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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 17, 2021
Page
18
Investors on Wall Street face anxious questions as markets hover near record highs. While U S readings show eye popping growth and corporate profits, concerns include new coronavirus variants, fading pandemic relief, inflation, and the Fed's looming pullback.
Lordstown Motors acknowledges two federal subpoenas and a New York investigation as it reveals it had no firm orders for its Endurance electric trucks and faces funding questions. SEC documents relate to its Diamond Peak merger while NY prosecutors probe leadership resignations and production plans.
The Biden administration issued a nine page advisory from four cabinets warning US firms of evolving Hong Kong laws and possible reputational and legal damage. Treasury also announced sanctions on seven Chinese officials under the Hong Kong Autonomy Act as Blinken marked an anniversary of the national security law with noted surveillance and data privacy concerns.
Ford Motor recalls about 774,696 Explorer SUVs from 2013 to 2017 due to rear suspension toe link fractures from a seized cross axis ball joint. North America accounts for roughly 676,152 of the affected vehicles with six injury reports linked to the issue.
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