UnitedHealth Sees First Annual Revenue Drop in Over 30 Years; JetBlue Slumps; FAT Brands Bankruptcy
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Show Notes
On this episode of Stock Movers:
- UnitedHealth Group (UNH). forecast a decline in 2026 revenue, the first annual contraction in more than three decades, as the insurer falters in its attempt to rebuild confidence with investors after a stunning fall last year. The news was the second blow to shareholders in as many days. Late Monday, the US proposed holding payments to private Medicare plans flat next year, a huge disappointment that caused the stock to tumble as much as 10% in after-hours trading.
- JetBlue (JBLU) shares drop as much as 9.5%, the most intraday in nearly three months, after the airline reported a loss for the fourth quarter that was wider than the average analyst estimate.
- FAT Brands (FAT), the owner of restaurant chains Fatburger, Johnny Rockets and Twin Peaks, filed for bankruptcy, adding to a string of casual-dining brands that have sought court protection from creditors.The Beverly Hills-based company filed for Chapter 11 bankruptcy in Texas on Monday, court documents show. The company has around $1.45 billion of funded debt obligations outstanding, according to a court filing from FAT Brands’ chief restructuring officer dated Jan. 27.
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