US chip stocks slide as government borrowing costs hit multiyear highs
Fears over inflation and mounting public debt ignite bond sell-off
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Soaring diesel prices rip across US economy
Rising fuel costs threaten new jolt of inflation ahead of November’s midterm elections
Global bond sell-off deepens
Fears over inflation and AI issuance drive long-term government borrowing costs to multi-decade highs
Klarna overhauls leadership as it targets US banking licence
Swedish ‘buy now, pay later’ lender seeks New York-based finance chief as part of efforts to revamp business model
Fund managers are in party mode
Ain’t no party like a capex party, because apparently a capex party don’t stop
FirstFT: Global bond sell-off deepens
Also in today’s newsletter: US military pullback raises questions in Asia, and a ray of hope for the drinks industry