US recession not ‘inevitable’, says Treasury Secretary

US Treasury Secretary Janet Yellen said on Sunday that a recession is not “inevitablein the United States, a few days after a new increase in the key rates of the American central bank which raises fears of the prospect of an economic contraction. “I don’t think a recession is inevitable“, said Janet Yellen on the … Read more

industrial production slows more than expected in May

The pace of industrial production in the United States slowed in May, more than expected, according to data released Friday by the American Central Bank (Fed), which also showed a contraction in manufacturing production. The increase in total production was 0.2% compared to April, the data for which was revised upwards (+1.4% against 1.1% initially … Read more

more than 19 million dollars for a last charity lunch with Warren Buffett

A person will shell out $19 million to have lunch with US billionaire Warren Buffett after winning the 21st and final annual auction to benefit an NGO that helps the homeless in San Francisco. Read alsoWarren Buffett bets big on the markets and mocks Wall Street The sale opened last Sunday with a base price … Read more

Oil resists inflation in the United States and the rise of the dollar

Oil prices resisted Monday, June 13 despite the rise of the dollar and the rout of stock markets, weighed down by fears of economic recession and galloping inflation in major crude-consuming countries such as the United States. Brent crude from the North Sea for August delivery climbed 0.21% to 122.27 dollars. A barrel of US … Read more

Inflation rises in the United States, so do Fed rates

Faced with inflation that continues to climb in the United States, even becoming Joe Biden’s economic priority, the American central bank is preparing to raise its key rates for the third time on Wednesday, and could accelerate the movement. The monetary policy committee, the decision-making body of the Fed, meets on Tuesday and Wednesday. A … Read more

regulator expands probe into Tesla collisions with emergency vehicles

The US Highway Traffic Safety Agency (NHTSA) has expanded the investigation it opened last summer into Tesla’s driver assistance system being responsible for a series of crashes with emergency vehicles, according to released documents. Thursday, June 9. The investigation has moved from the preliminary evaluation stage to that of engineering analysis, the last stage before … Read more

the stock market regulator proposes measures for more transparency and competition

Gary Gensler, the chairman of the American stock exchange authority, the SEC, unveiled on Wednesday June 8 a series of reform projects intended to make the stock market “more transparent and competitive», especially for small investors. Read alsoIn the face of inflation, the Indian central bank raises its rate a second time The aim of … Read more

US announces $100 million for medical training in Latin America

The United States announced a $100 million plan on Wednesday to train half a million health professionals in Latin America, at the Summit of the Americas in Los Angeles. The new Health Corps of the Americas will aim, over five years, to improve the skills of 500,000 employees in the sector, particularly in the fields … Read more

impact still uncertain in the United States, according to Yellen

The impact in the United States of the taxation of multinationals where their profits are made, and not in the country of their headquarters, a measure provided for in a global agreement signed in October, remains uncertain at this stage, the secretary said on Tuesday. US Treasury, Janet Yellen. “We will derive revenue from the … Read more

trade deficit narrows in April

The U.S. trade deficit narrowed in April after hitting a record high in March on the back of rising exports and falling imports, Commerce Department data showed on Tuesday. The goods and services deficit with the rest of the world stood at $87.1 billion in April, down nearly 19.1% from the previous month, when it … Read more