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Homebuilder Sentiment Stabilizes

Homebuilder confidence stabilized in November after falling for two straight months, though steady home demand was tempered by worries about further fiscal battles in Washington, Reuters reports.

Japanese Economy Shrinks in Third Quarter, Faces Recession

Japan's economy shrank in the third quarter, raising the specter of a recession in the world’s third-largest economy and tempering hopes of a global recovery, the Los Angeles Times reports.

Forecast Predicts Slower but Steady Growth

Economists at the UCLA Anderson Forecast said Thursday that the pace of job growth has slowed in the Golden State, raising fears that structural problems in the labor market will temper future employment gains, the Los Angeles Times reports.

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