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Ford Stock Up 1.39% Now, Company Plans to Make 50,000 GE Ventilators to Fight Coronavirus
By Steve Muchoki
• 3 mins read
Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.
FB Stock Rose 5.84% on Monday, Facebook Shares Expected to Go Up Nearly 30%
By Steve Muchoki
• 2 mins read
Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.
Oil Price in Canada Crashes Below Beer Pint Price Due to Coronavirus Disruption
By Steve Muchoki
• 3 mins read
A barrel of oil may cost you cheaper than a bottle of beer in Canada in the current market situation caused by the coronavirus pandemic. WCS was trading at $4.18 per barrel while the average cost of a bottle in Canada is approximately $5.
Microsoft (MSFT) Shares Rise 6.87%, Microsoft Cloud Services See 775% Spike
By Steve Muchoki
• 3 mins read
Microsoft (MSFT) stock rose by over 6% to trade at $159.99 on March 30. The spike is attributed to a 775% rise in the Microsoft Cloud services usage, as more people stay at home amidst coronavirus outbreak.
EasyJet Grounds Entire Fleet as EZJ Stock Dips Another 8%
By Steve Muchoki
• 3 mins read
As a result of the ongoing coronavirus pandemic, EasyJet has announced that it has grounded its entire fleet of more than 300 aircraft. EasyJet stock market has lost another 8% after the announcement amidst internal disagreements.
Australia Government Pledges $80B More Coronavirus Stimulus as Global Cases Cross 700,000
By Steve Muchoki
• 3 mins read
The Australia government has announced its plans to release $80 billion to rescue jobs affected by the coronavirus. This brings the total stimulus package to A$320 billion, as the world confirmed coronavirus cases surpasses 700,000.
Opera Reveals Significant Updates for Its Blockchain Browser on Android
By Steve Muchoki
• 3 mins read
Opera has announced major updates on Web 3 capabilities and a built-in crypto wallet for its mobile and computer users. Opera blockchain browser services are now available to the entire EU as well as to Australia, New Zealand, Mexico and Switzerland.
Saudi Arabia-Russia Oil Standoff Pushes Oil Prices to 17-Year Low, Coronavirus Hits Demand
By Steve Muchoki
• 3 mins read
Despite the pressure from Washington, Saudi Arabia and Russia failed to come into a common agreement of oil supply cut to stabilize the price. The crude oil price has dipped to its lowest in 17 years. Oil is trading at $23.03 on Monday morning.
Abbott Laboratories Unveils 5-minute Coronavirus Test, ABT Stock Rises 2.21% After Hours
By Steve Muchoki
• 3 mins read
Abbott Laboratories gets FDA approval on its coronavirus test m2000 RealTime System, which takes a 5-minute minimum to get the results. ABT stock rose nearly 2% after hours to trade around $76 though on Monday its price was $62.
AAPL Stock Rose 5% Yesterday, Falls 2.65% Today, Apple Testing AR/VR Headset
By Steve Muchoki
• 3 mins read
Apple (AAPL) stock rose by over 5% yesterday but is falling today. The company is testing an AR/VR headset with HTC Vive-like controller that is set to be launched in 2021 or 2022.