
Markets in the Time of Covid-19
Market volatility remains high. That we’re in a recession is not a matter of doubt. At this point, it’s a question of mitigating its severity.
Market volatility remains high. That we’re in a recession is not a matter of doubt. At this point, it’s a question of mitigating its severity.
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.
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.
The works on the development of Ethereum 2.0 are going on. The multi-client testnet is scheduled for April.
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.
According to the report by the Block, Binance CEO Changpeng Zhao is negotiating with CoinMarketCap management to buy the website for insane $400 million.
Apple is going to bring new devices to consumers this year despite the coronavirus outbreak. The technology giant is using remote collaborations to achieve its goal of getting out new products before the end of the year. AAPL stock is up.
Jiho Kang, CEO of Binance Korea, was behind several companies in South Korea, including ventures like Soomgo, BXB, and other ones. Now, under his supervision, Binance adds support for Korean Won (KRW), via a first in history KRW-backed stablecoin.
Tesla’s production line has been severely impacted by the rising COVID-19 cases in the U.S. and across the globe. Analysts are weighing different possibilities for its first-quarter deliveries. TSLA stock is unstable.
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.
Financial market shows a constant growth. Traditional payments are being replaced by FinTech innovations. Let’s find out what top European financial companies will define the outlook of the market in 2020.
On Monday, the broader markets surged upwards while putting aside the concerns of the rising coronavirus cases. With Monday’s surge, the Dow is now 20% up from its COVID-19 sell-off low of 18,500.
Bitcoin and Ethereum are two of the most famous cryptocurrencies. During the fall of the markets, they fall especially loudly. Is this the ‘store of value’ power we’ve been hearing about for years? But only oil perform worse these days.
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.
Johnson & Johnson after the announcement of the test of its coronavirus vaccine, JNJ stock has continued to surge, rising over 7%.