While You Were Sleeping: 5 stories you might have missed, May 30, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-may-30-2026

#USMarketUpdate
Stock market today: Dow, S&P 500, Nasdaq cap winning month with fresh records in AI-fueled rally as Trump nears Iran decision

Live updates

US stocks rose to record highs to cap a banner month as President Trump said he would soon make a decision on a deal with Iran, while Dell's (DELL) earnings report sparked the latest rally in the booming AI trade.

The Dow Jones Industrial Average (^DJI) gained 0.7%, or over 350 points, closing above the 50,000 level for the first time. The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each added around 0.2%, as the major indexes closed out another winning week amid burgeoning confidence in the AI trade and hopes of easing global tensions.

The S&P 500 notched its ninth week of gains, in its longest winning run since 2023.

https://finance.yahoo.com/markets/live/dow-nasdaq-sp-gain-stock-market-today-friday-may-29-222720284.html

Dimon blasts Coinbase CEO's crypto lobbying push: 'He's full of shit'
https://finance.yahoo.com/markets/crypto/article/jpmorgan-ceo-jamie-dimon-rags-on-coinbase-ceo-brian-armstrongs-crypto-lobbying-push-hes-full-of-shit-201311887.html

The CEOs of the world's biggest chip companies head to Taiwan

https://finance.yahoo.com/sectors/technology/article/the-ceos-of-the-worlds-biggest-chip-companies-are-descending-on-taiwan-next-week-194602431.html

https://www.instagram.com/reel/DY7AYWWBGPa/?igsh=eXVucXFsb2tyeHNk

Trump doubles down on his Strait of Hormuz red line
https://finance.yahoo.com/markets/article/trump-demands-unrestricted-shipping-in-strait-of-hormuz-as-iran-touts-future-administration-of-the-waterway-171658153.html

Trump Sends Mixed Signals on Iran as War Enters Fourth Month
https://finance.yahoo.com/economy/policy/articles/trump-sends-mixed-signals-iran-180025365.html

Dell, Snowflake, and Ford show how the AI boom is spreading: Alpha Check
https://finance.yahoo.com/markets/article/dell-snowflake-and-ford-show-how-the-ai-boom-is-spreading-alpha-check-210740675.html

Morning Briefing: Top stories from The Straits Times on May 30, 2026

How 4 investors lost their properties in bid to avoid paying ABSD on future purchases

Is AI scary? China’s workers share their hopes and fears

Indonesia’s new law changing how domestic workers see their role

S’pore, Vietnam deepen cooperation in food, supply chain resilience

African-inspired zone opens as part of Rainforest Wild Adventure

Jumbo Seafood to close flagship East Coast outlet on Sept 30

Online influencer fined $3.5k after advertising vapes for sale on personal Telegram account

https://str.sg/BKWV

Dad-approved, kid-tested: 6 new activities for the June school holidays
https://www.straitstimes.com/life/entertainment/dad-approved-kid-tested-6-new-activities-for-the-june-school-holidays

#WeekAhead by Investopedia, Yahoo Finance and Reuters
#Calendar by Investing.com
#Earnings by Earnings Whisper
#USMarketUpdate by Reuters, Investopedia, CNBC and Yahoo Finance
#TradingDay #MarketMind by Reuters
#MarketsWrap by Bloomberg
#SgMarketUpdate by Business Times
#HKMarketUpdate by Reuters and Trading Economics

What happened in China this week:

1. Futu posted 25% revenue growth in Q1 2026, but profits tanked 61.2%. The culprit was a one-off fine for illegal cross-border trading, not the business itself, which is still firing on all cylinders.

2. PDD grew revenue 11% while profit fell 15%, and the stock slid 9%. Its cash pile now sits at half its entire market cap.

3. Kuaishou's core video business is growing at a snail's pace, but it's still profitable enough to bankroll its Kling AI ambitions. Kling's revenue quadrupled year-on-year.

4. MiniMax 5x'd its client base and now wants to 6x its recurring revenue to US$1 billion by the end of 2026.

5. China's #1 electronic brake maker and #1 fruit snack maker are both knocking on Hong Kong's door for an IPO.

For more insights, read [Premium]: https://growthdragons.substack.com/p/growth-dragons-weekly-futu-shrugs

6 May 2026: Samsung crossed a $1 trillion market cap.
26 May 2026: Micron crossed $1T
27 May 2026: SK Hynix crossed $1T

Now all three memory suppliers are in the trillion-dollar club. Is this a bubble? Read more [Premium]: https://finbiteinsights.substack.com/p/samsung-micron-and-sk-hynix-are-all

DBS, OCBC, UOB. Most Singapore investors stop there when it comes to bank stocks. But two other global banks have a significant presence here — and they offer something the local three don't. Read more: https://drwealth.com/you-see-hsbc-and-stanchart-everywhere-in-singapore-why-not-invest-in-them-too/

Top Stock Market Highlights of the Week: SGX RegCo 3-Year Rule, 2026 IPO Boom, China's Cross-Border Crackdown and One Raffles Place
https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-sgx-regco-3-year-rule-2026-ipo-boom-chinas-cross-border-crackdown-and-one-raffles-place/

This week’s top reads from The Straits Times, May 30, 2026

https://str.sg/taaF

Jardine C&C said to explore sale of car dealership in Malaysia and Singapore

https://www.straitstimes.com/business/companies-markets/jardine-said-to-explore-sale-of-jardine-cc-car-dealership-in-malaysia-and-singapore

https://vt.tiktok.com/ZSxtXEt5A/

Tech stars from the 90s are reborn in AI craze
https://finance.yahoo.com/markets/stocks/articles/dinosaur-tech-stocks-reborn-ai-130000894.html

The world is quietly adapting to 9% less oil
https://finance.yahoo.com/markets/article/the-world-is-quietly-adapting-to-9-less-oil-100000514.html

Why a merger with SpaceX could be bad for Tesla shareholders
https://finance.yahoo.com/sectors/technology/article/why-a-merger-with-spacex-could-be-bad-for-tesla-shareholders-134417184.html

An Iran peace deal may not save investors from a Fed hike

With inflation at a 3-year high, more and more central bank officials are talking up the possibility of a rate hike.
https://finance.yahoo.com/economy/article/with-inflation-at-3-year-high-a-peace-deal-with-iran-could-still-spell-a-fed-rate-hike-160420528.html

Morning Briefing: Top stories from The Straits Times on May 31, 2026

https://str.sg/75bv

https://youtube.com/shorts/ROaDvtUa29A?si=VG_H1hDec3T4KjxA