Bloomberg UK economic activity accelerated at the fastest pace in seven years this month, providing more signs of a strong rebound as the government began allowing stores and restaurants to reopen. A survey of purchasing managers rise in April to its highest level since 2013, and retail sales in March grew the most in nine months. Both indicators beat economist’s ...

Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate in the prior month, government data showed. The figure exceeded ...

Bloomberg Intel Corp., the biggest chipmaker, falls the most in three months after reporting a drop in data center revenue and a steep decline in gross profit margin, a sign it’s losing market share to rivals and customers who are designing their own components. The PC business performed better on continued demand for laptops that run Intel processors. But the ...