Ford has struggled with quality for a while. Shares dipped 18.4% in late July 2024 after the company missed Wall Street’s second-quarter earnings expectations, partly because warranty expenses were up $800 million compared with the first quarter.

Ford’s (NYSE:F) recall of 850,000 vehicles for a fuel pump defect marks the latest in a string of recalls that have raised fresh concerns about the automaker’s quality control and brings its six-month total higher than any other automaker’s full-year tally.

The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in an effort to expand its North American sales.