Ford recalls more than 694,000 SUVs in U.S. after year-long fuel leak probe

Ford recalls more than 694,000 SUVs in U.S. after year-long fuel leak probe

2021 Ford Bronco Sport Ford Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation. The NHTSA said fuel injector in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite. Ford shares were down 3%…

Read More
Food inflation is killing Chipotle. Wall Street sees little way out for company if it doesn’t raise prices

Food inflation is killing Chipotle. Wall Street sees little way out for company if it doesn’t raise prices

Wall Street is wondering if Chipotle ‘s plan to eat the cost of food inflation will pay off. The fast-casual chain warned Wednesday night that cost increases for its ingredients like meat will weigh on margins, given it doesn’t plan to increase prices in tandem. Analysts are fearful about what that means for its margins…

Read More