Oil Drops Toward 100 As Markets Rally and War Warps Prices
Crude oil slipped toward 100 amid stock declines and rising bond yields as Ukraine war and Fed rate fears spook markets. The S&P 500 fell 0.7 while the Dow held steady and Nasdaq dropped 2 percent, with 10 year yields near 2019 highs. Oil’s retreat comes after a surge to 130 last week as supply concerns persist.
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Ford to roll out seven new EVs in Europe by 2024
Ford plans three new electric passenger vehicles and four electric commercial models in Europe by 2024. Production in Cologne will yield 1.2 million EVs over six years, with an all new passenger vehicle set for next year and another in 2024. Romania will host an electric Ford Puma starting 2024. Ford Blue and Ford Models split seeks to double EV share, aiming over 2 million EVs globally by 2026.
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