Key Points Nu ended the first quarter with 135 million active customers, up 13% year over year. The company’s unit economics are stellar, supporting a 16% net profit margin. It's important for investors to keep tabs on user growth and monetization trends. 10 stocks we like better than Nu Holdings › Investors might think that the world of financial services is generally a boring area to park capita...
Key Points Nu ended the first quarter with 135 million active customers, up 13% year over year. The company’s unit economics are stellar, supporting a 16% net profit margin. It's important for investors to keep tabs on user growth and monetization trends. 10 stocks we like better than Nu Holdings › Investors might think that the world of financial services is generally a boring area to park capital for growth. But Nu Holdings (NYSE: NU) proves that this perspective is wrong. The Latin American fintech stock, which has climbed 93% in the past three years (as of May 27), has expanded rapidly. As of March 31, the online bank counted 135 million customers, up 71% from exactly three years ago. This figure is more than what most U.S. banks currently have. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » What matters most, though, is not necessarily the total customer count. Investors should care what Nu earns from each one. A look at the unit economics Absolute growth metrics get a lot of attention. Monetization is crucial as well. During the first quarter of 2026, Nu reported average revenue per active customer (ARPAC) of $15.90. This number has steadily risen, and it's up 23% year over year on a currency-neutral basis. On the other side of the equation, it cost Nu just $1 to serve each of these customers in the first quarter. That's a wide gap when compared to its ARPAC. And it certainly helps to explain why the company was able to post a 16.4% net profit margin in the latest quarter. This was also supported by credit quality that remains within historical levels. Nu's biggest market, without a doubt, is Brazil, where 83% of its customers are active on a monthly basis. The fintech is still in the early innings in Mexico, but success is notable. On the first-quarterearnings call CEO David Velez said: "I...
Danish pension fund AkademikerPension has decided to add SpaceX to an exclusion list, citing concerns about the company’s governance. The decision, shared in an email with Bloomberg on Friday, comes as SpaceX targets a valuation of at least $1.8 trillion in its initial public offering. The company is seeking to raise as much as $75 billion, people familiar with the matter have said, which would ma...
Danish pension fund AkademikerPension has decided to add SpaceX to an exclusion list, citing concerns about the company’s governance. The decision, shared in an email with Bloomberg on Friday, comes as SpaceX targets a valuation of at least $1.8 trillion in its initial public offering. The company is seeking to raise as much as $75 billion, people familiar with the matter have said, which would make it the biggest IPO of all time. AkademikerPension, which oversees about $25 billion and has previously excluded Tesla Inc. and US Treasuries out of sustainability concerns, said its “primary reason” for avoiding SpaceX is ESG-related, “particularly the company’s exceptionally poor performance on governance matters.” “That said, we would not be able to justify this decision from an investment-return perspective if our assessment were that SpaceX represented an attractive investment opportunity,” the pension fund said. “However, as long-term investors, our view is that the company is also grossly overvalued.” SpaceX Said to Cut IPO Valuation Goal to at Least $1.8 Trillion How SpaceX’s Dream of a Record-Breaking IPO Stacks Up
Hong Kong’s health minister has said the government will not lose out if the medical centre of the Chinese University of Hong Kong (CUHK) repays its public loan early, rejecting calls for a penalty. Secretary for Health Lo Chung-mau’s comments came at a Legislative Council health services panel meeting on Friday, when CUHK Medical Centre CEO Chung Kin-lai also revealed that the hospital’s financia...
Hong Kong’s health minister has said the government will not lose out if the medical centre of the Chinese University of Hong Kong (CUHK) repays its public loan early, rejecting calls for a penalty. Secretary for Health Lo Chung-mau’s comments came at a Legislative Council health services panel meeting on Friday, when CUHK Medical Centre CEO Chung Kin-lai also revealed that the hospital’s financial situation had improved. Lo was responding to criticism from lawmaker Kitson Yang Wing-kit, who argued that the hospital was taking advantage of the government and the legislature after previously seeking repayment extensions during difficult times. Advertisement “During the most difficult times, you came to the Legislative Council to request an extension, and we approved it,” Yang said. “Now that you are making a profit, you say the government’s interest is too high and you look elsewhere for cheaper interest by 1 or 1.5 percentage points. You are taking advantage of the government and Legislative Council, aren’t you?” Lawmaker Kitson Yang accuses CUHK Medical Centre of taking advantage of the government and Legislative Council. Photo: Karma Lo The medical centre was granted a HK$4.033 billion (US$514.76 million) government loan in 2015, and repayment was deferred from 2023 to 2028 after the institution struggled during the Covid pandemic, according to Legco documents.
CBRE Equity Research analyst John DeCree does not expect a bidding war to break out for Caesars Entertainment ( CZR ) despite the 45-day go-shop period just beginning. DeCree said it is unlikely a superior bid emerges due to the sheer size of the transaction (over $30B including lease liabilities), current and pro forma leverage, and the onerous gaming regulatory process. He noted those factors li...
