The cryptocurrency market has regained over 100% from the March 12 flash crash leaving the stock markets far behind after they gained 36%. The majority of coins are in the green now.
In an unprecedented move, Shell has cut down the interim dividend for its shareholders by 66% from $0.47 last year to now at $0.16. The massive crash in oil demand due to COVID-19 has been responsible for this move as per the oil giant.
Tesla CEO Elon Musk asked the government to give people back their freedom amid the coronavirus pandemic. The company reported Q1 earnings that beat analysts’ expectations. TSLA stock is up.
On Thursday, April 30th, the leading cryptocurrency is growing quite well, trading at $8900.00. During April 2020, the BTC/USD rate has grown by 32%.
Microsoft (MSFT) stock price has risen as the software giant released its fiscal Q3 results. Sales increased by 15%, powered by Microsoft cloud business.
Tracy is a blockchain-based decentralized application that enables contact tracing, safe movement and helps health professionals manage the pandemic response. Now it has completely migrated to the Matic blockchain network.
On April 29, when Facebook released its Q1 earnings, its shares rose by 6.17% to close at $194.19. In the pre-market today, FB stock has added 9.38% and is making up $212.40 per share at the moment of writing.
Coinbase Custody has today announced at-launch support for a new row of assets, including cGLD, FIL, KEEP, NEAR and DOT. It means that Coinbase Custody customers will now have a safe place to store these assets.
Zoom (ZM) stock is in the red. It happened after Google’s recent announcement that it is making its Meet free for everyone.
Bitcoin price surged 16% and crossed $9,200 by now. Market factors include the beginning of the removal of quarantine in the EU and the most powerful emission of the Central Bank of the EU and the Fed.
Following the positive news on the remdesivir trial, Gilead stock rebounded. Yesterday, GILD closed at $83.14 per share or 5.68% up. After hours, it added another 2.29% to trade at $85.04. The price is also rising today in the-premarket trading.
Messaging app Telegram postponed the launch of its TON blockchain for the second time, pushing the dates up to April 2021. The company is offering 72% of each investor’s stake now but is also providing an alternative of 110% of the investments by April 30, 2021.
U.S. gross domestic product turned negative for the first time since 2014 in the first three months of the year as the coronavirus pandemic broadened out across the globe and country in March.
Tesla reported Q1 results, including a $16 million profit. A Covid-19 outbreak in China forced the company to suspend manufacturing in Shanghai for more than a week in February, and in the U.S. at the end of March. TSLA stock jumped 9% after hours.
As the airline industry is going through its worst period in the last several decades, all the companies are initiating necessary steps to make their passengers feel safe while traveling again. Meanwhile, American Airlines (AAL) shares are in the green.