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.
BNOX, the gold-backed crypto, is measured such that 100 units of BNOX equal 1 gram of gold. Its value remains the same either in physical or digital form.
Cryptocurrencies keep growing steadily, breaking away level after level. The growth of the Bitcoin is almost too aggressive, however, it remains inside a descending channel, and a test of its upper border may provoke a bounce, followed by another declining wave.
The crypto market is in the green today. Bitcoin has gained over 11% within the last 24 hours, while Ethereum is 10% up.
General Electric (GE) stock price fell after the release of the company’s Q1 2020 earnings report. The revenue declined by 8%.
Tesla rival Nio hasn’t lowered its annual forecast as a result of the coronavirus. At the time of writing, NIO stock is 12% up.
Barclays reported that its Q1 net profit had plunged 42% year-on-year and it decided to take a credit impairment charge. Meanwhile, BCS stock is up.
Alphabet (GOOG) stock price is rising today after the company has published its earnings report for the first quarter of this year. The results are better than it was expected.
Standard Chartered is currently bullish about its chances for earnings, regardless of the coronavirus pandemic. STAN stock is 5% up now.