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

sharper than expected drop in oil inventories (-3.3 million barrels)

Commercial crude oil reserves fell significantly more than expected last week, according to figures released Wednesday by the US Energy Information Agency (EIA). During the week ended August 26, commercial inventories contracted by 3.3 million barrels, the same as the previous week, while analysts expected a drop of only 950,000 barrels. At 418.3 million barrels, … Read more

the private sector created 132,000 jobs in August, much less than expected

The US job market remains dynamic for the moment with many vacancies. Private employers in the United States created 132,000 jobs in August, nearly three times less than expected, according to the monthly survey by the business services company ADP carried out with the Stanford Digital Economy Lab, published on Wednesday. “Our data suggests a … Read more

consumer confidence climbs in august

US consumer confidence rose in August, helped by a slowing pace of inflation, according to the final estimate released Friday by the University of Michigan. The index stood at 58.2 points, up 13% from July, and well above the 55.3 points forecast by a consensus of analysts. “The rise in consumer confidence is seen across … Read more

Interest rates have not stopped climbing in the United States

Jerome Powell, Chairman of the US Federal Reserve, July 27, 2022. MANDEL NGAN/AFP The Fed boss is making the fight against inflation his top priority. This time, the markets no longer have any doubts about the US Federal Reserve’s intentions. During a long-awaited speech at the central bankers’ symposium in Jackson Hole (Wyoming), its president, … Read more

Pass of arms between the lawyers of Twitter and Musk on the data to be provided

Lawyers for Elon Musk and Twitter on Wednesday gave an overview of the arguments they could make during the trial to force, or not, the entrepreneur to buy the social network, summoning among other things the recent revelations of a pitcher alert. Elon Musk’s representative tried to convince the judge in charge of the case, … Read more

sharp decline in oil inventories, but demand for gasoline falls

Commercial crude oil reserves fell more than expected last week, according to figures released Wednesday by the US Energy Information Agency (EIA), while gasoline demand also fell to United States. During the week ended August 19, commercial inventories fell by 3.3 million barrels, while analysts expected a decline of 2.5 million. Strategic oil reserves have … Read more

Campari strengthens in the United States with the bourbon brand Howler Head

The Italian beverage group Campari announced on Wednesday that it is strengthening its position in the United States by acquiring a 15% stake in Howler Head and aiming in the medium term for total control of the banana-flavored bourbon brand launched in 2021. An agreement in this sens has been reached with its owner, Catalyst … Read more

Fed plans further rate hikes, but says it will be necessary ‘at some point’ to slow down

“It will certainly become necessary at some point to slow the pace of rate hikes,” says the Federal Reserve. The American central bank (Fed) plans to continue raising its key rates in order to curb inflation, which is still very high in the United States, but judged, during its last meeting at the end of … Read more

Grain and oilseed prices weaken in Europe and the United States

The bullish madness of agricultural raw materials, the prices of which broke records with the war in Ukraine, seems to be weakening: the prices of wheat, soybeans and rapeseed have marked a drop in recent days, in particular because Russian wheat exports appear to be overcrowded. The US Department of Agriculture (USDA) has further reassessed … Read more