Funding & Business
Adobe Results Risk Cementing AI Laggard Status as Stock Slides
Investors who have watched shares in Adobe Inc. get left behind in the AI craze have little reason for optimism ahead of the software maker’s latest quarterly results.
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Deutsche Bank sees shares of Federal National Mortgage Association and Federal Home Loan Mortgage Corp. gaining further on expectations the mortgage giants will possibly be released from government control in the near future.
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Underlying US inflation rose as expected in August, as the core consumer price index increased 0.3% from July. Initial jobless claims rose by 27,000 to 263,000 in the week ended Sept. 6, the highest level in almost four years. Michael McKee reports on Bloomberg Television.
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Treasuries oscillated with yields ultimately pushing lower as readings on consumer prices and the labor market left intact the prospect of Federal Reserve cuts next week.
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