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 three-quarters 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

In the United States, inflation, at 8.6%, worsens further

America is experiencing its most serious price spike in forty years. In May, the price index jumped 1% over one month. The hopes of the most optimistic to see inflation slow in the United States have been dashed. The consumer price index for the month of May reveals, on the contrary, an aggravation of the … 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

Boeing makes third attempt to launch its Starliner capsule to the ISS

New York CNN Business — Boeing will try yet again Thursday to send the capsule it designed to ferry astronauts to and from the International Space Station on a successful, uncrewed test mission. After two prior attempts to complete such a mission failed, Boeing’s goal is to prove the spacecraft can dock with the orbiting … Read more

solving the baby milk shortage will take a few weeks

An investigation was opened and the manufacturer points out that no trace of bacteria was found in the boxes of milk in question. Baby milk powder should reappear on store shelves in a few days in the United States but the shortage will not be resolved for several weeks, the head of the American drug … Read more

Boeing tries to catch up to SpaceX after plenty of drama

New York CNN Business — Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global aviation duopoly. A few years ago, the idea that it would dominate commercial space was a given, and companies like SpaceX, a relatively young business relying on a strategy of moving fast … 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