Tue, 21-Oct-2025

As traders evaluate global economy, European stock increase

European stock

European stock markets jumped 0.7%, with London’s FTSE 100 adding 1.0% and Germany’s Xetra Dax gaining 0.2%.  The Stoxx has seen weekly losses for four of the past five weeks. US stock and bond markets were closed for the Fourth of July holiday. European stock markets started the week on an upbeat note as traders … Read more

Biden praises Exxon Mobil and other oil firms for their earnings

oil

U.S. consumer inflation accelerated in May as oil prices hit a record high. The cost of food soared, leading to the largest annual increase in four decades. A gallon of regular gasoline costs an average of $4.99 nationwide on Friday, according to AAA. U.S. President Joe Biden on Friday charged the U.S. oil industry, and … Read more