUAN, Puerto Rico (AP) — Attorneys submitted arguments by a Tuesday noon deadline in what many consider the biggest decision in the 119-year history of Puerto Rico's Supreme Court: who will be the governor of the U.S. territory mired in political and economic turmoil. After a sustained protest...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 9:56 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 3:59 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 12:11 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook. The Fed also repeated a pledge to "act...
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July 30, 2019 - 4:12 am
FRANKFURT, Germany (AP) — Germany's highest court has upheld a new European system of bank supervision aimed at preventing financial crises and expensive taxpayer bailouts. The Federal Constitutional Court said in a ruling issued Tuesday that the governments of the 28 European Union nations did not...
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FILE - In this July 10, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington. Powell has signaled that rising economic pressures, notably from President Donald Trump’s trade wars and from a global slowdown, have become cause for concern. (AP Photo/Susan Walsh, File)
July 29, 2019 - 10:22 am
WASHINGTON (AP) — There's little dispute that the Federal Reserve this week will do something it hasn't done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate. This time, by contrast, the economy is solid by most measures. Consumers are spending...
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