Threatened by power cuts, the United States relies more on coal

The coal-fired power plant of the electrician Ameren, in Labadie, Missouri (United States). David Carson/St. Louis Post-Dispatch via AP Hit by the energy crisis, the country risks going backwards for its electricity production. In Washington The demand for electricity is increasing while production capacities cannot keep up. The United States is preparing for a summer … Read more

a recession is definitely a possibility, admits Fed boss

So far, Jerome Powell had always said loud and clear that he could achieve a soft landing for the economy. US Federal Reserve (Fed) Chairman Jerome Powell admitted to Congress on Wednesday that a rapid rise in interest rates could cause a recession even if it is not the desired effect. “It’s definitely a possibilityMr. … Read more

Lawsuit claims 258 billion USD from Elon Musk for his support of dogecoin

Complaints from investors who feel cheated by the promises of virtual currencies are currently increasing in the United States. An investor who lost money betting on dogecoin, a cryptocurrency originally parody inflated in particular by the interest of Elon Musk, filed a lawsuit on Thursday claiming $ 258 billion from the multi-billionaire and his companies … Read more

US cosmetics maker Revlon files for bankruptcy

The company is suffering from supply problems but also from the inflation that is rampant in the United States. US nail polish, lipstick and perfume maker Revlon filed for bankruptcy by filing Chapter 11 proceedings to reduce its debt. In a document filed late Wednesday in a New York court, the company said the total … Read more

Fed raises rates by three-quarters of a point, biggest hike since 1994

The US central bank now expects inflation to be 5.2% this year, down from 4.3% projected in March, and will therefore make further hikes at upcoming meetings in 2022. The central bank of the United States, surprised by the acceleration of inflation in May, at its highest for more than forty years, raised its key … Read more

Fed kicks off meeting, could make biggest rate hike since 1994

The monetary policy committee meeting, which began at 11:00 a.m. on Tuesday, is primarily aimed at finding solutions to runaway inflation in the United States. The monetary committee of the American central bank began its meeting on Tuesday, during which it could, to fight against galloping inflation, raise its key rates by three quarters of … Read more

why americans are always buying more guns

DECRYPTION – Despite the repetition of the killings, the Americans continue to arm themselves massively. Each mass killing pours salt into the sore of the still heated debate over gun control in the United States. The death of nineteen children and two teachers by the bullets of an 18-year-old killer in Uvalde, Texas, is yet … Read more

Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more

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