December 15 (Wednesday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on December 13.

Markets
U.S. Stocks Extend Monday’s Losses | W

Central banks
BOJ’s Kuroda says inflation may approach 2% target through ‘various channels’ | R
The Federal Reserve is expected to take a very big step toward its first rate hike | C
Investors Should Care About the Logic Behind the ‘Powell Pivot’ | W
Fed mistake is behind surging housing, auto prices, Peter Boockvar says | C

US
U.S. Senate approves boosting debt limit to $31.4 trillion, sends to House | R
U.S. Producer Prices Climbed Sharply in November | W
Millennials Are Supercharging the Housing Market | W

China
China retail sales grow by 3.9% in November, slower than expected | C
Xi Jinping says China must be ‘self-sufficient’ in energy, food and minerals amid global challenges | SCMP
China Fines Weibo for Spreading ‘Illegal Information’ | W

Japan
Japan admits overstating GDP component data for years | R

Geopolitics & trade
U.S. House passes measure clamping down on products from China’s Xinjiang | R

Corporate finance
Biden Administration Presses to Scrutinize Bank Mergers, Potentially Delaying Deals | W

Virus
Covid booster dose is crucial against omicron variant, here’s why | C
Omicron is spreading faster than any other Covid variant, WHO warns | C
Google employees to lose pay if don’t comply with vaccination policy | C
Kroger to End Some Covid-19 Benefits for Unvaccinated Workers | W
JPMorgan Tells Unvaccinated Workers To Stay Home | W

Technology
Heating Your Home Is Expensive and Carbon Heavy. Will Heat Pumps Help? | W