Stocks making the biggest moves midday: Oil stocks, Ford, Tesla, Crocs and more

Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles in the second quarter compared to a year earlier. Analysts expected the Detroit automaker’s sales to rise between 3.3% and 5.1%. Energy stocks — Energy stocks dipped on Tuesday as oil fell 8% and the…

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Luxury car buyers shell out more than ever with ‘car payments that look more like mortgage payments’

If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up 12.6% from a year ago and used car prices 16.1% higher, according to the latest data from the U.S. Bureau of Labor Statistics. For new cars, the average transaction price is expected to…

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Italy has declared a state of emergency because of drought: ‘There is no doubt that climate change is having an effect,’ the prime minister said

This picture taken on July 2, 2022 in Rome shows the low water level of the river Tiber near the Vittorio Emanuele II bridge, revealing an ancient bridge built under Roman Emperor Nero (Bottom). Andreas Solaro | AFP | Getty Images The Italian government declared a state of emergency on Monday in five regions because of a drought caused by lack of rain and rising temperatures. To help the regions that have been especially hard hit, Italy is sending $37.5 million in relief funds distributed to the Emilia-Romagna, Friuli Venezia…

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Oil tumbles more than 8%, breaks below $100 as recession fears mount

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas Intermediate crude, the U.S. oil benchmark, slid 8%, or $8.67, to trade at $99.76 per barrel. The contract last traded under $100 on May 11. International benchmark Brent crude shed 7.7%, or $8.74, to trade…

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Italy just declared a state of emergency because of drought: ‘There is no doubt that climate change is having an effect,’ the prime minister said

This picture taken on July 2, 2022 in Rome shows the low water level of the river Tiber near the Vittorio Emanuele II bridge, revealing an ancient bridge built under Roman Emperor Nero (Bottom). Andreas Solaro | AFP | Getty Images The Italian government declared a state of emergency on Monday in five regions because of a drought caused by lack of rain and rising temperatures. To help the regions that have been especially hard hit, Italy is sending $37.5 million in relief funds distributed to Emilia-Romagna, Friuli Venezia Giulia,…

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Supreme Court limited EPA’s ability to regulate greenhouse gas emissions. Here’s how investors can buy a carbon-conscious fund

The Supreme Court last week limited the Environmental Protection Agency’s ability to regulate greenhouse gas emissions to fight climate change — and that may leave eco-conscious investors wondering what they can do. Certain investment managers offer funds meant to promote values such as environmental preservation and social good, and those funds have become more popular in recent years. Trying to pick a so-called environmental, social and governance fund — especially one that aligns well with your interests — can seem challenging at first, however. More from Personal Finance:These 5 metros…

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Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’

Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of possible further shocks to come. Andrew Bailey blamed Russia’s invasion of Ukraine for piling further pressure on commodity prices and already rising inflation, and said that further resilience is needed to mitigate future risks. “The…

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Why driving big rig trucks is a job fewer Americans dream about doing

A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images In April, Walmart made headlines by announcing that it will pay its private fleet truck drivers as much as $110,000 in their first year with the big-box retailer, up from an average starting salary of $87,000. Yellow Corp., a holding company for several carriers, said its drivers can make up to $100,000 a year. Some trucking companies are offering $10,000 cash bonuses to new drivers. Meanwhile, the American Trucking Associations (ATA) reported a…

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Yum Brands says it is close to selling its Russian KFC business

A woman walks near closed KFC and McDonald’s restaurants that suspended their business in Russia due to the military invasion of Ukraine, April 16, 2022, in Moscow, Russia. Konstantin Zavrazhin | Getty Images Yum Brands is close to selling its Russian KFC business, as part of its ongoing effort to exit the country’s market, the company announced Tuesday. Yum plans to exit Russia fully once the KFC transaction is complete, and has said that it will redirect any profits from its Russian operations to humanitarian efforts. Yum sold its Russian…

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