CBRE Equity Research analyst John DeCree does not expect a bidding war to break out for Caesars Entertainment ( CZR ) despite the 45-day go-shop period just beginning. DeCree said it is unlikely a superior bid emerges due to the sheer size of the transaction (over $30B including lease liabilities), current and pro forma leverage, and the onerous gaming regulatory process. He noted those factors limit the potential buyer pool. "Fertitta is uniquely positioned for this transaction with deep experience in gaming, existing regulatory licenses in major jurisdictions, a potentially unique synergy opportunity with its hospitality business, and a risk tolerance for higher leverage," highlighted DeCree. Fertitta was noted to have various opportunities for value creation through synergies and portfolio optimization with the existing Fertitta Entertainment hospitality business, both casino and restaurant. Due to the expectation that the M&A drama is over, CBRE lowered its rating on Caesars Entertainment ( CZR ) to Hold and adjusted its price target to the deal price of $31. Shares of CZR closed on Thursday at $29.08, or a 6.2% discount to the acquisition price. More on Caesars Entertainment Caesars Entertainment: Fertitta's Buyout Is Fair But Unrewarding Caesars Entertainment: Potential Sale On The Way? Caesars Entertainment, Inc. (CZR) Q1 2026 Earnings Call Transcript Caesars agrees to buyout as analysts eye scope for higher bid, more M&A Casino M&A: Caesars Entertainment agrees to buyout offer from Fertitta Entertainment
Add Decrypt as your preferred source to see more of our stories on Google. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors rebound ...
Add Decrypt as your preferred source to see more of our stories on Google. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors rebound slightly, up 1-2%; BTC at $73.3k HYPE rebounds 10% after ICE CEO calls it “Bigger than Nasdaq” JPMorgan says the debasement trade is unwinding, driving BTC & gold lower Standard Chartered compares ETH to Amazon in 2021, lays out $40k target Anthropic raises $65B at $965B valuation, releases Claude Opus 4.8 same day 💡The Man Who Built the NYSE Calls Hyperliquid “Bigger Than Nasdaq” Jeff Sprecher, founder of Intercontinental Exchange and the architect of the modern NYSE, sat down at Bernstein’s 42nd Annual Strategic Decisions Conference this week and said something the traditional finance world will struggle to ignore: Hyperliquid is bigger than Nasdaq by volume, was built by 11 people, and can’t be dismissed. “You look at it, you’re like, wow, that’s pretty something.” On the team: “The people that have built that exchange are extremely smart... I salute these guys for doing it.” On whether incumbents can look away: “I don’t think you can ignore it.” Hyperliquid has pulled early-adopter market participants, traders who would ordinarily be in ICE and Nasdaq’s traditional markets, onto a blockchain venue. The weekend oil dynamic illustrated the stakes best. Sprecher noted that Hyperliquid has been trading crude oil perpetuals on weekends when ICE’s markets are dark, and it just so happens that the most significant price-moving events in the Iran conflict have occurred on weekends. On institutional clients: “While most of our institutional clients are not trading on blockchain... they’re all watching it, and they’re watching the price discovery. Whether they admit it or not, it...
"I think that a public inquiry is needed because we need action across multiple government departments and unfortunately, we are not seeing that coordination and that understanding of how to address the problem today," he said.
"I think that a public inquiry is needed because we need action across multiple government departments and unfortunately, we are not seeing that coordination and that understanding of how to address the problem today," he said.
The contest for AI supremacy is shifting away from foundation models and toward the data infrastructure sitting beneath them, with enterprises that have spent decades accumulating proprietary data now positioned to extract the greatest value from the technology, according to Wedbush...
The contest for AI supremacy is shifting away from foundation models and toward the data infrastructure sitting beneath them, with enterprises that have spent decades accumulating proprietary data now positioned to extract the greatest value from the technology, according to Wedbush...
(RTTNews) - Slightly higher U.S. futures amid optimism about a U.S.-Iran ceasefire extension point to a positive start on Wall Street on Friday. The Dow futures are up 0.25%, the S&P futures are up 0.1% and the Nasdaq futures are up marginally. Oil prices fell to a one-month low amid hopes of smoother oil flows through the Strait of Hormuz. According to media reports, the U.S. and Iran have reache...
