Bloomberg Economic growth held pace in France and accelerated in Spain to the fastest since 2017, easing pressure on the European Central Bank to ramp up stimulus for the euro region. French consumer spending, boosted by French President Emmanuel Macron’s tax cuts after the Yellow Vest protests, buoyed the euro area’s second-largest economy enough in the first quarter to repeat ...

Bloomberg General Electric Co. soared after revealing that it burned less cash to start to the year, boosting Chief Executive Officer Larry Culp’s effort to rejuvenate the ailing manufa- cturer amid a global slowdown in the power-equipment market. GE’s industrial businesses went through $1.22 billion in cash in the first quarter, the company said in a statement as it reported ...

Bloomberg Apple Inc. executives had a clear message for investors: Demand for iPhones has begun to recover from a bruising holiday period. The Cupertino, California-based company reported iPho-ne sales of $31 billion in the fiscal second quarter, slightly better than analysts expected. Apple’s projection for revenue in the current period also topped Wall Street estimates, and could result in the ...