This week is not going well for me and my fellow Nu Holdings (NYSE: NU) investors. Shares of NuBank's parent company hit a fresh 52-week intraday low on Tuesday. The stock has fallen 9% over the first two days of the trading week, a contrast to the back-to-back days of slight market upticks. Nu and several Latin American fintech stocks have fallen out of favor lately. Nu Holdings shares have plumm...
This week is not going well for me and my fellow Nu Holdings (NYSE: NU) investors. Shares of NuBank's parent company hit a fresh 52-week intraday low on Tuesday. The stock has fallen 9% over the first two days of the trading week, a contrast to the back-to-back days of slight market upticks. Nu and several Latin American fintech stocks have fallen out of favor lately. Nu Holdings shares have plummeted nearly 30% so far in 2026. You can blame economic instability and intensifying competition as factors for the cooling, but this week the catalyst for the markdown is pretty clear. Nu has a new CFO, and that was enough to have two major analysts downgrade the Brazilian fintech leader. Image source: Getty Images. Continue reading
jbk_photography/iStock Editorial via Getty Images Stripe ( STRIP ), Visa ( V ) ( VISA:CA ), and Mastercard ( MA ) ( MA:CA ) are working on a new stablecoin platform, three people familiar with the plans told CoinDesk. Coinbase Global ( COIN ) ( COIN:CA ) is also looking into the possibility of participation, one of the people reportedly said. Large card networks and payment players are increasingl...
jbk_photography/iStock Editorial via Getty Images Stripe ( STRIP ), Visa ( V ) ( VISA:CA ), and Mastercard ( MA ) ( MA:CA ) are working on a new stablecoin platform, three people familiar with the plans told CoinDesk. Coinbase Global ( COIN ) ( COIN:CA ) is also looking into the possibility of participation, one of the people reportedly said. Large card networks and payment players are increasingly tapping the stablecoin market, the report published on Wednesday, June 3, noted. The infrastructure payments firm Stripe acquired the startup stablecoin platform Bridge for $1.1B in 2024, validating the usage and growth of stablecoins as a legit use case for public blockchains. Mastercard agreed to acquire the stablecoin infrastructure provider BVNK for up to $1.8B in March this year. The company said it plans to expand its settlement capabilities, with additional intraday, weekend, and holiday settlement, supporting fiat currencies and on-chain card settlement using regulated stablecoins. In April, Visa said it was adding five more blockchains to its global stablecoin settlement pilot, expanding its multi-chain settlement capabilities to nine blockchains. Payment processors are increasingly facing the risk of alternative transaction methods, such as stablecoins and direct bank-to-bank transfers, which impact traditional card network fees. Most of the payment processing stocks are trading lower: Global Payments ( GPN ) (-12.44% to $64.82), Repay ( RPAY ) (-8.91% to $3.58), Sezzle ( SEZL ) (-7.61% to $109.42), Payoneer ( PAYO ) (-7.85% to $4.93), Paysign ( PAYS ) (-7.16% to $6.87), Affirm ( AFRM ) (-6.86% to $66.14), StoneCo ( STNE ) (-6.76% to $10.48), Shift4 Payments ( FOUR ) (-7.16% to $40.19), Marqeta ( MQ ) (-6.95% to $3.82), Block ( XYZ ) (-5.60% to $70.00), Fiserv ( FISV ) (-5.74% to $53.22), Corpay ( CPAY ) (-5.33% to $340.64). More on related tickers Visa: Why Trailing The Equity Market Seems The Most Likely Scenario Ahead Visa: One Of The Best Businesses In The W...
winhorse/iStock Unreleased via Getty Images Summary I gave a buy rating to Meituan ( MPNGF ) in March as I was still bullish on the underlying business trends despite the weaker Q4 headline numbers. I remain bullish after looking at the Q1 2026 results. The quarter was not perfect, especially with y/y profits still under pressure, but the sequential improvement is good. CLC losses narrowed sharply...
winhorse/iStock Unreleased via Getty Images Summary I gave a buy rating to Meituan ( MPNGF ) in March as I was still bullish on the underlying business trends despite the weaker Q4 headline numbers. I remain bullish after looking at the Q1 2026 results. The quarter was not perfect, especially with y/y profits still under pressure, but the sequential improvement is good. CLC losses narrowed sharply, adj. EBITDA losses improved, and food delivery economics moved in the right direction. This matters because the main bear case was that Q4’s subsidy pressure could become the new normal. Q1 suggests otherwise. In my view, the stock still has upside as investors start to value MPNGF on recovery earnings. Earnings results update A few days ago , MPNGF released its Q1 2026 results, and it was a good one. Revenue came in at RMB91 billion (6% y/y), and Core Local Commerce [CLC] revenue was almost flat y/y at RMB64.1 billion. A flat y/y performance is good enough for me because, remember, this segment is still coming through a period of heavy competition and incentives in on-demand delivery. What matters more this quarter is that the revenue base did not collapse. New Initiatives is still the main growth segment. Revenue grew 21% y/y here to RMB27 billion, with growth mainly driven by Xiaoxiang Supermarket and Keeta overseas. Profit y/y performance wasn’t great. Gross profit fell 19% y/y, driving the business to an operating loss of RMB6.5 billion vs. an operating profit of RMB10.6 billion last year. Net loss came in at RMB6.8 billion vs. a net profit of RMB10.1 billion last year. That said, I urge readers to focus on the sequential improvement here. Adj. EBITDA loss narrowed from RMB14 billion in Q4 2025 to RMB3 billion in Q1 2026. CLC's operating loss also narrowed from RMB10 billion to RMB2 billion. New Initiatives' operating loss also narrowed from RMB4.7 billion to RMB2.1 billion. This is why I read this quarter positively, as MPNGF managed to move in the right direction a...
