Adobe’s CEO Steps Down, Oil Tops $100

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