Finance
- Gap posts surprise profit on Banana Republic boost; withdraws forecasts, article with imageRetail & Consumer ·
August 25, 2022 Gap Inc reported a surprise quarterly profit on Thursday on demand for dressier clothes at its Banana Republic brand, while an inventory glut and weak sales of outdated clothes prompted it to withdraw annual forecasts.
- MarketsNorway wealth fund CEO: unprecedented level of turmoil, inflation, geopolitical problems
The chief executive of Norway's $1.2 trillion sovereign wealth fund said on Tuesday the fund was witnessing more turmoil, accelerating inflation and geopolitical problems than it had ever seen before.