May 2026 – Page 178

Guzman y Gomez Shares Surge 20% After Chain Announces Exit From US Market

The Australian fast-food chain said US expansion required far more capital than expected and was halted.

The Japanese conglomerate’s stock added over $35 billion in market cap as AI-linked equities surged.

FactSet data shows the highest ever blended net profit margin for the S&P 500 driven by tech sector gains.

The new Federal Reserve chairman takes office facing an economy still rattled by war-driven energy costs.

Bulls pushed the US benchmark index back toward all-time highs after a strong week driven by AI earnings.

Core inflation in Singapore came in at 1.4% as services and retail price growth moderated.

Thailand’s stock market climbed as easing tensions in the Persian Gulf supported electronics and consumer sectors.

The national average fuel price in America has risen 51% since the start of the Iran war.

The bank’s analysts revise energy outlook upward contingent on the US-Iran ceasefire deal being finalised.

US equity markets observe the Memorial Day holiday while oil drops on Hormuz deal optimism.