Twitter Shares Sink as COO Leaves, and Adobe on the Rise
Shares of the social media company fell as much as 4 percent after COO Anthony Noto said he was stepping down to take over as CEO of fintech start-up SoFi.
Plus Adobe raised its forecast for earnings this year, thanks to tax reform. The company saying a lower corporate tax rate will significantly boost results for the rest of 2018.
And GoPro gets a downgrade from Morgan Stanley. And we take a look at how Disney shares are trading after UK regulators tried to block Fox's acquisition of Sky, one of the linchpins in Disney's planned takeover of Fox.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.