News

Humana’s stock surged 48% in a month due to favorable Medicare Advantage rate decisions, outpacing rivals like UnitedHealth and Cigna. Q1 financials and Bernstein’s upgraded target fueled the rally.

Standard Chartered has agreed to acquire Zodia Custody, integrating its regulated custody into the bank’s securities services. The deal includes spinning off infrastructure into a new entity, Zodia Solutions.

Visa and Mastercard both beat Q1 2026 net revenue expectations, but Visa focuses on infrastructure scaling while Mastercard prioritizes agentic commerce and stablecoins.

PepsiCo’s Q1 2026 revenue grew 8.5% year-over-year to $19.443 billion, exceeding analyst forecasts. The company’s international expansion and margin expansion drove the strong performance despite a recent stock dip.

The US dollar index dropped 0.25% on Monday after reports emerged that the US proposed a temporary waiver of sanctions on Iranian oil, reversing earlier gains.

1607 Capital Partners sold 1.27 million shares of Nuveen Municipal Value Fund, reducing its stake by $11.63 million. The move reflects market shifts and tax considerations.

A major Carl’s Jr franchisee filed for Chapter 11 bankruptcy, citing California’s $20 fast-food minimum wage. The operator of 59 restaurants loses over $600,000 monthly.

Birkenstock shares fell sharply after reporting a 22% drop in net income for Q2 fiscal 2026, hit by US tariffs and Middle East tensions. Revenue grew 8% to €618 million, but margins narrowed.

Bitcoin has fallen over 12% this year, trading below $77,000. The decline follows a record high of $126,000 in 2025. Regulatory and macroeconomic factors continue to influence the market.

TD Cowen reaffirms Buy rating on Amazon with $350 target after launch of 30-minute grocery delivery in multiple US cities. The service targets Prime members at $3.99 per order.