News

Shares of fashion conglomerate PVH (NYSE:PVH) jumped 18.7% in the morning session after the company reported impressive fourth quarter 2024 results, with sales and earnings exceeding Wall Street's expectations. In North America, sales remained steady, supported by the benefit of earlier wholesale shipments. Meanwhile, European sales declined as planned, reflecting the company's deliberate strategy to prioritize quality over volume.

U.S. equities rose at midday as investors anticipated tomorrow's tariffs announced by the White House won't be as tough as anticipated.

Airline stocks slumped Tuesday after Jefferies analysts lowered their ratings for three of the four major U.S. carriers, writing “consumer sentiment continues to disappoint.”

Progress Software shares jumped Tuesday, a day after the firm reported strong annualized recurring revenue and net retention rate.

Employers posted 7.6 million job openings in February, a sign that that the job market is slowing but remains healthy. Layoffs of federal workers hit the highest level since the COVID-19 pandemic slammed the economy in 2020, as Elon Musk's job cuts start to show up in national jobs data. The number of vacancies fell slightly from a revised 7.8 million in January and from a 8.4 million a year earlier, the Labor Department reported Tuesday.

Tommy Hilfiger and Calvin Klein owner PVH beat profit and sales forecasts on success of its long-term strategy.

Ulta upgraded, Kroger downgraded: Wall Street's top analyst calls