Biden’s Fed nominee Michael Barr downplays institution’s climate role

According to Michael Barr, “the only objective should be to understand the risks that the climate could pose to the financial system and to work” on “measures to manage these risks.” The US central bank (Fed) must understand climate risks and help banks deal with them, not determine which sectors they should or should not … Read more

In the United States, changing consumer behavior is destabilizing retail giants

DECRYPTION – In response to inflation, Americans suddenly decided to limit their spending on goods. A shift with serious consequences. Wall Street is giving the biggest names in the real economy punishments the likes of which have not been seen since the crash of 1987. Retail leaders Walmart, Target, Costco, Kohl’s and Amazon have seen … Read more

Consumption does not weaken in the United States, but is inflated by inflation

AFP, published on Tuesday, May 17, 2022 at 11:54 p.m. Consumer spending is still climbing in the United States, but is inflated by inflation, which lengthens consumers’ bills and reduces the contents of their baskets. Rising costs are also weighing on the profitability of some large retailers such as Walmart. Supermarket giant Walmart, acclaimed for … Read more

Why Elon Musk panics the stock market

ANALYSIS – In addition to SpaceX, Elon Musk created Tesla, which has seeded all the global giants of the automotive industry. Dizzying, stratospheric… On the stock market, a week ago, Tesla’s valuation passed the trillion dollar mark last week – “trillion” in English – after a 12.66% rise in price on October 25. This surge … Read more

When the Indonesian president visits Elon Musk to talk about nickel

Indonesia has the largest reserves in the world, and Joko Widodo intends to develop an electric vehicle industry at home based on this metal. For an investor of the caliber of Elon Musk, Indonesian President Joko Widodo is willing to move. It was this Saturday that the meeting between the boss of Tesla and the … Read more

US invites ASEAN chiefs to try to counter Chinese influence

Published on : 05/13/2022 – 17:28 US President Joe Biden welcomed Asean leaders to the White House on Thursday, May 12, in a charm operation. For two days, the United States and the leaders of Southeast Asian countries are to discuss ways to strengthen their economic and security relations. The Biden administration wants to show … Read more

In the United States, employees in a position of strength

American companies are short of manpower. The ILWU, one of the strongest unions in the country, is in a strong position to win higher wages and better working conditions. Washington Correspondent The negotiations which have just opened between the union of 22,000 dockworkers on the west coast and the operators of the largest American ports … Read more

In the United States, the dismay of parents faced with the shortage of baby milk

In question, the supply problems accentuated by the closure of a factory of the manufacturer Abbott. The case took a political turn. “Creepy”, “frustrating”. It’s an unimaginable stressful situation for many American parents: The United States is experiencing a very rare shortage of baby milk. In question, the supply problems accentuated by the closure of … Read more

US mulls letting Russia continue to repay dollar debt

The United States is considering whether to let expire or extend a sanctions waiver that allows Russia to continue to repay its debt and thus escape default, Treasury Secretary Janet Yellen said on Tuesday. Read alsoRussia finally escapes default in confusion It is “something we are actively looking at right now. We want to make … Read more

Fed expected to raise rates ‘quickly’ this year, official says

The US central bank has already hiked rates twice this year, in March and early May, to curb inflation. US central bank expected to raise ratesrapidlyby the end of the year, after two initial increases in March and early May, in order to slow inflation, the president of the New York branch of the Fed, … Read more