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Brazilian Stock Market Tumbles as Mining Giants Face Chinese Headwinds

On November 8, 2024, Brazil’s stock market took a significant hit. The Ibovespa index fell 1.37%, driven by sharp declines in mining and steel stocks. This downturn reflects broader economic concerns both domestically and internationally. Vale, Brazil’s largest mining company, saw its stock (VALE3) plummet 4.88%. Usiminas (USIM5) fared even worse, dropping 5.7%. CSN Mineração […]

Classical music platform Kuke reveals its president stepped down in July amid legal, stock performance woes – Music Business Worldwide

Chinese classical music platform Kuke Music Holding on Monday (November 4) announced that Li Sun has stepped down from President of the company, effective July 23, 2024. “Ms. Sun’s resignation was not a result of any disagreement between Ms. Sun and the company on any matter relating to the company’s operations, accounting policies, or practices,” […]

The S&P 500 Makes Up 51% of Global Stock Market Value

The S&P 500 Now Makes Up 51% of Global Stock Market Value This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. This graphic breaks down the global equity market into five major pieces as of Dec. 31, 2023, using data from […]

Brazilian Stock Market Surges on Fiscal Package Anticipation, Defying U.S. Election Tensions

The Brazilian stock market experienced a significant upturn on Monday, November 4, 2024. The Ibovespa index, Brazil’s main stock market indicator, climbed by 1.87% to reach 130,512.13 points. This surge was primarily driven by expectations of an imminent fiscal package announcement. Finance Minister Fernando Haddad hinted at the forthcoming release of public spending measures. He […]

Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its […]