Luiz Inacio Lula da Silva

Economist Justin Wolfers is once again attacking President Donald Trump, this time over the latter’s 50% tariffs on imports from Brazil. What Happened: On Sunday, in a post on X, Wolfers questioned the rationale behind the latest U.S. tariffs imposed on the South American nation, calling it...

Brazil’s President, Luiz Inácio Lula da Silva, issued a warning Thursday about potential retaliatory tariffs if the U.S. proceeds with its planned 50% tax on Brazilian imports from Aug. 1. What Happened: Lula stated via his official X handle that Brazil would take the necessary measures to...

Tensions are flaring between the United States and Brazil following President Donald Trump’s threats of sweeping 50% tariffs on imports from the South American nation. What Happened: On Wednesday, Trump wrote a letter telling Brazilian President Luiz Inácio Lula da Silva that the trial of...

Brazil’s currency, the real, has continued its plunge as investors grow skeptical of President Luiz Inácio Lula da Silva‘s budgetary plans. The real, the worst-performing currency over the past four market sessions, has fallen over 3% against the US dollar in the past week. Its plunge...

Tesla and SpaceX CEO Elon Musk has threatened to seize Brazilian government assets unless property belonging to his companies X, formerly Twitter and SpaceX is returned. What Happened: On Monday, Musk took to X, and threatened to seize Brazilian government assets in a reciprocal move...

President Luiz Inácio Lula da Silva said that Brazil should set a global example of how to handle Elon Musk, following the Supreme Court of Brazil confirming a ban on the tech entrepreneur’s social media platform X. The decision reportedly came after the platform was accused of spreading hate...

Brazilian President Luiz Inacio Lula da Silva, on Tuesday, said he would not visit Russia or Ukraine amid the ongoing war. What Happened: Luiz Inacio Lula da Silva said he remained committed to a peaceful resolution to the conflict that has killed thousands of civilians and displaced millions,...

Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez have reportedly said the two countries aim for greater economic integration that includes the development of a common currency. "We intend to overcome the barriers to our exchanges,...

Brazilian authorities are wasting no time carrying out recently-inaugurated President Luiz Inácio Lula da Silva’s vow to rein in security forces and collaborators accused of playing a role in the Jan. 8 attack on the Presidential Palace, Congress and...

Brazil's Congress, presidential palace and Supreme Court were overrun on Sunday by supporters of the country’s former President Jair Bolsonaro. What Happened: Thousands of people stormed the government buildings in the capital Brasília, according to Reuters. Broadcasts of the...

The market is yet to turn the corner, with one risk after another stifling a potential recovery from its protracted weakness. Tesla Inc. (NASDAQ: TSLA) was in the spotlight over the weekend as stakeholders digested the electric vehicle maker’s quarterly deliveries and its AI Day presentations....

Jair Bolsonaro, Brazil’s leader endorsed by former U.S. President Donald Trump, is trailing his left-wing rival Luiz Inácio Lula da Silva in the South American country’s presidential elections. What Happened: Da Silva, popularly known as Lula, failed to secure enough votes for a...

In one of the most stunning reversals in recent memory for an emerging markets single-country exchange-traded fund, the iShares MSCI Brazil Index (ETF) (NYSE: EWZ) is up 31 percent over the past month. EWZ's gain over that stretch is more than two and a half times that of the MSCI Emerging...

The once downtrodden iShares MSCI Brazil Index (ETF) (NYSE: EWZ) is up a staggering 27 percent over the past month, as commodities prices have rebounded and an expanding corruption probe in Latin America's largest economy threatens to ensnare current President Dilma Rousseff and her predecessor...