-
Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed's Interest Rate Shift
Tuesday, August 20, 2024 - 4:15pm | 658The bond market of emerging economies has experienced a strong upswing in recent sessions, driven by rising expectations that the Federal Reserve is nearing a policy shift toward cutting interest rates. The iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSE:EMB), which tracks dollar-...
-
Nu Holdings Q2 Earnings: Warren Buffett-Backed Bank Posts Upbeat Quarter, Stock Jumps After Hours
Tuesday, August 13, 2024 - 4:46pm | 496Nu Holdings Ltd (NYSE:NU) reported financial results for the second quarter after the market close on Tuesday. Here’s a rundown of the report. Q2 Earnings: Nu Holdings reported second-quarter revenue of $2.8 billion. The Brazilian bank’s top-line results were up 65% on a year-over-year...
-
Mercado Libre Q2 Earnings Highlights: Revenue Beat, EPS Beat, Brazil & Mexico Up Over 50% YoY
Thursday, August 1, 2024 - 5:34pm | 482Online Latin America commerce and payments company Mercado Libre (NASDAQ:MELI) reported second-quarter financial results after market close Thursday. Here are the highlights. What Happened: Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue...
-
Do Summer Olympics (And Gold Medals) Matter To The Stock Market? The Results May Surprise You
Thursday, July 25, 2024 - 6:24pm | 969Every four years, a Summer Olympics competition is held with viewers around the world tuning in to cheer on their country's athletes in the hope to top the medal count and celebrate the pride of their country. While the Olympics are important to media companies, sports fans and others, here's a...
-
Vale To Boost Copper, Nickel Production With $3.3B Investment
Friday, June 21, 2024 - 11:29am | 466Vale SA (NYSE:VALE) plans to increase its copper production to 500,000 tons by 2028 as part of a $3.3-billion capital expenditure plan. That’s up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil. Copper prices have recently surged to new highs,...
-
Brazil Implements Plan To Become A Key Rare Earth Elements Supplier
Tuesday, June 18, 2024 - 9:26am | 568Brazil wants to diminish its dependence on China when it comes to rare earth elements (REE). As numerous countries rush to strengthen their REE supply chains, the South American country presents itself as a perfect provider of metals essential for advanced technologies and the green energy...
-
VIDEO: Huge Cannabis March In Brazil As Supreme Court Considers Decriminalization
Monday, June 17, 2024 - 1:39pm | 452Watch the video of this Massive Cannabis March In Brazil advocating for cannabis reform as Supreme Court reconsiders decriminalization... Tens of thousands gathered in São Paulo, Brazil for the 15th edition of the Cannabis March, advocating for cannabis reform in Brazil. The event was part of a...
-
How Madonna's Face Ended Up On Brazilian Brick Weed Packaging Ahead Of Her Huge Concert In Rio
Wednesday, May 8, 2024 - 10:20am | 433By Lucía Tedesco via El Planteo Prensadonna? What is that, a new drug? No, it was the clever way drug dealers in Brazil chose to sell marijuana (actually, brick weed, a form of pressed, usually low-quality cannabis) during the lead-up to Madonna's free concert in Rio de Janeiro. The...
-
Weed In Brazil: A Guide To Cannabis' Legal Status In The South American Country
Sunday, May 5, 2024 - 1:28pm | 1633This article was originally published on 2Fast4Buds and appears here with permission. Keeping a low profile and enjoying your hobby in secret is the best advice we can give cannabis lovers visiting Brazil. Despite the fact that Brazil was introduced to cannabis long ago, in colonial times, and that...
-
Elon Musk Takes Fight For Free Speech Abroad, Feuds With Australia And Brazil Over Content Restriction
Saturday, April 27, 2024 - 4:16pm | 712Elon Musk's acquisition of X sparks global debate as clashes with Brazil and Australia over free speech restrictions intensify. Elon Musk, the CEO of X, Tesla, Inc. (NASDAQ:TSLA) and SpaceX who is known for his stance on free speech, is embroiled in yet another free speech debate after acquiring X...
-
Elon Musk Slams Brazilian Supreme Court Amid Ongoing Dispute: 'When Given An Order To Break The Law, We Must Refuse'
Thursday, April 11, 2024 - 8:51am | 811Amid a legal dispute with Brazilian authorities, Elon Musk has said that his social media platform will respect the country's laws while refusing orders from the Supreme Court to break them. What Happened: On Monday, Musk took to X, formerly Twitter, to address the ongoing legal issues in Brazil....
-
'This Is Getting Spicy': Elon Musk's Brazil Controversy Sparks US Inquiry Over Allegations Of Legal Infractions
Thursday, April 11, 2024 - 12:54am | 631The U.S. House of Representatives has launched an inquiry into billionaire entrepreneur Elon Musk‘s activities in Brazil, which are alleged to have violated Brazilian law. What Happened: Musk revealed that the U.S. House of Representatives had contacted X concerning his behavior in Brazil. He...
-
Will Brazil's President 'Kill The Golden Goose That Funds His Government?': Redditor Argues Petrobras Stock Offers Great Value
Wednesday, April 10, 2024 - 3:14pm | 684In a recent Reddit post, user SunsetKittens shares insights on why Petrobras Brasileiro (NYSE:PBR) stock presents a compelling investment opportunity. Known for previous successful stock picks like United States Steel (NYSE:X) and Teledyne Technologies (NYSE:TDY), SunsetKittens now focuses on...
-
Marjorie Taylor Greene Issues Warning: 'What's Happening In Brazil Could Happen In America' Amid Elon Musk's X Account Blocking Controversy
Monday, April 8, 2024 - 3:35am | 568Rep.Marjorie Taylor Greene (R-Ga.) has expressed concern over the current situation in Brazil, warning that similar events could transpire in America. What Happened: Greene took to X, formerly Twitter, to share her apprehensions about the ongoing situation in Brazil. Her tweet read, “What is...
-
Elon Musk Hit With Obstruction Of Justice Inquiry After He Calls For Impeachment Of Brazil's Top Judge: 'Abuse Of Economic Power'
Sunday, April 7, 2024 - 11:52pm | 538Tech billionaire and CEO of X, formerly Twitter, Elon Musk, is now under investigation by the Brazilian Supreme Court for obstructing justice in a social media dispute. What Happened: On Sunday, Brazil Supreme Court Justice Alexandre de Moraes initiated an inquiry into Musk’s actions...