Stocks

Global stocks are rising Monday morning as big technology and retail stocks in the U.S. recover some of their recent losses on the first full trading day of the holiday shopping season.

President Trump says it is ‘highly unlikely’ that U.S. would hold off on increase to 25% on $200 billion of goods.

___ 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.

Stocks rose Monday after taking big losses last week.

Apple shares have fallen more than 20 percent since the company reported earnings on Nov. 1.

Stocks that moved substantially or traded heavily Monday: General Motors Co., up $1.72 to $37.65 The automaker said it will lay off up to 14,000 factory and white-collar workers and could close five plants.

The latest on developments in financial markets (all times local): ___ 9:35 a.m.

Shares of CVS Health and Aetna are rising with the companies now saying they expect to close their $69 billion tie-up later this week.

This is not a set it and never-look-at-it-again situation.

Gary Kaltbaum sees many bearish signs that investors need to keep an eye on.

Asian shares were mostly higher Monday on hopes that President Donald Trump and his Chinese counterpart Xi Jinping will unwind a blistering trade dispute at a meeting this week.

CEO Osamu Masuko will become temporary chairman.

Spain's National Court is beginning a massive trial over alleged fraud in the stock market listing of Bankia, a financial giant that was bailed out during the country's economic crisis.

Investor optimism returned to Wall Street.

The moves are calculated to dramatically slash costs and capital expenditures.

Asian shares were mostly higher Monday on hopes that U.S. President Donald Trump and his Chinese counterpart Xi Jinping will unwind a blistering trade dispute at a meeting this week.

___ 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.

For the second time this year, stocks have gone into what's known on Wall Street as a correction — a drop of 10 percent or more from a recent high.

Energy companies led a broad slide on Wall Street early Friday as the price of U.S. crude oil tumbled to its lowest level in more than a year.

Stocks closed lower in shortened session on Wall Street Friday as energy stocks declined along with the price of oil.