Avie Schneider

The labor market continues to get stronger and the economy is growing at a solid rate, the Federal Reserve said. The central bank also said it will be patient as it decides on future rate increases.

Bogle, the founder of Vanguard who created the first index mutual fund, died Wednesday, the firm said. He said investors should own a mix of bonds and stocks but shouldn't pay managers to pick them.

Apple cut billions from its revenue estimates amid slower sales in China. In August, Apple became the first private sector company worth $1 trillion, but its stock is down more than 30 percent.

Ignoring pressure from President Trump to keep the oil flowing, OPEC, Russia and other producers have agreed to cut production. They hope to stem a 30 percent drop in oil prices in recent weeks.

The jobless rate remained the lowest in nearly 50 years last month as employers added fewer jobs than expected. Meanwhile, wages grew 3.1 percent over the past 12 months, the same as in October.

The hotel giant said information on up to 500 million customers worldwide was exposed in a breach of its Starwood reservation database. The data includes dates of birth and passport numbers.

With Apple doing away with the ubiquitous headphone jack on its new iPhones, lots of people are puzzled about how they'll be able to charge their phones and listen to wired headphones simultaneously.