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NEW YORK — U.S. stocks tiptoed to more records Dec. 3 amid a mixed trading session, tacking a touch more onto what's already been a stellar year so far. The S&P 500 edged up by less than 0.1 percent on Tuesday, to set an all-time high for the 55th time this year. It's climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 0.2 percent, while the Nasdaq composite added 0.4 percent to its own record set a day earlier. AT&T rose 4.6 percent after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. The key economic event this week arrives Friday with the release of the monthly jobs report. DOVER, Del. — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk's multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick this week denied a request by attorneys for Musk and Tesla's directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk's 2018 compensation package. McCormick concluded in January that Musk engineered the pay deal in sham negotiations with directors who were not independent. Shareholders then met in June and ratified the package for a second time. Musk plans to appeal. NEW YORK — Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about 5 percent under a long-term strategy "to strengthen" its impact, which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics. A 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to affect about 8,000 workers. As a privately held company, Cargill doesn't regularly publish its finances publicly. In a 2024 report, the company noted that it operates in 70 countries and sells to 125 markets — raking in $160 billion in annual revenue, down from $177 billion for the prior year. NEW YORK — BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients. The transaction includes equity issued by a subsidiary, and that the equity can be exchanged on a one-for-one basis into BlackRock common stock. The company said the transaction creates an integrated private credit franchise with approximately $220 billion in client assets. HPS has approximately $148 billion in client assets and is an independent provider of private credit for insurance clients. BlackRock said that the acquisition of HPS will position it to be a full-service, fiduciary provider of public-private asset management and technology solutions for insurance clients. The transaction is expected to close mid-2025. WASHINGTON — The number of job postings in the United States rebounded in October from a 31⁄2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5 percent to 7.7 million, the Labor Department said Dec. 3. The increase suggests that job gains could pick up in the coming months. Still, the latest figure is down significantly from 8.7 million job postings a year ago. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant and hotel and information technology industries. The number of people quitting their jobs rose in October, a sign of confidence in the job market. And layoffs tumbled to just 1.6 million — below the lowest figures in the two decades that preceded the 2020 pandemic. Taken as a whole, Tuesday's figures suggest that the job market might be stabilizing at a modest level, with hiring moderate but layoffs uncommonly low. The unemployment rate is at a low 4.1 percent, even though job gains slowed sharply in October, reflecting mainly the impact of hurricanes and a strike at Boeing Co. BANGKOK — China has announced a ban on exports to the United States of gallium, germanium and other key high-tech materials with potential military applications. The Chinese Commerce Ministry announced the move after the Washington expanded its list of Chinese companies subject to export controls on computer chip-making equipment, software and high-bandwidth memory chips. Such chips are needed for advanced applications. Beijing earlier had required exporters to apply for licenses to send strategically important materials such as gallium, germanium and antimony to the U.S. The 140 companies newly included in the U.S. so-called “entity list” subject to export controls are nearly all based in China. WASHINGTON — The federal government has closed its investigation into an E. coli outbreak tied to McDonald’s Quarter Pounder hamburgers after determining there is no longer a safety risk. The outbreak began in October and sickened at least 104 people in 14 states, including 34 who were hospitalized, according to the U.S. Food and Drug Administration. One person in Colorado died and four others developed a potentially life-threatening kidney disease complication. The FDA linked the outbreak to yellow onions distributed by California-based Taylor Farms and served raw on Quarter Pounders at restaurants in Colorado, Kansas, Wyoming and other states. McDonald’s briefly pulled the burgers from one-fifth of its U.S. locations. HARRISBURG, Pa. — President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. Trump said during the campaign that he would "instantaneously" block the deal, and he reiterated that sentiment in a statement late Dec. 2. President Joe Biden also opposes Nippon Steel's purchase of Pittsburgh-based U.S. Steel. A secretive U.S. committee is reviewing the transaction for national security concerns, and federal law gives the