Recessions and depressions

FILE - In this March 11, 2019, file photo trader John Panin, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 26. (AP Photo/Richard Drew, File)
April 26, 2019 - 1:23 pm
Major U.S. stock indexes moved sideways in afternoon trading Friday as investors weighed a report showing solid U.S. economic growth and a mixed bag of corporate earnings reports. Small-company stocks rose much more than the rest of the market, which was on track to finish the week slightly higher...
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FILE - In this Dec. 31, 2018, photo a Washington state ferry sails on a foggy day near cranes at the Port of Seattle. On Friday, April 26, 2019, the Commerce Department issues the first estimate of how the U.S. economy performed in the January-March quarter. (AP Photo/Ted S. Warren, File)
April 26, 2019 - 9:58 am
WASHINGTON (AP) — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product...
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FILE - In this March 12, 2019, file photo, trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File)
April 23, 2019 - 6:54 pm
The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
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Australian Prime Minister Scott Morrison, second left, shakes hands with Governor General Peter Cosgrove as he leaves Government House in Canberra, Thursday, April 11, 2019, after a meeting to dissolve parliament and head for a Federal Election. (Mick Tsikas/AAP Image via AP)
April 10, 2019 - 7:31 pm
CANBERRA, Australia (AP) — Australia's prime minister on Thursday called a May 18 election that will be fought on issues including climate change, asylum seekers and economic management. "We live in the best country in the world," Prime Minister Scott Morrison told reporters after advising the...
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FILE- In this Feb. 5, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 5. (AP Photo/Richard Drew, File)
April 05, 2019 - 12:58 pm
Stocks moved broadly higher Friday afternoon on Wall Street after a better-than-expected report on U.S. jobs eased worries that the economy is slowing too sharply. Health care, energy and technology stocks accounted for much of the rally, which placed the benchmark S&P 500 index on track for...
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FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 10:43 am
WASHINGTON (AP) — Hiring in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February's scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8%, near the...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 3:52 am
BEIJING (AP) — Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union. Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday's...
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People are reflected on the electronic board of a securities firm in Tokyo, Tuesday, April 2, 2019. Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data.(AP Photo/Koji Sasahara)
April 02, 2019 - 12:43 am
BEIJING (AP) — Asian stock prices followed Wall Street higher Tuesday on encouraging global economic data. Benchmarks in Shanghai, Tokyo and Seoul all advanced. Oil prices advanced again, adding to Monday's big gains. Investors were encouraged by manufacturing indicators that showed activity in...
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FILE - In this Feb. 7, 2019 file photo White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington. On Friday, March 29, 2019, Kudlow called on the Federal Reserve to cut its key interest rate by a half-percentage point. Kudlow said that the Fed should do more to help the economy by cutting rates. It signaled last week that it expected to keep rates unchanged for this entire year after raising its benchmark rate four times in 2018 to the current level of 2.25 percent to 2.5 percent. (AP Photo/Susan Walsh, file)
March 29, 2019 - 5:08 pm
WASHINGTON (AP) — A top Trump administration official on Friday called on the Federal Reserve to cut its key interest rate by a half-percentage point. Larry Kudlow, head of the president's National Economic Council, said in an interview with CNBC that the Fed should do more to help the economy by...
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March 29, 2019 - 11:29 am
WASHINGTON (AP) — President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world's most influential central bank. Moore is a former Trump...
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