Bloomberg US consumer spending rose in April by the most in five months and inflation held at the Federal Reserve’s target, adding to signs of solid economic growth that support the central bank’s plan for gradual interest-rate hikes. Purchases, which account for about 70 percent of the economy, increased 0.6 percent from the prior month, topping forecasts, after a 0.5 ...

Bloomberg Three days after being sworn in, Italy’s new populist government is preparing for one final hurdle before it sets about trying to overhaul European Union rules and the established order: a confidence vote in both houses of parliament. Parliamentary approval will be sought this week for the 18-member cabinet of Prime Minister Giuseppe Conte, a 53-year-old law professor with ...

Bloomberg Donald Trump and Special Counsel Robert Mueller may be headed towards a Supreme Court battle that could test once and for all how much a president is above the law. Trump’s legal team and Mueller’s prosecutors have been jockeying over a presidential subpoena after months of negotiations have yet to bring them to an agreement over terms of an ...