Wall Street unscrews again, technology and energy in mind

The New York Stock Exchange fell again on Monday May 9, weighed down by technology and energy stocks, reflecting concerns about inflation, the response of the American central bank (Fed) and a possible recession. According to final results, the Dow Jones index dropped 1.99% to 32,245.70 points. Read alsoAccording to INSEE, inflation will soar to … Read more

Inflation, Ukraine and China, risks for financial stability in the United States, worries the Fed

The risks for financial stability in the United States have increased over the past six months, the American central bank (Fed) warned on Monday May 9 in a report, citing inflation, the war in Ukraine or the difficulties of the real estate sector. in China. Read alsoAccording to INSEE, inflation will soar to 5.4% over … Read more

20 internet service providers pledge to cut costs

The White House announced Monday that it has reached an agreement with 20 internet providers, including AT&T, Comcast and Verizon, to reduce subscription costs and guarantee broadband access to low-income households. Read alsoEmmanuel Macron wants to impose automatic parental controls on Internet service providers “The Biden-Harris administration has obtained commitments from the top 20 internet … Read more

Elon Musk accused of disrupting China in space

Billionaire Elon Musk was taken to task on Chinese social networks on Tuesday after two of his satellites narrowly missed, according to Beijing, colliding with the Asian giant’s space station. The richest man in the world, who has just been elected personality of the year by the American magazine Time, is well known in China … Read more

This trick to give via life insurance, and prevent the money from being wasted

OUR ADVICE – This investment, well suited to making money grow over the long term, offers real guarantees in the use of funds. Parents or grandparents who wish to build up a woolen stocking for their children or grandchildren often turn to the Livret A to store this savings. Due to the renewed inflation, the … Read more

Termination of insurance contracts will be easier

Insurers will have to comply with the new rules from July 1, 2023. Termination and simplicity have never gone hand in hand. Alerted by the insurance mediator to the confusion and incomprehension in a number of contract termination procedures, the Financial Sector Advisory Committee (CCSF) took up the issue by creating a working group specially … Read more

the TurboTax platform will have to reimburse millions of taxpayers

An American platform used to complete the tax return will have to reimburse 4.4 million people it charged for a free service, the New York Attorney General announced on Wednesday May 4. In all, the online financial services specialist Intuit “will have to pay $141 million in damages to the millions of consumers who were … Read more

Faced with geopolitical risk, Volkswagen wants to strengthen in the United States

The German car giant Volkswagen confirmed on Wednesday its ambition to more than double its market share in the United States, a region neglected in recent years but which is gaining importance in a “increasingly polarized world“. Read alsoWar in Ukraine disrupts BMW and Volkswagen After a first quarter marked by a 100% jump in … Read more

The ACPR lectures life insurance distributors after failing controls

The Prudential Control and Resolution Authority (ACPR) called to order life insurance professionals on Tuesday who did not respect their duties of advice to fragile public, after a series of failing controls. “Following several on-site inspections, the ACPR noted shortcomings in the marketing of life insurance contracts to financially fragile customers or customers in difficulty“says … Read more

Amazon will financially help its employees who would have to travel for an abortion

Since this fall, many American companies have expressed their support, internally or publicly, for the right of women to abort, at a time when this right is more threatened. Amazon will now reimburse the travel expenses of its American employees for certain non-critical medical procedures, including abortions, while several conservative states have passed laws restricting … Read more