Commodities

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.

Business Highlights

___ Black Friday shoppers ditch their computers, flock to stores NEW YORK (AP) — Retailers are offering much of their Black Friday deals online, but shoppers still showed up at malls and stores around the country looking for discounts — and to take in the scene.

Swine fever adds to China's economic headaches

Reeling from rising feed costs in Beijing's tariff fight with U.S. President Donald Trump, Chinese pig farmers face a new blow from an outbreak of African swine fever that has sent an economic shockwave through the countryside.

Business Highlights

___ Retailers aim to pick up business from defunct, dying rivals NEW YORK (AP) — Companies like Target and online mattress company Casper are creating playbooks to pick up market share left behind by defunct or dying retailers.