Bloomberg J Sainsbury Plc raised its profit forecast following strong Christmas sales, defying concern that supply chain problems and a surge of Omicron infections would hit demand over the festive period. Britain’s second-largest grocer said Wednesday earnings have been boosted by cost cuts, and as it matched prices of discounter Aldi on many products to attract shoppers who celebrated ...

  Bloomberg Wall Street is keeping its faith in Amazon.com Inc., the only megacap technology stock with unanimous analyst buy ratings, even after the e-commerce giant lagged behind its peers by a huge margin for the past 18 months. Morgan Stanley grew more optimistic on the shares after their worst annual performance since 2014, raising its price target Monday and ...

  Bloomberg China is urging consumers to boycott a promotion offered by KFC and toy retailer Pop Mart International Group Ltd., saying it encourages food waste— the latest example of a foreign brand running into trouble in the world’s second-largest economy. The China Consumers Association said in a statement Wednesday that one person bought 106 meals, spending nearly 10,500 yuan ...