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In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.
Persons: , Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, , Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago
"As it is negotiated today, it is a very bad deal, for you and for us," Macron told businessmen in Sao Paulo while on a three-day trip to Latin America's largest economy, amid troubled talks over a free trade deal between the two economic blocs. "There is nothing that takes into consideration the subject of biodiversity and climate; nothing," Macron said. "Let's forge a new deal in light of our goals and reality, a trade deal that is responsible on development, climate and biodiversity." "It's true we lost an opportunity at the end of last year, but we should not give up on this deal." At upcoming G20 and COP summits in Brazil, Macron said he planned to push for more international standards to financially incentivize banks, firms and investors to decarbonize industrial processes and better preserve the environment.
Persons: Sarah Morland, Emmanuel Macron, Macron, Fernando Haddad, Haddad, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Eduardo Simoes, Jonathan Oatis, Kylie Madry, Kim Coghill Organizations: Reuters, European Union, South American Mercosur, Brazilian Finance Locations: Brazil, Sao Paulo, France, Africa, Mexico City
(Reuters) - Brazilian Senate leader Rodrigo Pacheco said on Friday the government would revoke a proposal it made to phase out the extension of payroll tax exemptions for various labor sectors, yielding to the will of the lawmakers on the matter. Speaking at a Lide Group event in Switzerland, Pacheco said that payroll tax exemption for 17 sectors of the economy until 2027 would remain. "The exemption will stand, and there is a commitment from the federal government to...revoke this provisional measure in the part that concerns the payroll exemption," Pacheco said during a panel session at the event in Zurich. Lawmakers voted to extend payroll tax exemptions for 17 labor sectors until 2027, with an impact of 12 billion reais ($2.44 billion) that had not yet been incorporated into the 2024 budget. The government package, which met with immediate political opposition, proposed reducing and gradually phasing out these benefits.
Persons: Rodrigo Pacheco, Pacheco, we've, Luiz Inacio Lula da Silva, Eduardo Simões, Steven Grattan, Kirsten Donovan Organizations: Reuters, Lawmakers Locations: Switzerland, Zurich
SAO PAULO, Nov 23 (Reuters) - Brazil's geological service on Thursday announced a new species of dinosaur, a speedy animal that lived in the desert during the early Cretaceous period. "From the large distance between the footprints found, it is possible to deduce that it was a very fast reptile that ran across the ancient dunes," the geological service said in a statement. The fossilized dinosaur "trackways," as scientists call them, were first found in the 1980s by Italian priest and paleontologist Giuseppe Leonardi in what today is the city of Araraquara, in Sao Paulo state. The footprints are different from all other known dinosaur footprints, said MCTer paleontologist Rafael Costa. Reporting by Jake Spring and Eduardo Simoes; Editing by Brendan O'Boyle and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Giuseppe Leonardi, Leonardi, Rafael Costa, Jake Spring, Eduardo Simoes, Brendan O'Boyle, Jonathan Oatis Organizations: SAO PAULO, Brazil's Museum, Earth Sciences, Thomson Locations: Araraquara, Sao Paulo
SAO PAULO, Sept 6 (Reuters) - The death toll from heavy rains in southern Brazil rose to 36, local authorities said on Wednesday, as a tropical cyclone battered and soaked the region, flooding homes and swelling rivers. Video obtained by Reuters showed rising water flooding streets and rivers and submerging houses in the small town of Mucum, in Rio Grande do Sul state. Dominguez Fontana, a 74-year-old sawmill worker who escaped the Mucum flooding, said nothing could be salvaged. The Rio Grande do Sul floods are just the latest recent natural disasters in Brazil. More than 50 people were killed in Sao Paulo state this year after massive downpours caused landslides and flooding.
