Category: Economy
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Micro and Small Enterprises Create Seven out of Ten Jobs in Brazil
A study conducted by the Brazilian Service of Support for Micro and Small Enterprises (Sebrae) reveals that micro and small enterprises were responsible for creating seven out of every ten formal jobs this year. From January to May, Brazil generated a total of 865,360 formal jobs, with micro and small enterprises accounting for 594,213 of…
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Melissa Advances as a Sustainable Style
Melissa, the iconic Brazilian footwear brand founded in 1979, reflects on its more than 40 years in business creating stylish and 100% vegan shoes through conscious production to ensure that the jelly experts remain ahead of the market. Grendene, the parent company of Melissa and the largest exporter of sandals in Brazil, monitors key production…
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Nubank reaches 80 million customers in Brazil
Nu Holdings Ltd surpassed 80 million customers in Brazil in July 2023. Along with its operations in Mexico and Colombia, the company reached 85 million customers in Latin America. This number has more than doubled in two years, since June 2021, when Nubank had a customer base of 41 million. Based on official data from…
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American Economy Grows More Than Expected and FED Raises Interest Rates Again
The economic recovery in the United States gained momentum in the spring, as high consumer spending and a resurgence in business investment helped keep recession at bay once again. The inflation-adjusted gross domestic product increased at an annual rate of 2.4% in the second quarter, according to the Commerce Department. This was above the growth…
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Miss Americana Revealed: The Surprising World of Taylor Swift
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in Arts & Culture, Brazil, Business, Economy, Entertainment, Fashion, Geral, In Focus, Inside, Music, United States, Women, WorldFriendship bracelets, glitter, and sequins: if you are not part of Taylor Swift’s magical world, you might be surprised to learn that this week, the Federal Reserve stated that her new tour, “Eras,” is doing much more than just captivating audiences; Swift is boosting the economy. This does not surprise her legion of fans, who…
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New Zillow Tool Helps Renters Discover Unexpected Costs
As if the exorbitant rents across the country weren’t enough, many renters still have to pay extra fees, which are often hidden in the rent amount and not disclosed by landlords. The real estate buying and renting website Zillow has just launched a tool to help renters understand the true cost of renting. This feature…
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Biden Announces New Plan to Forgive Student Debt
Just over two weeks have passed since the U.S. Supreme Court rejected a student loan forgiveness plan proposed by Joe Biden’s administration. However, the Department of Education wasted no time and introduced new measures to alleviate student debt. Nevertheless, the Supreme Court’s rejection of the previous plan has caused skepticism and led beneficiaries to wonder…
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Hollywood is on Strike
The union representing over 150,000 television and film actors is on strike, joining the writers who, in May, initiated the first industry-wide work stoppage in Hollywood in 63 years.Why are actors and writers on strike?Salary is usually the main reason for work stoppages, and this is the case here. The growth of streaming services and…
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Airfare Prices Are Falling in the U.S.
Airfare prices dropped 18.9% in the year up to June, or 8.1% between May and June, even as passenger traffic reached record levels. Airfare prices surged last summer when Americans began planning vacations that were put on hold during the pandemic. At the same time, airlines struggled to provide seats because they had grounded planes…
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Inflation Continues to Cool in the U.S.
The inflation data released on Wednesday (11) showed a pronounced cooling. The Consumer Price Index rose 3% year-on-year through June, less than the 4% increase year-on-year through May and only one-third of the peak of approximately 9% annually from last summer.What does this mean for consumers?The latest data provided some relief for American consumers who…