Adobe Inc.
The 4 key things we’re watching in the stock market this holiday-shortened week
The Nasdaq Composite inched higher Friday to claim its fifth straight record close, as new data this past week showed a continued cooling of inflation and Treasury yields retreated. For the week: The tech-heavy Nasdaq gained 3.2%, while the S & P 500 rose 1.6% and the Dow Jones Industrial Average fell 0.5%. Economic updates […]
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Adobe shares surge 15%, head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates. After the bell on […]
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Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. RH — The luxury retailer plummeted 18.6% after reporting […]
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Stocks building the biggest moves premarket: Adobe, Hasbro, GameStop and extra
Test out the organizations producing headlines before the bell. GameStop — The meme inventory dipped 1.1% right after Keith Gill, recognised as “Roaring Kitty,” seemingly elevated his possession in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in dollars, according to a screenshot he posted to Reddit. Adobe — The […]
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A bunch of analysts cut price targets on these 3 stocks this week. Here’s why
Analysts have slashed price targets on three stocks from around the world over the past week: Adobe , France’s Remy Cointreau , and Israeli software provider NICE . Remy Cointreau and NICE shares are also traded in the U.S. CNBC Pro screened for global stocks that have had price target cuts from five or more […]
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Stock futures are little changed after S&P 500 posts fourth consecutive closing record: Live updates
NEW YORK, NEW YORK – JANUARY 22: Traders work on the floor of the New York Stock Exchange during afternoon trading on January 22, 2024 in New York City. The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue […]
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Adobe shares soar 15% on better-than-expected results
Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 15% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.48 adjusted, vs. $4.39 expected Revenue: $5.31 […]
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Nadella, Narayen among tech CEOs investing in cricket’s American dream
Cricket may not be as popular a sport in the U.S. as elsewhere in the world, but some high-profile CEOs and investors are trying to change that. As the Men’s T20 Cricket World Cup, co-hosted by the U.S. for the first time, ramps up, investors have pumped nearly a billion dollars into their American ambition. […]
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The super-rich are moving cash to one city, wealth manager says, revealing how they’re investing
The growth prospects of countries like India and South Korea have seen many investors and big-name banks turn bullish on emerging markets this year. One wealth manager, however, said his super-rich clients are focused elsewhere. “A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai,” Dhruba Jyoti Sengupta, CEO of Wrise Private Middle […]
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Embattled AI company Appen loses much more executives, months after Alphabet reduce ties
Rafael Henrique | Lightrocket | Getty Images Appen, the embattled synthetic intelligence business that at the time helped train AI types for tech giants such as Microsoft, Nvidia and Google, has misplaced its executives in demand of earnings and promoting. Andrew Ettinger, who was the Australian firm’s main profits officer, and Alicia Hale, who was […]
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