Investors will be focused on whether Adobe (ADBE) can keep its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-driven momentum when the software maker reports after the bell; August wholesale prices are due; SpaceX Polaris Dawn mission completes first commercial spacewalk; Norfolk Southern (NSC) fires 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Alan Shaw over a relationship with its legal chief; and China weakness sent global oil demand growth in the first half of the year to its lowest since the pandemic, the IEA says. U.S. stock futures are edging higher after 澳洲幸运5官方开奖结果体彩网:major indexes surged Wednesday on a rally by Nvidia (NVDA). Here's what investors need to know today.

1. Adobe Expected to Post Rising Q3 Revenue, Profit🐈

Adobe (ADBE) is expected by analysts 澳洲幸运5官方开奖结果体彩网:to post rising third-quarter revenue and earnings from the year-ago period when it reports results after the bell, partly fueled by demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI). Analysts are projecting quarterly revenue of $5.37 billion, up 10% year-over-year, and profit of $1.57 billion, up 12%, according to estimates compiled by Visible Alpha. The compan🦄y could also provide updates on its AI integration and monetization efforts.

2. August Wholesale Prices Data Due

The 澳洲幸运5官方开奖结果体彩网:Producer Price Index (PPI) for August is due at 8:30 a.m. ET, likely reinforcing investor expectations of an interest-rate cut by the 澳洲幸运5官方开奖结果体彩网:Federal Reserve at its meeting 澳洲幸运5官方开奖结果体彩网:next week. Sticky rents, even as overall consumer inflation 澳洲幸运5官方开奖结果体彩网:cooled in August, has dampened expectations of an aggressive cut by the Fed. Economists surveyed by The Wall Street Journal and Dow Jones Newswires expect wholesale prices to have grown monthly by 0.2% in August, up from 0.1% in July, while "co𒀰re" PPI—which excludes volatile food and energy prices—is also seen having grown by 0.2%, down from 0.3% last month.

3. SpaceX Polaris Dawn Mission Completes༺ First Commercial🌃 Spacewalk

The astronauts on board the Polaris Dawn flight from SpaceX that launched earlier this week spent time outside of their spacecraft Thursday morning, the first commercial spacewalk. The four-person crew is in the midst of a five-day orbit after 澳洲幸运5官方开奖结果体彩网:launching Tuesday morning, and the compaꦆny has sꦚaid the group is orbiting higher above the Earth than any space exploration missions since the Apollo missions decades ago.

4. Norfolk Southerಞn Fires𒀰 CEO Over Relationship With Legal Chief

Norfolk Southern (NSC) fired CEO Alan Shaw over a relationship with the railroad freight firm's top legal officer. The company had been 澳洲幸运5官方开奖结果体彩网:investigating allegations of misconduct against Shaw, and said Wednesday he had been fired because it found he broke company policies "by engaging in a consensual relationship" with Chief Legal Officer Nabanita Nag, who also has been let go. Shaw, who was terminated "for cause, effective immediately," will be succeeded by 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Mark George. 

5. Oil Demand Growth Slowest Since Pandemi𓃲c on China Weakness, IEA Says

Global oil demand in the first half of the year grew at the slowest level since 2020, when the COVID-19 pandemic struck, according to the latest monthly report from the 澳洲幸运5官方开奖结果体彩网:International Energy Agency (IEA). The Paris-based organization attributed the slump to a "rapidly slowing China" and the country's transition to electric vehicles (EVs), adding that demand outside China remains "tepid at best." 澳洲幸运5官方开奖结果体彩网:Crude oil futures have been hit recently as OPEC—a dominant coalition of oil-producing nations—cut back on its demand outlook and growth projections, and the IEA warned that OPEC and its allies "may be staring at a substantial surplus."