Financial crisis

FILE- In this Feb. 5, 2018, file photo, Jerome Powell arrives to take the oath of office as Federal Reserve Board chair at the Federal Reserve in Washington. On Friday, Feb. 23, the Federal Reserve will issue its semi-annual monetary report to Congress, which its new chairman, Powell, will testify about on Capitol Hill next week. (AP Photo/Andrew Harnik, File)
February 23, 2018 - 6:31 pm
WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant gradual increases in interest rates this year, delivering the same steady-as-it-goes message under new leader Jerome Powell as it had provided under Janet Yellen. The Fed's projection on...
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Syrian refugees register their names at the Azraq refugee camp job centre for employment on Sunday, Feb. 18, 2018, about 100 kilometres (62 miles) east of Amman, Jordan. Jordan has promised to provide thousands of work permits for Syrian refugees in exchange for development assistance funds and reduced tariff barriers on Jordanian exports to Europe. (AP Photo/Raad Adayleh)
February 18, 2018 - 10:50 am
AZRAQ REFUGEE CAMP, Jordan (AP) — A job center opened Sunday in Jordan's second largest camp for Syrian refugees, the latest sign of an EU-backed policy shift meant to improve the lives of the displaced in regional host countries and discourage them from migrating onward. Dozens of refugees crowded...
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FILE - In this file photo dated Friday, Feb. 18, 2005, High Commissioner for Refugees Ruud Lubbers speaks to reporters at UN headquarters in New York. Longest-serving Dutch premier, Lubbers who guided his country through economic turmoil to prosperity, and helped shape the foundations of the European Union, has died at age 78, the Dutch government announced Wednesday Feb. 14, 2018. (AP Photo/David Karp, FILE)
February 14, 2018 - 1:21 pm
THE HAGUE, Netherlands (AP) — Ruud Lubbers, the Netherlands' longest-serving prime minister who guided his country through economic turmoil to prosperity and helped shape the foundations of the European Union, died Wednesday at 78. The Dutch government announced that Lubbers died in Rotterdam...
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A Chinese investor monitors stock prices at a brokerage house in Beijing, Monday, Feb. 12, 2018. Asian stock markets are mostly higher after Wall Street gained following a week of history-making losses. (AP Photo/Mark Schiefelbein)
February 12, 2018 - 12:34 am
BEIJING (AP) — Asian markets rose Monday after Wall Street gained following a turbulent week. KEEPING SCORE: The Shanghai Composite Index rose 0.4 percent to 3,141.58 and Hong Kong's Hang Seng added 0.5 percent to 29,656.44. Japanese markets were closed for a holiday. Seoul's Kospi advanced 1.2...
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A Chinese investor monitors stock prices at a brokerage house in Beijing, Monday, Feb. 12, 2018. Asian stock markets are mostly higher after Wall Street gained following a week of history-making losses. (AP Photo/Mark Schiefelbein)
February 11, 2018 - 10:39 pm
BEIJING (AP) — Asian markets rose Monday after Wall Street gained following a week of history-making losses. KEEPING SCORE: The Shanghai Composite Index rose 0.3 percent to 3,140.59 and Hong Kong's Hang Seng added 0.5 percent to 29,661.79. Seoul's Kospi added 0.8 percent to 2,382.14 while Sydney's...
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Specialist Jay Woods works at his post on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018, as the chart behind him shows the day's Dow Jones industrial average volatility. (AP Photo/Richard Drew)
February 09, 2018 - 5:19 pm
NEW YORK (AP) — The stock market isn't the only thing dropping. Bonds, which are supposed to be the safe part of every investor's portfolio, have faltered, too. In what's been a rude awakening for some investors, bond funds have lost ground these past couple of weeks, unlike in past downturns for...
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A man walks past the Athens University with the statue of Greek national hero Rigas Fereos in central Athens, on Thursday, Feb. 8, 2018. Greece has launched a seven-year bond auction, in the first major step this year toward a return to the markets. The country's third successive bailout, funded by other Eurozone countries, ends this August. (AP Photo/Petros Giannakouris)
February 08, 2018 - 2:34 pm
ATHENS, Greece (AP) — Investors bought strongly Thursday into a bond issue designed to help wean Greece off its international bailouts, in what officials see as an endorsement of efforts to right the country's battered economy. Officials said Greece raised about 3 billion euros ($3.7 billion) from...
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The Charging Bull sculpture by Arturo Di Modica, in New York's Financial District, is shown in this photo, Wednesday, Feb. 7, 2018. The current bull market is set to turn nine years old in about a month. As of Jan. 26, the date of the last market record, the S&P 500 had more than quadrupled over that time. The market had made big gains over the last year, and many experts felt stocks were overdue for a slump. (AP Photo/Richard Drew)
February 07, 2018 - 10:14 pm
SEOUL, South Korea (AP) — Asian stock markets were mixed Thursday with some benchmarks erasing early morning gains. Investors remained skittish after this week's financial turmoil and overnight losses on Wall Street. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.3 percent to 21,700.94 while South Korea'...
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An investor monitors stock prices at a brokerage house in Beijing, Tuesday, Feb. 6, 2018. Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years. (AP Photo/Mark Schiefelbein)
February 06, 2018 - 7:15 am
LONDON (AP) — Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that a potentially healthy pullback from record highs could turn into a bear market. Hopes that Wall Street won't repeat the scale of Monday's losses helped...
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FILE - In this Friday, May 5, 2017, file photo, Federal Reserve Chair Janet Yellen smiles before giving a speech during a conference at Brown University in Providence, R.I. Yellen's last day at the Fed is Friday, Feb. 2, 2018. Then she will start a new job on Monday, Feb. 5 at the Brookings Institution. (AP Photo/Michael Dwyer, File)
February 04, 2018 - 1:26 pm
WASHINGTON (AP) — Janet Yellen said she was disappointed that President Donald Trump didn't offer her a second term as Federal Reserve chair, but supports her central bank successor, Jerome Powell, who takes over on Monday. Powell, a Fed board member since 2012, is "thoughtful, balanced, dedicated...
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