Business

The attorneys general for Maryland and the District of Columbia issued subpoenas for financial records and other documents from as many as 13 of President Trump’s private entities as part of an ongoing lawsuit alleging that his business violates the Constitution’s ban on gifts or payments from foreign governments. All of the documents — among them marketing materials targeted to foreign embassies, credit card receipts and restaurant reservation logs — relate to Trump’s D.C. hotel.

Meng Wanzhou, chief financial officer of Huawei Technologies, faces fraud charges in the United States related to business dealings with Iran, a Canadian prosecutor said, offering the first details of a case that has pummeled financial markets and raised questions about a trade truce between Beijing and Washington. Meng is alleged to have deceived financial institutions about the relationship between Huawei and SkyCom, a company that is widely believed to have close links to the tech giant. The case appears to center on sales of U.S.-manufactured technology to Iran by SkyCom, which is based in Hong Kong.

Marriott International, in the wake of a colossal data breach that compromised the sensitive personal information, including passport numbers, of hundreds of millions of guests, has agreed to pay for passport replacements if the company finds that customers have been victims of fraud.

Economy

U.S. jobs and wages rose by less than forecast in November while the unemployment rate held at the lowest in almost five decades, indicating some moderation in a still-healthy labor market. Non-farm payrolls increased by 155,000 after a downwardly revised 237,000 gain in the prior month. The jobless rate was unchanged at 3.7 percent in November, matching estimates.

Oil prices reversed their weeks-long decline after the Organization of the Petroleum Exporting Countries agreed it would cut production by 1.2 million barrels per day in an attempt to stem the global oversupply that has driven oil prices down by 30 percent in two months.

Washington

President Trump signed a short-term spending bill to avert a partial government shutdown, postponing a fight over his border wall proposal until just before Christmas.

Transitions

Global emissions of carbon dioxide are reaching the highest levels on record, scientists projected, in the latest evidence of the chasm between international goals for combating climate change and what countries are doing. Between 2014 and 2016, emissions remained largely flat, leading to hopes that the world was beginning to turn a corner. Those hopes appear to have been dashed. In 2017, global emissions grew 1.6 percent. The rise in 2018 is projected to be 2.7 percent.

The increase is being driven by a nearly 5 percent growth of emissions in China and more than 6 percent in India, researchers estimated, along with growth in many other nations. Emissions by the United States grew 2.5 percent, while those in the European Union declined by just under 1 percent.