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PVH Corp., the parent company of Calvin Klein and Tommy Hilfiger, posted better than expected fourth quarter earnings, triggering a sharp rise in its stock price. The company reported adjusted earnings of $3.27 per share, exceeding analyst expectations of $3.21 per share. Despite a 5% drop in revenue to $2.372 billion, PVH surpassed market forecasts of $2.33 billion. Sales for Calvin Klein dipped 2%, while Tommy Hilfiger experienced...
Meta Platforms is undergoing a notable leadership change as Joelle Pineau, head of artificial intelligence research, prepares to leave the company. Pineau, who has been with Meta for eight years, has played a pivotal role in advancing AI research and has led the Fundamental AI Research (FAIR) group since 2023. She will officially step down on May 30, marking a transition in Meta’s AI strategy. Throughout her tenure,...
Inflation in the eurozone continued its downward trend in March, reaching 2.2 percent, according to data from Eurostat. This marks a slight decrease from 2.3 percent in February. The decline is primarily driven by lower prices for services and energy, which have become less expensive compared to the previous year. The European Central Bank (ECB) aims to maintain inflation at 2 percent, and with the current figures, that...
Volvo Cars has announced the reappointment of Hakan Samuelsson as CEO, effective April 1, 2025. Samuelsson, who previously led the company from 2012 to 2022, will succeed Jim Rowan, who is stepping down after a three year tenure. Samuelsson is set to serve a two-year term while the company searches for a long-term successor. Eric Li, Chairman of Volvo Cars, expressed confidence in Samuelsson’s leadership, citing his extensive...
Intel, a cornerstone of American semiconductor innovation, has entered a new chapter under the leadership of its recently appointed CEO, Lip Bu Tan. A veteran of the semiconductor industry, Tan faces the monumental task of revitalizing the company amidst mounting challenges and industry wide shifts. His journey to rebuild Intel offers a critical moment for the technology sector. Once synonymous with cutting edge chip technology, Intel has struggled...
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