Tag: Recessions and depressions

Gap to close all UK, Ireland stores; shifts business online

0
LONDON — In another blow to Britain's retail sector, American clothing company Gap said that it will close all of its stores in the...

US average mortgage rates decline; 30-year at 2.98%

0
WASHINGTON — Mortgage rates declined this week, with the key 30-year loan slipping back below the 3% mark as the economic recovery from the...

Biden to tout economic benefits of infrastructure package

0
WASHINGTON — President Joe Biden is hoping to get the bipartisan infrastructure deal on track by highlighting its expected economic benefits, stressing the $973...

Freed from COVID restrictions, big US banks hike dividends

0
NEW YORK — Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars...

US mortgage rates rise over 3%; 30-year at 3.02%

0
WASHINGTON — Mortgage rates rose above the 3% mark this week for the first time in 10 weeks, as the economic recovery from the...

All big banks pass latest Federal Reserve ‘stress tests’

0
NEW YORK — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday...

Spain’s Cabinet aims for a fresh start by pardoning Catalans

0
MADRID — The Spanish Cabinet is meeting Tuesday to issue pardons for nine imprisoned Catalans who spearheaded the 2017 effort to establish an independent...

Claudette regaining strength after 13 killed in Alabama

0
ATLANTA — Claudette was regaining strength early Monday and expected to return to tropical storm status as it neared the coast of the Carolinas...

US average mortgage rates mostly lower; 30-year at 2.93%

0
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...

Delicate task for Fed: When to pull back on low-rate support

0
WASHINGTON — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first...