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Adobe’s stock has slumped, but its AI capabilities have potential
Adobe (NASDAQ: ADBE), the content creation company famous for its Photoshop and Acrobat products, is making a hard push into artificial intelligence. So far the stock market isn’t giving the company much credit for that. The stock has tumbled 36% over the past 12 months, despite buoyant earnings. Sales surged 11% to $5.87 billion in […]
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Spotify stumbles, but may come back strong
Spotify Technology (NYSE: SPOT) shares took a 12% dive Tuesday, after a disappointing earnings report for the world’s biggest music-streaming platform. But its future still appears bright, with plenty of room for Sweden-based Spotify to expand. The stock is still up 96% over the past 12 months and has rebounded 5.3% from Tuesday. As for […]
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Walmart’s AI strategy could produce growth
Walmart (NYSE: WMT) is taking steps to ensure it can beat its competitors in the number of products it can offer customers. The retail giant’s latest strategy uses more artificial intelligence in its operations. Walmart recently hired Daniel Danker to serve as its head of global AI acceleration, product and design. Danker’s expertise in product […]
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Citigroup shines among banks; will it continue?
Citigroup (NYSE: C) is a company on the move, as its restructuring continues to take hold. The question now is whether the third-largest U.S. bank can continue its momentum. Citi’s stock has soared 34.7% so far this year, far above the 8.6% rally for the S&P 500 and the 14.3% gain for the KBW Nasdaq […]
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Why NBCU is looking to start a sports channel
In a reminder of the importance of sports programing for big broadcast media companies, Comcast’s (NASDAQ: CMCSA) NBCUniversal is discussing launching a sports cable network. That news came from Wall Street Journal sources Thursday. The network would mainly be a vehicle for sports content that is also streamed on NBCU’s Peacock services. Cable and satellite […]
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Neutral rate is what may matter most at Fed’s meeting
As the Federal Reserve prepares to meet this week, financial markets are abuzz with talk about GDP, employment and labor numbers. But these may not be the key data for the Fed’s interest-rate decision. Rather it may be the neutral federal funds rate. The fed funds rate is set by the Fed and helps dictate […]
