Ford’s stock plunges more than 4% as supply costs jump $1 billion and parts shortages leave cars unfinished

Ford Motor Co. shares fell more than 4% in extended session Monday after inflation and parts shortages left the company with more unfinished cars than expected, giving Wall Street supply chains a boost for automakers. It reminded me that the problem of is not over yet. Ford F, +1.43% By the end of the third … Read more

Steel prices may rise as manufacturers halt production

Nordic hot-rolled coil prices fell further last week on low demand for steel production. This is partly due to rising costs and an uncertain economic outlook, sources said. “There’s too much pressure from imports and too high inventory levels,” one trader told MetalMiner when asked about falling prices for flatroll products. Last week, offers from … Read more

Focus on OPEC+ as oil prices dip below $90

OPEC+ may have to slash its overall oil production target this winter as a recession looms over Europe, plagued by a deep energy crisis, and China shows signs of declining oil demand. not. The 100,000 barrels per day (bpd) token cut announced this week has little to do with balancing oil markets.but sent strong message … Read more