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Dollar Down, Investors Digest Surprise PBOC Benchmark Cut

J.P. Morgan CEO Jamie Dimon remarked that there could be “six or seven” interest rate hikes in 2022.

IMF Chief Georgieva Tells Creditors on Debt Restructuring: ‘Get It Done’

“Why would they participate if it takes forever, and during that time, they are still expected to service debt?” she said.

ECB Likely to Keep Buying Bonds Through 2022; Could Resume PEPP – Report

As a result, bond purchases under the 1.85 trillion euro Pandemic Emergency Purchase Programme (PEPP) will end next March.

U.S. Cyber Monday Sales Top $7 Billion – Adobe Data

Adobe expects shoppers to spend between $10.4 billion and $11.1 billion.

Food, Gas Prices Pinch Families as Inflation Surges Globally

The recent pickup in inflation has caught business leaders and economists around the world by surprise.

Facebook Earnings Top $9 Billion, but Apple Change Puts Sales in the Hot Seat

Facebook’s revenue misses expectations, as does its forecast for sales, as CFO says Apple’s new iOS policy will cause ‘headwinds’.

Major Cryptocurrency Project Terraform Labs Is Suing the SEC

In a flipping of the script, a leading cryptocurrency project and its co-founder are suing the Securities and Exchange Commission.

Bank of Canada Not Planning to Launch Digital Currency For Sometime

If people started using paper money and coins less, that might present the bank with a stronger case for bringing in its own digital currency.