Oil stocks, Ford, Crocs and more

Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles … Read more

Luxury car buyers pay more than ever as prices and loan costs rise

If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car … Read more

The Quad expands beyond naval military exercises — and China watches

Over the years, the Quad has been incorrectly called an “Asian NATO,” especially when it comes to security concerns about another big power in the region — China. The Quad, or the Quadrilateral Security Dialogue, comprises four big, democratic economies: the United States, Japan, India and Australia. Over the years, the Quad has been incorrectly … Read more

Finland and Sweden move a step closer to NATO membership

Sweden and Finland have taken another step in joining NATO, meaning only a formal ratification of their accession agreement is now left. Anadolu Agency | Anadolu Agency | Getty Images Finland and Sweden on Tuesday moved a step closer to becoming full members of NATO with the formal signing of their accession agreement with the … Read more

Tesla, Occidental Petroleum, Exxon Mobil and more

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained … Read more

Euro slides to 20-year low against the dollar as recession fears build

A euro currency symbol sits on display in the visitor center at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Krauses | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% for the session to hit $1.0283. It comes as fears of a … Read more

Germany fears Russian gas flows could be about to stop for good

Russia says it stands ready to supply gas to Europe, describing ongoing disruption concerns as a “man-made crisis” created by Europe. Bloomberg | Bloomberg | Getty Images Russia is poised to temporarily shut down the Nord Stream 1 pipeline — the European Union’s biggest piece of gas import infrastructure — for annual maintenance. The works … Read more

US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation produce vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively … Read more

More parts of China battle Covid and threats of lockdown as cases spike

Covid-related restrictions tightened in parts of China as local cases climbed, while lighter measures such as virus testing linger on in Shanghai, pictured here on July 3, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Just days after China relaxed some Covid controls, virus cases in different parts of the country have put … Read more

Where the experts say to put your money

Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. “Looking out over the next 10 years, the forces that drove the rapid outperformance of growth over value are unlikely to repeat,” Paul Danis, head of asset allocation at Brewin Dolphin, told CNBC. “Bond yields have … Read more