The Traderszone Network

World stock markets can be broken up between the U.S. and the rest of the world. Right now, the U.S. is winning but will it last for long?

China cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market. Yet some analysts cautioned investors against thinking that the housing market and broader economy were poised to stage a stunning recovery. The housing downturn has weighed on already soft demand in China, dampening consumer confidence and slashing demand for related products from home appliances to glass, cement and steel.

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Today marks the end of the federal government’s fiscal year. It’s also the biggest one-day shopping spree of the year– the day when federal agencies rush to spend the last of their money before October 1, before anything left over is returned to the Treasury. Since agencies cannot carry over unspent funds, the idea is “use it or lose it.” If they don’t spend the money, Congress may not allocate as much the following year. Last year, the government spent about $50 billion the week before October 1, according to NPR’s Shankar Vedantam.

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Consumers turned pessimistic on the economy in September, bringing a four-month win streak to an abrupt halt.

Ask any Fed official and he or she will tell you there’s nothing the central bank can’t do when it comes to managing the economy — something Irwin Kellner says isn’t exactly true.
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Costco has been a consistent winner for investors, but it faces several key long-term threats.

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PayPal hasn’t aged so gracefully, but eBay’s decision to spin it off next year could give it renewed life. Re/code reports.