In late 2023, U.S. families owed more than ever before. Their total debt reached $17.5 trillion, a $212 billion jump from the previous period. The Federal Reserve Bank of New York shared these figures. They marked a 1.2% increase in just three months. Credit card balances grew by $50 billion, hitting $1.13 trillion. This rise […]
Related Posts
Brazil and Japan announce mutual visa waiver for 90 days, strengthening bilateral ties
Brazil and Japan have reached an agreement to eliminate tourist visa requirements for their citizens visiting each other’s countries. This mutual visa waiver will be applicable to stays of up to 90 days and will be effective starting September 30, 2023. In a previous action in 2019, Brazil allowed tourists from specific countries, including Japan, […]
Brazil’s Trade Surplus: A Detailed Look at May’s Economic Dynamics
In May, Brazil witnessed a trade surplus of $8.534 billion, though this figure shows a sharp 22.3% drop from the previous year’s $11 billion. The decline reflects broader economic shifts impacting the nation’s trade dynamics. Export revenues fell to $30.338 billion, a 7.1% decrease from last year, while imports edged up slightly by 0.5% to […]
Foreign Investors Return to Brazilian Stock Market as Fed Signals Rate Cuts
In a surprising turn of events, Brazil’s stock market has become a magnet for foreign investors. The country witnessed a staggering influx of R$10 billion ($1.78 billion) in August 2024 alone. This surge marks the second consecutive month of positive net investment after a six-month drought. The Ibovespa, Brazil’s main stock index, climbed an impressive […]