Category: Economy
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Should I Get an FHA Loan to Buy My First Home?
For many people, one of the biggest obstacles to buying their first home is saving for the down payment typically required by the financial institution that will provide the loan for the property purchase, known as a mortgage. In most cases, with conventional loans, buyers are advised to make a down payment of at least…
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American Passport May Take Up to 13 Weeks to Arrive
U.S. Secretary of State Antony Blinken said on Thursday (23) that the State Department is facing an “unprecedented demand” for passports.
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Do Those Living Abroad Need to File Income Tax in Brazil?
The deadline to file income tax in Brazil started last week, on March 15, and extends until May 31. But do those living abroad need to file income tax in Brazil? The simplest answer is it depends on how long you have been living outside the country.
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Without a Green Card, Tech Workers Leave the U.S.
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Foreigners living with work visas in the United States are increasingly moving to countries like Canada, the United Kingdom, Singapore, and Australia, where they find more freedom to seek employment or start their own businesses.
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What Is the Average Value of American Retirement?
The age at which Americans can claim their full retirement has been steadily increasing. Currently, those born in 1960 or later will need to wait until they are 67 years and one month old to reach the age at which their benefits will be paid in full. However, a worker can start receiving their retirement…
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Fed Raises Rates Despite Threat of Banking Crisis in the US
The Federal Reserve, the US central bank, raised interest rates by a quarter point on Wednesday (22), pushing them to a range of 4.75% to 5% and continuing its attempt to combat still-high inflation. Investors and economists had widely anticipated the modest increase of a quarter point – or even a pause in rate hikes…
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Buy Now, Pay Later: Practice is Growing in the U.S.
An increasing number of American consumers are adopting a practice that is very common in Brazil: ‘buy now, pay later’, according to the latest retail report conducted by Adobe Analytics. In the first two months of 2023, the share of online purchases using services that allow for deferred payment grew by 10%, according to the…
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American Airlines announces cut of 50,000 flights this summer in the U.S.
Airlines around the world are preparing for an extremely busy summer, with many believing that travel will finally return to pre-pandemic levels. Even so, some airlines will cut their flight schedules. American Airlines announced the cut of nearly 50,000 flights from its summer schedule, with June and July being the most affected months. The reduction…
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Walter Schalka is the Brazilian honoree of the 2023 Person of the Year Award
The Brazilian-American Chamber of Commerce announced Walter Schalka as the Brazilian honoree of the 2023 Person of the Year Award. For 51 years, the Chamber has honored two prominent leaders, one Brazilian and one American, as “Person of the Year” who have been particularly instrumental in forging closer ties and enhancing the relationship between Brazil…
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Buy Now Pay Later Business in Brazil: A Market of $11.482 Billion by 2028
The report “Brazil Buy Now Pay Later Business and Investment Opportunities Databook” found that BNPL payments are expected to grow by 23.6% per year, reaching $6,031.9 million in 2023. The BNPL payment industry in Brazil has seen strong growth over the last four quarters, supported by the increased penetration of e-commerce. The medium to long-term…