brazil

Tech billionaire Elon Musk is challenging the Brazilian Supreme Court's order to block certain accounts on his social media platform, X, formerly Twitter. He called the court's demands "draconian" and condemned the censorship attempts. What Happened: Musk publicly criticized Justice Alexandre de...

On Monday, two Brazilian cabinet members said that a proposed extra dividend suddenly axed by state-run Petrobras Brasileiro (NYSE:PBR) will be kept in reserve for future disbursement. On Thursday, Petrobras Chief Executive Jean-Paul Prates proposed to the company’s board that shareholders be...

Even before the planting season officially kicks off, U.S. farmers and ranchers are already facing an uphill battle on many fronts. Before glossing over this piece, since it's not as appealing as discussing A.I. or the unquantifiable tangible market for Nvidia (NASDAQ: NVDA), it's important...

As the entire cannabis world is abuzz and cannabis stocks are shooting through the roof with the potential United States rescheduling of cannabis to Schedule III and Germany likely rescheduling cannabis off the narcotics list, forecasters are looking beyond the major markets of U.S., Canada and...

The Brazilian fintech Stark Bank, backed by Jeff Bezos, has seen a significant rise in profits while effectively managing its funding. What Happened: Stark Bank, a Sao Paulo-based company, has witnessed a three-fold increase in its payment processing business, reaching 155 billion reais ($31...

The BRICS nations are set to witness a significant surge in their millionaire population over the next decade, potentially challenging the dominance of the G7 countries. What Happened: The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are projected to experience an...

In the wake of a booming global electric vehicle (EV) market, Chinese EV titan BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) is rumored to be holding negotiations with Brazilian lithium producer Sigma Lithium Corp (NASDAQ:SGML), indicating a possible acquisition. What Happened: BYD, the globe’s leading...

StoneCo Ltd. (NASDAQ: STNE) shares are trading higher after the company said it received the Financeira License from the Brazilian Central Bank. The license is organized as a Sociedade de Crédito, Financiamento e Investimento (SCFI), the company said in a press release. This...

U.S. equity may have soared to nice heights in 2023. Growth stocks, especially those belonging to the Tech sector, have been leading the way. The market benchmark S&P 500 index tracking ETF — the SPDR S&P 500 ETF (NYSE:SPY) — is up 23.22% for the year as we head towards the 2023 close....

Wilson Lima, the governor of Amazonas state in Brazil, is asking Jeff Bezos to pay royalties for his company’s use of the ‘Amazon’ name. As per a Business Insider report, Lima told Brazilian media outlet O Globo that Amazon.com Inc. (NASDAQ:AMZN) uses the names ‘Amazonas...

OKX on Monday announced the launch of its crypto exchange and Web3 wallet services in Brazil to offer traders a platform for trading a wide array of cryptocurrencies, along with options such as staking rewards and DeFi integrations. The platform will support Brazilian Real (BRL...

While Brazil sees higher acceptance of USDT, other Latin American nations like Argentina have bigger appetites for Maker’s DAI. This insight into crypto preferences comes as the market booms in anticipation of the potential approval of a spot Bitcoin ETF. Industry titans ...

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) is expanding its hemp-derived CBD portfolio into Brazil. What Happened In partnership with Herbarium, one of the leading Brazilian companies in herbal medicine, the Canadian cannabis giant will launch the company's full-spectrum, single-source 3%...

According to a recent study, the Amazon forest’s carbon emissions took a dramatic leap under former Brazilian President Jair Bolsonaro‘s administration, Reuters reported. The study was conducted by the Brazilian National Institute for Space Research (INPE). It revealed that carbon...

Global economic order sees potential disruption as dozens of countries are eyeing membership in BRICS, a collective of Brazil, Russia, India, China and South Africa. This group, positioned as a counterbalance to Western dominance, is convening in Johannesburg this week, sparking speculations about...