President Donald Trump’s administration has agreed to a yearlong delay of a sanctions framework that would have dramatically expanded the number of Chinese companies subject to US trade restrictions, part of a broader agreement that saw Beijing punt its latest escalation of rare-earth export controls.

Wall Street pumped the brakes on a furious stock rally after the Federal Reserve tempered expectations for a December rate cut and Meta Platforms Inc. tumbled 11% as the giant is taking on debt to fund its artificial-intelligence push.

Estée Lauder Cos.reported profit that surpassed Wall Street’s expectations, a sign the cosmetics company’s turnaround efforts are starting to pay off despite rising costs.

Stellantis NV said it expects one-time charges in the second half of the year as political, economic and regulatory pressures force the automaker into making strategic changes.

Luis García’s orchard is on the outskirts of Morelia, a city in the heart of central Mexico’s avocado belt, but its fortunes are tethered to consumers thousands of miles away in the US.

Mexico’s economy contracted slightly in the third quarter, a sign that President Claudia Sheinbaum’s plans to stimulate growth despite simmering trade tensions with the US are falling short, reigniting concern of a recession this year.