The year 2024 is a record-breaking year for federal revenue. In May, the resources generated by the payment of taxes, contributions, and other revenues totaled R$ 202.9 billion, according to a survey conducted by the Federal Revenue Service.
This represents a real increase, excluding inflation, of 10.46% compared to the same period last year and the highest collection ever recorded for the month since the beginning of the historical series in 1995.
In the accumulated total for the first five months of 2024, revenue totaled R$ 1.1 trillion, which represents a significant advance of 8.72% compared to the same period in 2023.
It is undeniable, therefore, that the government’s strategy to increase revenues has been successful. However, it is certain that the hole in public accounts will not decrease until a comprehensive program to cut expenses is instituted. In this aspect, there is no sign from the economic team that something in this regard will be done.
Fossil fuels lose space in the Brazilian energy matrix. A report by the Energy Research Company in partnership with the Ministry of Mines and Energy showed that oil and its derivatives currently account for 35.1% of the national matrix.
A decade ago, the index was 39.2%. Considering the same comparative base, the share of natural gas has decreased from 13.5% to 9.6%. According to experts, the reduction is positive but insufficient to curb the damage to the planet.
Nvidia loses US$ 430 billion in market value. Anything that rises very fast can fall at the same speed. A few days after surpassing Microsoft to become the world’s most valuable company, the American Nvidia, specialized in artificial intelligence chips, saw its market value reduced by US$ 430 billion.
Investors did not like to know that Jensen Huang, the company’s founder, sold US$ 95 million in company shares. In the financial market, there is a fear that the optimism about Nvidia may have been exaggerated.
Netflix rehearses offering free plans. Netflix, the world’s largest streaming company, intends to dust off an idea that has been circulating for a long time: free plans, but with ads.
According to the Bloomberg agency, the initiative will be tested, initially, only in some countries in Europe and Asia. If the project is successful, it will be later taken to other markets, including Brazil and the United States.
What is the point of offering free programming? The logic is to increase viewership and, thus, captivate a new audience.
Quick News:
- Brazilians are set to invade Paris during the Olympics. According to Airbnb, guests from Brazil occupy the eighth position in the number of nights booked for the event. English, French, and Americans are at the top of the ranking.
- The German automaker Volkswagen will invest US$ 5 billion in the American electric vehicle manufacturer Rivian. According to Volkswagen, the agreement also includes the sharing of software for the development of electric models. After the announcement of the agreement, Rivian’s shares surged 40% on the New York Stock Exchange.
- Frenchman Bernard Arnault, owner of the luxury empire LVMH and the third richest man in the world, bought shares of Richemont, the owner of the iconic jewelry store Cartier and brands like Montblanc and Piaget.
- Finding ways to combat pollutant emissions will be costly – even for consumers. The German airline Lufthansa will charge a €72 fee on its fares to cover “some of the increasingly higher costs due to regulatory environmental requirements,” the company said.
- The Brazilian bio-inputs market grew by 15% in the 2023/2024 harvest, according to a survey by CropLife, an entity that represents 23 agrochemical and seed industries in the country.
“I always see a lot of value in consensus. The chance of making a mistake with nine people is lower than making one alone.
But I think it is very important that each director votes coherently, and that consensus does not become a shield to avoid criticism.” – Gabriel Galípolo, director of monetary policy at the Central Bank, on the unanimous decision of the authority to keep the interest rate unchanged.