Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclear

The CEO of GameStop, Ryan Cohen, said he was selling vintage video games, baseball cards, GameStop merchandise and a $14,000 pair of tube socks to help fund the company’s proposed $55.5bn acquisition of eBay.

His platform of choice? eBay, of course.

Several US airlines have agreed to cap ticket prices for Spirit customers who need to rebook canceled flights

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The US secretary of transportation, Sean Duffy, has announced a series of measures to help Spirit Airlines passengers following the low-cost airline’s collapse early on Saturday after running out of cash and the failure of rescue talks with the Trump administration.

Duffy said that larger US airlines, including United, Delta, JetBlue and Southwest, had agreed to cap ticket prices specifically for Spirit customers who need to rebook canceled flights, subject to a Spirit flight confirmation number and proof of payment.

President says decision made ‘in honor of the king and queen’ as industry officials call deal ‘significant boost’

In a gesture of diplomatic friendliness after King Charles’s visit to the White House, Donald Trump said the US would be removing all tariffs on whisky imports.

“In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon,” Trump said in a post on social media.

Chair had said he’d leave after inquiry into building renovations but now says there are ‘remaining steps in the process’ he’s watching

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The US Federal Reserve chair, Jerome Powell, is staying on the central bank’s rate-setting board after his term as chair ends in May, a contentious move that signals continued uncertainty at the Fed.

Powell made the announcement after the Fed board left interest rates unchanged for the third time this year on Wednesday, despite Donald Trump’s continued demands for interest rate cuts.

Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liability

On the face of it, Kevin Warsh looks like an ideal candidate to chair the Federal Reserve, the world’s most important central bank. The 56-year-old Ivy League economist, former Wall Street banker and presidential adviser ticks all the boxes. Unfortunately for Warsh, as he faces what could be a fraught nomination hearing, his biggest backer is also his biggest liability.

In his second term, Donald Trump has attacked the Fed in a manner both unprecedented and unseemly. He has called current chair Jerome Powell – whom he also appointed – a “jerk”, “a stubborn MORON”, and repeatedly threatened to fire him.