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Microsoft Stock (MSFT) Rose 6% Yesterday, Company Announced Affirmed Networks Acquisition
By Steve Muchoki
• 3 mins read
Microsoft (MSFT) stock rose by over 6% yesterday after the company announced it had acquired Affirmed Networks to deliver new opportunities for a global 5G ecosystem. The FAANG stocks were on the winning side with a surge of 5% on average.
Dow Jones Leads Market Rally with 1,300 Points, It Is Biggest 3-Day Surge Since 1931
By Steve Muchoki
• 3 mins read
The Dow Jones Industrial Average is leading the pack on a bull rally, after gaining 1,300 points as of March 26. Although still below last year’s lows, the 6.38% gain is the biggest 3-day surge ever recorded since 1931
Dow Futures Adds 800 Points Despite Jobless Claims Jumps Above 3 Million
By Steve Muchoki
• 3 mins read
U.S. stock market led by the Dow futures turned positive despite the negative data on jobless claims that shot to historic figures of more than 3 million. The number of jobless claims even surpassed the Great Recession peak of about 695,000.
Bill Gates Explains How He Would Fight Coronavirus if He Were U.S. President
By Steve Muchoki
• 3 mins read
Bill Gates, Microsoft сo-founder, shared his thoughts about the current state of the healthcare system and ways to fight coronavirus. He explained what measures he would implement if he were the U.S. president.
Governor Cuomo Claims Coronavirus Stimulus Package Is Drop in the Ocean for New York
By Steve Muchoki
• 3 mins read
New York Governor Andrew Cuomo has dismissed what the stimulus package means for New York, calling it a drop in the ocean. Out of $2 from the coronavirus stimulus bill, New York’s share is only $3.8 billion where only $1.3 billion will be sent to the state.
Apple (AAPL) Stock Down 0.55% while Company Considers Delaying iPhone 12 Launch
By Steve Muchoki
• 3 mins read
Apple (AAPL) stock dropped 0.55% to hit $245.52 yesterday. The drop is attributed to the report that highlights that the company is considering delaying iPhone 12 launch
Why Zoom Video (ZM) Shares Fell Sharply on Tuesday but Started Rising Today
By Steve Muchoki
• 3 mins read
Zoom Video Communications (ZM) shares fell 15% to hit $135.18 on March 25. Although having risen over 100% in the past year, the sudden fall is being attributed to President Trump calling on businesses to resume. Today, ZM stock is up again.
Virgin Galactic (SPCE) Shares Rose 25.83% as Morgan Stanley Turns Bullish
By Steve Muchoki
• 3 mins read
Virgin Galactic Holding Inc (SPCE) shares rose by $3.35, approximately 25.83% yesterday. The rise is attributed to the positive rating by Morgan Stanley analyst Adam Jonas.
Stock Futures Revamp as Senate and White House Agree on Coronavirus Stimulus Bill
By Steve Muchoki
• 3 mins read
It was a relief to the Dow Jones and the stock market at large when the White House and the Senate agreed on a deal regarding the coronavirus stimulus bill.
Euro-Zone Economy Crashes on Coronavirus Shutdowns,Tokyo Olympics Postponed for 1 Year
By Steve Muchoki
• 3 mins read
The economy of the euro zone is being brought down on its knees in a historic measure due to the ongoing coronavirus outbreak. In response to the coronavirus pandemic, the Olympic Games in Tokyo have been pushed forward for another year.