president the power to block the transaction. Nippon Steel is pledging to invest in U.S. Steel's factories and strengthen the domestic industry. DETROIT — General Motors is adding more than 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park. The action includes certain 2024 Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks. They're being added to a February recall of 323,000 vehicles. Only trucks with a manual gate and power lock and release are affected. The company said in documents posted Dec. 2 that water can get into the electronic gate release switch, causing the gate to unlatch. Dealers will replace the exterior touch pad switch assemblies with new ones that are more resistant to water. Owners will be notified by letter starting on Jan. 13. HOUSTON — A proposed comeback for Enron, the Texas energy company that exemplified the worst in corporate fraud and greed in America after it went bankrupt in 2001, appears to be an elaborate joke. If its return is comedic, some former Enron employees who lost everything in the Houston company’s epic collapse aren’t laughing. They're angry at a publicity stunt they say minimizes what they went through. Enron was once the nation’s seventh-largest business, but it went bankrupt amid a massive accounting fraud. This week, a company representing itself under that name announced it was relaunching as a “company dedicated to solving the global energy crisis.” A paper trail of legal documents points to the comeback being parody and performance art.Colorado State won't forfeit MW volleyball final to San Jose StateElon Musk claimed that Jeff Bezos urged people to sell Tesla and SpaceX stock, predicting Donald Trump's election loss. Bezos responded by firmly denying the allegations, calling them “100% not true” in a rare X post. The ongoing feud between the billionaires continues to grab headlines. Tesla CEO Elon Musk was one of Donald Trump’s most vocal and visible supporters during the run-up to the U.S. presidential election. Following Trump’s victory, Musk was appointed head of the U.S. Department of Government Efficiency. Musk has now accused fellow billionaire Jeff Bezos of stating that Trump would lose the election, allegedly causing the stocks of Tesla and SpaceX to plummet. Jeff Bezos refuted these claims in his first X post since November 6, when he had broken a four-month silence to congratulate Trump. “Nope. 100% not true,” wrote the Amazon founder in response to Musk’s allegations.
PARIS (AP) — Striker Arnaud Kalimuendo scored a hat trick and Rennes got back to winning ways in Ligue 1 by thrashing 10-man Saint-Etienne 5-0 on Saturday. Meanwhile, leader Paris Saint-Germian dropped points at home when it drew with Nantes 1-1. Rennes coach Jorge Sampaoli's first win with his new team came in his second match in charge after he took over this month. Rennes had failed to score in more than a month and lost its three previous matches. The result lifted the host one point above Saint-Etienne. Visiting Saint-Etienne made things difficult for itself when Mathieu Cafaro, who hit the post earlier, was sent off for a handball in the box in the 37th minute. Kalimuendo put Rennes in the driving seat from the penalty spot two minutes later, and they returned to the locker room with a two-goal lead after Ludovic Blas, who was excellent throughout, found the net in added time. Kalimuendo added another goal with a nice finish and converted a second penalty to seal his first Ligue 1 hat trick. Amine Gouiri also scored. “We’re not going to say that everything clicked; we’re not going to get carried away. But it’s true that it feels good to win, to score a lot of goals, and to keep a clean sheet," Gouiri said. “However, we were helped by that red card. We need to enjoy this but not get ahead of ourselves. We have to build on the positives to keep going. It’s good for confidence." The fiery Sampaoli returned to French soccer following a previous stint with Marseille . Sampaoli was in charge of Argentina at the 2018 World Cup. He has also coached clubs in Peru, Ecuador, Chile, Spain and Brazil. Sampaoli abruptly left Marseille in July 2022 after leading the team back to the Champions League, over a disagreement related to the club’s transfers of players. PSG could not hold onto an early lead against Nantes at Parc des Princes. Achraf Hakimi put PSG in front early but the hosts were wasteful against a very defensive Nantes that leveled against the run of the play before the interval. Matthis Abline beat Gianluigi Donnarumma with a left-footed shot after dribbling past Willian Pacho. Donnarumma, who was dropped midweek during a 1-0 Champions League loss at Bayern Munich, made a reflex save near the hour mark to salvage the draw. Uninspired, Luis Enrique’s team remained unbeaten in the league, extending its lead over second-placed Monaco to seven points. The Principality side travels to third-placed Marseille on Sunday. Nantes remained 16th, the relegation playoff position. The Brittany side recovered from a 3-0 loss at Barcelona in the Champions League midweek by beating Strasbourg 3-1. The result snapped a three-match losing run in Ligue 1, and moved Brest to 10th place. AP soccer: https://apnews.com/hub/soccerAP News Summary at 10:21 a.m. EST