Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …

Q3 2021 TransUnion Credit Industry Insights Report (CIIR) was released on Tuesday, showing increased consumer credit activity as the economy reopened. Canada’s Credit Industry Indicator (CII) rose to 101.7 points, up eight points from Q2 2021 and up 38 points from the lowest point in the pandemic (August 2020 at …

China’s top leadership made stability its top economic priority for next year, indicating that it will redouble efforts to support the economy as growth slows, analysts say.At a Monday meeting led by President Xi Jinping, China’s Politburo vowed to expand domestic demand, promote the healthy development of the property industry, …

European stocks jumped 2.5% on Tuesday, boosted by a solid rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.Likewise, the continent-wide STOXX 600 Index witnessed its best session since last November, bouncing back to levels before …

Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …

The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue …

The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …

In its monthly Short Term Energy Outlook (STEO) report, the US Energy Information Administration has raised its forecast for 2022 world oil demand growth by 200000 barrels per day (BPD).This data was released on Tuesday, and now demand growing 3.55M BPD YoY next year. The EIA STEO cut its forecast …

White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …

Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to COVID-era lows a month earlier.The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained in modestly pessimistic territory. Readings above …