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Business News Headlines

Consumer spending jumps; monthly inflation rebounds

U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.

New Russian jet heralds carbon manufacturing shake-up

Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.

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Trump again urges Senate to loosen rules, push healthcare and tax reforms

WASHINGTON U.S. President Donald Trump, in a tweet on Tuesday, reiterated his call for the U.S. Senate to loosen its rules to make it easier to pass legislation by simple majority, and urged lawmakers to pass healthcare and tax overhauls.