U Mich. Consumer Sentiment Unexpectedly Rises

Consumer confidence unexpectedly rose in October from the previous month, indicating the biggest part of the economy will help keep the U.S. recovery intact.

Is Ford (F) CEO Alan Mulally, Right About An Economic Recovery?

With so much turmoil surrounding the stock market this week, a lot of investors are left scratching their heads and wondering if the U.S. economy is really in recovery, or if a double-dip recession is looming on the horizon.

According to Alan Mulally, CEO of Ford Motor (F), people should try to relax a little and accept that the economy is definitely in recovery, but it will be a long process that requires a bit of patience on everyone's part. When asked in a recent interview about his view on the economy, Mulally stated that "we're generally on the right track", but went on to say that it was going to a prolonged process and that it will be a slower recovery than we have ever had.

Shares fall on eurozone debt and world economy fears

US and European shares have both fallen as concerns continue about the high level of eurozone debt, as well as the risk of a return to recession on both sides of the Atlantic.

Wall Street's main Dow Jones index was down 1.9%, while France's Cac fell 1.1% and Germany's Dax closed 1% lower.

In London, the FTSE 100 index bucked the trend, rising 1.1%.