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Adobe CEO Shantanu Narayen is stepping down after 18 years—as pressure on the company mounts to deliver on AI | Fortune

Adobe is searching for a new chief executive after CEO Shantanu Narayen said Thursday that he plans to step down after 18 years in the role.Narayen announced that he will step down once a successor is appointed. He will...

Russell Investments Canada Limited Announces Monthly Distributions for Exchange Traded Funds (ETFs)

Article contentTORONTO — Russell Investments Canada Limited (“Russell Investments Canada”) today announced cash distributions for the ETFs for the month March. Unitholders of record of the ETFs, as of the Record Date, will receive a per-unit cash distribution payable...

Oil hits $100 a barrel and stocks sink as Iran War drags on with no end in sight | Fortune

With no clear end in sight, the war with Iran is sending oil prices back to $100 per barrel, and stocks are sinking worldwide on Thursday.The S&P 500 fell 1.1% and is returning to sharp swings following a couple days of relative calm. The...

A successful USDA program that has supported more than 533,000 affordable rental homes in rural America is getting phased out

The high cost of renting and buying homes in U.S. cities is no secret. But this affordability problem isn’t limited to urban regions – it affects rural areas as well.Rural areas, home to about 25%...

Crypto accounting startup Cryptio raises $45 million to help big firms keep track of digital assets | Fortune

As large enterprises invest in blockchain technology, they quickly discover the need for accounting software that can help them track a growing hoard of digital assets. Cryptio, a crypto accounting startup, has benefited from that wave of institutional interest...

Exclusive: Oro, which is using AI to streamline companies’ procurement processes, raises $100 million in fresh venture capital funding | Fortune

Oro Labs, a Silicon Valley startup that uses artificial intelligence to automate companies’  procurement processes, has raised $100 million in new venture capital funding. The fundraise, which is the company’s Series C round, is being led by Goldman Sachs Growth...

Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war | Fortune

Closed schools. Work-from-home demands. Price caps.Asia’s governments are scrambling to manage a fuel shortage caused by high oil prices and a closed Strait of Hormuz. Asia is particularly dependent on oil exports from the Middle East; Japan and South...

The shadow fleet and illegal oil are still moving through the Strait of Hormuz | Fortune

Iran has threatened to destroy any ships, including oil tankers, that pass through the strait from the oil depots of the Persian Gulf to the Arabian Sea and the rest of the world. Companies that insure ships against the...

King penguins are a rare species seemingly benefiting from climate change. Here’s why | Fortune

The warming world has disrupted the timing for plant and animal reproduction, and it’s usually bad news for species that depend on each other — like flowers blooming too early and pollinating bees arriving too late. But researchers have...

Bitcoin outperforms gold and stocks since beginning of Iran war | Fortune

During the week and a half since the U.S.-Israeli attack on Iran, Bitcoin is doing better than gold and stocks. Since the start of the war, the original cryptocurrency is up about 7%, and on Wednesday was trading at...
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