U.S. companies borrowed 3 percent less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic outlook.
New reports indicate that the most wealthy people in the world are reportedly more significantly well-off fiscally since the start of the coronavirus pandemic.
Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the Bubble peak even after adjustment for consumer price inflation.
Democratic Sen. Joe Manchin of West Virginia is on track to resume negotiations with the White House and other Democrats on President Joe Biden's signature $1.75 trillion Build Back Better spending package, Axios reported Sunday.