Have you asked other users in Photoshop
This forum is about the Cloud as a delivery process, not about using individual programs
If you start at the Forums Index https://forums.adobe.com/welcome
You will be able to select a forum for the specific Adobe product(s) you use
Click the "down arrow" symbol on the right (where it says All communities) to open the drop down list and scroll
Yes, I have asked in Photoshop Group.
But to be honest I don't expect any solution, as this seems to be Adobe's Customers problem.
I posted this question out of desperation after hundredth attempt to solve the issue myself. And I think it should stay here and add up to problems with CC as a service in general ie. applications which do not install updates though CC Manager keeps taunting users with reminders, or delivering update to PS which causes more problems than does good.
I hope someone from Adobe answers to it.
This sounds like a video card driver issue. Which video card (GPU) and driver version are you using?