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Ford Bets Big on a New $30,000 Electric Pickup Truck

Key Points: Ford is developing a $30,000 midsize electric pickup truck to boost EV sales. A special engineering team created a new platform that slashes production costs. The new design uses 20% fewer parts and cuts factory workstations by 40%. Engineers from Formula One helped improve aerodynamic efficiency by over 15%. Ford learned hard lessons from its first wave of electric vehicles. Early models like...

ECB Official Warns Cheap Chinese Imports Threaten Euro Zone Inflation

Key Points: Euro zone inflation risks swing heavily in both directions. Cheap Chinese imports force local businesses to lower prices. January inflation fell to 1.7%, missing the 2% target. Geopolitical tensions in energy markets might cause price spikes. A top European Central Bank official says the euro zone faces serious inflation risks. Fabio Panetta, who leads Italy's central bank, warned on Saturday that prices could...

Blackstone Wins Federal Approval for $11.5 Billion TXNM Energy Buyout

Key Points: The Federal Energy Regulatory Commission approved Blackstone's purchase of TXNM Energy. Regulators found no evidence that the buyout would increase customer utility rates. The mandatory waiting period for federal antitrust review has officially ended. The massive $11.5 billion deal includes assuming the utility company's existing debt. TXNM Energy announced on Friday that the United States Federal Energy Regulatory Commission officially approved its buyout....