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
US 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
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
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
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
The battle for the soul of Labour
Challenge to Starmer is a perilous moment for the UK and its standing
Brown-Forman’s $17bn bid rejection leaves a bitter taste
The Brown family may have balked at handing its brands over to Sazerac, but it would have been more appealing than the alternatives
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
Greater New York at MoMA PS1 is a capacious celebration of the city’s artistic life
With effusive humour and amiable messiness, the exhibition portrays a metropolis that’s complicated and unstable
Eric Trump joins Beijing trip as family-linked group chases China deal
Company with ties to US president’s son has MOU with chipmaker that Congress warned is connected to Communist Party
Crispin Odey settles sexual assault claims
Financier had been sued for personal injury by women
From Daljit Nagra to Sylvia Plath — a round-up of the best poetry books
A new edition of Plath’s work reveals childhood poems for the first time. Plus collections from Kim Moore, Leontia Flynn and Tobias Hill
US wholesale inflation hits 6% as Iran war sends fuel and freight costs soaring
Producer price index rises at fastest rate since Russia’s full-scale invasion of Ukraine
Who do gilt investors want to lead Britain?
Andy Burnham seen as biggest risk to UK government bonds
White-collar workers report growing feelings of ‘AI brain fry’
Workers are reporting feeling overwhelmed by the new technology
Boots to appoint outgoing Currys boss Baldock as CEO
UK pharmacy chain finalising appointment of Alex Baldock as it prepares for potential London listing next year
Putin and Zelenskyy cool on US-led peace talks
Moscow and Kyiv lose faith in Donald Trump’s diplomacy even in the event of Iran war ending
India more than doubles tariffs on gold imports
Government wants to curb non-essential imports to protect the rupee
JPMorgan reshuffles investment bank chiefs amid wider shake-up
Dorothee Blessing, Kevin Foley and Jared Kaye appointed co-heads of global investment banking
UK, US and global politics: what students should know
Read FT articles picked by our teacher advisers