Walmart has already started to gradually transfer its customers to the new Walmart app that now places 50% of online grocery orders. WMT stock closed in the green yesterday but declined in the pre-market today.
Moderna chairman Noubar Afeyan assured people of the company’s fidelity to statistical accuracy concerning its vaccine trials. MRNA stock price went up yesterday.
Coinbase, one of the largest cryptocurrency exchanges in the world, has announced that it will allow its employees to work remotely after the COVID-19 pandemic.
Investors have turned bullish on tech companies as COVID-19 could possibly change consumer behavior making them more online dependent. While Amazon accelerates its move in the gaming industry, Facebook makes a big announcement to step in e-commerce with Facebook Shops. FB and AMZN stocks are hitting new highs.
The three major Wall Street averages have soared on Wednesday. Dow Jones is nearly 400 points up. Stocks like Facebook and Amazon jumped as well, hitting new all-time records.
With the COVID-19 effect, Expedia revealed rather disappointing Q1 earnings results: adjusted net loss for the first quarter was $285 million, 545% up Y-o-Y. Additionally, the gross air bookings revenue for the company also tanked a massive 56%. However, EXPE stock is up now.
Gavin Newsom, California Governor, is ‘not worried’ about CEO Elon Musk shifting Tesla out of the state as CEO faces legal battles over tweets. TSLA stock is up around 1% today.
After closing yesterday with a 1% loss, JNJ stock was 0.34% down further in the pre-market today but is 0.72% up now. Johnson & Johnson announces that it will stop selling its talc baby powder in the U.S. and also in Canada.
Spotify has announced its partnership with popular podcast personality Joe Rogan. SPOT stock jumped 8% yesterday and is 5% up today.
FAANG stocks have been defying the coronavirus market disruption as they continue to scale higher every day. The NYSE FANG+ Index is up around 21% since the beginning of the year.
Facebook (FB) stock price is rising as Mark Zuckerberg announced the introduction of Facebook Shops which is a shopping feature available for free to users of Facebook, Instagram and Whatsapp.
As Stat News has reported, it is too early to assess the COVID-19 vaccine offered by Moderna. Most of what Moderna disclosed “were words, not data”, while the critical information has been withheld. MRNA stock is down.
Microsoft has announced that it is now joining hands with OpenAI to create one of the fastest artificial-intelligence supercomputers on top of Azure’s infrastructure.
In February, Apple TV+ topped 10 million subscribers. Expanding content with Hollywood older shows and films, Apple TV+ will gain more traction. AAPL stock is rising in the pre-market.
Using Softomotive’s tools and integrating them with its PowerAutomate platform, Microsoft plans to up its game in the process-automation industry. MSFT stock was down on Tuesday.