Thousands of ready-to-eat pizza and bread products were recalled over the potential presence of metal fragments, according to the Food and Drug Administration.

North Carolina-based Bakkavor voluntarily initiated the recall on Jan. 19, according to the FDA.

Last week, the health agency classified the alert as a Class II recall, which means “use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.”

NEARLY 10M POUNDS OF FROZEN FRIED RICE SOLD AT TRADER JOE’S ADDED TO RECALL: USDA

About 23,459 cases of roasted tomato and Parmesan focaccia bread were recalled, sold under brand names such as Frederik’s by Meijer, Harris Teeter, Trader Joe’s and Fresh & Simple. 

Additionally, 2,337 cases of HelloFresh Basil Pesto and Mozzarella Pizza, made up of 15 packages per case, were also recalled.

The recall affects four pizza lot numbers and more than a dozen focaccia bread lot numbers, with use-by dates ranging from April 27 through Oct. 15.

The affected items were distributed in 10 states — Arizona, California, Connecticut, Florida, Illinois, Michigan, North Carolina, New Jersey, Texas and Virginia.

The food products were also shipped directly to customers through HelloFresh.

90,000 BOTTLES OF CHILDREN’S IBUPROFEN RECALLED NATIONWIDE, FDA SAYS

 CLICK HERE TO GET FOX BUSINESS ON THE GO

Customers are urged to dispose of the product or return them to the place of purchase for a refund.

No injuries have been reported in connection with the recall thus far.

Costco is set to debut its first stand-alone gas station this summer in Mission Viejo, California, marking a major expansion of its fuel operations, with a second location in Hawaii slated to open next year.

The California location, located roughly 50 miles from Los Angeles, is expected to open in late June, according to local outlet KABC, citing city officials. It will become the chain’s largest gas station, featuring 40 pumps.

A second location is in the works for Honolulu, Hawaii, in the Kapālama Kai community, according to C-store Dive, citing a spokesperson from private education system Kamehameha Schools, which owns the project.

The move marks a major step for the discount retail giant, whose gas stations at existing warehouse locations have long been plagued by lengthy wait times, heavy traffic and crowded parking lots.

COSTCO SAYS YOUR NEXT CHECKOUT COULD TAKE UNDER 10 SECONDS THANKS TO NEW AUTOMATED PAY STATIONS

Costco’s Mission Viejo site at 25732 El Paseo will sit on the former location of a Bed Bath & Beyond, which city officials approved for demolition last year to make way for the project. It will neighbor a Krispy Kreme location, a Dairy Queen Chill & Grill and a Jack in the Box.

The project will feature 20 fueling dispensers, equivalent to 40 pumping stations, according to 2025 city planning documents.

Spanning 17,234 square feet, the “fueling canopy” will also house an accessory office and breakroom building for employees, the documents stated.

The new gas station will be open daily from 5 a.m. to 10 p.m. exclusively for Costco members, C-store Dive reported.

COSTCO ENTERS FERTILITY CARE WITH MASSIVE DISCOUNTS FOR MEMBERS THROUGH NEW HEALTHCARE PARTNERSHIPS

According to GasBuddy, gas prices in the Mission Viejo area currently range from $5.69 to $6.35 per gallon.

The two closest existing Costco gas stations — at the Laguna Niguel and Laguna Marketplace warehouses, roughly 2.5 to 3 miles from the planned Mission Viejo site — both list gas at $5.69 per gallon, according to the Costco app.

For the Hawaii location, demolition and preparation of the property began in October 2025 and are ongoing, according to the project’s website. 

Ticker	Security	Last	Change	Change %
COST	COSTCO WHOLESALE CORP.	983.86	+4.21	+0.43%

CLICK HERE TO READ MORE ON FOX BUSINESS

Gas prices in Honolulu range from $5.14 to $5.59 per gallon, according to GasBuddy. The closest Costco in Iwilei, about 2.2 miles from the planned Kapālama Kai site, lists gas at $4.14 per gallon, according to the Costco app.

Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.

Brent crude futures jumped $3.09, or 2.74%, to $115.66 a barrel by 2353 GMT after settling 4.2% higher on Friday.

U.S. West Texas Intermediate was ‌at $102.56 a barrel, ⁠up $2.92, ⁠or 2.93%, following a 5.5% gain in the previous session.

Brent has soared 59% this month, the steepest monthly jump, exceeding gains seen during the 1990 Gulf War, after the Iran conflict effectively closed the Strait of Hormuz, a conduit for a fifth of the world’s oil and gas supplies.

The war, launched on February 28 with U.S. and Israeli strikes on Iran, has spread across the Middle East, with ⁠Yemen’s Iran-aligned Houthis ‌on Saturday launching their first attacks on Israel since the start of the conflict, raising concern about shipping lanes around the Arabian ⁠Peninsula and the Red Sea.

