Adobe’s shares fell 12% on Friday as the company’s lackluster quarterly forecast raised fears about strong competition and disappointed investors who were hoping for a boost from generative AI integrations.
Underlying inflation in central, eastern and southeastern Europe is stronger than in advanced economies, requiring many central banks in the region to maintain a tight monetary stance for longer than the European Central Bank, a top IMF official said.
The U.S. House of Representatives overwhelmingly passed a bill this week that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short video app, or face a ban, in the greatest threat to the app since the Trump administration.
The U.S. market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates.
As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a compromise between all-combustion and all-electric is a durable trend.
Advertisers who turn to TikTok to market to young consumers are preparing contingency plans with social media rivals in the event the short-form video app is sold or banned in the U.S., but they are waiting for signs of Senate action before shifting marketing budgets.
Futures tracking Wall Street’s main stock indexes were marginally higher on Friday after U.S. Treasury yields took a breather following a sharp rise in the last session, setting the indexes up for weekly advances.
McDonald’s said on Friday a technology outage had disrupted operations at many of its outlets worldwide, including Japan, UK and Australia, but ruled out the possibility of a cybersecurity incident.
