Amidst larger market uncertainty, 2020’s top-performing tech sector witnessed heavy selling leading to a broader market correction. Also with the fears of another lockdown, President Trump said that they won’t be going for the same.
Johnson & Johnson has commenced a phase 3 trial of its one-shot vaccine. The company will recruit a total of 60,000 participants. JNJ stock is in the green.
The United States in its spate of economic tensions with China has placed Huawei alongside other technology companies on its blacklist.
Tesla CEO announced plans to deliver a cheaper car of $25,000 by 2023. In reaction, Tesla stock continued its way down.
The latest TransferWise’s valuation totaled $5 billion, after the secondary share sale that saw investors buy equity from employees and early backers. However, the company has not yet been listed on an exchange.
Tesla (TSLA) stock price lost 5.60% yesterday and it is falling today in the pre-market as well.
Previously, WealthSimple crypto exchange existed in private beta with a user waitlist. Today its digital exchange platform will be open to public.
Through the Animoca and Dapper Labs partnership, gaming enthusiasts will enjoy the official licensed blockchain based game for MotoGP.
Following the company’s report, its shares dropped. SFIX stock closed at $31.38 per share yesterday, or 7.95% up. However, in prolonged trade, it lost as much as 16.35% to $26.25.
While the entire investing terrain seems marred by the COVID-19 pandemic, there are some stocks that still attract investors.
Nike completely smashed Wall Street estimates by delivering much better than expected results. The company’s digital sales approach has helped it outsmart its competitors and manage to stay alive during these tough times.
The stock market remained upbeat on Tuesday as Fed Chairman Jerome Powell restored confidence among investors assuring the central bank’s support to the economy. Tech stocks continued to remain in charge of the market pullback.
Software development company Bentley Systems has revised its share price to between $19 and $21 per share as it is going to raise $225 million in IPO.
Airbus CEO Guillaume Faury has disclosed that the company may pursue job cuts. AIR stock is down today, trading at around 63 EUR.
EY subsidiary in Germany has been Wirecard’s trusted auditor and with KfW accounting records under scrutiny by the German government the bank has indicated its readiness to drop EY in order to avoid conflict of interest.