Ford Motor Co. said Monday it will recall about 2,900 F-150 Lightning trucks because a software issue may result in a failure to provide adequate warning of low tire pressure. The recall is the first for the Ford electric pickup truck. Ford said the trucks tire pressure monitoring system light may not illuminate when intended…

The monthly payments made by people who have purchased a new vehicle hit a record high in May, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Though a 0.3 percent growth in median income supported vehicle affordability, all other factors moved against affordable pricing in May, a June 15 report detailing the index stated….

Although China denies it, its draconian Zero-COVID lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand were falling at the…

News Analysis Although China denies it, its draconian “zero-COVID” lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation, analysts say. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand…

China’s soaring producer price index (PPI) and export prices are adding to inflationary pressures around the world, according to analysts. The Chinese Communist Party’s (CCP) recent power sector reform pushes up inflation and export costs, an expert says. The rising production costs in China continue to reflect onto its downstream consumers overseas. In October, China’s…

On either side of the Atlantic, inflation is affecting many nations, with the developing economies of Central and Eastern Europe bearing the brunt of the global supply chain crisis along with high energy costs. Lithuania posted one of the highest annual inflation rates recorded with 8.2 percent, while Estonia registered 6.8 percent, Hungary 6.6 percent,…

Wall Street traders are pricing in June rate hikes and further tapering of bond purchases by the Fed after President Joe Biden on Monday picked Jerome Powell to lead the central bank for another four years. From the current near-zero level that began in March 2020, traders expect at least a 25-basis point hike in…

Raytheon Technologies Corp., which has commercial aircraft makers Boeing and Airbus as customers, expects to face inflation pressure in the coming years, its chief executive officer said on Wednesday. With the cost of raw materials and precious metals going up, the company would see a little bit of pressure, CEO Gregory Hayes said at the…