Bloomberg Bank of America Corp. (BofA) is starting to see consumer spending edge higher after plunging with the start of the coronavirus lockdown. The nascent increase, which follows a 30% drop, is showing up as consumers buy more groceries, restaurant meals, clothing and gasoline, Chief Executive Officer Brian Moynihan said in an interview on CNBC. US aggregate spending averaged about ...

Bloomberg Calogero Lo Vetro couldn’t wait to get back to work, describing the scene he saw on his return as “something from a sci-fi movie,” with health monitors decked out like space men checking staff at Fiat Chrysler Automobiles NV’s Mirafiori plant during its preliminary reopening. Lo Vetro, a quality-control officer at the Turin area factory whose models include Fiat’s ...

Bloomberg North Korean troops fired at their South Korean counterparts on Sunday in the demilitarised zone that divides the two countries, a move that comes as its leader Kim Jong-un reappeared in public following an unexplained three-week absence. North Korea fired “several times” at a South Korean military guard post at about 7:41 am, and was met with retaliatory shots ...