“The conflict is no longer concentrated in the Persian Gulf and around the Strait of Hormuz, but now extends into the Red Sea and the Bab el-Mandeb – one of the world’s most crucial chokepoints for crude and refined product flows,” JP Morgan analysts led by Natasha Kaneva said in a note.
Saudi crude exports re-directed from the Strait of Hormuz to the Yanbu port in the Red Sea reached 4.658 ‌million barrels per day last week, data from analytics firm Kpler showed. If exports from Yanbu were disrupted, Saudi oil would need to pivot toward Egypt’s Suez-Mediterranean (SUMED) pipeline to ⁠the Mediterranean, JP Morgan analysts said.

Attacks in the region escalated over the weekend and damaged Oman’s Salalah terminal despite efforts to start ceasefire talks.

Iran said it was ready to respond to a U.S. ground attack, accusing Washington on Sunday of preparing a land assault even as it sought negotiations.

Pakistan’s Foreign Minister Ishaq Dar said they had covered possible ways to bring an early and permanent end to the war in the region as well as potential U.S.-Iran talks in Islamabad.

This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

• The fund posted returns of 4.51% (Institutional shares) and 4.45% (Investor A shares, without sales charge) for the fourth quarter of 2025.

• The largest contributor to relative performance was security selection in the financials, consumer

Mumbai: Banks may face significant mark-to-market (MTM) losses in the March quarter as rising sovereign bond yields erode the value of their government securities portfolios. India’s 10-year government bond yield climbed to a 12-month high of 6.96% on March 27, up from 6.68% at the start of the month, rising nearly 28 basis points in March alone. The increase has been driven by escalating geopolitical tensions, the ongoing US-Israel-Iran conflict, and higher global crude oil prices that have revived inflation concerns.

Bankers and analysts said that despite the Reserve Bank of India’s aggressive intervention through open market operation (OMO) purchases-₹1.77 lakh crore in March alone and ₹4.57 lakh crore over the entire fourth quarter-banks are unlikely to escape the quarter unscathed. MTM losses on government securities portfolios are expected to weigh on earnings.

“For me, 6.95% was the worst-case scenario, which was breached on Friday, and I don’t think many banks will have a positive book,” said Alok Singh, treasury head at CSB Bank. “Most banks would have bought bonds between the 6.30% and 6.70% levels this fiscal year, and after Friday’s close these portfolios are off the curve by about 30 basis points, which is negative from a book-running perspective.”

The RBI stepped up intervention in early March, frequently purchasing bonds on-screen during the final hour of trading-a move widely seen as an attempt to cap the rise in yields. On several occasions, yields eased by 3-6 basis points in the last half hour of trade, even as broader market sentiment weakened amid geopolitical risks.
The strain on banks’ treasury books is not new. Banks had witnessed moderation in treasury income in the December quarter after peaking in the June quarter due to swings in the yields. Even when yields traded in the 6.47%-6.57% range between October and December 2025, banks faced MTM pressure.

In the December quarter the the net trading and MTM income for HDFC Bank fell to ₹9 billion versus ₹24 billion in the September quarter and ₹101 billion in the June quarter.
The new year brought little relief, with yields crossing 6.60% in January before accelerating further in March. “The surge in government bond yields is likely to hit banks’ treasury earnings in the March quarter despite RBI OMO support,” said Prakash Agarwal, partner at Gefion Capital, adding that inflation worries stemming from higher oil prices, West Asia tensions and rising global yields continue to push yields higher. However, some bankers are hopeful of limited near-term relief. “I expect MTM losses due to hardening yields, but there could be some respite on Monday,” said Gopal Tripathi, head of treasury at Jana Small Finance Bank.

Nifty could continue to trend lower and experience sharp swings this week as geopolitical tensions in West Asia persist, with no clarity on a definitive resolution yet. Nifty 50 once again closed below 23,000 on Friday, and trading below this level could drag the index to 22,500–22,400 zone, according to analysts.

DHARMESH SHAH

HEAD OF TECHNICAL RESEARCH, ICICI SECURITIES

Where is Nifty headed?
For a meaningful pullback to materialise, Nifty must reclaim its short-term moving average (23,800) and establish a ‘higher high–higher low’ pattern on weekly chart in the upcoming truncated week. Failure to do so means the possibility of a prolonged correction cannot be ruled out, wherein critical long-term support is placed in 21,900–21,700 zone.

Our support is based on the following observations: a) Past 25 years’ data suggest that there have been eight occasions where bull market corrections were arrested, with an average decline of 17%. b) Since 2003, on multiple occasions, Nifty has respected the long-term 200-week EMA (barring 2008 and 2020), currently placed at 21,930. c) The April 2025 panic low is placed at 21,743. d) Whenever 85% of Nifty 500 universe trades below their 50- and 200-SMAs, and the net daily advance-decline suggests that only 30 stocks are in positive territory, it signals capitulation extremes. Post these extremes, the index has delivered a median rally of 23% in the subsequent 6–12 months.

