Tag: Recessions and depressions
Gap to close all UK, Ireland stores; shifts business online
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%
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
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
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%
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’
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
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
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%
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
WASHINGTON — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first...