Huawei has made coronavirus donations to France, Canada, and other countries. Canadian Prime Minister Justin Trudeau has said that the donations won’t affect decisions on 5G.
JPMorgan predicts that as the coronavirus outbreak continues to worsen, the economy would get a lot worse before it at least gets a chance to recover.
Amazon (AMZN) stock has been experiencing a surge after the company announced that it is suspending its third-party delivery service due to an increase in demand from its customers. UPS and FedEx shares rallied on the announcement as they will become the alternatives.
Bank of America (BAC) Stock price is rising again, as well as the stocks of many U.S. banks. We may be observing a new uptrend as the financial giant’s fundamentals are sound.
America’s electric-car automobile giant Tesla manages to beat the market meltdown making higher sales in March in comparison to February. The company is also preparing itself for any economic downturn ahead.
According to some estimates, the oil industry owes at least $200 billion to lenders, with the loans backed by oil and gas reserves. Many companies will not be able to pay off. Therefore, banks will manage their assets until the situation improves.
Pfizer had initially planned to enter clinical trials for its coronavirus drug by the end of the year. Now it hopes to start the trials in the third quarter. Pfizer shares price is rising.
While the Americans are losing millions of jobs over the last few weeks, Walmart is on a hiring spree looking to hire 150,000 employees on a temporary basis. Meanwhile, WMT stock remains practically at the same level.
According to the Federal Reserve, Wells Fargo will take part in the recently released programs without having the balance sheet count against the $1.95 trillion cap the bank has.
Amazon (AMZN) stock price traded 8.44% higher today than four months ago. The company has seen a surge in its operation amid the coronavirus crisis, pushing the executives to implement more measures to protect employees from the coronavirus.
Federal Reserve will spend $2.3 trillion on loans for households, small and medium-sized businesses with up to 10,000 employees and less than $2.5 billion in revenues for 2019.
As the need for telemedicine options increase amid the coronavirus crisis, telehealth stocks are predicted to significantly benefit from the change.
Former Bakkt CEO and current Georgia Senate representative Kelly Loeffler, together with her husband, decided to liquidate all their shares to save her sinking re-election bid.
Ford (F) stock price rose 7% yesterday but is still the lowest since 2009. The entire automobile industry should expect a 50% plunge in car sales in Q2 2020.
Gilead Sciences (GILD) stock is on its way to a big jump with interesting returns for investors if all efforts, including drug trials, prove positive.