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☆ Deforestation in Brazil's Amazon falls 66% in August
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

In the first eight months of the year, INPE's figures showed, deforestation has fallen a cumulative 48% from the same period of 2022. Brazil last month hosted a major rainforest summit, where eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation but failed to agree on a common goal for ending deforestation. "We are experiencing a new moment, with more assertive policies and greater political will in favor of the Amazon," WWF-Brasil's director, Mariana Napolitano, said. But more is still needed, including traceability and transparency in the trade of livestock, gold and other commodities, she added. Reporting by Gabriel Araujo and Peter Frontini; editing by Jonathan Oatis and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Kelly, Marina Silva, INPE, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Bolsonaro, Mariana Napolitano, Gabriel Araujo, Peter Frontini, Jonathan Oatis, Sandra Maler Organizations: REUTERS, Environment Ministry, Thomson Locations: Uruara, Para, Brazil

☆ Brazil's Lula Legalizes More Indigenous Reservations in Amazon
▼ + stars: | 2023-09-05 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Anthony BoadleBRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Tuesday officially recognized two Indigenous territories, granting them legal protection as reservations to defend against invasions by illegal loggers, gold miners and cattle ranchers. Environmentalists say Indigenous groups are the best guardians of the rainforest and deforestation data shows that the forests on their reservations are the best conserved. Lula, who pledged to legalize the greatest number of reservations possible, has so far signed decrees recognizing eight Indigenous territories since taking office in January. The Supreme Court, however, is expected rule that the cut-off date for claiming ancestral lands that were not lived on in 1988 is unconstitutional for denying recognized Indigenous rights. The reservations legalized by Lula on Tuesday are the Acapuri de Cima and the Rio Gregorio Indigenous territories in the states of Amazonas and Acre, respectively.

Persons: Anthony Boadle BRASILIA, Luiz Inacio Lula da Silva, Lula, Cima, Sonia Guajajara, Guajajara, Anthony Boadle, Sandra Maler Organizations: Reuters, Rio, Indigenous Peoples Locations: Brazil, Rio Gregorio, Amazonas, Acre

[1/2] Brazil's Environment Minister Marina Silva meets Davi Kopenawa, chief of the Yanomami, after a ceremony to commemorate Amazon Day, at the Planalto Palace in Brasilia, Brazil, September 5, 2023. Environmentalists say Indigenous groups are the best guardians of the rainforest and deforestation data shows that the forests on their reservations are the best conserved. Lula, who pledged to legalize the greatest number of reservations possible, has so far signed decrees recognizing eight Indigenous territories since taking office in January. The Supreme Court, however, is expected rule that the cut-off date for claiming ancestral lands that were not lived on in 1988 is unconstitutional for denying recognized Indigenous rights. The reservations legalized by Lula on Tuesday are the Acapuri de Cima and the Rio Gregorio Indigenous territories in the states of Amazonas and Acre, respectively.

Persons: Marina Silva, Davi Kopenawa, Ueslei Marcelino, Luiz Inacio Lula da Silva, Lula, Cima, Sonia Guajajara, Guajajara, Anthony Boadle, Sandra Maler Organizations: Amazon, REUTERS, Rights, Rio, Indigenous Peoples, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, Rio Gregorio, Amazonas, Acre

Brazilian indigenous peoples gather as the Supreme Court on weighing the constitutionality of laws to limit the ability of Indigenous peoples to win protected status for ancestral lands, in Brasilia, Brazil August 30, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsBRASILIA, Aug 31 (Reuters) - Brazil's Supreme Court is expected to rule next week against attempts by the country's powerful farm lobby to limit land claims by Indigenous peoples to areas they occupied before 1988. Lawyers and Indigenous rights advocates believe a majority of the nine-member court will vote by Wednesday to reject the date restriction on the grounds it is unconstitutional. Congress has pushed ahead with bills allowing Indigenous reservations only on land that was occupied by native communities when Brazil passed its Constitution in 1988. Indigenous leaders say the Supreme Court decision is vital for the resolution of some 300 pending land recognition claims that would protect their communities from land-grabbers and invasions by illegal loggers and wildcat gold miners.

