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Orion Energy (OESX) Q2 2027 Earnings Call Transcript

LED lighting growth offset EV charging weakness this quarter.

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Venezuela Quake Victims Blocked From Loans

Owners from 38 housing complexes say faulty QR records are blocking home loans for Venezuela’s quake victims, even when their buildings collapsed.

  • Venezuelans displaced by June earthquakes face obstacles in obtaining state-backed loans.
  • Faulty QR code used for damage verification causes discrepancies in loan applications.
  • At least 118 buildings on central coast affected by incorrect QR records.

Brazil Rate-Cut Plan Draws Currency Warning

A Brazilian economist warns that halving the 13.75% Selic rate could trigger a run on the real and strain reserves of US$367.9 billion.

  • Brazilian economist Paulo Gala warns halving Selic rate could cause currency crisis.
  • Brazil pays R$1 trillion annually in interest on public debt, nearly 10% of economy.
  • Foreign-currency reserves of US$367.9 billion may not prevent rapid real devaluation.

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