[ad_1] NEW YORK — The S&P 500 closed out 2023 with a gain of more than 24% and the Dow finished near a record high, as easing inflation, a resilient…
Tag: recessions and depressions
Economists predict US inflation will keep cooling and the economy can avoid a recession
[ad_1] NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of…
Moody’s cuts China credit outlook to negative, cites slowing economic growth, property crisis
[ad_1] Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector By ZEN…
Lacking counselors, US schools turn to the booming business of online therapy
[ad_1] Trouble with playground bullies started for Maria Ishoo’s daughter in elementary school. Girls ganged up, calling her “fat” and “ugly.” Boys tripped and pushed her. The California mother watched…
Sweden’s economy shrinks in the third quarter to signal that a recession may have hit the country
[ad_1] Sweden’s economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country ByThe Associated Press…
Bank that handles Infowars money appears to be cutting ties with Alex Jones’ company, lawyer says
[ad_1] HARTFORD, Conn. (AP) — A bank recently shut down the accounts of conspiracy theorist Alex Jones’ media company, citing unauthorized transactions — a move that caused panic at the…
Germany went from envy of the world to the worst-performing major developed economy. What happened?
[ad_1] ESSEN, Germany (AP) — For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery,…
Europe’s economic outlook worsens as high prices plague consumer spending
[ad_1] FRANKFURT, Germany — The European Union has lowered its forecast for economic growth this year and next, saying inflation is taking a heavy toll on people’s willingness to spend…
Puerto Rico board submits third plan in attempt to restructure power company debt of $10 billion
[ad_1] Lawyers have filed a new plan for restructuring $10 billion in debt owed by Puerto Rico’s power company in the latest attempt to end a lengthy bankruptcy process marked…