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Lula Gets Blindsided as Brazil Inflation Jumps the Most in Years

(Bloomberg) -- Brazil’s Luiz Inacio Lula da Silva has weathered financial crises, corruption scandals and even a coup attempt. But now it’s the soaring cost of food that’s posing the biggest hazard for his presidency.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsInside the ‘Not Archite

Why Is Tesla (TSLA) Stock Rocketing Higher Today

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.8% in the morning session after President Trump said he would be buying a Tesla (vehicle), which could be interpreted as a show of support for CEO Elon Musk, who had played an active role in the administration's Department of Government Efficiency. Musk followed up by saying Tesla planned to double its production output in the United States within two years.

Why Concrete Pumping (BBCP) Stock Is Falling Today

Shares of concrete and waste management company Concrete Pumping (NASDAQ:BBCP) fell 17.4% in the morning session after the company reported weak fourth-quarter 2024 (fiscal Q1 2025) results: Its full-year EBITDA guidance missed significantly and its sales, adjusted EBITDA, and EPS fell short of Wall Street's estimates.