Persons: Dominguez Fontana, Luiz Inacio Lula da Silva, Eduardo Leite, Lula, Geraldo Alckmin, Eduardo Simoes, Gabriel Araujo, Kylie Madry, William Maclean, David Gregorio Our Organizations: SAO PAULO, Reuters, Roca, Thomson Locations: Brazil, Mucum, Rio Grande do Sul, Sao Paulo, Petropolis, Rio de Janeiro, Bahia, Santa Catarina
President of Brazil Luiz Inacio Lula da Silva and President Joe Biden walk along the West Colonnade to the Oval Office at the White House in Washington, U.S. February 10, 2023. Sarah Silbiger/Pool via REUTERS/File photo Acquire Licensing RightsSAO PAULO, Aug 29 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants to discuss the possibility of making changes to the United Nations Security Council with his U.S. counterpart Joe Biden. Lula, who has long campaigned for Brazil and other countries to be permanently included in the council, is expected to meet Biden on the sidelines of the U.N. General Assembly next month in New York. Last week, during a summit of the BRICS group of emerging nations in South Africa, the leftist leader called on fellow BRICS members China and Russia to support more countries entering the council as permanent members. The Brazilian leader added in a live broadcast on social media that BRICS members have agreed to discuss until next year's summit the possibility of establishing a common currency for trade between them.
Persons: Brazil Luiz Inacio Lula da Silva, Joe Biden, Sarah Silbiger, Luiz Inacio Lula da Silva, Lula, Biden, Gabriel Araujo, Eduardo Simoes, Kylie Madry Organizations: White, SAO PAULO, United Nations Security Council, U.S, General Assembly, Congress, Thomson Locations: Washington , U.S, Brazil, New York, South Africa, China, Russia, India, Germany, Japan
RIO DE JANEIRO, Aug 2 (Reuters) - Police in Rio de Janeiro killed at least nine people in a raid on Wednesday, in the latest example of deadly violence by Brazil's security officials after 16 people died at the hands of Sao Paulo state police earlier this week. Police in Rio said they were attacked by armed assailants during Wednesday's operation in the Penha neighborhood. Lopsided death tolls have become a common occurrence in Rio raids, leading critics to allege excessive force or even summary executions by the police. REUTERS/Pilar OlivaresSao Paulo, Brazil's wealthiest and most populous state, has been less blighted by police violence than neighboring Rio. Among those killed in the Rio operation were "Fiel" and "Du Leme," two alleged gang leaders in the impoverished Juramento and Chatuba neighborhoods, police said.
Persons: Jair Bolsonaro, Bolsonaro, Luiz Inacio Lula da Silva, Pilar Olivares Sao, Santos, Tarcisio de Freitas, Freitas, Du Leme, Marco Andrade, Rodrigo Viga Gaier, Eduardo Simoes, Steven Grattan, Gabriel Stargardter, Jonathan Oatis, Richard Chang, Alistair Bell Organizations: RIO DE, Police, REUTERS, Paulo, Thomson Locations: RIO DE JANEIRO, Rio de Janeiro, Sao Paulo, Brazil, Rio, Penha, Guaruja
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore low-carbon fuel is needed for the world, but financing conditions need to improveOctavio Simoes, President and CEO of Tellurian discusses the current shift in energy supply chains and challenges faced by energy producers.
Persons: Octavio Simoes, Tellurian
MADRID, June 15 (Reuters) - Spain's Santander (SAN.MC) on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain's Legal and General Group (LGEN.L). As regional chief, Castro will be responsible for the bank's businesses in Europe, including its units in Spain, Britain, Poland and Portugal. The appointment will take effect on September 1, subject to customary approvals, with Simoes continuing in his current position until then, the lender said. Castro will lead the transformation in the region and report to the group's CEO, Hector Grisi, while maintaining his current position as CEO of Santander Portugal. Reporting by Jesús Aguado; editing by Inti LandauroOur Standards: The Thomson Reuters Trust Principles.