Persons: Adriano Machado, Juliana de Paula, Cristiano Zanin, Zanin, Anthony Boadle, Cynthia Osterman, Simon Cameron, Moore Organizations: REUTERS, Rights, Environmental, ISA, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, Santa Catarina

☆ All That Glitters: A Fresh Look at the California Gold Rush
▼ + stars: | 2023-08-31 | by ( W. M. Akers | ) www.nytimes.com time to read: +1 min

FORTUNE’S FRENZY: A California Gold Rush Odyssey, by Eilene LyonHow do we remember the forty-niners? The hundreds of thousands of gold miners who flooded California, displaced Indigenous people, remade the landscape and laid the ground for statehood? Perhaps we picture a grizzled prospector panning for gold, broke and desperate, praying for the mother lode. Whatever we imagine, according to a new book by Eilene Lyon, the reality was much worse. “Fortune’s Frenzy” traces the path of Henry Jenkins, an Indiana farmer who left for California in 1851.

Persons: Eilene Lyon, Henry Jenkins, Jenkins, Lyon, “, Susannah, ”, merriment ” Organizations: California, Rush Locations: California, Indiana, New Orleans, Panama, San Francisco

[1/5] Brazil's indigenous chief Raoni Metuktire poses for a photo during an interview before a summit of Amazon rainforest nations at the Igarape Park, in Belem, Para state, Brazil August 5, 2023. "I will ask the presidents to commit to guaranteeing the preservation of the forest," he told Reuters. Raoni, an unmistakable figure with his large lip plate and yellow feather headdress, is a chief of the Kayapo people, an Indigenous group that lives along the Xingu River where savannah plains meet the Amazon rainforest. "The deforestation of the Amazon's forests is not good for us Indigenous peoples, and white man needs to rethink and preserve what remains of the Amazon," he warned. Reporting by Leonardo Benassatto and Ueslei Marcelino; Writing by Anthony Boadle; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Raoni Metuktire, Ueslei Marcelino, Raoni, Luiz Inacio Lula da Silva, Sting, Leonardo Benassatto, Anthony Boadle, Jonathan Oatis Organizations: REUTERS, Ueslei, Reuters, Brazilian Congress, Amazon Cooperation Treaty Organization, Thomson Locations: Belem , Para, Brazil, Ueslei Marcelino BELEM, Belem, U.S, France

☆ Microsoft could soar 22% and will top a $3 trillion valuation as it's best positioned to monetize generative AI, Morgan Stanley says
▼ + stars: | 2023-07-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Microsoft stock is poised to top a $3 trillion valuation in early 2024 as it is best positioned to monetize generative AI, according to Morgan Stanley. "Microsoft likely emerges as an early 'Picks and Shovels' beneficiary" of generative AI, Morgan Stanley said. The bank called Microsoft stock a "Top Pick" and said it has 22% upside potential from current levels thanks to its "pole position" in the generative AI race that should help it quickly monetize the growing trend. And investors should see the impact of AI on Microsoft's financials sooner rather than later as increased datasets flow into bigger revenues for Microsoft's Azure cloud service. And although Microsoft's stock is up about 40% year-to-date, its valuation isn't stretched based on historical averages, "despite the unrivaled Generative AI positioning," Weiss concluded.

Persons: Morgan Stanley, —, Morgan Stanley's Keith Weiss, Weiss Organizations: Microsoft, Service, Apple, OpenAI Locations: OpenAI

Morgan Stanley raised its Microsoft stock outlook to the highest on Wall Street, implying the company once famous for Windows software will climb above a market value of $3 trillion because of artificial intelligence. The generative AI boom has already helped propel Microsoft's stock by almost 41% year to date — and Morgan Stanley's new price target implies it will climb another 23% over the next 12 months. Weiss raised his price target on Microsoft by 24%, to $415 from $335. Morgan Stanley called Microsoft its top pick among large-cap software stocks on account of the company's strong positioning in the generative AI boom. MSFT YTD mountain Microsoft stock Weiss said Microsoft has taken a "leading position" providing the "picks and shovels" of the AI boom — large language models, data management and other technologies.

Persons: Morgan Stanley, —, Morgan, Keith Weiss, Weiss, FactSet, — CNBC's Michael Bloom Organizations: Microsoft, Windows, Software, OpenAI

☆ Here's what to buy — and avoid — after the U.S. debt ceiling deal, according to analysts
▼ + stars: | 2023-06-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The debt ceiling crisis is over now that the bill has been signed , but investors still need to navigate the aftermath. There are opportunities — but also potential minefields to avoid — after the debt ceiling is lifted, such as an influx of Treasurys, according to some analysts. Citi, meanwhile, said that opportunities could emerge in non-U.S. debt — especially higher-yielding, investment-grade emerging market bonds. U.S. banks However, Citi analysts also cautioned that there is the potential for higher Treasury yields to siphon deposits away from the weaker U.S. banks. However, the bank said they could recover once regional bank shares do better on the back of stabilizing economic conditions.

