Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.
Wall Street rises and pulls close to its record
SUMMARY: U.S. stock indexes are rising, and trading seems to be calmer following last week's roller-coaster ride. The S&P 500 climbed 0.7% Monday and got back within 1% of its all-time high set earlier this month. The Dow Jones Industrial Average added 208 points, and the Nasdaq composite gained 0.9%. Bank stocks drifted higher, recovering some of their losses after a couple raised alarm bells last week by warning about potentially bad loans they've made. Several big-name companies will be delivering their latest results this week, including Coca-Cola, Tesla and Procter & Gamble. Stock indexes also climbed across much of Europe and Asia.
WORDS: 708 - MOVED: 10/19/2025 11:45 p.m. EDT
https://newsroom.ap.org/detail/WallStreetrisesandpullsclosetoitsrecord/dcb8d28227c71f8bf0d565e910b73972/text___
China's economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand
SUMMARY: China has reported that its economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2% pace of growth in the previous quarter. In January-September, the world's second largest economy grew at a 5.2% annual pace. Despite U.S. President Donald Trump's higher tariffs on imports from China, the country's exports have remained relatively strong as companies shifted their sales to other world markets.
WORDS: 416 - MOVED: 10/19/2025 10:24 p.m. EDT
https://newsroom.ap.org/detail/ChinaseconomyslowstoannualgrowthinJulySeptemberhitbytariffsandslackdemand/0e89af9f6b36094a768f5426a43b5db6/text___
Kering sells beauty division to L'Oreal and says the companies will collaborate on wellness products
SUMMARY: French luxury goods company Kering said Sunday it is selling its beauty division to L'Oreal for 4 billion euros ($4.66 billion). Under the agreement, Clichy, France-based L'Oreal will acquire the House of Creed high-end fragrance company as well as licenses to create beauty and fragrance products for Kering brands like Gucci, Bottega Veneta and Balenciaga. Kering and L'Oréal said they are also exploring joint business opportunities in the wellness and longevity market. L'Oreal previously acquired the beauty license for Kering's Yves Saint Laurent brand in 2008.
WORDS: 269 - MOVED: 10/19/2025 8:10 p.m. EDT
https://newsroom.ap.org/detail/KeringsellsbeautydivisiontoLOrealandsaysthecompanieswillcollaborateonwellnessproducts/19de16afc81430f137e934817b709f46/text___
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