markets

Matt Phillips6/13/25

Adobe posts solid quarter, but market doubts its AI optimism

Adobe’s fiscal Q2 profit and revenue were both better than expected and the company lifted its full-year sales and earnings guidance, but the stock is still down a fairly gnarly 7% in early trading.

Wall Street clearly wants to know if Adobe’s efforts to embed generative-AI offerings into its software packages can actually generate additional sales and profits. But the takeaway from Adobe’s numbers — released yesterday after the close — is essentially TBD.

On the bright side, today’s tumble in Adobe shares is only half the roughly 14% plunge that the company experienced after its two previous quarterly reports in December and March. So I guess that’s progress?

Adobe Keeps Pivoting as AI Transforms Customer Needs

Adobe Keeps Pivoting as AI Transforms Customer Needs

On the bright side, today’s tumble in Adobe shares is only half the roughly 14% plunge that the company experienced after its two previous quarterly reports in December and March. So I guess that’s progress?

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Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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