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…
Estimated Monthly Car Payments Hit All-Time High of $712 Amid Rising Interest Rates, Low Inventory
June 16, 2022
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Business & MarketseconomyinflationInflation PressureMarketsnew car pricespersonal financepre-owned carsUSvehicle inventory
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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….
China’s Zero-COVID Policy Is Raising Inflation and Cost of Goods Across the Globe
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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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…
China’s ‘Zero-COVID’ Policy Is Raising Inflation Across the Globe: Analysts
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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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 Production Costs Heighten Global Inflation Pressures
December 29, 2021
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CCPChinaChina Business & Economychinese exportseconomyimports from ChinaInflation Pressureinflationary pressuresU.S. InflationUSUS-China relationsWorld
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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…
Food and Fuel Costs Rise Drastically Due to Inflation in Central Europe
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,…
Traders Expect June Rate Hikes as Biden Confirms Powell’s Second Term
November 24, 2021
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Business & EconomyeconomyinflationInflation Pressureinterest rate hikejerome powellMarketsThe Federal ReserveUSUS News
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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 CEO Expects Inflation Pressure in Coming Years
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…
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