Business – Page 45 – One America News Network

Ford to recall about 85,000 vehicles due to risk of engine fire

Ford is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.

Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.

Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July.

Starbucks named Chipotle Mexican Grill head Brian Niccol as its new CEO in a shock move that sent the coffee chain’s shares up over 20%.

If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.

Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.