Bloomberg Procter & Gamble Co (P&G) sold fewer household staples than expected last quarter as consumers grew more cautious about higher prices. The total volume of goods sold fell 6% in the three months ended in December, worse than the 2.6% that analysts had estimated. Chief Financial Officer Andre Schulten said consumers are using up the products in their ...

  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, ...