Powell stressed the central bank's independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Melania Trump said in a tweet that she is "excited to have Stephanie working for both sides of the @WhiteHouse."Politicsread more
Acting Customs and Border Protection Commissioner John Sanders will resign amid furor over the Trump administration's treatment of migrant children.Politicsread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
More than 300 companies are talking to government officials in Washington about the how detrimental the trade war is.Marketsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Massachusetts Institute of Technology President L. Rafael Reif warned the MIT community of "serious long-term costs" to in an email to the school community Tuesday.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The yield on the benchmark 10-year Treasury note fell below 2% on Tuesday as investors looked for safety following the release of much weaker-than-expected confidence data.Bondsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
Ford resumed U.S. production of the midsized Ranger pickup on Monday for the first time in seven years.
The move is part of a plan to strengthen Ford's historically robust presence in profitable trucks at a time when the automaker faces pressure from shareholders and an uncertain future. Ford shares are down more than 30 percent this year, and the automaker is contending with high costs for materials, threats from traditional competitors and disruptive tech companies, as well as a trade war.
The second-largest U.S. automaker invested $850 million in the Michigan assembly plant to build the Ranger and the Ford Bronco. The Ranger was discontinued in the U.S. in 2011, but produced internationally, while the Bronco was discontinued in 1996.
Reintroducing both vehicles to the U.S. market is part of the company's gambit to take advantage of America's shift in consumer sentiment toward pickups, SUVs and crossovers. Ford plans to replace 75 percent of the vehicles in its lineup by 2020 and will move away from selling sedans and compact cars.
The midsize pickup segment is growing, and Ford has the potential to snag market share from current leader, Toyota, said IHS Markit analyst Stephanie Brinley said.
"Ford has seen the response General Motors has gotten from their trucks, and Ford is a pickup truck brand in a lot of ways, " she said. "So they finally feel like they can make money there."
The new Ranger will be different from its predecessor in some key ways, Brinley said. It is bigger, and offers a four-door configuration now seen as essential for any pickup that wants to compete. Trucks are increasingly becoming appealing options for families or buyers who prefer a spacious cabin.
It is also priced a bit higher, in part, because customers demand more from trucks than they have in the past. The outgoing Ranger was very much a bare-bones, entry-level vehicle, Brinley said. The newer version starts at $24,300, and will come with more safety features and technology.
"The environment has moved on quite dramatically and I don't know that you could be successful with the same kind of truck the first one was," she said.
WATCH: Is Ford dead money?