Latest Adobe Systems Inc News

Asian stocks follow Wall Street lower on trade war fears

Jul. 17, 2019 11:46 PM EDT

BEIJING (AP) — Asian stock markets on Thursday followed Wall Street lower after President Donald Trump reignited trade fears by saying he could impose more tariffs on Chinese imports. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all declined. Oil rebounded from the previous day's losses. Trump...

Retail rivals crash Amazon's Prime Day party

Jul. 16, 2019 1:05 PM EDT

NEW YORK (AP) — The gravitational pull of Amazon Prime Day is so strong on shoppers it's benefiting other retailers as well, according to an early analysis from a key data group. On Monday, the first day of its 48-hour sales event, large retailers, those that generated annual revenue of at least a billion...

Markets Right Now: Stocks drop on economic worries

Jun. 25, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Tuesday with technology and communications stocks leading the declines. Reports showing a drop in consumer confidence and weakness in the housing market, plus some cautionary...

Asian shares gain, Shanghai up 2.6%, on Fed rate cut talk

Jun. 20, 2019 12:43 AM EDT

BANGKOK (AP) — Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it's prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. The Thursday tracked modest gains on Wall Street. The 10-year...

Adobe and Viacom rise while NCR and Rio Tinto fall

Jun. 19, 2019 4:35 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Adobe Systems Inc., up $14.43 to $291.21 The software maker's second quarter profit and revenue beat Wall Street forecasts. United States Steel Corp., up 59 cents to $15.17 The steel producer took action to offset lower prices...

US stock indexes end mixed; Nasdaq slumps on big tech slide

Jun. 3, 2019 5:41 PM EDT

Major U.S. stock indexes ended mostly lower Monday amid signs that the Trump administration is laying the groundwork to ratchet up scrutiny on some of the market's biggest names: Apple, Facebook, Amazon and Google. Google's parent Alphabet lost 6.1% and Facebook sank 7.5%. Apple shed 1% on the day that the iPhone...

Young homebuyers scramble as prices rise faster than incomes

May. 25, 2019 2:59 PM EDT

SALT LAKE CITY (AP) — For millennials looking to buy their first home, the hunt feels like a race against the clock. In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of...