Adobe CEO Shantanu Narayen told CNBC’s Jim Cramer on Wednesday that his company’s proposed acquisition of design software firm Figma would benefit customers, even as regulators are scrutinizing the deal on concern that it may hurt competition. “We want to take the ability for what Figma has done with respect to creative collaborative software on … Read more
Shantanu Narayen, CEO, Adobe Linda Dimyan | CNBC Adobe shares dropped more than 6% in extended trading on Wednesday after the software maker posted a lighter-than-expected forecast for 2024. Here’s how the company did, compared with consensus estimates from LSEG, formerly known as Refinitiv: Earnings: $4.27 per share, adjusted, vs. $4.14 expected Revenue: $5.05 billion, … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. Brendan Mcdermid | Reuters U.S. stock futures were little changed Monday as investors await this week’s final Federal Reserve meeting of 2023 for any signals on when central bankers will begin to cut interest rates. … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s notable Wall Street action, telling them to pay attention to the Federal Reserve’s policy meeting that kicks off Wednesday. Cramer said Wall Street “dodged a bullet” today when the government released November’s nonfarm payroll report, which showed a lower unemployment rate than expected and strong … Read more
Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative AI technology. SAIGroup Billionaire Silicon Valley technology leader Romesh Wadhwani recently celebrated his 75th birthday with 100 friends, reminiscing about many career milestones and only wishing he were 20 years younger in a new, fast-moving … Read more
My top 10 things to watch Monday, Dec. 4 1. U.S. stocks are lower in premarket trading, with S & P 500 futures down 0.54%. The move comes after five-straight weeks of gains for equities — and here’s how I make sense of the tremendous rally we’ve seen. Meanwhile, bond yields pull back, with that … Read more
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