Daily LInks
1. U.S. retail sales unchanged; consumers showing resilience: Consumers are not rolling over yet, with a report from the Commerce Department showing a measure of underlying retail sales rising last month, thanks to strong wage gains and savings. – Read More on Reuters
2. Low-Price Apparel Chains Lure Inflation-Weary Shoppers: The land grab is raising the stakes for such retailers as Gap Inc. and Macy’s as they grapple with inflation-hit customers and uncertainty around consumer spending. – Read More on the WSJ
3. Legal dispute over EU’s green label for nuclear, gas could last over 2 years: “Our goal is to prevent greenwashing and to help investors identify economic activities in line with our environmental and climate objectives,” a commission spokesperson said. – Read More on S&P Global
4. “Mark Zuckerberg is telling us he doesn’t think he has a core business.” Meta spent $10 billion in 2021 in early efforts to build the metaverse and Zuckerberg informed shareholders in 2022 that the company will continue spending heavily to create the metaverse and will bleed money for 3-5 years. – Read More on Yahoo
5. ASOS in talks with lenders to amend terms of $391 million facility: The retailer said the move would give it significantly increased financial flexibility, against an uncertain economic backdrop. – Read More on Reuters