Persons: Pedro Castro e Almeida, Antonio Simoes, Castro, Simoes, Hector Grisi, Jesús, Inti Organizations: Spain's Santander, General Group, Santander, Inti Landauro, Thomson Locations: MADRID, Europe, Spain, Britain, Poland, Portugal, Santander Portugal
New L&G CEO has ways to tackle Brexit discount
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 15 (Reuters Breakingviews) - Britain’s Legal & General (LGEN.L) is betting on an outsider to offset a valuation discount against non-UK rivals. The $17 billion insurer has picked Banco Santander’s (SAN.MC) regional head of Europe António Simões as its new CEO. The unit’s non-UK assets accounted for 43% of new money last year. The arrival of the Portuguese-born banker will cost L&G 1.175 million pounds in annual basic salary, 9% more than Wilson’s base pay. That adds pressure for Simões to tackle L&G’s Brexit valuation gap.
Persons: Nigel Wilson –, , Simões, Assicurazioni, Wilson, Pamela Barbaglia, Lisa Jucca, Oliver Taslic Organizations: Reuters, Banco Santander’s, Allianz, HSBC, HK, G Capital, Twitter, Bank, Thomson Locations: Europe, Zurich, London, Hong Kong, United States, Portuguese, India
A seventh grader at Thomas Starr King Middle School in California, Soong was granted absence time to compete in the grueling two round, 36-hole event dubbed “Golf’s Longest Day”. Soong became the youngest ever to reach the final round of US Open qualifying after edging through a three-way first stage playoff at Brentwood Country Club in California last month, securing his passage with a 12-foot putt. Zhang in action at the 2012 US Open at The Olympic Club in San Francisco, California. Neither Block stamped their ticket to the major next week, with the youngest finishing three shots behind Soong. His father missed out in agonizing fashion, finishing just two shots behind the highest scoring qualifier at Ontario’s Lambton Golf and Country Club and just one shy of making it on to the alternate list.
Persons: Jaden Soong, Thomas Starr, Soong, Brendan Steele, Dylan Block, Michael Block, Andy Zhang, Zhang, Harry, Bella Simões, Lexi Thompson, Rose Zhang Organizations: CNN, US, Hillcrest Country Club, Thomas Starr King Middle School, Los Angeles Country Club, Hillcrest, Brentwood Country Club, Olympic Club, Stanford University, Mizuho, Ontario’s, Country Club Locations: Los Angeles, California, Toronto, Canada, San Francisco , California, Brazilian, Ontario’s Lambton
[1/2] A logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio MoraesSAO PAULO, May 18 (Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near Amapá, in a much-awaited decision that followed a technical recommendation by Ibama experts to reject the project. The decision by Ibama, which is overseen by Lula's environment minister, the globally recognized environmentalist Marina Silva, has riled some within the governing coalition. "We'll fight against this decision," Rodrigues wrote on Twitter, adding that "the people of Amapa want to have the right to be heard".
Would he adapt to life in the Premier League? Only Dixie Dean, who scored 63 in the 1927/28 season, has more goals in English football during a single top-flight campaign. Haaland’s Premier League tally, which includes four hat-tricks, is a league record for a single season, breaking the previous mark held jointly by Alan Shearer and Andy Cole. Haaland, Addo observes, has modified his game to devastating effect since arriving in the Premier League, taking his pace, power, and deadly finishing to another level. Mario Hommes/DeFodi Images/Getty ImagesAddo, a former Dortmund player and Ghanaian international, oversees the development of the Bundesliga club’s talented crop of young players.
At nine years old, the Brazilian is the youngest player ever to attempt qualification to the tournament, set to tee off at California’s acclaimed Pebble Beach course for the first time in its 78-year history in July. Follow along @FSGA ➡️ https://t.co/622czXdhXk pic.twitter.com/4aYolLLL21 — U.S. Women's Open (USGA) (@uswomensopen) May 9, 2023Yet that should come as no surprise given Simões’ already-impressive résumé. Aged 14 in 2004, she bested many of the world's top men's players' and major winners at the Sony Open (pictured) despite narrowly missing the cut. The Brazilian shot 23-over par, as two players – Lindy Duncan and Brooke Matthews – secured automatic qualification with scores of 10-under and 8-under respectively. Kimberly Williams, a 60-year-old pro from Bethesda, Maryland, was the oldest player to attempt qualification this year, according to the USGA.
