Mastercard appointed Ling Hai as chief financial officer effective August 3, 2026, with a compensation package that includes an $850,000 base salary, a target cash incentive of $1,275,000 and $1,500,000 in restricted stock units. Vice Chair Tim Murphy is set to retire in October 2026. The company also completed its acquisition of UK stablecoin infrastructure firm BVNK on August 3, 2026, for a $1.5 billion base consideration plus up to $300 million in contingent payments.

The US July S&P Global flash composite PMI rose to 53.6, an eight-month high, beating the 52.2 estimate and signaling firmer private-sector momentum. At the same time, US manufacturers reported a near four-year worst in supplier delivery delays, extending a deterioration streak to 11 consecutive months. The combination points to stronger activity alongside intensifying supply-chain strains tied to disruptions around the Strait of Hormuz.