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Trump tries to make deals in China. And, Senate confirms Kevin Warsh as Fed leader
LISTEN & FOLLOW NPR App Apple Podcasts Spotify Amazon Music iHeart Radio YouTube Music RSS link Trump tries to make deals in China. And, Senate confirms Kevin Warsh as Fed leader May 14, 20267:32 AM ET By Brittney Melton Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories President Trump arrived in Beijing and met with Chinese President Xi Jinpi...
Trump-Xi Summit; Tech Rally Persists; Warsh Confirmed as Fed Chair | Bloomberg Brief 5/14/2026
President Trump and President Xi meet in Beijing in a discussion lasting more than two hours with both sides talking up a vision for more stable ties. The tech rally shows little sign of slowing down after Cisco's blockbuster earnings. The Senate confirms Kevin Warsh as the next Federal Reserve chair in the narrowest vote ever for the position. Lizzy Galbraith of Abeerdeen discusses what could come out of the Trump-Xi summit. Wei Li of BlackRock highlights the challenges ahead for the Fed. (Sour...
Burberry Bets On Heritage As Americans Lap Up Hamptons Of England Look
BusinessRetailBurberry Bets On Heritage As Americans Lap Up Hamptons Of England LookByMark Faithfull,Contributor.Forbes contributors publish independent expert analyses and insights. Mark Faithfull is London-based and covers retail and real estate Follow AuthorMay 14, 2026, 07:28am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Cool Britannia: The Burberry luxury store in New Bond Street, London. (Photo by John Keeble/Get...
How severe has the economic impact of the Iran war been for the Gulf states?
The US and Israel’s war on Iran has cast a long shadow over the Gulf. It has placed many of the economies that make up the Gulf Cooperation Council (GCC) regional grouping – Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates (UAE) and Saudi Arabia – under substantial strain. Since the war began in February, the World Bank has downgraded its 2026 GDP growth forecast for the region from 4.4% to just 1.3%. Some thinktanks, including Oxford Economics, even predict that some GCC economies will...
Brookfield Corp. Posts Profit as Firm Continues Insurance Push
Brookfield Corp. is merging its shares with those of its insurance business as the firm pushes ahead with its plans to transform itself into an investment-led insurer, the company said in its first-quarter earnings statement.
Beloved London Italian chain closes all its branches after decades as it collapses into administration
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Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator
Shares in Spire Healthcare jump after approach from Toscafund, founded by City figure known as ‘the Rottweiler’Business live – latest updatesThe board of Britain’s largest private hospital operator has backed a buyout proposal worth £1bn from its second-biggest shareholder, a hedge fund manager known as “the Rottweiler”, sending its shares soaring by nearly 50%.Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, said it had received a non-b...
Privately educated CEOs seen as ‘safer bet’ by investors, study finds
Privilege being mistaken for competence as study reveals no evidence to suggest companies run by state-educated peers underperformChief executives who attended private school are perceived as a “safer bet” by investors, according to a study, despite there being no evidence they perform or behave differently to their state-educated counterparts.Companies run by privately educated bosses tend to experience lower stock market volatility, even though there are no meaningful differences in their perf...
Martin Lewis says 'you could claim £2,000' if you had kids from 2002 to 2011
MoneySavingExpert founder Martin Lewis said the average amount is £2,000
Police believe they have identified three women recovered off Brighton beach
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Emerging-Market Stocks Rise as Alibaba, TSMC Join AI Hot Streak
Emerging-market stocks advanced for the third day this week as technology companies in Taiwan and China joined a hot streak by South Korean peers, buoyed by optimism that talks between the US and China will improve trade ties and boost demand for artificial intelligence-related hardware and services.
DP World 'Bullish' on Africa Expansion
DP World is continuing its expansion plans for ports and infrastructure from Mozambique to Congo. Mohammed Akoojee, DP World’s managing director for sub-Saharan Africa, spoke to Bloomberg's Ondiro Oganga. (Source: Bloomberg)
Older than America: This US family business has been around for 328 years
America's 250th anniversary coincides with Laird & Co., a distillery operating since 1698, predating the nation by 78 years. This family business, renowned for its apple brandy, has navigated Prohibition, WWII, and COVID-19 by pivoting production. Despite ownership challenges, nine Lairds now control the company, with the first female CEO at its helm, continuing a legacy of resilience and innovation.
Day After Trust Vote Win, Vijay Announces 2% Dearness Allowance Hike
The move is expected to benefit nearly 16 lakh government employees, teachers, pensioners, and family pensioners across the state. Despite the extra cost, the hike was given in view of their welfare, the government said.
Aldi's sell-out reformer Pilates machine returns to stores for £150
Aldi's much-loved Reformer Pilates Machine is making its comeback on May 24, and it's great news for anyone who missed out last time.The budget supermarket's Specialbuy caused a frenzy when it was previously launched, selling out incredibly quickly.Now priced at £149.99, the machine offers everything you need for effective home workouts.It comes equipped with five resistance bands to vary your training intensity, and a foldable design is useful for those in smaller spaces. TRENDING Stories Vide...
As Cisco lays off 4,000 employees, CEO says AI winners need focus, urgency, discipline
Cisco Systems is cutting nearly 4,000 jobs to reallocate investments towards artificial intelligence and high-growth areas, driven by increasing demand from hyperscalers. The company is strategically investing in silicon, optics, security, and AI integration while reducing roles in legacy business units. Cisco will provide support and resources for impacted employees, including job placement assistance and access to learning programs.
DVLA's free five-minute sign-up could save drivers from paying £2,500 fine
Most drivers would benefit from this service to avoid facing a fine in the future
Spire Healthcare in talks over £1 billion takeover approach
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Inside Scale AI’s Business After Meta’s Bombshell $14 Billion Deal
InnovationDaily CoverInside Scale AI’s Business After Meta’s Bombshell $14 Billion DealByRichard Nieva,Senior Writer. Richard Nieva is a Forbes senior writer covering technology.Follow AuthorMay 14, 2026, 06:30am EDTWhen Alexandr Wang left the company he founded almost a year ago, most figured the startup was as good as dead. Under new CEO Jason Droege, Scale says its sales have rebounded and it expects to top $1 billion in revenue this year.@font-face{font-family: "Highlander"; src: url("https:...
The Payday From These 3 Companies Would Outstrip A Decade Of VC Returns
The Payday From These 3 Companies Would Outstrip A Decade Of VC ReturnsIllustration by Philip Smith for ForbesByIain Martin,Forbes Staff. I'm a senior editor at Forbes and cover tech and venture capital.Follow AuthorMay 14, 2026, 06:30am EDTThe initial public offerings for SpaceX, OpenAI and Anthropic are on track to outstrip the cash VCs raked in on every other startup exit since 2016—combined. @font-face{font-family: "Highlander"; src: url("https://i.forbesimg.com/assets/fonts/highlander/highl...