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Tag: Recessions and depressions

Free Starlink access for Iran seen as game changer for demonstrators

January 14, 2026January 19, 2026 · Technology

BANGKOK — Iranian demonstrators’ ability to get details of bloody nationwide protests out to the world has been given a strong boost, with SpaceX’s Starlink satellite internet service…

Read more Free Starlink access for Iran seen as game changer for demonstrators

Lebanon signs gas exploration deal with international consortium amid economic crisis

January 9, 2026January 11, 2026 · Finance

BEIRUT — BEIRUT (AP) — Lebanon ’s government on Friday signed a deal with an international consortium to explore gas in an offshore area bordering Israel. The deal…

Read more Lebanon signs gas exploration deal with international consortium amid economic crisis

Consumer confidence slides in December to lowest level since US tariffs rolled out

December 23, 2025December 23, 2025 · Finance

WASHINGTON — Consumers confidence in the economy was shaken in December as Americans grow anxious about high prices and the impact of President Donald Trump’s sweeping tariffs. The…

Read more Consumer confidence slides in December to lowest level since US tariffs rolled out

Wall Street climbs to more records on hopes for cuts to interest rates

September 5, 2025September 5, 2025 · Breaking News

NEW YORK — U.S. stocks are rising further into record heights on Friday after the latest disappointing signal on the job market bolstered expectations that the Federal Reserve…

Read more Wall Street climbs to more records on hopes for cuts to interest rates

Average rate on a 30-year mortgage slips to 10-month low

August 28, 2025August 31, 2025 · Finance

MCLEAN, Va. — The average rate on a 30-year U.S. mortgage slipped this week to its lowest level in 10 months, but remains close to where it’s been…

Read more Average rate on a 30-year mortgage slips to 10-month low

What to know about the delisting of property developer China Evergrande’s shares in Hong Kong

August 25, 2025August 25, 2025 · Finance

BANGKOK — Shares in China Evergrande were removed from the Hong Kong Stock Exchange on Monday, marking another step in the retreat of the giant real estate developer…

Read more What to know about the delisting of property developer China Evergrande’s shares in Hong Kong

Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction

November 7, 2024November 7, 2024 · Technology

Conspiracy theorist Alex Jones’ Infowars broadcasts could end next week as he faces a court-ordered auction of his company’s assets to help pay the more than $1 billion…

Read more Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction
Court approves Tupperware’s sale to lenders, paving way for brand’s exit from bankruptcy

Court approves Tupperware’s sale to lenders, paving way for brand’s exit from bankruptcy

October 31, 2024October 31, 2024 · Lifestyle

NEW YORK (AP) — A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food storage company to soon exit…

Read more Court approves Tupperware’s sale to lenders, paving way for brand’s exit from bankruptcy
Today in History: October 29, ‘Black Tuesday’ signals start of Great Depression

Today in History: October 29, ‘Black Tuesday’ signals start of Great Depression

October 28, 2024October 28, 2024 · Boston, Massachusetts Local News

Today is Tuesday, Oct. 29, the 303rd day of 2024. There are 63 days left in the year. Today in history: On Oct. 29, 1929, “Black Tuesday’ descended…

Read more Today in History: October 29, ‘Black Tuesday’ signals start of Great Depression
Jobs report is likely to show another month of modest but steady hiring gains

Jobs report is likely to show another month of modest but steady hiring gains

October 4, 2024October 4, 2024 · US News

WASHINGTON — The U.S. labor market is still reliably cranking out jobs each month, enough to give Americans the confidence and paychecks to keep spending and sustaining the…

Read more Jobs report is likely to show another month of modest but steady hiring gains
Collapse of national security elites’ cyber firm leaves bitter wake

Collapse of national security elites’ cyber firm leaves bitter wake

October 3, 2024October 3, 2024 · Technology

WASHINGTON — The future was once dazzling for IronNet. Founded by a former director of the National Security Agency and stacked with elite members of the U.S. intelligence…

Read more Collapse of national security elites’ cyber firm leaves bitter wake
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition

September 30, 2024September 30, 2024 · Finance

MILAN — Carmaker Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump…

Read more Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
NTSB engineer says carbon fiber hull from submersible showed signs of flaws

NTSB engineer says carbon fiber hull from submersible showed signs of flaws

September 25, 2024September 27, 2024 · Technology

The carbon fiber hull of the experimental submersible that imploded en route to the wreckage of the Titanic had imperfections dating to the manufacturing process and behaved differently…

Read more NTSB engineer says carbon fiber hull from submersible showed signs of flaws
OceanGate co-founder says he hopes submersible tragedy yields renewed interest in exploration

OceanGate co-founder says he hopes submersible tragedy yields renewed interest in exploration

September 23, 2024September 23, 2024 · Technology

The co-founder of the company that owned the experimental submersible that imploded en route to the wreckage of the Titanic told a Coast Guard panel Monday that he…

Read more OceanGate co-founder says he hopes submersible tragedy yields renewed interest in exploration
Stock market today: Wall Street romps toward records as jubilation sweeps markets worldwide

Stock market today: Wall Street romps toward records as jubilation sweeps markets worldwide

September 19, 2024September 19, 2024 · Finance

NEW YORK — Wall Street is romping toward records Thursday as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P…

Read more Stock market today: Wall Street romps toward records as jubilation sweeps markets worldwide
Tupperware lifts the lid on its financial problems with bankruptcy filing

Tupperware lifts the lid on its financial problems with bankruptcy filing

September 18, 2024September 23, 2024 · Lifestyle

NEW YORK (AP) — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women…

Read more Tupperware lifts the lid on its financial problems with bankruptcy filing
A key employee who called the Titan unsafe will testify before the Coast Guard

A key employee who called the Titan unsafe will testify before the Coast Guard

September 17, 2024September 17, 2024 · Technology

A key employee who labeled an experimental submersible unsafe prior to its last, fatal voyage was set to testify Tuesday before U.S. Coast Guard investigators. David Lochridge is…

Read more A key employee who called the Titan unsafe will testify before the Coast Guard
59% of Americans wrongly think the U.S. is in a recession, report finds

59% of Americans wrongly think the U.S. is in a recession, report finds

August 12, 2024August 12, 2024 · Real Estate

We are not in a recession “Right now we have a ‘Goldilocks’ economy,” said Gene Goldman, chief investment officer at Cetera Financial Group in El Segundo, California. The country’s economy…

Read more 59% of Americans wrongly think the U.S. is in a recession, report finds
Jamie Dimon says he still sees a recession on the horizon

Jamie Dimon says he still sees a recession on the horizon

August 7, 2024August 8, 2024 · Banking

JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession…

Read more Jamie Dimon says he still sees a recession on the horizon
What are carry trades and how did they contribute to this week’s global market mayhem?

What are carry trades and how did they contribute to this week’s global market mayhem?

August 6, 2024August 6, 2024 · Finance

BANGKOK — The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.” Japan’s benchmark Nikkei 225 plunged…

Read more What are carry trades and how did they contribute to this week’s global market mayhem?
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