(RTTNews) - Slightly higher U.S. futures amid optimism about a U.S.-Iran ceasefire extension point to a positive start on Wall Street on Friday. The Dow futures are up 0.25%, the S&P futures are up 0.1% and the Nasdaq futures are up marginally. Oil prices fell to a one-month low amid hopes of smoother oil flows through the Strait of Hormuz. According to media reports, the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz and begin negotiations over Tehran's nuclear program. U.S. President Donald Trump's approval is awaited. If the deal comes through, Iran would not be able to impose tolls on ships transiting the Strait of Hormuz, while the U.S. would gradually lift its sea blockade on Iranian ports. U.S. stocks recovered from early weakness on Thursday and the major averages ended at new record closing highs. The Dow edged up 0.05%, the S&P 500 climbed 0.58% and the Nasdaq closed 0.91% up. In overseas trading Asian stocks rose broadly on Friday, with optimism around the resonant AI trade, strong earnings from Dell Technologies, and reports of a proposed 60-day ceasefire extension between the U.S. and Iran. The major European markets are up in positive territory amid hopes for a U.S.-Iran peace deal following the two nations agreeing in principle to extend their ceasefire by sixty days. In commodities trading, West Texas Intermediate crude oil futures are down $1.25 or 1.4% at $87.65 a barrel. Gold futures are up $25.00 or 0.55% at $4,557.40 an ounce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The energy market has changed quickly in 2026. Earlier in the year, investors were focused on whether crude prices could cool as diplomatic efforts around Iran gained traction. But by midyear, the picture has become far more complicated. Oil prices have remained elevated, with Brent trading above $90 per barrel and at times moving back toward or above the $100 mark as supply risks flare up. The ma...
The energy market has changed quickly in 2026. Earlier in the year, investors were focused on whether crude prices could cool as diplomatic efforts around Iran gained traction. But by midyear, the picture has become far more complicated. Oil prices have remained elevated, with Brent trading above $90 per barrel and at times moving back toward or above the $100 mark as supply risks flare up. The market is now balancing tight inventories, Middle East supply risks, uncertain U.S.-Iran negotiations, China’s changing import behavior and the industry’s cautious approach to new investment. That combination has created a volatile but potentially attractive setup for select energy growth stocks. Crude prices have moved sharply on headlines tied to the Strait of Hormuz, while U.S. crude, gasoline and distillate inventories have continued to decline. Even when oil prices pull back on hopes of a peace deal, they remain far from weak, with benchmarks still hovering in a range that can support healthy cash flows across much of the energy industry. Investors should know that tight supply conditions can support energy earnings even when sentiment swings from week to week. Against this backdrop, Marathon Petroleum Corporation MPC, Nabors Industries NBR and Suncor Energy SU stand out as three energy growth stocks to keep on the radar for the remainder of 2026. Energy Is No Longer a Simple Oversupply Story The energy sector spent much of the past year dealing with concerns about oversupply, weaker sentiment and uneven commodity prices. But the current setup looks different. The market is now being shaped by supply security, low inventories and the risk that global oil flows may take longer to normalize than investors expect. Recent inventory data shows that U.S. crude stockpiles have fallen below seasonal norms. Gasoline inventories have also declined, while distillate supplies remain well below their five-year average. This suggests that demand for refined products remains firm at a ...
The European Union is looking to "intensify" discussions with the U.S. administration on the most advanced AI models, including those with "cyber capabilities," a Commission official told CNBC. Anthropic's powerful Mythos model, announced in April, sent governments and businesses into a frenzy, prompting a wave of concerns about AI-powered cyberattacks. That same month, the Wall Street Journal rep...
The European Union is looking to "intensify" discussions with the U.S. administration on the most advanced AI models, including those with "cyber capabilities," a Commission official told CNBC. Anthropic's powerful Mythos model, announced in April, sent governments and businesses into a frenzy, prompting a wave of concerns about AI-powered cyberattacks. That same month, the Wall Street Journal reported that the White House opposed Anthropic's plan to expand access to its powerful Mythos model. The White House says it's working closely with AI labs to strike a balance between innovation and safety, as the U.S. seeks to preserve its lead over China in the global AI race. Anthropic initially rolled out the model to a select group of companies and organisations in preview as part of an initiative called Project Glasswing. But the AI lab has yet to grant the EU, its AI office or any government organizations outside of the U.S., aside from the U.K.'s AI Security Institute, preview access to review it. The WSJ reported that Anthropic had proposed letting roughly 70 additional companies and organizations use Mythos, with administration officials opposing the move because of security concerns. "Cybersecurity is a shared priority and we have agreed to mutually recognise our respective standards in this area," Thomas Regnier, Commission spokesperson, told CNBC, referring to talks between the Commission and the U.S. administration. "In parallel we are now expanding technical discussions with Anthropic and other model developers which have notified their latest models to the AI office." watch now VIDEO 1:22 01:22 Era of AI-enabled cyberattack orchestration arrives Power Lunch During discussions about preview access to Mythos, Anthropic told the Commission that the bloc first has to ask the U.S. administration for permission, a person familiar with the discussions between the EU and Anthropic told CNBC. The person requested anonymity because they're not permitted to speak publicl...