OIL PRICES EDGE HIGHER ON HOPES FOR MORE CHINA STIMULUS
Oil prices edged higher on Thursday during thin holiday trading.
The increase was driven by expectations of additional fiscal stimulus in China, the world’s largest oil importer.
An anticipated decline in U.S. crude inventories also supported oil prices.
Frank Elderson is an important member of the European Central Bank (ECB). He is worried about cutting interest rates too quickly. He thinks lowering rates fast could make it harder to control inflation in services. This could also slow down the economic recovery. Elderson believes careful decisions are needed to
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The stock market went up on Friday, aiming for its first weekly gain of the year. Dow Jones rose by 337 points (0.8%). S&P 500 increased by 1%, and Nasdaq went up by 1.5%. Big tech companies did well: Tesla stock increased by 4.8%. Nvidia