Adobe names insider Anil Chakravarthy as CEO on Dec. 1
Adobe Inc. will shift Shantanu Narayen to executive chair and appoint insider Anil Chakravarthy as president and CEO on Dec. 1.
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U.S. jobs data drives sharp rotation across stocks, bonds and gold
U.S. equities slipped as August payrolls of 162,000, far above the 55,000 consensus, pushed traders toward a higher Fed-rate path. Chips outperformed while software, retail, gold and bitcoin weakened.
Adobe names Anil Chakravarthy next CEO as shares fall
Adobe said Anil Chakravarthy will become its next CEO on Dec. 1, while another longtime business head will depart. The announcement coincided with Adobe stock dropping.