Commodities

Business Highlights

___ US-China trade truce sends US stocks solidly higher NEW YORK (AP) — Stocks closed solidly higher on Wall Street after the U.S. and China agreed to a 90-day truce in their trade dispute.

Business Highlights

___ Marriott security breach exposed data of up to 500M guests NEW YORK (AP) — A security breach inside the Marriott hotel empire has compromised the information of as many as 500 million guests worldwide.

Business Highlights

___ Police raid Deutsche Bank offices in money laundering case BERLIN (AP) — German authorities have raided Deutsche Bank's headquarters amid suspicions that its employees helped clients set up offshore companies that were used to launder hundreds of millions of euros.

Business Highlights

___ Stocks surge as Powell hints at slower interest rate hikes NEW YORK (AP) — U.S. stocks made their biggest gain in eight months after Federal Reserve Chairman Jerome Powell hinted that the Fed might be willing to raise interest rates at a slower pace next year.

Business Highlights

___ White House expresses 'disappointment,' 'anger' at GM WASHINGTON (AP) — The White House is expressing "great disappointment" in General Motors after the automobile giant announced it would be cutting thousands of jobs.

Business Highlights

___ GM to lay off up to 14K workers, close as many as 5 plants DETROIT (AP) — The announcement by General Motors that it will cut up to 14,000 workers in North America reflects a dramatic shift in the U.S. and North American auto markets, with companies turning away from cars and toward SUVs and trucks.