Trading Strategies: Option Strategy for April
Buy 1 lot of 23,800 CE @ 322
Buy 1 lot of 21,800 PE @ 379
Sell 2 lots of 24,100 CE @ 230
Sell 2 lots of 21,500 PE @ 311

Total inflow is 381 points (Rs 24,765 per lot), which is the minimum profit if the index stays between 21,800 and 23,800. The maximum profit is 650 points (Rs 42,000 per lot) if the index closes at 24,100 or 21,500.

The breakeven range is 20,800 on the downside and 24,800 on the upside. As long as Nifty trades within this range, the strategy remains profitable, with gains between Rs 24,765 and Rs 42,000 per lot. The approximate margin required is Rs 2,20,000.

TOP PICKS FOR THE WEEK
Bharti Airtel: Buy at Rs 1,790–1,845, Stop Loss at Rs 1,684, Target: Rs 2,032

Stock has rebounded from its key 20-month EMA, which has held as support in past corrections. After an ~18% fall over four months, it is showing a familiar correction pattern, offering a favourable risk-reward buying opportunity.

DLF: Sell at Rs 523–535, Stop Loss at Rs 546, Target: Rs 502.

Stock has been trading below all its key moving averages, indicating a negative short-term bias. Structurally, the stock has witnessed a multi-month support breakdown, with a lower high–lower low structure on the weekly time frame.

RAHUL SHARMA
HEAD – TECHNICAL & DERIVATIVE RESEARCH, JM FINANCIAL SERVICES

Where is Nifty headed?
Nifty formed back-to-back doji candles on weekly charts, indicating indecision. Friday’s sell-off came on higher-than-average volumes, with FII shorts in the index at their highest level (2.79 lakh short) since the war began. India VIX has risen to sub-27 levels, suggesting continued gap openings. The daily trend remains down, with significant short additions seen on Friday in Nifty, Bank Nifty, and Midcap Nifty futures. Immediate support is at 22,471, below which the index could test 22,000. Resistance is placed at 22,900 and 23,200.

Trading Strategies: Look to add Nifty ATM puts of next week’s expiry on a bounce back around 23,000 for downside targets of 22,470 and lower. Investors can look to add Nifty ETFs in the range of 21,700–22,000 if the correction extends this week.

TOP STOCKS FOR THE WEEK
Reliance Industries: Sell at CMP Rs 1,348, Stop Loss at Rs 1,380, Target: Rs 1,310/1,280

A bearish breakdown was seen on daily charts on Friday, along with a rise in volumes.

Bharti Airtel: Buy at CMP Rs 1,843, Stop Loss at Rs 1,795, Target: Rs 1,900/1,950

A bullish divergence was seen on daily charts relative to Nifty in the last two weeks, along with a rise in volumes on Friday.

DHUPESH DHAMEJA
DERIVATIVES ANALYST, SAMCO SECURITIES

Where is Nifty headed?
The index remains in a lower high–lower low formation, with rebounds being sold into and the short-term trend firmly bearish. Nifty faced rejection near its 10-DEMA and has breached the 22,950–23,000 support zone, now acting as resistance. Weak momentum (RSI below 40) and elevated India VIX near 26.8 point to continued volatility and downside risk.

As long as Nifty stays below 23,000, the bias remains negative with targets of 22,500 and 22,200. A sustained move above 23,000– 23,100 could trigger short covering towards 23,400–23,500.

Trading Strategies: Adopt a sell-on-rise approach near 22,900–23,000 with a stoploss above 23,100, aiming for 22,600–22,500 on the downside. At the same time, options traders can deploy a Bear Call Spread (sell 22,500 CE and buy 25,800 CE of the 07 April 2026 expiry) to benefit from overhead resistance and limited risk exposure.

TOP STOCKS FOR THE WEEK
Ather Energy: Buy at CMP Rs 796, Stop Loss at Rs 748, Target: Rs 880

Ather Energy is showing strong bullish momentum after breaking above its previous all-time high zone of Rs 780–790 and hitting fresh highs, signalling trend continuation. The stock continues to form a higher high–higher low structure, indicating sustained buying interest.

Emcure Pharma: Buy at CMP Rs 1,652, Stop Loss at Rs 1,540, Target: Rs 1,840

Stock shows a strong bullish continuation after breaking above the Rs 1,580 resistance, a key supply zone. It continues to form a higher high–higher low structure, indicating a strengthening trend and accumulation. The breakout is backed by improving participation, signalling demand-driven price action and reinforcing the uptrend.