A seemingly endless appetite for buying US stock dips has propelled Vanguard Group ’s S&P 500-tracking ETF past $1 trillion in assets, making it the first fund of its kind to reach a milestone once thought unimaginable for the ETF industry. A $1.7 billion inflow in the latest session for which figures are available brought assets in the Vanguard S&P 500 ETF (ticker VOO ) above $1 trillion, data co...
A seemingly endless appetite for buying US stock dips has propelled Vanguard Group ’s S&P 500-tracking ETF past $1 trillion in assets, making it the first fund of its kind to reach a milestone once thought unimaginable for the ETF industry. A $1.7 billion inflow in the latest session for which figures are available brought assets in the Vanguard S&P 500 ETF (ticker VOO ) above $1 trillion, data compiled by Bloomberg show. As such, VOO — already the largest ETF in the world — now ranks as the first and only ETF to cross $1 trillion, a threshold reached by just a handful of open-ended funds worldwide. Its ascent has been fueled by a remarkably durable buy-the-dip mentality that has kept cash flowing into US equities through wars, tariff scares and growth concerns alike. It’s a watershed moment not just for Vanguard, but for the ETF industry as a whole, which birthed its first funds in relative obscurity in the early 1990s. Over the past three decades, the low fees and tax-efficiency of ETFs have made the structure a hit with big and small investors alike, while the wrapper’s liquidity and derivatives ecosystem have knit ETFs into the central nervous system of Wall Street. “This milestone is just the latest sign that ETFs are all grown up,” said Ben Johnson , head of client solutions at Morningstar Inc. “What was once a fringe category has become the default investment wrapper for millions of investors around the world.” While US equities shuddered at the outbreak of the Iran war, a seemingly relentless climb higher in the S&P 500 has funneled a wall of buy-and-hold money into the likes of VOO. The ETF has absorbed more than $69 billion so far in 2026 — the most of any other ETF — as the benchmark has soared 11% year to date on the heels of multiple all-time highs. VOO’s 2026 cash haul follows two straight years of more than $100 billion annual inflows, data compiled by Bloomberg show. Since its 2010 inception, VOO has managed to take in money every year, helping it to...
Nvidia CEO Jensen Huang recently said Marvell Technology could become the next trillion-dollar stock. Well, it looks like Advanced Micro Devices ’ investors would like a word on that. AMD shares advanced 3.1% to $537.57 on Wednesday, trading as high as $544.04 intraday and on pace for a record closing high, as investors shook off their Nvidia announcement hangover and broadly pushed red-hot chip s...
Nvidia CEO Jensen Huang recently said Marvell Technology could become the next trillion-dollar stock. Well, it looks like Advanced Micro Devices ’ investors would like a word on that. AMD shares advanced 3.1% to $537.57 on Wednesday, trading as high as $544.04 intraday and on pace for a record closing high, as investors shook off their Nvidia announcement hangover and broadly pushed red-hot chip stocks higher.
Elon Musk’s Tesla Inc. saw French car registrations surge 655% in May to 5,446 vehicles, the latest sign of European recovery for an EV maker that lost nearly half its market share there last year. The headline number comes with...
Elon Musk’s Tesla Inc. saw French car registrations surge 655% in May to 5,446 vehicles, the latest sign of European recovery for an EV maker that lost nearly half its market share there last year. The headline number comes with...
Daniel Megias/iStock via Getty Images Introduction Less than 2 weeks from now, the most anticipated IPO of this year, Space Exploration Technologies Corp., or simply put, SpaceX ( SPCX ), is going to happen, and while I’m not a fan of this specific IPO , it can create some powerful catalysts for its space sector peers. The reason is pretty straightforward: there are already established space compa...