SAO PAULO, May 9 (Reuters) - Renowned Brazilian rock singer and songwriter Rita Lee, an icon of the Tropicalia artistic movement, died on Tuesday after a two-year battle with lung cancer, her family said. Her death brought an outpouring of tributes from artists, politicians and celebrities who cheered her trailblazing role in Brazilian rock. Rita Lee Jones de Carvalho was born on Dec. 31, 1947, in Sao Paulo, to a dentist of U.S. descent and a Brazilian pianist with Italian ancestry. Kicked out of Os Mutantes by Baptista, whom she had been married to, for supposed artistic differences, Lee played with the band Tutti Frutti in the 1970s. Rita Lee was diagnosed with lung cancer in 2021 and had been undergoing treatment since then.
SAO PAULO, April 19 (Reuters) - Brazil's Treasury Secretary Rogerio Ceron said on Wednesday that a new fiscal framework proposed by the government was designed to last for a long time, facing different economic and political cycles. "It is a sustainable path, unlike past solutions that had an expiration date," Ceron said in an interview with GloboNews, adding the framework puts an end to doubts about whether government spending would get "out of control". Ceron said that government simulations showed Brazil's downward debt trajectory starting as soon as 2026 under the new framework, depending on monetary easing. In the most pessimistic scenario, he added, debt would stabilize by 2029. Reporting by Eduardo Simoes; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
He cited Xi and the president of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, both of whom he met this week. Lula had previously said the group should gather countries not "encouraging" war, adding that nations that are supplying weapons should be convinced to stop doing so. Germany earlier this year reportedly asked Brazil to supply arms as well, but Lula refused. Lula had a call with Ukrainian President Volodymyr Zelenskiy earlier this year. Reporting by Gabriel Araujo and Eduardo Simoes in Sao Paulo; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Companies Tellurian Inc FollowHOUSTON, April 13 (Reuters) - Tellurian (TELL.A) on Thursday asked its shareholders to vote on a proposal to double its share count as the liquefied natural gas (LNG) developer seeks to finance its multi-billion-dollar export terminal. The proposal - to increase authorized shares to 1.6 billion - if approved would provide additional financial flexibility while diluting the stakes of existing shareholders, the filing said. Shareholders will vote on the proposal on June 7, the company said in a proxy filing. Its Driftwood LNG export project received a U.S. export permit in March 2017, but has not achieved a financial go-ahead. The company's proxy filing shows executive pay fell last year as contracts with potential customers fell through and Tellurian began initial construction using its own cash.
SAO PAULO, April 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Thursday again criticized the country's interest rates, saying at a meeting with journalists that current lending costs were inexplicable and hinting at a potential change to inflation targets. "If the inflation target is wrong, change the target," Lula said, according to remarks broadcast by TV channel GloboNews. Brazil has an inflation target of 3.25% for this year, which will be lowered to 3% in 2024, but consumer prices reached 5.6% in the 12 months through February. Benchmark interest rates stand at a six-year high of 13.75%. Reporting by Eduardo Simoes and Pedro Fonseca; Writing by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
Death toll from Brazil floods, landslides reaches 57
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, Feb 24 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 57 people on Friday, official figures showed. Massive downpours have caused landslides and flooding in coastal towns of Brazil's richest state since last weekend. The city of Sao Sebastiao bore the brunt of the human toll, with 56 of the reported deaths. The Sao Paulo state government said in a statement that more rains were expected on Friday while search and rescue efforts continued with dozens still missing. On Thursday a Brazilian Navy ship arrived in Sao Sebastiao to help rescue victims.
