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FedEx's forecast cut, signs of stagnation in Germany, drop in oil price and looming political tensions spell trouble for the global economy.
Car sales fell 8.9 percent in Europe in August, with Germany's activity dropping 4.7 percent, according to the European Automobile Manufacturers' Association. Ford Motor Co. (NYSE:F) had the worst month, with a nearly one-third drop in sales.
Three key U.S. housing reports to be released Wednesday are expected to show small improvements in the market, and the Federal Reserve's third round of quantitative easing, or QE3, could accelerate the recovery by boosting demand in coming months, according to industry sources.
General Electric Co. (NYSE: GE) and ING Groep NV (NYSE: ING) may sell their stakes in two Thailand banks, but their message to Asia's 11th largest economy could very well be" "It's not you, it's us.
The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.
The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.
The Federal Reserve's third round of quantitative easing, or QE3, will benefit silver and gold prices by weakening the dollar and increasing risk appetite among investors, according to a report by UBS. But silver will gain the most.
Citi Habitats, the city's largest rental brokerage, said Manhattan's residential vacancy rate jumped to a three-year high in August as rents continued to escalate.
One of the best-performing sectors this year was also one of the hardest hit by the recession: homebuilders, whose stocks have outpaced the broader market with a modest rebound in home prices and increased demand for properties, but much of recovery has unevenly benefited the luxury sector.
The number of U.S. homeowners with negative equity, or underwater mortgages, fell in the second quarter as home prices increased and inventory fell, foreclosure data firm CoreLogic said Wednesday.
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