Brazil’s government is introducing a distinct approach to fiscal adjustment with a 2025 budget proposal that features a record-high primary surplus. The proposal, presented by Senator Angelo Coronel, targets a 15 billion reais ($2.66 billion) primary surplus, which is significantly higher than the 3.7 billion reais draft sent to Congress by…

Shopify Inc. has rallied to surpass the $100 mark again this week on the back of its plans to move its listing from the New York Stock Exchange to NASDAQ.While the announcement itself is not meaningful for the company’s operations per se, investors are still reading it as a positive…

Investors should load up on Carvana Co (NYSE: CVNA) following a more than 35% decline in its stock price since mid-February, says Alexander Potter – a Piper Sandler analyst.Carvana shares have been hit hard in recent weeks amidst the broader market sell-off due to continued uncertainty coming out of the…

The Trump administration is reportedly considering extending Chevron’s license to operate in Venezuela, marking a potential shift in US foreign policy toward the country’s oil industry.This comes amid rising tensions between Washington and Venezuelan President Nicolás Maduro. The administration had previously ordered Chevron to wind down operations in Venezuela by…

Nike Inc (NYSE: NKE) is still grappling with a sales decline – but its latest earnings release signals the turnaround strategy of its new CEO Elliott Hill is starting to show some early signs of working out.While the athletic footwear retailer reported better-than-expected revenue for its third quarter after-hours, the…

Heathrow Airport has been forced to shut down for the entire day on Friday due to a large fire at an electrical substation that supplies power to the UK’s busiest airport. The fire has caused a significant power outage, severely impacting operations.In a statement, Heathrow confirmed it will remain closed…

US President Donald Trump has dismissed a report by The New York Times claiming that Elon Musk is set to receive a Pentagon briefing on US military contingency plans for a potential war with China. Trump called the report “ridiculous” and “completely untrue.”Citing unnamed US officials, the report said that…

BP Plc has announced a significant agreement with Apollo-managed funds, paving the way for the acquisition of a 25% non-controlling stake in BP Pipelines, known as BP TANAP, for roughly $1 billion. This deal represents the British energy giant’s initial divestment as part of its ambitious turnaround plan, signaling a…