SAO PAULO, Feb 23 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 49 people, official figures showed on Thursday, as cities in the region brace for more downpour in the coming days. The number of casualties rose from 48 reported a day earlier, the Sao Paulo state government said in a statement, but dozens remained missing and search and rescue efforts continued. The city of Sao Sebastiao, located some 200 km (124.3 miles) from Sao Paulo, bore the brunt of the human toll, with 48 of the reported deaths, but nearby towns such as Ilhabela, Caraguatatuba, Bertioga and Ubatuba were also affected. Massive downpours have caused landslides and flooding since last weekend in coastal towns of Brazil's richest state, so far hit by more than 600 millimeters (23.6 inches) of rain, the highest cumulative figure ever in the country. Reporting by Eduardo Simoes; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
Death toll from Brazil downpours hits 48, dozens still missing
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +2 min
[1/7] Volunteers, firefighters, army officers and a civil guard carry the body of a woman who died at one of the landslide sites after severe rainfall at Barra do Sahy, in Sao Sebastiao, Brazil, February 22, 2023. REUTERS/Amanda PerobelliSAO PAULO, Feb 22 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 48 people, official figures showed on Wednesday, but dozens were still missing as search and rescue efforts continued. The number of casualties rose from 46 reported a day earlier, the Sao Paulo state government said in a statement. The city of Sao Sebastiao, located some 200 km (124.3 miles) from Sao Paulo, bore the brunt of the human toll, with 47 of the reported deaths. The floods in coastal Sao Paulo state were the latest in a series of such disasters to recently strike Brazil, where shoddy construction, often on hillsides, can have tragic consequences during the country's rainy season.
Feb 7 (Reuters) - Tellurian Inc is continuing discussions with the Indian government and oil companies for investments in its Driftwood liquefied natural gas project in Louisiana, its chief executive told Reuters on Tuesday. "The only way India and Indian companies can supply LNG at the lowest possible cost is if they invest equity in a project that allows them to lift the LNG at cost. We offer that, so obviously, it is very, very attractive to the Indian companies and the Indian government," Simoes said. Houston, Texas-based Tellurian resumed talks with Indian oil and gas companies for investments in Driftwood LNG late last year. No other competing project is under construction," Simoes said.
LISBON/SAO PAULO, Feb 3 (Reuters) - Brazil's Supreme Court Justice Alexandre de Moraes confirmed on Friday that Senator Marcos do Val told him about an election conspiracy meeting he allegedly attended with former President Jair Bolsonaro and former lawmaker Daniel Silveira last year. Moraes said during an event held in Lisbon that Do Val approached him to talk about the meeting. The justice said he then asked the senator to testify formalizing the allegations, but Do Val declined to do so. Do Val told reporters on Thursday that Bolsonaro, narrowly defeated by President Luiz Inacio Lula da Silva in an October vote, "sat in silence" while Silveira laid out the plot against Moraes at the meeting. Silveira was arrested by police on Thursday on a warrant issued by Moraes, who accused him of disobeying court rulings.
BRASILIA, Feb 2 (Reuters) - A Brazilian senator said on Thursday that a close ally of former President Jair Bolsonaro tried to persuade the senator to join a conspiracy to overturn the far-right leader's electoral loss last year. Senator Marcos do Val told a news conference that he had been invited to a meeting on Dec. 9 with then-President Bolsonaro by his associate, former lawmaker Daniel Silveira. At the meeting, Silveira asked the senator to try to get the head of the electoral court to make compromising comments in a taped conversation that could lead to the judge's arrest, Val said. The senator told reporters that Bolsonaro "sat in silence" while Silveira laid out the plot against Justice Alexandre de Moraes, a Supreme Court judge running Brazil's top electoral authority (TSE). Silveira told the former president that Val, a Bolsonaro supporter, could be trusted and asked Bolsonaro to present "the idea that would save Brazil" to him, according to the Veja report.
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