Financial crisis

California Legislative Analyst Gabriel Petek, left, and Principal Fiscal and Policy Analyst Ann Hollingshead speak with reporters on Wednesday, Nov. 20, 2019, in Sacramento, Calif. The nonpartisan Legislative Analyst's Office on Wednesday predicted California will have a $7 billion surplus next year. (AP Photo/Adam Beam)
November 20, 2019 - 7:55 pm
SACRAMENTO, Calif. (AP) — California is expected to have a $7 billion budget surplus next year, but lawmakers were urged Wednesday not to spend all of it because a sizable chunk depends on an upcoming decision by the Trump administration as it feuds with state Democratic leaders. A report from the...
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File-This July 31, 2019 file photo shows the Federal Reserve Building in Washington. The Federal Reserve says corporate debt remains at historically high levels but overall the U.S. financial system is resilient, a view in sharp contrast to the problems that led to the 2008 financial crisis. (AP Photo/Patrick Semansky, File)
November 15, 2019 - 5:54 pm
WASHINGTON (AP) — The Federal Reserve said Friday that corporate debt remains at historically high levels but overall the U.S. financial system is resilient, a view in sharp contrast to the problems that led to the 2008 financial crisis. In its twice-yearly “Financial Stability Report,” the Fed...
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FILE - In this Jan. 30, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. (AP Photo/Alex Brandon, File)
October 10, 2019 - 5:01 pm
WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to...
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FILE - In this Aug. 15, 2019, file photo a "Now hiring" sign is displayed on the front door of a Staples store in Manchester, N.H. On Wednesday, Oct. 9, the Labor Department reports on job openings and labor turnover for August. (AP Photo/Charles Krupa, File)
October 09, 2019 - 11:21 am
WASHINGTON (AP) — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers. The Labor Department says employers advertised 7.1 million available jobs in August, down...
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FILE - In this May 23, 2019, file photo, customers shop near a section selling Marvel Avengers toys by American toymaker Hasbro at a toy store in Beijing. The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. (AP Photo/Andy Wong, File)
October 07, 2019 - 3:37 am
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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People wait near the front of a line hundreds of people long for government distributed food and school supplies to some residents of the Cite Soleil slum, in Port-au-Prince, Haiti, Thursday, Oct. 3, 2019. The administration of President Jovenel Moise tried to alleviate Haiti’s economic crunch on Thursday by distributing plates of rice and beans, sacks of rice, and school backpacks filled with four notebooks and two pens. (AP Photo/Rebecca Blackwell)
October 03, 2019 - 3:39 pm
PORT-AU-PRINCE, Haiti (AP) — Marcel Cineus scanned the crowd for hints of a potential customer as people bustled past his wooden stall filled with hundreds of textbooks in the hills of Port-au-Prince. School was supposed to start in early September, and Cineus by now would have sold a couple...
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A party boat cruises on the river Main with the buildings of the banking district in background in Frankfurt, Germany, Friday, Sept. 27, 2019. (AP Photo/Michael Probst)
October 02, 2019 - 5:16 am
BERLIN (AP) — A group of leading think tanks joined the German government and others in cutting its economic forecast for the country on Wednesday, predicting that output will expand only 0.5% this year and 1.1% in 2020. The economic institutes forecast that growth will pick up to 1.4% in 2021...
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People walk home in the dark due to power shortages in Harare, on Monday Sept. 30, 2019. Zimbabwean President Emmerson Mnangagwa is set to present a State of the Nation address Tuesday, at a time the southern African nation is reeling from its worst economic crisis in more than a decade. Zimbabweans are enduring shortages of everything from medicines, fuel, cash and water- bringing a weariness and disgust that has often flared into streets protests. (AP Photo/Tsvangirayi Mukwazhi)
October 01, 2019 - 8:49 am
HARARE, Zimbabwe (AP) — Zimbabwe's opposition lawmakers walked out of Parliament on Tuesday as President Emmerson Mnangagwa presented his state of the nation address, a sign of the political tensions still gripping the country. The opposition Movement for Democratic Change party said it does not...
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A man walks past the Reserve Bank of Australia in Sydney, Tuesday, Oct. 1, 2019. Australia's central bank cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75%, seeking to boost a flagging economy. (AP Photo/Rick Rycroft)
October 01, 2019 - 2:34 am
CANBERRA, Australia (AP) — Australia's central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75%, seeking to boost a flagging economy. The cut follows reductions at the Reserve Bank of Australia board's...
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FILE - In this Sept. 18, 2019, photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 30. (AP Photo/Mark Lennihan, File)
September 30, 2019 - 4:39 pm
NEW YORK (AP) — U.S. stocks climbed on Monday and gave one last nudge to ensure the S&P 500 emerges from yet another tumultuous quarter with a modest gain. As has been the case throughout the quarter, movements in President Donald Trump's trade war with China helped drive the market on Monday...
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