BLOOMBERG One of the biggest questions for investors over the past year has been when Americans will pull back on spending and trigger a recession. In the fourth quarter, that didn’t happen as retailers and brands exceeded expectations. But their results and forecasts raised a bunch of red flags for the year ahead. After the highest inflation in a generation, ...

BLOOMBERG Amazon.com Inc is closing eight cashierless Amazon Go locations in Seattle, New York and San Francisco, marking the e-commerce giant’s latest round of cost-cutting amid slowing sales growth. The affected stores will remain open until April 1, the company said. “Like any physical retailer, we periodically assess our portfolio of stores and make optimisation decisions along the way,” Amazon ...

BLOOMBERG Deutsche Lufthansa AG joined major European airline companies in predicting an earnings boost this year as travel demand continues to swing back from the coronavirus pandemic. The region’s biggest airline group said it expects a “significant improvement” on the €1.5 billion ($1.6 billion) adjusted earnings before interest and taxes result it reported for 2022. Summer vacations to Mediterranean countries ...