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The global copper market is showing signs of a surplus for the upcoming year, evident in its current pricing trends. On Wednesday, the London Metal Exchange LME recorded spot copper trading at a $93.25 per ton discount to the three-month reference contract. This significant gap, the widest since the 1990s, signals an abundant metal supply, […]
Nvidia Hits $2 Trillion, Rivals Top Economies Like Brazil
Nvidia has soared to a $2 trillion market cap, ranking as Wall Street’s third most valuable, behind Microsoft and Apple. Its AI chips, crucial for giants like OpenAI and Google, drove this growth. With a record eight-month leap from $1 trillion to $2 trillion, Nvidia outpaces Apple and Microsoft, reflecting the high demand for AI […]
Brazilian Stock Market Dips as Wall Street Wavers and Fiscal Concerns Linger
The Brazilian stock market experienced its fourth consecutive day of decline on Tuesday, October 22, 2024. The Ibovespa, Brazil’s main stock index, fell by 0.31% to 129,951.37 points. This drop marked a loss of 410.19 points for the day. The US dollar strengthened slightly against the Brazilian real, closing at R$ 5.6973 ($1.02). Wall Street’s […]