Stocks

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.

An old favorite joins battle for most valuable company

A funny thing happened in the competition to be the most valuable public company in the U.S. Apple became the first U.S. company valued at $1 trillion in August, and Amazon briefly joined it a month later.

US stocks rise ahead of Trump meeting with Xi

U.S. stocks reversed losses Thursday and began rising as investors awaited the outcome of a meeting between President Trump and Chinese President Xi Jinping that could ease trade tensions between the world's two biggest economies -- or make them even worse.

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.

How major US stock indexes fared Wednesday

U.S. stocks rocketed to their biggest gain in eight months Wednesday after Federal Reserve Chairman Jerome Powell hinted that the Fed might not raise interest rates much further.