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Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Tuesday a 37% increase in its adjusted net profit from a year earlier, slightly missing analysts' estimates. Nubank reported a $606.5 million adjusted net profit for the quarter ended in March, while analysts in an LSEG poll had expected a $630.5 million profit. Chief Financial Officer Guilherme Lago told Reuters that the profit increase was mainly due to greater profitability in its main market Brazil, with a larger personal loan portfolio and greater earnings leverage.

- XLV is sharply underperforming SPY. - Healthcare, long seen as a defensive play relatively insulated from economic swings, is starting to look vulnerable.

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JBS, the world's largest meatpacker, reported a nearly 78% annual increase in net profit driven by its poultry and pork businesses in Brazil and the U.S., and said on Tuesday the global trade war has so far had little impact on its business. Its net profit rose to 2.92 billion reais ($521 million) in the first quarter from 1.64 billion reais a year earlier. In a financial statement, JBS said earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, came in at 8.92 billion reais, above the 8.77 billion reais forecast by analysts.

Aug. 14 is when the 90-day U.S.-China tariff pause ends, and Wall Street's watching to see if the temporary freeze impacts future earnings.

The S&P 500 climbed 0.7% on Tuesday, May 13, 2025, bringing the index into positive territory for the year as investors reacted to positive data on inflation and tech stocks surged.

Stocks, oil and bond yields rose on Tuesday, lifted by the optimism surging through markets that the worst of the global trade crisis is past and that the growth outlook is much brighter than it looked only a few days ago. In my column today I look at the market and economic chaos sparked by U.S. President Donald Trump's 'Liberation Day' tariff announcement and ask: was it worth it? Trading Day is also sent by email every weekday morning.

Even reduced tariffs will cost American families an average of $2,800 a year, the Yale Budget Lab estimated.

Investor confidence surged this week as two major uncertainties subsided. As a result, stocks in various sectors soared.

The bitcoin treasury company made the purchase via Tether at an average price of $95,320 per BTC.