Gasoline prices drove up inflation in September but were down from a year ago.

In September, US prices rose at an annual rate of 3%, slightly surpassing forecasts, primarily due to a significant 4.1% increase in gasoline prices. This rise comes despite former President Trump's campaign promise to 'end inflation,' highlighting ongoing economic challenges. The consumer price index report was delayed due to a federal government shutdown, making this data particularly relevant as it reflects the current state of the economy and the impact on everyday Americans.

China's recent decision to pause some purchases of Russian crude oil marks a significant shift in its energy strategy, particularly after the US blacklisted major Russian oil companies Rosneft and Lukoil. This move could impact global oil prices and supply chains, highlighting the ongoing geopolitical tensions and the influence of US sanctions on international trade. As China navigates its energy needs amidst these challenges, the implications for both countries and the global market are worth watching.

India is on the verge of finalizing a significant trade deal with the United States, with both nations nearing consensus on key issues. This development is crucial as it highlights the strengthening economic ties between the two countries, although India's trade minister has made it clear that they will take their time to ensure the agreement is beneficial.

The ongoing trade talks between India and the United States are significantly focused on corn and soybeans, two vital agricultural commodities. This discussion is crucial as it reflects the broader economic relationship between the two nations, with potential implications for farmers, consumers, and global markets. Understanding the dynamics of these talks can shed light on future trade policies and agricultural practices.

The U.S. is investing $20 billion in Argentina, betting on President Javier Milei's ability to revitalize the country's struggling economy. This significant financial support highlights a belief in potential change and recovery, which could have far-reaching implications for both nations. As we await the outcomes of this investment, it raises questions about the future of Argentina's economic landscape and its relationship with the U.S.

Next week, the world will be watching as U.S. President Donald Trump and Chinese President Xi Jinping engage in a crucial meeting that could shape the future of global trade. With tensions high and economic stakes even higher, this showdown is significant not just for the two nations but for economies worldwide. The outcomes could influence tariffs, trade agreements, and international relations, making it a pivotal moment for businesses and consumers alike.

President Trump's recent sanctions on Russian oil giants Lukoil and Rosneft mark a significant escalation in the economic conflict with Russia. This decisive action reflects Trump's growing frustration with President Putin and aims to exert pressure on the Russian economy. By targeting key players in the oil sector, the U.S. hopes to undermine Russia's financial stability and influence, making this move crucial in the ongoing geopolitical landscape.

Oil prices have surged by 5% following the announcement of US sanctions against Russian firms Rosneft and Lukoil. This significant increase reflects market reactions to geopolitical tensions and the potential impact on global oil supply. Investors are closely monitoring these developments, as they could lead to further fluctuations in oil prices, affecting economies worldwide.

Cathie Wood has made headlines again by purchasing $17.2 million worth of a struggling tech stock, showcasing her confidence in the sector's potential rebound. This move is significant as it reflects her investment strategy of identifying undervalued companies, which could lead to substantial gains in the future. Investors often look to her decisions as indicators of market trends, making this purchase noteworthy.

Neutrogena has issued a recall for its makeup wipes due to concerns over bacterial contamination, affecting consumers in Florida, Georgia, South Carolina, and Texas. This recall is significant as it highlights potential health risks associated with contaminated products, prompting users to check their supplies and prioritize safety.

President Trump has announced a 10% increase in tariffs on Canada, a move sparked by a controversial advertisement from Ontario that quotes former President Reagan criticizing import levies. This decision highlights the ongoing tensions between the U.S. and Canada regarding trade policies and could have significant implications for economic relations and cross-border commerce.

In a surprising move, Trump has announced a 10% increase in tariffs on imports from Canada, a decision that could strain trade relations between the two countries. This escalation in tariffs may lead to higher prices for consumers and could impact various industries reliant on cross-border trade. It's a significant development that highlights ongoing tensions in U.S.-Canada trade relations.

In a surprising move, President Trump has imposed an additional 10% duty on Canadian goods, citing an anti-tariff advertisement that aired during the World Series as a trigger. This decision comes as tensions rise between the U.S. and Canada, especially with Trump's announcement that he won't meet Canadian Prime Minister Mark Carney at the upcoming ASEAN summit in Malaysia. This escalation in trade disputes could have significant implications for both economies, affecting businesses and consumers alike.

This week's market wrap highlights the ongoing government shutdown, which is now the second-longest in history, causing frustration among furloughed workers and raising concerns about economic stability, particularly for regional banks. Despite these challenges, the stock market appears to be holding steady, showing resilience amid the uncertainty. This situation is significant as it reflects the broader economic landscape and the potential long-term effects on various sectors.