The Brazilian financial market has recently witnessed a significant shift in interest rate expectations. Investors now predict the Selic rate, Brazil’s benchmark interest rate, will reach between 13.25% and 13.5% by the end of the current monetary tightening cycle. This projection marks a substantial increase from the current Selic rate of 10.75%. Market expectations for […]
Related Posts
Data broker blunders as millions are exposed with public passwords
National Public Data (NPD), a background check company, admitted it exposed sensitive info like phone numbers, addresses and Social Security numbers to hackers. While the company hasn’t shared how big the breach is, it supposedly involves 2.7 billion records, likely including some data on almost every American. It gets even worse. A new report revealed […]
Bard, Google’s competitor for ChatGPT, arrives in Brazil
Google has recently launched Bard, its chatbot competitor to ChatGPT, in Brazil. Bard utilizes LaMDA (Language Model for Dialogue Applications), an artificial intelligence developed by the tech giant. Similar to ChatGPT, Bard aims to provide users with a user-friendly conversational interface to seek information and receive prompt responses. As of July 13, 2023, Bard is […]
Lula pleads for Biden to prioritize investment in Brazil over war funding
Brazil’s President, Luiz Inacio Lula da Silva, indicated his intention to persuade the U.S. government, led by Joe Biden, to consider investments in Brazil rather than directing funds toward international conflicts. This was voiced while introducing his key initiative, the Growth Acceleration Program (PAC), which aims to amass US$340 billion over the coming years. Combining […]