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Adobe CEO Shantanu Narayen told CNBC’s Jim Cramer on Wednesday that his company’s proposed acquisition of design software firm Figma would benefit customers, even as regulators are scrutinizing the deal on concern that it may hurt competition. “We want to take the ability for what Figma has done with respect …

CNBC’s Jim Cramer said the Federal Reserve’s decision to hold rates steady is a win for the bulls and is a sign the tightening cycle is coming to an end. With inflation easing and the potential for rate cuts next year, Cramer said the economy has managed a soft landing …

Jeff Lawson CEO, Twilio Scott Mlyn | CNBC Cloud software developer Twilio has hired Qatalyst Partners, the investment bank founded by Frank Quattrone, to advise on its defense against a group of activist investors, according to two people with knowledge of the matter. Qatalyst, which previously advised Segment when Twilio …

NASHVILLE, Tenn. — As Tennessee leads many states in financial literacy in public high schools, Junior Achievement of Middle Tennessee aims to boost those lessons through career, entrepreneurship and personal finance programs. Speaking to high school students in December at Junior Achievement’s Finance Park program in Nashville, CNBC’s senior personal …

Shares of Pfizer fell Wednesday after the drugmaker forecast 2024 revenue and profit below Wall Street’s expectations, as it sees weak demand for its once-blockbuster Covid products.  Pfizer also raised the target of its sweeping cost-cutting plan by $500 million, bringing the anticipated total to $4 billion. The company expects …

Virginia Republican Gov. Glenn Youngkin on Wednesday said he would support Donald Trump if the former president is the party’s 2024 presidential nominee. He stopped short of endorsing Trump in the GOP primary, where Trump leads the field by more than 45 points. “Listen, he and I have different styles, …

Thomas Barwick | Stone | Getty Images Inflation has been falling gradually across the U.S. economy. This process, known as disinflation, means prices for consumer goods and services are rising but at a slower pace than they had been. However, inflation has actually turned negative in some sectors, like energy. …

The NHL’s Washington Capitals and NBA’s Washington Wizards are slated to move to Alexandria, Virginia, as part of a $2 billion entertainment complex effort, the state’s Gov. Glenn Youngkin announced Wednesday. The development, about 8 miles south of Washington, D.C., will house the new global headquarters for Monumental Sports & …

Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow …

Mike Novogratz, CEO of Galaxy Investment Partners (L) and President Joe Biden (R). CNBC | Reuters Veteran investor and longtime Joe Biden supporter Mike Novogratz is switching sides to fundraise for Rep. Dean Phillips, D-Minn., the president’s long shot primary opponent. Novogratz, the CEO of cryptocurrency-focused Galaxy Investment Partners, will …