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Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.
The Dow Jones dropped over 100 points on Thursday shortly after the start of today’s session as the Labor Department reported that initial jobless claims in the United States doubled to 6.6 million last week.
Vitalik Buterin claims that Bitcoin was initially designed to work as digital cash, then, secondly as digital gold. He says that just as Bitcoin’s narrative changed from p2p cash to digital gold, there has also been a shift in the narrative of Ethereum.
The Gates Foundation ponied up $100 million to assist in the battle against the spread of coronavirus in February after committing to $10 million in January when the outbreak started. Now Gates insists on the necessity of a nationwide shutdown.
Though Bitcoin (BTC) is experiencing its worst sell-off in the last 7 years, the smart money is preparing for a golden bull run after the next halving that is said to happen in 43 days.
Millions of Americans already have been laid off as states and localities shut down nonessential businesses. About 3.3 million people have filed for unemployment benefits in U.S.
IMF chief Kristalina Georgieva said that the global economy is now in a recession due to the impact of COVID-19. “We should not go with small measures now when we know that it is a gigantic crisis,” she said.
The past several weeks have been chaotic everywhere in the world as the coronavirus outbreak threatens economies in both the West and the East. McKinsey explained what new challenges businesses have today.
As soon as a coronavirus vaccine is approved, it’s going to be needed in vast quantity, and many of the organizations in the Covid-19 vaccine race simply don’t have the necessary production capacity. Moderna is one of the promising players,
U.S. Senate leaders and the Trump administration neared an agreement on a massive stimulus bill that could inject $2 trillion into the economy to blunt the impacts of the coronavirus.