Bloomberg Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the US economy may get less help from households this quarter, Commerce Department figures showed on Tuesday. June marked a third straight month of slowing nominal spending. A weaker handoff into this quarter signals household outlays, which accounts for about 70 percent ...

Bloomberg Ferrari NV is considering adding a roomy four-seat “utility vehicle” as part of a major expansion push beyond its traditional supercar niche in a bid to double profit by 2022, people familiar with the matter said. The final five-year plan under CEO Chief Executive Officer Sergio Marchionne, who’s set to retire in 2021, will target boosting annual deliveries beyond ...

Bloomberg Britons needn’t worry that they’ll be hit by the scorching summer blazing across Spain, Italy and the Czech Republic. The UK, northern France, Germany and the Baltic States can expect a cooler-than-average August, according to five meteorologists surveyed by Bloomberg. The rest of the mainland will likely continue to be hotter than normal, with record-high temperatures seen in some ...