C&E Executive News Filter

Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company.

Adobe beat revenue and profit expectations and announced the same day that it would acquire a smaller but faster-growing rival in online design collaboration tools. The stock market rewarded the company by driving down its ADBE shares, -3.12% to the lowest level in almost three years. Investors punished the company not for its earnings report, …

Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company. Read More »

Google randomly sent him $250K. This is what happened next.

A self-proclaimed hacker was randomly paid nearly $250,000 by Google. He was confused by the payment. On Tuesday, Sam Curry tweeted about Alphabet Inc.’s mysterious GOOGL payment, -0.88% Google. “It’s been just over 3 weeks since Google randomly sent me $249,999 and I still haven’t heard anything about the support ticket. Is there a way …

Google randomly sent him $250K. This is what happened next. Read More »

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout Read More »