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Bloomberg The average American household will have $440 less to spend this year due to rising pump prices, putting at risk one-third of the windfall they got from tax cuts. Strong oil prices drove the cost of US gasoline to the highest level in more than three years last month, according to AAA, and pump prices are now 27 percent ...

Bloomberg Evidence of new efforts by Kim Jong-un to expand his nuclear arsenal underscore the challenge facing US President Donald Trump three weeks after declaring that North Korea was “ no longer a nuclear threat.” Several reports released in recent days suggest that Kim continued to ramp up his weapons production — rather than prepare to disarm — in the ...

Bloomberg Chancellor Angela Merkel told lawmakers in her party bloc she senses a willingness to halt a feud over migration policy that’s tearing at the seams of Germany’s governing coalition. Merkel made the remark to a closed-door meeting in Berlin on Monday where her caucus leader, Volker Kauder, said he’s convinced a compromise will be found by the end of ...

Bloomberg Andres Manuel Lopez Obrador was elected as Mexico’s first left-wing president in recent times, riding a public revolt against rampant crime, corruption and poverty and handing a crushing defeat to the business-friendly parties who’ve run the country for decades. The peso dropped. The earliest figures announced by the electoral board gave Lopez Obrador 53 percent of the vote. Ricardo ...

Bloomberg This could be a deadly month for Theresa May. Unpopular at home and in Brussels, the British leader will try to restore order with a Cabinet lock-in at her country estate that’s been dubbed the body bag summit. May’s aim is to force a decision on how dramatic a split to seek from the European Union. Businesses want the ...

Bloomberg Bickering within Zimbabwe’s opposition alliance is weakening its chances of ousting the ruling party in this month’s elections, the southern African nation’s first since Robert Mugabe ended his 37-year rule in November. The High Court is hearing a case brought by Thokozani Khupe, former vice president of the main opposition group, the Movement for Democratic Change, that she and ...

Bloomberg US stocks were lower but regained some of their early losses, as investors assessed fears of increasing trade tensions around the world. The dollar climbed, roiling emerging markets, while oil retreated from its highest level since 2014 following President Donald Trump’s call for Saudi Arabia to increase production. The S&P 500 Index was down roughly 0.3 percent after falling ...

Bloomberg Bitcoin jumped on Monday, giving a positive jolt to a digital-coin market that had lost about half of its value since early May. The largest cryptocurrency climbed 7.3 percent to $6,328 from June 28, heading to its biggest one-day increase since April, according to composite prices compiled by Bloomberg in New York. The token’s largest peers — Ripple, Ethereum ...

Bloomberg Dell Technologies Inc, the world’s largest private technology company, announced plans to trade publicly again, entering a new stage of a multi-year turnaround plan. The tech giant will return to public markets by subsuming its tracking stock, DVMT, in a cash and share-swap deal, Round Rock, Texas-based Dell said in a filing on Monday. The shares, currently worth about ...

Bloomberg UK manufacturing growth held steady in June, providing some modestly good news at the end of the worst quarter for the sector since the end of 2016. IHS Markit’s Purchasing Managers Index for the industry stood at 54.4 in June, up from a revised 54.3 in May and beating economists’ estimates for a drop. The average reading for the ...