The Dow Jones Industrial Average was lower Tuesday ahead of Wednesday’s key inflation report — the Labor Department’s consumer price index. Vaccine maker Novavax (NVAX) crashed 31% after cutting its 2022 revenue guidance due to lack of demand for its Covid-19 vaccine.
Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant’ battery cost increases
Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.”
U.S. productivity posts biggest ever annual drop in second quarter
U.S. worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor Department said on Tuesday, while growth in unit labor costs accelerated, suggesting strong wage pressures will continue to help keep inflation elevated.