Government prohibits the sale of iPhone without charger, why bitcoin varies less than ethereum and what matters in the market

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iPhone without charger? can’t anymore

The Ministry of Justice and Public Security has banned Apple from selling smartphones without a battery charger in versions starting with the iPhone 12.

The American company was also fined in BRL 12.3 million as it is a “deliberately discriminatory practice against consumers”, according to Senacon (National Consumer Secretariat). Apple can appeal.

Understand: Apple stopped including the charger in the box of smartphones sold in the country from 2020, at the launch of the iPhone 12.

• Only the USB‑C to Lightning cable comes in the box and comes with USB-C power adapters and computer ports. The charger costs BRL 191 at the official store.

• The company attributes the decision to “part of the efforts to neutralize carbon emissions by 2030”. This Wednesday, big tech promotes the worldwide launch of the iPhone 14.

Procons on Apple’s glue: state consumer protection agencies have been questioning the company’s decision since 2020.

• In May of this year, Senacon had guided more than 900 Procons across the country to open administrative proceedings against Apple and Samsung, on account of the sale of devices without battery chargers.

Is the standard charger there? The idea of ​​adopting a standard charger for smartphones of all brands has gained strength in Brazil and Europe.

• In the same month, the European Union announced an agreement for smartphones, tablets and other portable devices sold in the block to adopt only the USB Type-C charger from 2024.

Mercedes will lay off 3,600 in SP

Mercedes-Benz announced on Tuesday the resignation of 3,600 workers of its truck and bus chassis factory in São Bernardo do Campo (SP), with the outsourcing of part of the operation.

The automaker attributed the move to cost pressure and the transformation of the auto industry.

She communicated that attention will be focused on priority activities for the company, which are the manufacture of bus and truck chassis and the development of technologies and services for the future.

In numbers: of the total dismissals, will be laid off 2,200 unit workers and about others 1,400 professionals will not have their temporary contracts renewed as of December 2022.

• The factory has 6,000 production workers and between 8,000 and 9,000 in total, according to the Greater ABC Metalworkers Union. The entity’s board of directors scheduled an assembly with workers for the next Thursday (8).

Series of locks: other automakers with factories in the state of São Paulo announced in recent years the end of activities or a restructuring.

• In 2019, the closing of the Ford plant in São Bernardo do Campo was one of the first steps towards the departure of the automaker from the country, announced in 2021.

• Last year, Mercedes itself sold a plant in Iracemápolis (SP), where luxury cars were produced, to Chinese Great Wall Motors.

• Caoa Cherry announced in May the interruption of vehicle production at its main plant in the country, in Jacareí (SP), to adapt the unit to the production of hybrid and electric cars.

Why Bitcoin Has Changed Little

One of the most volatile assets among those best known to investors, bitcoin has not operated very far from the level of US$ 20,000 (R$ 104,000) since June.

Ethereum, the second-highest market cap crypto, rose 50% since the beginning of July.

What explains: The low movement in the price of bitcoin takes place during the sector’s “winter”, characterized by the flight of investors in the face of the interest rate tightening process promoted by the Federal Reserve, the American central bank.

• Ethereum is one of the few exceptions because it is close to a long-awaited process for crypto. The protocol update, projected for next week, could make your mining consume less power and be more scalable.

Despite the recent surge that has attracted a lot of speculative capital, ethereum’s year is as bad as bitcoin’s. The two drop more than 60% since the beginning of 2022.

BC alerts bring down the stock market

Two statements by Copom members, the Economic Policy Committee of the Central Bank, set the tone this Tuesday on the Brazilian stock exchange and knocked down the Ibovespa. the index fell 2.17%to the 109,763 points, the biggest daily decline since June 17.

• On Monday (5), BC President Roberto Campos Neto stressed that the battle against inflation “is not won” and repeated that the monetary authority cannot “let its guard down”.

• On Tuesday, it was the turn of the autarchy’s monetary policy director, Bruno Serra, to say that the worsening market perception of 2024 inflation should make the BC keep “up its guard” in the coming quarters.

The market reaction: analysts interpreted the warnings in the sense that the Copom will not cut the Selic rate anytime soon, currently at 13.75% and that it may go to 14% at the next meeting.

• This boosted interest futures contracts, which tend to perform in the opposite direction of stocks on the stock exchange. When they go up, they make investing in fixed income more attractive.

• The biggest impact is observed in the papers of companies that depend on cheaper credit to profit more, in the case of retailers and civil construction, for example. MRV (-8.51%) Magalu (-7.41) and Via (-7.67%) had the worst performance on the day.

the dollar rose 1.72%, the BRL 5.24 reflecting the global risk aversion that appreciated the US currency. Services data in the US showed resilience and indicated that the battle against inflation there is still far from over.

More about market financial:

The shares of T4F (Time for Fun), the company responsible for Justin Bieber’s concerts in Brazil, plummeted 5.83% with the news of the cancellation of the singer’s exhibitions. In the second, the rumors that pointed in this direction had already knocked down the papers in 6.05%.