Persons: Paul Gambles, it's, Gambles, we're Organizations: U.S . Federal Reserve, Treasury Department, Treasuries, Treasurys, Treasury, Citi, CNBC Locations: U.S

☆ Brazil's Lula cuts losses after setbacks on environment and Indigenous front
▼ + stars: | 2023-05-31 | by ( Maria Carolina Marcello | ) www.reuters.com time to read: +3 min

On Wednesday, the minority Lula government faces another key vote in the chamber that will reduce the powers of the ministries of the environment and of Indigenous affairs. Lula called an emergency cabinet meeting to discuss the dilemma, and called the speaker of the lower house, Arthur Lira, whom he plans to meet as well, to ensure the measure passes. INDIGENOUS ENVIRONMENTAL SETBACKThe law passed on Tuesday would set a cut-off date for recognizing Indigenous land claims, establishing that they had to be occupied before Brazil's current Constitution was enacted in 1988. Brazil's 1 million Indigenous peoples are guaranteed by the Constitution the right to live on ancestral lands. After the bill passed, the minister of Indigenous peoples, Sonia Guajajara, said that the deputies who backed it would be "responsible for approving a bill that explicitly attacks the lives of Indigenous peoples in Brazil."

Persons: Luiz Inacio Lula da Silva, Lula, Arthur Lira, Jair Bolsonaro, Bolsonaro, Sonia Guajajara, Lisandra Paraguassu, Ricardo Brito, Maria Carolina Marcello, Anthony Boadle, Matthew Lewis Organizations: Lawmakers, Liberal Party, Thomson Locations: BRASILIA, Congress, Sao Paulo, Brazil's, Brazil, Brasilia

The approval, by 283 votes to 155, comes after Indigenous groups blocked a highway and burned tires to protest the measures earlier on Tuesday. Outside Sao Paulo, Brazil's largest city, demonstrators blocked a major motorway with flaming tires and used bows and arrows to confront police, who dispersed them with tear gas. Indigenous groups from across the country planned a week of protests outside Congress in the capital Brasilia. Lula legally recognized six Indigenous territories last month. Reporting by Anthony Boadle in Brasilia and Leonardo Benassatto in Sao Paulo; Editing by Brad Haynes, Cynthia Osterman and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill, Marco, Amanda Perobelli, Jair Bolsonaro, Luiz Inacio Lula da Silva, Bolsonaro, Lula, Anthony Boadle, Leonardo Benassatto, Brad Haynes, Cynthia Osterman Organizations: SAO PAULO, REUTERS, Supreme, Sao Paulo, Thomson Locations: BRASILIA, SAO, Sao Paulo, Brazil's, Brasilia, Guarani, Brazil, Sao, Lincoln

☆ How much of A.I. is just hype? A bull and a bear share their tips on how to invest
▼ + stars: | 2023-05-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But it's also had its detractors , and some analysts have warned of the risks of investing in AI. One example is Meta, which has jumped over 100% this year partly as a result of its pivot from the metaverse to AI, Dietze said. How to invest Dietze and Ware agree on one thing: Avoid investing in pure-play AI companies. For such larger tech companies, AI is only going to be a small part of total revenues and profits — so it's safer, although returns will be more muted, he said. Ware added, "Forget making bets on 'pure play' AI companies with no earnings, no moat, and now [higher] costs of capital.

☆ Mysterious Killing of Chinese Gold Miners Puts New Pressure on Beijing
▼ + stars: | 2023-05-15 | by ( Nicole Hong | Elian Peltier | ) www.nytimes.com time to read: +1 min

The Chinese embassy in the Central African Republic had a stark warning for its compatriots in the landlocked nation: Do not leave the capital city of Bangui. Kidnappings of foreigners were on the rise, and any Chinese person outside of Bangui was to leave those areas immediately. Less than a week later, on March 19, a group of gunmen stormed a remote gold mine far away from Bangui and killed nine Chinese workers. The Central African government has said that it investigated the massacre and concluded that a leading rebel group had orchestrated it. The investigation has left a trail of unanswered questions about the motives and methods of the attackers.

