Latest Business News
Amazon Closes All Amazon Fresh and Go Grocery Stores
Amazon is shutting down about 70 Amazon-branded grocery stores, including 57 Fresh supermarkets and 15 Go convenience shops, citing no viable economic model for expansion. The company plans to convert some locations to Whole Foods Market and has previously closed other physical chains like Amazon 4-star.
This marks another retreat from brick-and-mortar retail.
Claire's Enters Second UK Restructuring
US retailer Claire's has entered financial administration in the UK for the second time in six months due to tax policy pressures. Landlords aim to reclaim some of its approximately 150 stores in the UK and Ireland.
The process mirrors US bankruptcy proceedings.
Brookfield Buys Iconic Paris BHV Retail Property
Brookfield Asset Management acquired the prominent BHV building in Paris from Galeries Lafayette for about €300 million. The deal concludes a three-year process to determine the property's fate.
This strengthens Brookfield's presence in French retail real estate.
Apple Q1 Earnings Preview: Focus on iPhone Demand and China
Apple reports fiscal Q1 earnings on January 29, 2026, with expected revenue of $39.38 billion, up 8.4% year-over-year. Investors watch iPhone sales, services growth, and performance in China amid competition from Huawei and others.
Commentary on AI and supply chain diversification is anticipated.
IMF Projects Steady Global Growth at 3.3% for 2026
The IMF forecasts global growth at 3.3% in 2026 and 3.2% in 2027 amid divergent forces and AI productivity risks. US growth revised up to 2.4% supported by fiscal policy; euro area to moderate to 0.7%.
Trade tensions eased with tariff truces.
Hungarian Hoteliers Benefit from Rising Tourism
Hungary's hotel sector saw gains in 2025 from low pricing, Budapest popularity, and non-EU visitors. Future growth depends on balancing affordability with costs beyond Budapest.
Currency and regional issues hinder full recovery.
Bank of Canada Holds Rate at 2.25%, Real Estate Seeks Stability
Real estate professionals welcome the Bank of Canada's steady policy rate amid slower growth and trade uncertainty. Borrowing costs remain stable, supporting market adjustment.
Professionals anticipate ongoing economic challenges.
Snout Raises $110M for Pet Wellness Membership Model
Pet startup Snout secured $10M Series A equity from Footwork and $100M debt from Clear Haven. The model defrays rising vet bills at about $65 monthly average.
It addresses surging pet care costs.
SAP CEO Predicts Voice Over Typing in AI Era
SAP's Christian Klein envisions AI making keyboards obsolete with voice commands dominant. This shift highlights applied AI's transformative potential.
Voice interfaces will redefine enterprise software interaction.
Fortune 500 CEOs Shift to Results-Focused Reviews
Leaders like Zuckerberg, Fraser, and Jassy revamp performance evaluations emphasizing tangible outcomes over effort. This signals a broader management trend toward accountability.
CEOs demand measurable results in uncertain times.
Pre-Market Earnings: MA, CAT, TMO, HON, LMT and More
Companies including Mastercard (MA), Caterpillar (CAT), Thermo Fisher (TMO), Honeywell (HON), and Lockheed Martin (LMT) report before market open on January 29. Many show strong earnings beats and favorable P/E ratios versus peers.
Investors eye Q4 2025 results amid sector growth outlooks.
Hyatt Transforms into Luxury Hospitality Network
CEO Mark Hoplamazian repositioned Hyatt from real estate-heavy to a brand-focused network like Berkshire Hathaway for hotels. This high-end makeover boosts efficiency and scalability.
Hyatt emphasizes luxury brands over property ownership.