Ford shares surge after launch of power unit for data centres
New subsidiary pivots to energy storage batteries for AI after disastrous electric vehicle writedown
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Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed
Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping.”
US audit regulator weighs deep staff cuts to unit overseeing accounting firms
PCAOB is taking less confrontational approach as it downsizes Enron-era mandate to scrutinise industry
Turkey scraps inflation target as economic strains deepen
Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war
Klarna breaks even for first time since blockbuster New York IPO
Shares in European fintech have plunged 70% since September