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Tesla (TSLA) stock is the most shorted stock on the market. Over the last seven days, its short-sellers made $1.1 billion. It runs neck-and-neck with Apple.
Tesla Model 3 cars underperformed customers’ expectations. According to buyers, the hardware in Model 3 vehicles was the 2.5 version as opposed to the 3.0 version the company promised. Tesla (TSLA) stock was up on Wednesday.
At 7.30 p.m. EST, the U.S. stock market indexes were up, and futures started soaring. By the moment of writing, Dow futures have already gained around 400 points.
Bitcoin (BTC) price rebounds after central banks of several countries announced their support to markets and promised to provide the help needed to protect the global economy.
According to Ripple CTO David Schwarz, stablecoins are a major trend among institutions and even the Central Banks this year. It is expected that stablecoins will soon launch on the XRP ledger.
Elon Musk believes that it would be easy for China to surpass the U.S. in economic size. His prediction is not baseless as China is the fastest-growing trillion-dollar economy.
With AMZN stock down 4%, the e-commerce is facing competition from Walmart that is working on a new service Walmart+ to surpass Amazon Prime.
On Thursday, Moderna (MRNA) stock was on a wild ride. Just in a few hours, it skyrocketed, continuing its previous growth, then halted, and fell. Now in the pre-market, it has started to gain again.
While tech shares are suffering drops, coronavirus stocks are soaring, The pharma companies are actively working on the development of a new vaccine.
Joining the Libra Association, Tagomi will contribute at least $10 million to spend on the developing cryptocurrency. It will also support Libra, providing the necessary technical and policy assistance.