☆ Brazil police shoot dead 4 illegal gold miners on Yanomami reservation
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

[1/4] A helicopter of the Brazilian Environmental Agency (IBAMA) is seen near Uraricoera river during an operation at illegal mining in the Yanomami indigenous land, Roraima state, Brazil, February 11, 2023. REUTERS/Amanda Perobelli/File PhotoBRASILIA, May 1 (Reuters) - Brazilian police and environmental protection agents were ambushed by illegal gold miners on the Yanomami Indigenous reservation in the Amazon on Monday and four miners were shot dead in the exchange of gunfire, a government statement said. The Environment Ministry said their team was attacked when they moved in to dismantle a wildcat mining camp run by an organized crime gang. Brazilian authorities are keen to show that they mean business in their efforts to remove the remainder of the wildcat miners on the reservation following the fatal shooting of a Yanomami man. Gold miners killed one man and seriously injured two others in an attack on Saturday in the Yanomami territory, where authorities have been evicting illegal miners who invaded Brazil's largest indigenous reservation, the size of Portugal.

☆ Brazil's Lula resumes creation of Indigenous reservations halted by Bolsonaro
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ueslei Marcelino/File PhotoBRASILIA, April 27 (Reuters) - Brazil's President Luiz Inacio Lula da Silva announced the formal recognition of six Indigenous reservations on Friday, fulfilling a campaign promise to reverse the policy of his far-right predecessor Jair Bolsonaro. Lula made the announcement as part of the annual meeting in Brasilia of representatives of Brazil's one million Indigenous people. The Free Land Camp is a five-day event featuring music, dance and food in tents erected on the grass esplanade of the capital. Indigenous leaders called on the president to speed up the recognition of some 300 Indigenous territories that have been mapped out but have waited for years to be formally recognized. With no state protection, Indigenous communities are in danger of invasions by illegal loggers and wildcat gold miners that surged under Bolsonaro.

☆ Make these 12 investments with strong technical set ups right now while the broader market faces the risk of a 'climactic bear scenario,' according to a longtime chartmaster
▼ + stars: | 2023-04-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Chartmaster David Keller shared the three biggest risks facing the market right now. The S&P 500 may struggle to break past technical resistance of 4,200 and 4,300. He predicted that if the VIX rises to 20, the S&P 500 would fall to a vital support level of 3,800. The percentage of S&P 500 stocks trading above their 50-day moving average (in green) has fallen below 50% recently. David Keller, StockCharts.comPoor market breadth should be a serious concern for investors, Keller said.

☆ Want to invest in gold? Skip mining stocks, strategist says, and trade this instead
▼ + stars: | 2023-04-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Gold prices are up 12% this year and are now trading at $2049 per troy ounce on the New York spot price market. Gold prices typically surge if markets expect low interest rates in a high inflationary environment. The strategist expects gold prices to reach $2,200 per ounce over the next 12 months. How to trade gold Doyle's preferred method for gaining exposure to gold is through exchange-traded commodities (ETCs), which are backed by physical gold. A number of ETCs for gold exist, such as the iShares Physical Gold ETC , Invesco Physical Gold , WisdomTree Core Physical Gold , Xtrackers Physical Gold ETC , and Xetra-Gold .

☆ TSX futures gain on oil boost; big US banks jump
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

April 14 (Reuters) - Futures for Canada's commodity-heavy stock index edged up on Friday, tracking a rise in crude prices, while upbeat earnings from big U.S. banks supported optimistic investor mood. June futures on the S&P/TSX index were up 0.2% at 7:00 a.m. Wall Street futures slipped as most growth and technology stocks were down in premarket trading, while robust earnings from big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N), limited losses for futures tracking S&P 500 (.SPX). The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) rose on Thursday to its highest closing level in nearly six weeks, buoyed by strength in gold miners. In company news, Scotiabank downgraded oil and gas company Cenovus Energy Inc (CVE.TO) to "sector perform" from "sector outperform."

☆ A gold miner found a mysterious grapefruit-sized fur ball. It turned out to be a 'perfectly preserved' 30,000-year-old squirrel.
▼ + stars: | 2023-04-11 | by ( Chris Panella | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

But X-ray scans have revealed this grapefruit-sized lump is actually a 30,000-year-old mummified ground squirrel from the Ice Age. A ground squirrel for the agesAn illustration of the mummified ground squirrel curled up in its burrow during hibernation. "I study bones all the time and they're exciting, they're really neat. Wolfgang Kaehler/LightRocket via Getty Images"Some people get really, really excited when they find that giant woolly mammoth leg or, you know, the big tusks or the big skulls. But for me, the Arctic ground squirrel fossils, the nests, and now this mummified squirrel, are really the coolest things that we do have.

