Adobe sees a dip in its shares following a lawsuit by the FTC, which accuses the company of not fully disclosing termination fees, thus trapping consumers in costly year-long subscriptions.
https://news.adobe.com/news/news-details/2024/Media-Alert-Adobe-and-TikTok-Announce-Integration-to-Bring-TikToks-Commercial-Music-Library-Into-Adobe-Express-2024/default.aspxTikTok's Commercial Music Library, via the
Wall Street is set for a subdued session on Friday as risk sentiment wanes due to low U.S. consumer confidence and rising political uncertainties in Europe.
On Thursday, Adobe Inc (NASDAQ: ADBE) topped expectations on earnings and revenue with its fiscal second quarter results, along with lifting the full-year guidance.