GameStop’s Cohen threatens to take $56bn eBay offer to shareholders
CEO says reseller’s board failed to engage after declining to meet him
Cerebras boosts IPO price to raise $5.5bn
Chipmaker valued at $40bn in sign of high demand for AI stocks
Citadel tells key researchers to relocate from Hong Kong or quit
Hedge fund gives ultimatum to members of its global quantitative strategies team based in territory
UK estate agents at gloomiest in more than two years due to higher mortgage rates
Middle East conflict’s economic impact is hurting the housing market
Nationwide to crack down on payment message harassment
Ex-partners are subverting the ‘payment reference’ feature in bank transactions to send abusive messages
FT Crossword: Number 18,372
FirstFT: Donald Trump calls on Xi Jinping to ‘open’ China to US business
Also in today’s newsletter: India more than doubles tariffs on gold imports, and Netanyahu’s secret visit to the UAE
UAE denies Netanyahu made secret visit during Iran war
Extraordinary rebuttal from Israel’s closest Arab partner comes as two nations had been drawing closer
Starmer prepares to fight leadership bid by Streeting
Health secretary expected to resign on Thursday and seek to eject prime minister from Downing Street
Weaker UK cities at risk from higher minimum wage, think-tank warns
Employers in Edinburgh and cities in south-east have been more able to absorb rises, Centre for Cities finds
Senate confirms Warsh to succeed Powell as Fed chair
Vote brings to an end one of the most fraught processes of selecting a central bank chief in decades
Shares surge in debut of power producer favoured by Trump energy agenda
Geothermal generator Fervo uses renewable energy technology that has garnered rare administration support
Elon Musk’s settlement with SEC raises ‘red flags’, judge says
Court refuses to ‘rubber stamp’ $1.5mn deal over Twitter stock disclosure
Starmer crisis as it happened: Manchester MPs refuse to stand aside for Burnham
Greater Manchester mayor needs a parliamentary seat to stand for the Labour leadership
UK regulator pushes private credit groups to share more data
Fast-growing market comes under greater scrutiny for potential risks after series of setbacks
US sells 30-year bonds at 5% yield for first time since 2007
The $25bn auction comes hours after data showing sharpest rise in producer prices since Russia’s invasion of Ukraine
New York cuts transport prices to World Cup matches it is hosting
Round-trip bus ticket from New York City to MetLife Stadium reduced from $80 to $20
Private credit is not ‘a cancer’, says Wall Street’s top prosecutor
Manhattan US attorney Jay Clayton calls the industry a ‘great benefit to the US’
How could a challenge to Starmer’s premiership play out?
Under Labour rules, someone seeking the party leadership needs the nominations of at least 81 MPs
What can we expect from the Fed under Kevin Warsh?
Take part in a live Ask an Expert Q&A with the FT’s US economics editor, US economics correspondent and US markets editor on Monday May 18 at 4pm BST
Xpeng in talks with VW about buying a factory in Europe
Carmaker dubbed ‘China’s Tesla’ also explores building a new plant on the continent
Saudi Arabia launched strikes against Iran
Riyadh wanted to show it was defending itself but told Tehran it was not joining broader US-Israeli assault
Italy’s Ludoil agrees to buy Beny Steinmetz-linked Sicilian oil refinery
Russia’s Lukoil sold the ISAB plant in 2022 to a Cypriot company backed by the convicted Israeli tycoon
Neanderthal dentist drilled into decayed tooth almost 60,000 years ago
Study suggests Neanderthals had cognitive ability, dexterity and social support comparable with modern humans