Bloomberg Kohl’s, under pressure by activist investors, gave an optimistic outlook for the year while reporting weaker-than-expected sales in the fourth quarter. The company is expanding its venture with cosmetics chain Sephora after a shop-in-shop concept drove higher sales at participating locations. Kohl’s executives added on a call with analysts that Sephora is attracting new customers who are younger …

  Bloomberg Stocks reversed early gains on Thursday. Europe’s Stoxx 600 Index was slightly lower and most US futures slipped. Utilities led declines, while mining and energy stocks advanced as oil soared to the highest level since 2008. Commodities markets from metals to oil and gas have been upended by the Ukraine crisis as big corporates withdraw from Russia, lenders …

  Bloomberg The Hong Kong dollar is poised for steeper losses as impending Federal Reserve rate hikes exacerbate capital outflows triggered by the deadliest Covid outbreak in the city. The currency extended its drop to the lowest in more than two years and option-implied volatility indicates a 32% probability that it could fall to the weak end of its 7.75-7.85 …