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

$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

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

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

15,000 nurses go on strike in the north of the country

Some 15,000 nurses working in sixteen hospitals in Minnesota and Wisconsin, in the northern United States, began a three-day strike on Monday to demand better working conditions. This is the largest private sector nurses’ strike ever in the country, says the Minnesota Nurses Association (MNA), which is organizing the movement. Holding up signs like “Patients … Read more

weekly jobless claims still down

New jobless claims fell again last week, for the fourth consecutive week, remaining at historic lows, according to data released Thursday by the Labor Department. Between August 28 and September 3, 222,000 people registered for unemployment benefit after job loss, down 6,000 from the previous week, reaching the lowest level since late May. . “This … Read more

The iPhone surpasses Android smartphones in the United States

“Over the past four years, the stream has gradually switched from Android to iOSobserves Jeff Fieldhack, director of research at Counterpoint Research. 309035736/H_KB – stock.adobe.com According to Counterpoint Research, for the first time since its launch, one in two Americans owns the Apple laptop. More Americans own an iPhone than a smartphone with the Android … Read more