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Adobe’s CEO Steps Down, Oil Tops $100

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Market update for Friday March 13, 2026

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In today’s episode:

  • Oil surges past $100 as the Strait of Hormuz remains shut down
  • Adobe CEO Shantanu Narayen announces plans to step down
  • Tesla sales rebound in China while BYD deliveries fall
  • Ulta shares drop after issuing weaker growth outlook
  • MLB team values approach $3B despite razor-thin profits


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Adobe’s CEO Steps Down, Oil Tops $100

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