Business - Friday, May 15, 2026

President Donald Trump spoke about Taiwan after a two-day visit to China, where he said he discussed Iran, and trade deals with Chinese President Xi Jingping.

Kentucky Derby-Winning trainer Cherie DeVaux joins the show to discuss the decision not to run Golden Tempo in the Preakness. She discusses the timeline between the races which played a factor in her decision to withdraw from the race. She speaks with Katie Greifeld & David Papadopoulos on “The Close.” (Source: Bloomberg)

The deal, which Beijing has not commented on, would be a major win for Boeing, which has lost ground to Airbus in one of the world’s largest aviation markets.

CNBC's Jim Cramer said he is growing concerned about the speculative nature in the IPO market.

Enbridge President & CEO Greg Ebel discusses the agreement between Canada and the Alberta province about the carbon tax deal. He discusses the ramifications for future pipelines in the country and how it can affect North America at large going forward. He speaks with Katie Greifeld & Isabelle Lee on “The Close.” (Source: Bloomberg)

The president left Beijing following a summit with China, during which the two countries sought to stabilize their economic and political relations.

Berkshire Hathaway Inc. sold about $8 billion worth of Chevron Corp. shares in the first quarter as the oil giant’s stock reached a record high.

Forbright Inc., a financial services platform that focuses on middle-market lending and digital consumer banking, filed for an initial public offering showing growing deposits.

Intel, along with Taiwan and South Korea, are the latest winners, our columnist says. True diversification is hard to find.

UK 10-year government bond yields have hit their highest since 2008 The Sunday Times have also calculated the UK’s biggest donors to charity. Hedge fund manager Sir Chris Hohn tops the list after giving away £1.4bn — or 16.8% of his estimated £8.6bn wealth in the last year, either personally or through his three foundations which include The Children’s Investment (TCI) fund. “I don’t need to persuade [anyone] that rich people are hoarding their money, many have made pledges but it’s about 0.4 per cent of their wealth they give away a year.” “I’m not doing this for publicity, but to see if I can encourage others to give. Our life is a gift and that means our money is a gift and we’re meant to share it.” The fact the number of billionaires has risen to 157 and their wealth has grown to £784 billion is outrageous, while one in five kids are living in poverty, small businesses are going under, and services are crippled by underinvestment. Right now, it feels like the Rich List is a running total of everything that is wrong in our society—a handful of people counting obscene amounts of wealth while everyone else scrapes by. It’s blindingly obvious, to anyone paying attention, that we need to do something about this. Continue reading...