Bloomberg US retail sales fell by the most in a year and business equipment production slumped, raising concerns that the economy is losing momentum under the weight of tighter Federal Reserve policy. The value of overall retail purchases broadly fall 1.1% in December after a downwardly revised 1% drop in the prior month, Commerce Department data showed. Separate figures ...

Bloomberg Cathay Pacific Airways Ltd. expects to report a larger-than-forecast loss in 2022 — around double what analysts were looking for — as the carrier claws its way back from Covid-19. Hong Kong’s main airline said in an exchange filing on Friday that it expects to report an annual net loss of between HK$6.4 billion ($817 million) to HK$7 billion, ...

  Bloomberg Richemont and Burberry Group Plc said consumer spending in China is already rebounding after three years of pandemic lockdowns and a virus surge that cost the luxury-goods makers almost a quarter of their sales there last quarter. Burberry Chief Financial Officer Julie Brown pointed to “very promising signs in January” in the key luxury market. A Richemont spokeswoman ...