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Adobe just announced its next CEO. Here’s why its stock is dropping.15:44 Incoming CEO Anil Chakravarthy is a company veteran. But another longtime business head will be departing Adobe, potentially foreshadowing further turnover in leadership. Is the stock market open on Labor Day? Will the post office deliver mail?14:40 Here’s how trading hours and other services are affected by the Labor Day holiday on Monday, Sept. 7. Volkswagen’s stock gets boost from plan to double job cuts to 100,00014:09 The German car giant’s supervisory board unanimously approved a plan which envisaged slashing about 50,000 positions. These stocks in the red-hot healthcare sector have gotten too crowded to own14:09 New recommendations include making an options bet that the stocks of GE HealthCare and Medtronic will fall, because there were too many bets already made that the stock would rise. Potential midterm-election chaos can roil markets. Here’s one trader’s play.13:37 Buying portfolio insurance to protect against falls in the market — if the outcome of the midterm elections is disputed — is so obvious to Kevin Muir, he regards it as a “chip shot.” |