Recessions and depressions
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News
Homebuyer shortage forces many sellers to lower prices, walk away as slump drags on
LOS ANGELES — Skyrocketing housing values and a shortage of homes on the market gave homeowners the upper hand for…
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Puerto Rico seeks to lure manufacturing to boost economy as Trump tariff war deepens
SAN JUAN, Puerto Rico — A global trade war is offering Puerto Rico hope as the U.S. territory, attempts to…
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US, global economic outlook worsens in the face of Trump’s tariffs, IMF says
WASHINGTON — The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump’s…
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Frontier makes a second bid for Spirit with budget airlines struggling
NEW YORK — Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which…
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Blink Fitness, an affordable gym operator, files for Chapter 11 bankruptcy
NEW YORK — Gym operator Blink Fitness has filed for Chapter 11 bankruptcy protection. Blink, an Equinox-owned chain with more…
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Why are so many voters frustrated by the US economy? It’s home prices
WASHINGTON — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason…
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OxyContin maker bankruptcy deal goes before the Supreme Court on Monday
WASHINGTON — The Supreme Court is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield…
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News
Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for a minimum of $85 million
Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012…
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Major US pharmacy chain Rite Aid files for bankruptcy
Major U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as…
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Death toll in collapsed Zimbabwe gold mine expected to rise, vice president says
HARARE, Zimbabwe — The death toll from a shaft collapse at a disused gold mine in Zimbabwe was expected to…
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