Henry David Thoreau is credited as saying, "Things do not change; we change". This is especially important when trying to take an objective look at the financial markets. Recognizing that the markets and financial analysis don't necessarily change, but our justifications and rationales can and do, is a big step in the right direction of objective analysis.
Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for the subscription-based version of its flagship software package.
Struggling Australian tycoon Nathan Tinkler has given up nearly half of his stake in Whitehaven Coal Ltd for about $285 million to pay down debt to a U.S. hedge fund, easing concern about a forced selldown that had weighed on the miner's value.