Bloomberg Home sales in the US slumped in December, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin. The median home price rose to $289,800 in December, a gain of 1.2 percent, the slowest monthly pace since March 2012. Sales dropped by almost ...

Bloomberg The German economy will have to lean on homegrown support to put the brakes on a slowdown after its worst performance in five years. Record-low unemployment, stronger wage gains and fiscal stimulus will underpin domestic demand after Europe’s growth engine stuttered in the second half of 2018, even though it avoided a recession. With export prospects deteriorating, those buffers ...

General Electric (GE) and Sears have fallen on hard times, and that tells us a lot about US capitalism. Both were once great enterprises — symbols of American ingenuity and imagination. The temptation will be to blame their troubles on mismanagement. The real lesson is starker. It is that no business, no matter how historically innovative or powerful, is guaranteed ...