By Samrhitha A (Reuters) – Adobe (NASDAQ:) Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker’s efforts to drive up demand with generative artificial intelligence (AI) integrations paid off. Shares of the San Jose, California-based company rose more than 5% in aftermarket trading.…

Key takeaways Shell has announced it’s boosting shareholder dividends by 15% next quarter and will make $5 billion in share buybacks in the second half of the year The move comes as Shell CEO Wael Sawan looks to reassure shareholders and Wall Street that the company deserves a higher valuation…

First Solar stock price jumped almost 3.5x from $56 at the end of 2019 to $193 currently, primarily due to favorable changes in its P/S multiple. However, the company’s revenues have actually declined between 2019 and 2022 as the company moved to reduce exposure to the solar power project development…

A Supreme Court decision on President Joe Biden’s sweeping student loan forgiveness initiative is imminent. A ruling has long been expected by the end of June, but the Court may be poised to release its opinion before then. Here’s the latest. Biden’s Student Loan Forgiveness Plan To Be Decided By…

A new report by CreditCards.com reveals which states have the highest and lowest credit card debt burdens and where consumers may find it easier or more difficult to pay off that debt based on their earnings. The report, released Tuesday, found that Mississippi ranked as the state where consumers have…

The federal government wasted an averge of $683 million per day in 2022, according to an analysis from spending watchdog Open the Books.  In 2022, 17 federal agencies reported $247 billion in estimated improper payments, averaging $20.5 billion of waste per month or about $683 million per day, according to…

The People’s Bank of China cut two more key lending rates on Tuesday for the first time in 10 months to prop up growth in the world’s second largest economy.The Chinese central bank cut the one-year loan prime rate by 10 basis points from 3.65% to 3.55%, and trimmed the…

Not a great setup. There are too many articles and postings about how we are overdoing artificial intelligence, and how there’s not enough substance to justify recent market moves. There’s no question that the market, particularly the Nasdaq , has rallied endlessly on what amounts to the same information: Nvidia…

Bad Bunny and some of the music industry’s biggest stars want a lawsuit that alleges copyright infringement of a 1989 song thrown out of court. Lawyers from Freundlich Law representing Benito Antonio Martinez Ocasio, known as the superstar Bad Bunny, filed a motion to dismiss the lawsuit Thursday, arguing the…

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