Image: Vodafone. Vodafone, the telecoms giant and one of Britain's biggest tech firms, may move its headquarters out of the UK following the country's vote to leave the EU.
WASHINGTON—Consumer spending climbed in May, suggesting a key pillar of the U.S. economy has bounced back after a lackluster start to the year.
Apartment rents are still surging but some relief is in sight. Average U.S. rent rose 0.4% in May, matching the record high, according to consumer price index data released this month, the 67th consecutive month of increases.
SEOUL, South Korea - South Korea's government lowered growth outlook for Asia's fourth-largest economy and planned a supplementary budget for a second year in a row as the global economy faces heightened uncertainty.
Novartis' (NYSE:NVS) move into bispecific antibodies has given Xencor, a low-key US biotech that until now was best known for technology alliances, its biggest windfall yet.