Energy in America

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.

Judge to utility: Explain any role in deadly California fire

A U.S. judge overseeing a criminal case against Pacific Gas & Electric Co. asked the utility Tuesday to explain any role it may have played in a massive wildfire that destroyed a Northern California town and killed nearly 90 people.

Former UN president backs indicted Hong Kong businessman

A former president of the United Nations General Assembly said Tuesday that he never witnessed "anything improper" on the part of a prominent Hong Kong businessman on trial in New York on charges of bribing government leaders in two African nations to land lucrative business deals for a Chinese oil and gas conglomerate.

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.

Court rules against proposed pipeline project

An appeals court in upstate New York has ruled in favor of landowners who are fighting against a gas company's plans to build a pipeline from Pennsylvania to Lake Ontario.

Trump's tariff talks weighs on global stock markets

Asian markets were mostly higher on Tuesday ahead of a meeting between the U.S. and China at the Group of 20 summit this week, despite President Donald Trump's comments that it's "highly unlikely" he'll hold off on raising tariffs as Beijing requested.