Advertisement Adobe reports record $7.9 billion in online spending on Black Friday so far, up 8.2% from 2023.Adobe expects final online Black Friday numbers to be between $10.7 and $11 billion.Inflation and high credit card debt make consumers cautious, yet spending remains resilient.Americans continued to spend on Black Friday after strong Thanksgiving sales numbers, even despite inflation concerns.Adobe's initial Black Friday e-commerce data reveals consumers spent $7.9 billion online this Black Friday t ...

Toshkent, Uzbekistan, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Exciting news for all video editing enthusiasts! VSDC Video Editor has just released its 9.3 update and we are sure, it’s something you won’t want to miss! With all the existing features that have already made it a favorite: free access to a completely full range of tools and effects, a comprehensive set of features like color correction, chroma keying, the masking tool and AI-powered segmentation, an intuitive interface, optimized performance for smoo ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Adobe Systems (ADBE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Adobe currently has an avera ...

Adobe (ADBE) shares have declined 19.4% in the trailing 12 months, underperforming the broader Zacks Computer & Technology sector’s return of 32.9% and the Zacks Computer Software industry’s appreciation of 16.9%. ADBE suffers from a challenging macroeconomic environment, which has negatively impacted the Digital Media segment, and intensifying competition in the generative AI (Gen AI) space.However, Adobe’s prospects are expected to benefit from a strong demand for its creative products. Its Creative Cloud ...

U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large section of financial pandits, who indiscriminately warned of overvaluation. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 14.7%, 24.8%, and 28.6%, respectively. Despite this strong northbound movement, a long list of stocks significantly lagged this ...

The latest trading session saw Adobe Systems (ADBE) ending at $499.51, denoting a -0.77% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.39%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.6%.The software maker's shares have seen an increase of 1.71% over the last month, surpassing the Computer and Technology sector's gain of 0.59% and the S&P 500's gain of 1.06%.Investors will be eagerly watching for the perf ...

U.S. stock markets, in all likelihood, are set to close a solid 2024 after an impressive 2023. Although most of the rally has been driven by an unprecedented adoption of generative artificial intelligence (AI) technology across the world, cyclical sectors, such as industrials, financials, consumer discretionary and utilities have also taken part. The bull run is expected to continue in the near future supported by a resilient U.S. economy, a declining inflation rate, solid earnings results, and the Fed’s re ...

The post-election rally of Wall Street after Donald Trump became President for the second term, has evaporated. As the initial euphoria of market participants is over, investors are assessing the pros and cons of Trump’s economic policies, such as the imposition of tariffs, reduction of corporate taxes, deregulation of corporate America and their impact on inflation.The technology sector is also concerned about Trump’s tariffs on high-end chipsets, the future of the $52.5 billion Chips and Science Act and t ...

Growth at a reasonable price, or GARP, is an excellent strategy to earn quick investment profits. The GARP approach helps identify stocks priced below the market or any suitable target determined by a fundamental analysis.The strategy helps investors gain exposure to stocks with impressive prospects and trading at a discount. GARP stocks have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and other metrics.A portfolio based on the GARP strategy comprises stocks that offer the best ...

The astonishing rally in U.S. stocks that started at the beginning of 2023 was predominantly driven by the technology sector. The prime factor was the unprecedented adoption of generative artificial intelligence (AI) technology worldwide.Lately, a section of market analysts and financial researchers have raised concerns about the potential profitability of massive investments in generative AI by several technology giants. We believe that AI applications will continue to gather pace in the coming years, buoy ...