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Today’s Morning Call: Brazilian GDP Release in Focus
Today, all eyes are on the Gross Domestic Product (GDP) figures for the last quarter and the entire previous year, set for release at 9 a.m. Yesterday saw the Ibovespa fall below 130,000, ending at 129,020.02 points, a 0.87% drop. The dollar slightly rose by 0.05%, reaching R$ 4.9725. Projections for 2023’s economic growth hover […]
Brazil’s Central Bank Reduces Selic Rate to 11.25% in First 2024 Meeting
On January 31, 2024, Brazil’s Central Bank cut its main interest rate, the Selic, by 0.5%. The new rate is 11.25% per year. This level is the lowest since March 2022. At that time, the rate was 10.75%. This change matters because it affects loans and savings. Lower rates can boost spending and investment. The […]
Social media burns Biden over ‘fire hazard’ flaming birthday cake: ‘America represents the cake’
A social media firestorm erupted over President Biden’s fiery birthday cake that was lit with 81 candles. Biden continued making history Monday, marking another year as the oldest sitting American president at the age of 81. A photo was posted on the president’s X account featuring his flaming treat that was immediately burned by social […]