Recessions and depressions

FILE - In this March 12, 2020, file photo, specialist Meric Greenbaum, center, works with traders on the floor of the New York Stock Exchange. U.S. stocks are dipping modestly in early trading Tuesday, July 7, 2020, as expanding coronavirus outbreaks dim hopes for a speedy recovery. (AP Photo/Richard Drew, File)
July 07, 2020 - 11:02 pm
TOKYO (AP) — Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. The selling followed a deeper pullback on Wall Street and in France, Germany and elsewhere after the European Union’s executive arm said this year’s...
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FILE - In this April 5, 2020 file photo, Mexican President Andres Manuel Lopez Obrador speaks at the National Palace in Mexico City. For his first foreign trip as president, López Obrador travels to Washington Tuesday, July 7, 2020 to meet with President Donald Trump. (AP Photo/Eduardo Verdugo, File)
July 07, 2020 - 10:26 pm
MEXICO CITY (AP) — For his first foreign trip as president, Mexico’s Andrés Manuel López Obrador travels to Washington Tuesday to meet with President Donald Trump, who has repeatedly taken shots at Mexico and Mexican migrants to rally his base. The visit, coming just four months before U.S...
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Instacart worker Saori Okawa loads groceries into her car for home delivery on Wednesday, July 1, 2020, in San Leandro, Calif. Okawa is one of an estimated 1.5 million so-called gig workers who make a living driving people to airports, picking out produce at grocery stores or providing childcare for working parents. But with the pandemic pummeling the global economy and U.S. unemployment reaching heights not seen since the Great Depression, gig workers are clamoring for jobs that often pay less while facing stiff competition from a crush of newly unemployed workers also attempting to patch together a livelihood until the economy recovers. (AP Photo/Ben Margot)
July 05, 2020 - 12:34 pm
NEW YORK (AP) — There were the two-hour, unpaid waits outside supermarkets when San Francisco first started to lock down, on top of the heavy shopping bags that had to be lugged up countless flights of stairs. And yet even after signing up for several apps, 39-year-old Saori Okawa still wasn't...
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Germany's Chancellor Angela Merkel walks, prior to a joint press conference with EU Commission President Ursula von der Leyen via videolink, in the foyer of the Federal Chancellery, in Berlin, Thursday, July 2, 2020. Merkel joined the President of the EU Commission, the three executive Vice-Presidents, the Commissioner for External Relations and the Commissioner for Internal Affairs to discuss the work programme as Germany took over the presidency of the Council of the EU. (Kay Nietfeld/dpa via AP)
July 03, 2020 - 5:12 am
BERLIN (AP) — German Chancellor Angela Merkel pushed Friday for a quick agreement on a recovery fund aimed at pulling the European Union out of the coronavirus recession, arguing that “every day counts.” Germany, which has the EU's biggest economy and most populous country, took over the rotating...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)
July 02, 2020 - 11:26 pm
Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. Tokyo's Nikkei 225 index picked up 0.3% to 22,220.33, while the Shanghai Composite index jumped 1.3% to 3,130.62. In South Korea, the Kospi gained 0.6% to 2,148.24, and Australia's S&P/ASX 200 rose 0.6...
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Wearing masks amid concerns of the spread of COVID-19, volunteers Karen Cooperstein, right, and Edwin Chinchilla, left, prepare food for the pubic during a drive through food pantry distribution by Catholic Charities in Dallas, Thursday, July 2, 2020. (AP Photo/LM Otero)
July 02, 2020 - 4:27 pm
WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the...
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A woman wearing a mask passes the New York Stock Exchange, Tuesday, June 30, 2020, during the coronavirus pandemic. (AP Photo/Mark Lennihan)
June 30, 2020 - 4:46 pm
Wall Street capped its best quarter since 1998 Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge. The S&P 500 climbed 1.5%, bringing its gain for the quarter to nearly 20%. That rebound...
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Britain's Prime Minister Boris Johnson visits the construction site of Ealing Fields High School in west London, Monday June 29, 2020. (Toby Melville/Pool via AP)
June 29, 2020 - 7:31 am
LONDON (AP) — Prime Minister Boris Johnson acknowledged Monday that the coronavirus pandemic has been a “disaster” for Britain, as he announced a spending splurge designed to get the country — and his faltering Conservative government — back on track. As the U.K. emerges from a three-month lockdown...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 29, 2020. Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. (AP Photo/Eugene Hoshiko)
June 28, 2020 - 11:56 pm
BANGKOK (AP) — Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. Tokyo’s Nikkei 225 index lost 1.3% in early trading. Shares also fell in Hong Kong, Sydney, Shanghai and South Korea. Investors have been...
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FILE - In this June 25, 2020, file photo Democratic presidential candidate, former Vice President Joe Biden pauses while speaking during an event in Lancaster, Pa. Biden and his leading supporters are stepping up warnings to Democrats to avoid becoming complacent. (AP Photo/Matt Slocum, File)
June 27, 2020 - 12:36 am
President Donald Trump is entering the final four-month stretch before Election Day presiding over a country that faces a public health crisis, mass unemployment and a reckoning over racism. His Democratic challenger, Joe Biden, is raking in cash. And a series of national and battleground polls...
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