US economy ‘resilient’ to global turmoil, White House says

The president’s spokeswoman, Karine Jean-Pierre, said the United States was “in a better position than other countries”. The US executive believes that the world’s leading power “remains resilient in the face of global challenges“, said the White House on Wednesday after a meeting of several ministers and advisers around President Joe Biden. The team judged … Read more

the partial cancellation of student debt estimated at 400 billion dollars

President Joe Biden’s decision to partially erase the colossal American student debt will cost the federal government $400 billion, the Congressional Budget Office estimated in a report published on Monday (September 26th). This new estimate, requested by elected conservatives and emanating from an official and apolitical body, should pour oil on the fire of the … Read more

the Biogen laboratory will pay 900 million to settle a case of bribes

The Biogen laboratory has reached an amicable agreement, providing for compensation of 900 million dollars, with a whistleblower who accused the firm of having paid bribes to doctors to encourage them to prescribe its treatments against multiple sclerosis. The whistleblower behind the report, Michael Bawduniak, will receive approximately $250 million directly, according to a statement … Read more

$100 million New Jersey grocery store was indeed a fraud, three men charged

Despite a turnover of 40,000 dollars, a small grocery store in New Jersey suddenly found itself worth 100 million dollars on Wall Street in 2021, via a fraudulent arrangement, for which the American authorities charged Monday three men. The Ministry of Justice has accused them of various violations of stock market laws and, for one … Read more

Vietnamese VinFast’s electric SUVs set to conquer Europe and the United States

In the VinFast factory in Haiphong, where the Vietnamese manufacturer’s new electric vehicles are produced from A to Z. Nick Ut/Getty Images DECRYPTION – The car manufacturer, created in 2018 by a local tycoon, is ramping up to export to the West. Haiphong (Vietnam) On the streets of Vietnamese cities crowded with scooters and on … Read more

The San Marina shoe brand placed in receivership, announces the company’s lawyer

San Marina had claimed to suffer the backlash of the judgment of the Court of Cassation which forced, last June, the so-called non-essential traders and who had had to keep their doors closed during the confinement of spring 2020, to pay their rents. The Marseille commercial court has decided to place the San Marina shoe … Read more

the Fed raises its key rate again sharply by 0.75 points

This is the third consecutive rise of this level. The Fed persists and signs. As its leaders suggested, the Federal Reserve raised its main rate by 75 basis points on Wednesday evening. The US central bank is thus raising the Fed Funds rate to between 3% and 3.25%. This is the third consecutive increase of … Read more

Rising rates drag home sales down again in August

US home resales continued to fall in August for the seventh month in a row, as many potential buyers were discouraged by rising mortgage interest rates, and despite a further decline in prices. Last month, an annualized 4.80 million homes and apartments changed hands, according to data released Wednesday by the National Federation of American … Read more

consumer confidence improves in September, but uncertainty remains high

Consumer confidence in the United States recovered a little in September compared to August, but less than expected, due to uncertainty about the evolution of inflation and economic activity, according to the preliminary estimate released Friday by the University of Michigan. The index climbed to 59.5 points, up 2.2% from August, but down 18.3% from … Read more

the reconstitution of strategic oil reserves not before the end of 2023

Replenishment of US Strategic Petroleum Reserves (SPR) will not start “most likely” not before the end of the next fiscal year, i.e. the end of September 2023, the Department of Energy (DOE) told AFP on Thursday, September 15. This communication came after the publication of information from the Bloomberg agency, according to which the American … Read more