Energy costs have risen more than 20% over the past year, largely a result of President Donald Trump’s war with Iran.

Inflation stands well above the rate recorded prior to the Iran war.

The numbers are feeding investor bets that the Fed might hike rates again later this month.

U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections. The consumer price index rose 3.

Germany will press the European Union to quickly place quotas on additional sectors of goods being imported from China, replicating a cap the bloc is planning to impose on hybrid vehicles.

China's passenger car exports surged 64% in September from the same month in 2025, an industry association reported Monday, as Chinese automakers increasingly focus on exports to drive growth amid sluggish domestic sales.

The European Union is set to limit the number of hybrid vehicles imported from China in a bid to prevent so-called "dumping". In response to impressive sales of vehicles from Chinese brands, the European Commission will limit the number of hybrid imports to 350,

The EU will cap hybrid imports at 350,000 vehicles a year starting in December, a move European carmakers welcomed as a first step while Chinese brands accelerate plans to build in Europe.

JPMorgan, Goldman, Wells Fargo and Citigroup reported third-quarter results, kicking off a mixed Wall Street earnings season.

Follow live bank earnings coverage for JPMorgan, Wells Fargo, Goldman Sachs and Citigroup, with third-quarter results, calls and stock moves.

The results came after a turbulent quarter marked by the conflict in Iran, elevated oil prices and a global bond-market selloff, which affected dealmaking and trading activity across financial markets

JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup are all slated to report earnings for the third quarter, in that order, before Tuesday's opening bell. Investors will be looking closely for si