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Solid company earnings power broad rally for US stocks

NEW YORK (AP) — Stocks notched solid gains on Wall Street Tuesday as investors welcomed surprisingly good quarterly results from some of the nation’s biggest companies. Strong earnings from UnitedHealth Group, JPMorgan Chase and other companies helped power the market’s broad gains, erasing modest losses from a day earlier. Technology, health care and financial stocks were big winners. Investors are looking to earnings for insight into the impact that the U.S.-China trade war is having on corporate profits.

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EU: Brexit deal in sight but UK must still do more

LUXEMBOURG (AP) — European Union officials are hoping that, after more than three years of false starts, a Brexit deal with Britain might be in sight within hours. The bloc says it might be possible to strike a divorce deal by Thursday’s EU leaders summit. That comes weeks before the U.K’s scheduled departure date. One major proviso: The British government must make more compromises. Britain and the EU have been here before, but a surge in the British pound Tuesday indicated hope this time could be different.

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End in sight? GM CEO Barra joins talks with striking union

DETROIT (AP) — An end to the monthlong strike at General Motors may be in sight. GM CEO Mary Barra joined negotiators at the bargaining table Tuesday seeking a deal to end the strike by the United Auto Workers union. A person briefed on the talks says Barra and GM President Mark Reuss were in the bargaining room early Tuesday but left later in the morning as committees began work on specific contract language. The person didn’t want to be identified because the talks are confidential.

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China tempers hopes about US tariff truce

BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing’s promises to open more of its state-dominated economy are raising hopes among investors. But Beijing is trying to temper expectations, while foreign companies express frustration over the halting pace of market-opening. The China Daily newspaper warned there is a chance Washington might “decide to cancel the deal” after President Donald Trump suspended a tariff hike.

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German 5G rules avoid Huawei ban; US warns on intel sharing

LONDON (AP) — Germany has released draft security guidelines for next generation wireless networks that stop short of banning Huawei. They came as the U.S. warned again it would reconsider intelligence sharing with allies that use the Chinese company’s equipment. Top U.S. cybersecurity diplomat Rob Strayer told reporters Washington would have to reassess how it shares intelligence with countries like Germany if they use untrusted technology in the new networks.

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California regulator criticizes utility over power outages

SAN FRANCISCO (AP) — California’s utility regulator issued a series of sanctions against Pacific Gas and Electric for what it calls “failures in execution” during the largest planned power shut-off in state history. California Public Utilities Commission President Marybel Batjer says the utility needs to have a goal of restoring power within 12 hours, minimize the scale of future outages and better communicate with the public and local officials. PG&E last week acknowledged it was not adequate prepared.

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UnitedHealth hikes annual forecast, offers glimpse into 2020

MINNEAPOLIS (AP) — UnitedHealth Group raises its 2019 forecast and details another better-than-expected quarter, but shares soar after leaders of the nation’s largest health insurance provider mentioned next year’s growth prospects.

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Google debuts Pixel 4 phone, wireless earbuds with AI

SAN FRANCISCO (AP) — Google unveiled the newest version of its flagship phone Tuesday, complete with features to help it compete with rivals including a more advanced camera, a faster artificial intelligence assistant and face unlock. The Pixel 4 will carry a starting price tag of $799 — about $200 less than Apple’s new iPhone 11 Pro.

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Trump’s sanctions won’t bite a vulnerable Turkish economy

FRANKFURT, Germany (AP) — U.S. sanctions announced against Turkey fall well short of doing serious damage to an economy still healing from a recession and currency collapse. Analysts and financial investors saw them as minimal. President Donald Trump could take far tougher action that would deter the foreign investment and credit Turkey badly needs. But doing so could backfire in a number of ways, and it’s not clear he really wants to.

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Justices seem likely to uphold Puerto Rico oversight board

WASHINGTON (AP) — The Supreme Court seems likely to leave in place the oversight board established by Congress in response to Puerto Rico’s financial crisis. The justices voiced skepticism Tuesday of a constitutional challenge to the oversight board’s composition. Hedge funds that invested in Puerto Rican bonds are leading the case against the board. A lower court has ruled that board members were appointed in violation of the Constitution because they were not confirmed by the Senate.

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The S&P 500 index climbed 29.53 points, or 1%, to 2,995.68. The Dow Jones Industrial Average rose 237.44 points, or 0.9%, to 27,024.80. The Nasdaq gained 100.06 points, or 1.2%, to 8,148.71. The Russell 2000 index of smaller-company stocks picked up 17.87 points, or 1.2%, to 1,523.30.

The Associated Press