Laura Besarati

speaker

22,691 appearances 299 recordings 1 series first heard Aug 2024 last heard 2d ago

Laura Besarati’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 123 in all, peaking in Mar 2026 with 22.

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CommSec Market Update · PM 22 May 26: Weekly gain for ASX · 22 May 2026 podcast

The Dow was up by 0.6%, the S&P 500 edging higher by a fifth of 1%, and the

tech-heavy Nasdaq up by a tenth of 1%.

But there was some optimism or potentially speculation and reports that the US and Iran are getting close to an agreement as the war approaches the three-month mark.

So that did send oil prices lower overnight, the third straight day of declines on the

Investors grew increasingly sceptical, which sent oil prices back up in today's session.

So they're a bit uncertain about the possibility of a breakthrough in talks between the two countries, considering both sides are still very divided over Iran's uranium stockpile and also the blockade of the Strait of Hormuz.

So Iran has been reporting that it's working with

Oman on a framework for a permanent toll system that would formalise its control over maritime traffic through the Strait of Hormuz.

But as we know, President Trump rejected the proposal, insisting that the waterway should remain open, free and without toll charge.

So closer to a deal, supposedly, but still not seeing eye to eye on some very key terms of that deal.

So a deal, maybe, maybe not.

There's also been a fair bit of company news around today.

Now Mexican fast food chain Guzman has stolen the spotlight once again.

It's the best performer for a second straight session.

It was up yesterday on a broker upgrade thanks to its strong expansion plans and now today it's surging again after announcing it's shutting down all eight of its US stores and abandoning its American expansion plans with immediate effect.

Now, GYG said the US operations weren't generating enough sales momentum and would have required much more time and capital to turn around than expected.

Now, investors actually cheered the move because the US business had been losing money for years and was seen as a major drag on the company.

As a result, the closures will cost the company about $1.

$30 million to $40 million in one-off costs.

But these one-off items are not expected to impact its final dividend for FY26.

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