☆ Gold and mining ETFs are surging as the precious metal flirts with a record high
▼ + stars: | 2023-04-07 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Over the past month, the SPDR Gold Shares ETF (GLD) has pulled in more than $1 billion of new money, according to FactSet. The iShares Gold Trust (IAU) , SPDR Gold MiniShares Trust (GLDM) , Abrdn Physical Gold Shares ETF (SGOL) and Goldman Sachs Physical Gold ETF (AAAU) have pulled in more than $400 million combined. Funds comprised of gold mining stocks have also been popular, with the VanEck Gold Miners ETF (GDX) pulling in about $200 million. GDX YTD mountain Gold mining ETFs are rallying in 2023. The gold mining funds from Sprott ( SGDM ) and iShares ( RING ) have seen similarly strong performance.

☆ Want to play soaring gold prices? These stocks are seen rising by at least 20%
▼ + stars: | 2023-04-07 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Gold prices are up about 10% this year and traded around $2,020 an ounce at one point on Thursday. For investors looking to cash on potentially higher gold prices, CNBC Pro screened FactSet for stocks in the Global X Gold Explorers ETF , the iShares MSCI Global Gold Miners ETF , the VanEck Gold Miners ETF , and the SPDR S & P Metals and Mining ETF . The company's gold mining operations are in Western Australia, where it aims to produce 185,000 to 205,000 ounces of gold annually by 2024. Analysts give British mining firm Hochschild Mining potential upside of 32.8%, according to FactSet data. Other stocks that made the screen include Australia's Silver Lake Resources , Indonesia's PT Merdeka Copper Gold, Endeavour Mining and B2Gold .

BRASILIA, April 5 (Reuters) - A Supreme Court judge backed a government move to crack down on illegal gold mining in Brazil, suspending a legal practice of buyers accepting the origin of the precious metal with paper receipts based on the "good faith" of the seller. The injunction by Justice Gilmar Mendes gave the government 90 days to adopt a new regulatory framework for the gold trade to stop the sale of gold mined illegally from indigenous lands and other environmentally protected areas. The previous government of President Jair Bolsonaro eased environmental protections and encouraged wildcat mining in the Amazon rainforest. A surge in illegal mining on the Yanomami indigenous reservation caused disease and malnutrition that led the Lula government to declare a humanitarian crisis. The Brazilian Institute of Mining (Ibram), which represents gold mining companies such as AngloGold Ashanti Ltd (ANGJ.J) and Yamana Gold Inc (YRI.TO), as well as multinational giants such as Vale (VALE3.SA), Rio Tinto Ltd (RIO.AX) and BHP Group Ltd (BHP.AX), said 20% of Brazilian gold had no declared origin in 2021, citing data from the National Mining Agency.

☆ Here's what's driving the gains for gold as it approaches its highest levels on record
▼ + stars: | 2023-04-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

It's taken gold prices a long time to get this high — 5,000 years, give or take a few centuries — and it looks like the yellow metal could keep climbing. "Gold prices have benefited in recent weeks from safe haven demand amid concerns on the banking sector, as well as a view that the likelihood of a recession (i.e., hard landing) have materially increased. "Lower rates, coupled with inflation still well above the 2% target, would be positive for gold prices," he added. @GC.1 YTD line Gold price this year Tariq expects gold to average $1,925 an ounce in the second quarter, a 10% increase from Credit Suisse's previous target. Roque has a price target at $2,322, implying 14% upside from here.

☆ Josh Brown buys Newmont: Technicals aligning with fundamentals for gold miners
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJosh Brown buys Newmont: Technicals aligning with fundamentals for gold minersJosh Brown, Stephanie Link, Jim Lebenthal join 'Halftime Report' to discuss standout technicals, today's JOLTS data, and strategies for navigating volatility.

☆ Buy gold, sell this industrial stock: How these traders are preparing for a slowing economy
▼ + stars: | 2023-04-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Ritholtz Wealth Management CEO Josh Brown said that he bought gold mining stock Newmont to play the surge in gold prices as investors turned to bullion in the wake of the recent banking crisis. Brown called Newmont the "highest quality name" trading on the New York Stock Exchange. "You just get these moments where people lose confidence in fiat, in the banking system, et cetera, and for whatever reason, religion or otherwise, they reach for gold," Brown said Tuesday on CNBC's " Halftime Report ." NEM YTD mountain Newmont shares YTD Gold futures popped over the $2,000 threshold on Tuesday. DE YTD mountain Deere share YTD "There needs to be more planting regardless of what goes on in the economy, recession or not," Lebenthal said.

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