Bank of America (BAC) Stock price is rising again, as well as the stocks of many U.S. banks. We may be observing a new uptrend as the financial giant’s fundamentals are sound.
America’s electric-car automobile giant Tesla manages to beat the market meltdown making higher sales in March in comparison to February. The company is also preparing itself for any economic downturn ahead.
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.
Pfizer had initially planned to enter clinical trials for its coronavirus drug by the end of the year. Now it hopes to start the trials in the third quarter. Pfizer shares price is rising.
While the Americans are losing millions of jobs over the last few weeks, Walmart is on a hiring spree looking to hire 150,000 employees on a temporary basis. Meanwhile, WMT stock remains practically at the same level.
The meeting between OPEC and its allies OPEC+ lasted more than nine hours and the agreement on oil production cut was finally reached.
European finance ministers have agreed to implement a €540bn economic package for countries hit hard by the coronavirus pandemic. The measures will help governments cover healthcare costs but also will support businesses.
U.S. stocks soared on Thursday to post their best week of gains since 1974, extending a remarkable rally despite evidence of increasing economic strain due to the coronavirus pandemic.
The New York Judge Kevin Castel claims that Telegram’s TON Grams are securities. But Blockchain Association’s (BA) Kristin Smith put out the fact that Grams only arrive under the security name while being not a security. BA filed the letter of support to the court earlier this week.
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.
Today, on April 9th, BTC price started to grow again but now it is slightly falling. However, Bobby Lee believes that Bitcoin must renew its all-time peak by the end of this year and proceed to 25,000 USD.
Amazon (AMZN) stock price traded 8.44% higher today than four months ago. The company has seen a surge in its operation amid the coronavirus crisis, pushing the executives to implement more measures to protect employees from the coronavirus.
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.
As the need for telemedicine options increase amid the coronavirus crisis, telehealth stocks are predicted to significantly benefit from the change.
Former Bakkt CEO and current Georgia Senate representative Kelly Loeffler, together with her husband, decided to liquidate all their shares to save her sinking re-election bid.