Financial crisis

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 - 11:37 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-...
Read More
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 - 3:23 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...
Read More
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 - 2:05 pm
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...
Read More
Presidential candidate Alberto Fernandez addresses supporters at the "Frente de Todos" party headquarters after primary elections in Buenos Aires, Argentina, Sunday, Aug. 11, 2019. The "Frente de Todos" presidential ticket with former President Cristina Fernández emerged as the strongest vote-getter in Argentina’s primary elections Sunday, indicating conservative President Mauricio Macri will face an uphill battle going into general elections in October. (AP Photo/Sebastian Pani)
August 12, 2019 - 2:46 pm
BUENOS AIRES, Argentina (AP) — Argentine stocks and currency plummeted on Monday after Argentine President Mauricio Macri was snubbed by voters who appeared to hand a resounding primary victory to a populist ticket with his predecessor, Cristina Fernández. The preliminary results from Sunday's...
Read More
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 - 5:24 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...
Read More
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)
August 01, 2019 - 12:56 am
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...
Read More
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 - 6:59 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...
Read More
July 30, 2019 - 7:12 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...
Read More
Scotland's First Minister Nicola Sturgeon, right, shakes hands with Britain's Prime Minister Boris Johnson, outside Bute House, ahead of their meeting, in Edinburgh, Scotland, Monday July 29, 2019. Johnson made his first official visit as British prime minister to Scotland, pledging to boost "the ties that bind our United Kingdom" amid opposition from Scottish leaders to his insistence on pulling Britain out of the European Union with or without a deal. (Jane Barlow/PA via AP)
July 29, 2019 - 12:08 pm
LONDON (AP) — Prime Minister Boris Johnson pushed Britain closer to a no-deal exit from the European Union on Monday, insisting he will not hold Brexit talks with EU leaders unless the bloc lifts its refusal to reopen the existing divorce deal. Johnson is trying to pressure the EU to give ground by...
Read More
Sen. Elizabeth Warren, D-Mass., speaks about a bill to cancel student loan debt, Tuesday, July 23, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 26, 2019 - 2:30 pm
WASHINGTON (AP) — Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she's staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis. The...
Read More

Pages