Online grocery prices continued to rise by double-digits in March, as inflation continues to bite. Although online grocery prices have eased over the past six months, costs were up 10.3 percent in March from the previous year, according to the Adobe Digital Price Index on April 10. Adobe analyzed 1 trillion visits to retail sites and…

One of the driest deserts in the world lies at the foot of the Andes. The Mochica culture flourished in this environment 1,500 years ago. Between the 2nd and 8th century AD, they tamed the desert and built huge adobe pyramids called “huacas.” …

WASHINGTON—Prices for online goods in the United States fell at a nearly 2 percent annual pace in November, the fastest decline since the onset of the COVID-19 pandemic and a sign that one important aspect of overall inflation continues to slow. The month-to-month decline in the Adobe Digital Price Index, a measure of online shopping…

U.S. shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3 percent on Black Friday, Adobe Inc.’s data and insights arm Adobe Analytics said, thanks to consumers holding…

San Francisco-based Dylan Field is now the talk of the technology town. His design-software company Figma has been taken over by the rival Adobe Inc.. Adobe agreed to pay $20 billion for Figma, which Field co-founded with a former Brown University classmate. Figma was valued at $115 million in 2018. By 2021, that valuation had…

Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem. The companies said that Figma’s web-based, multi-player capabilities will accelerate the delivery of…

Online inflation rose again in August, after slowing down in July, according to the latest Adobe Digital Price Index (DPI) from Sept. 12. Consumer prices rose 0.4 percent last month over August 2021, while rising 2.1 percent month over month. This comes after prices fell 1 percent on an annual basis in July. Fourteen out of 18…

UBS analyst Karl Keirstead downgraded Adobe Inc to Neutral from Buy with a price target of $575, down from $635. The price target implies a 3.79 percent upside. UBS rerated on concerns that tech spending was pulled forward in 2020 and 2021 and that this phenomenon will pressure Adobe’s growth rate in 2022. After speaking with 14 large enterprises, IT…

Adobe Inc. FY21 revenue growth of 20 percent year-on-year to $4.11 billion, beating the consensus of $4.09 billion. Revenue for the Digital Media segment was $3.01 billion, up 21 percent Y/Y. Creative revenue grew 19 percent Y/Y to $2.48 billion, while Document Cloud revenue rose 29 percent to $532 million. Digital Experience segment revenue was…

E-commerce has gotten more expensive due to the inflationary environment, according to a recent report from Adobe, and it’s significant during the holiday season when retailers normally push big-discount deals. Online prices rose 1.9 percent in October from a year earlier and 0.9 percent from the previous month based on data from Adobe Inc. The…