Daniel Megias/iStock via Getty Images Introduction Less than 2 weeks from now, the most anticipated IPO of this year, Space Exploration Technologies Corp., or simply put, SpaceX ( SPCX ), is going to happen, and while I’m not a fan of this specific IPO , it can create some powerful catalysts for its space sector peers. The reason is pretty straightforward: there are already established space companies trading on the stock market that are growing fast and have large government contracts, and they are often trading way cheaper than the IPO is priced. This event is thought to attract large investor interest, and it's only natural that the whole sector will be reviewed, creating an opportunity for every company there. In this article, I decided to discuss two of the most interesting stocks in the public space sector: Intuitive Machines, Inc. ( LUNR ) and Rocket Lab Corporation ( RKLB ), and to compare them. I have traded LUNR a few times myself and know quite a bit about this company since I have followed it for a good couple of years. Rocket Lab is the stock that was recommended to me more than once by my followers on Seeking Alpha, and it’s often called the best space player out there. Both companies just reported record-breaking earnings numbers and have billions of dollars in future work in their backlog, and both are cheaper than SpaceX is going to be. Let’s start with Rocket Lab, since this is my first time looking at this company. Rocket Lab Rocket Lab is a unique space company because it takes care of all of the details of the journey into orbit. They launch rockets, of course, but besides just that, they build the satellites that go on them. For small satellite launches, they use their Electron rocket , which leads the global market, and many intelligence and telecom companies are using it, not only commercially but also for governments. For military testing, they use a specialized rocket called HASTE . Right now, they are also working hard on a much larger roc...
PlayStation used its most recent State of Play showcase to make it clear where its focus is. After a series of costly live-service stumbles, it's getting back to focusing on premium, narrative-driven, single-player games. That statement was made clear with how it started and ended the hourlong show. The showcase began with an extended look at gameplay from Marvel's Wolverine , the new superhero ti...
PlayStation used its most recent State of Play showcase to make it clear where its focus is. After a series of costly live-service stumbles, it's getting back to focusing on premium, narrative-driven, single-player games. That statement was made clear with how it started and ended the hourlong show. The showcase began with an extended look at gameplay from Marvel's Wolverine , the new superhero title from Insomniac Games. Over seven minutes of bloody action, Logan sliced and diced his way through a bunch of baddies as he tried to rescue some captured mutants, briefly teaming up with Jean Grey for some help taking them down. Insomniac is well … Read the full story at The Verge.
PC, PlayStation 5, Nintendo Switch, Nintendo Switch 2, Xbox; Yacht Club Games This brilliant adventure creates a whole world from one character with a unique ability You could mistake Mina the Hollower for something found on the liquid-crystal display of a Game Boy Color around the turn of the millennium. Like the pocketable Zelda and Pokémon games of the time, it presents a kind of snow-globe rea...
PC, PlayStation 5, Nintendo Switch, Nintendo Switch 2, Xbox; Yacht Club Games This brilliant adventure creates a whole world from one character with a unique ability You could mistake Mina the Hollower for something found on the liquid-crystal display of a Game Boy Color around the turn of the millennium. Like the pocketable Zelda and Pokémon games of the time, it presents a kind of snow-globe reality that you peer into from above, relying on imagination to decipher each two-colour clump of pixels into a tree, or a skeleton, or a cloaked mouse wielding a hammer twice her size. This is Mina, our hero: she jumps, she moves at a clip, and she can delve downward into the soil or floorboards, tunnelling underfoot for a moment or two before popping back up, like an inflatable forcibly submerged in a swimming pool. This is her signature move, perfectly elastic in sensation – the way the released button springs back against your thumb! – and in application. The burrow-jump is an excavation tool, unearthing any treasure you happen to dig through, and a navigational one, used to hop over gaps, reach high-up spots and nose into tiny hidden spaces, where more treasure almost invariably awaits. Continue reading...
alexsl Rezolute ( RZLT ) traded higher for the third straight session on Wednesday after Citizens JMP Securities upgraded the stock, highlighting a recent late-stage trial update the company shared for its lead asset, ersodetug. Shares of the rare-disease drug developer rose nearly 11% on Tuesday after the company posted interim data from its upLIFT Phase 3 study for ersodetug in tumor hyperinsuli...
alexsl Rezolute ( RZLT ) traded higher for the third straight session on Wednesday after Citizens JMP Securities upgraded the stock, highlighting a recent late-stage trial update the company shared for its lead asset, ersodetug. Shares of the rare-disease drug developer rose nearly 11% on Tuesday after the company posted interim data from its upLIFT Phase 3 study for ersodetug in tumor hyperinsulinism, a rare disease characterized by low blood sugar levels. In response, Citizens analyst Jason Butler upgraded Rezolute ( RZLT ) to Market Outperform from Market Perform, arguing that the approval pathway for ersodetug in tHI could be distinct from that for congenital hyperinsulinism, where the drug faced a late-stage trial setback last year. The results “provide us with confidence that the potential for FDA approval for this high unmet indication is independent of the ongoing discussions for the congenital HI indication,” Butler wrote with an $11 target on the stock. More on Rezolute Rezolute: Caught Between Biology And Statistics, Initiating With Hold Rating Rezolute: Sell Rating Despite FDA Feedback From Type B Meeting For Ersodetug Rezolute rises after late-stage trial update Rezolute gains after positive FDA meeting over lead asset Seeking Alpha’s Quant Rating on Rezolute