Coinbase teams up with Standard Chartered to broaden global fiat rails, adding new currencies and GSIB-backed EUR/GBP settlement for institutions.
As the market finds itself in the thick of Q2 earnings season, there is—per usual—a considerable amount of noise. Companies that have handily beaten consensus expectations have been punished, while others have seen their shares surge despite dramatically missing analyst forecasts.
Abacus Global Management (NYSE:ABX) has entered into a strategic alliance agreement with diversified wealth and asset management firm Manning & Napier, alongside closing a minority equity investment in the company, the firms announced. Abacus joins Callodine Group and East Asset Management as institutional investors in Manning & Napier under the deal.
T. Rowe Price is making the case for international equities. The Magnificent Seven now account for 32% of the S&P 500's market value, more than double their 14% share in 2019, according to a new report from the firm.
In Q1 2026, despite a challenging environment marked by rising US Treasury yields and widening credit spreads, the Global X Investment Grade Corporate Bond ETF outperformed Bloomberg U.S. Corporate Index based on both NAV and market price. The Bloomberg U.S. Corporate Index recorded a return of -0.54% in the first quarter. In a rising Treasury yield environment during the first quarter, the fund's duration overweight detracted 6bps from performance through yield curve positioning.
Treasurys rose in price terms in Asia on Tuesday morning following a U.S. holiday on Monday.
While U.S. markets are closed for Memorial Day, stocks in Europe and Asia soared on Monday amid optimism about a potential end to the Iran war and reopening of the Strait of Hormuz. Japan's benchmark Nikkei 225 index soared 2.87%, while South Korea's KOSPI rose 0.41%, Hong Kong's Hang Seng climbed 0.86% and India's BSE Sensex bounced up 1.2%.
Global Ship Lease remains a high-conviction long, supported by robust Q1 results and increased management confidence. Contracted revenue backlog of $2.1 billion and 86% 2027 charter coverage provides exceptional sales visibility and insulation from spot-rate volatility. Fleet utilization improved, and the company pays a 6.5% dividend.
Global Ship Lease NYSE: GSL executives said the container ship lessor entered 2026 with full charter coverage for the year, a strengthened balance sheet and more than $2 billion in contracted revenue, while warning that escalating geopolitical disruptions are reshaping global trade routes and vessel demand.
Coinbase Global NASDAQ: COIN executives said the company is preparing for a broader expansion of crypto trading, stablecoin payments, derivatives, tokenized assets and AI-driven commerce, with pending U.S. market structure legislation viewed as a potential catalyst.
Lionsgate Studios Motion Picture Chair Adam Fogelson said the company is “really excited about the progress we're making” on a second Michael film.
Gold prices remain contained near $4,500 an ounce but could attract some bullish attention as momentum in the U.S. manufacturing and services sectors remains subdued.