Latest Articles
Apple to Launch iPhone SE 2020 This Month and 6.7-Inch iPhone 12 Pro Max in October
By Darya Rudz
• 3 mins read
Apple shares started this year at a $300 mark and went up. In February, Apple (AAPL) stock saw an all-time high closing price of $327.20. But in March, sales of iPhones dropped as much as 56%, reaching the lowest mark of $224.37 on March 23.
DIS Stock Up 3.39%, Disney to Furlough 43K Workers, Cover Health Insurance for 12 Months
By Darya Rudz
• 3 mins read
Starting on April 19, Disney will furlough 43,000 Disney World workers. They will still be eligible for their medical, dental, vision, and life insurance benefits. DIS stock is in the green.
More than 20 Companies Are Working on Coronavirus Treatments or Vaccines
By Darya Rudz
• 6 mins read
Coronavirus has already claimed the lives of many people. At least 16,703 people in the U.S. have died. In Spain, this number is 15,843. In France, the death toll is 12,210. The statistics are dismaying. We need the vaccine as soon as possible.
U.S. Bank Stocks are Rising as Major Lenders Prepare to Seize Oil and Gas Assets
By Darya Rudz
• 3 mins read
According to some estimates, the oil industry owes at least $200 billion to lenders, with the loans backed by oil and gas reserves. Many companies will not be able to pay off. Therefore, banks will manage their assets until the situation improves.
OPEC and Allied Oil Producers Agreed to 10 Million Barrels per Day Production Cut
By Darya Rudz
• 3 mins read
The meeting between OPEC and its allies OPEC+ lasted more than nine hours and the agreement on oil production cut was finally reached.
Wells Fargo (WFC) Stock Goes Up Nearly 10%, Federal Reserve Lifts Wells Fargo’s Asset Cap
By Darya Rudz
• 3 mins read
According to the Federal Reserve, Wells Fargo will take part in the recently released programs without having the balance sheet count against the $1.95 trillion cap the bank has.
Dow Jumps Over 300 Points, Federal Reserve Unveils $2.3T Program to Support Economy
By Darya Rudz
• 3 mins read
Federal Reserve will spend $2.3 trillion on loans for households, small and medium-sized businesses with up to 10,000 employees and less than $2.5 billion in revenues for 2019.
Airbnb Managed to Raise $1 Billion to Recover from Coronavirus Crisis
By Darya Rudz
• 3 mins read
According to Airbnb, the funds it raised will be spent on its three major products: hosts, long-term stays and Airbnb experiences. It should help the company overcome the coronavirus crisis.
Bill Gates: It May Be Fall of 2021 when Americans Can Be ‘Completely Safe’ from COVID-19
By Darya Rudz
• 3 mins read
According to Gates, it might be the fall of 2021 when Americans can be completely safe from COVID-19. He believes developing countries will suffer more than others, as most of the deaths will come there.
Global Stocks Turn Negative as U.S. Coronavirus Cases Top 400,000, Doubling in One Week
By Darya Rudz
• 3 mins read
Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday.