Natural Gas/Oil Exploration

These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

Leave a Comment / Business / By

Another tough week for US equities ended with oil producer stocks falling and Ford Motor Co. falling on concerns about supply shortages. The S&P 500 SPX fell 1.7% on Friday for a 4.6% drop over the week as investors continued to worry about interest rate hikes from the Federal Reserve to temper inflation. Among the …

These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market Read More »

Adobe's stock has come under fire for spending $20 billion on Figma. But he now owns a rare business.

Adobe’s stock has come under fire for spending $20 billion on Figma. But he now owns a rare business.

Leave a Comment / Business / By

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, …

Adobe’s stock has come under fire for spending $20 billion on Figma. But he now owns a rare business. Read More »