Microsoft (MSFT) stock rose by over 6% yesterday after the company announced it had acquired Affirmed Networks to deliver new opportunities for a global 5G ecosystem. The FAANG stocks were on the winning side with a surge of 5% on average.
Walmart, Amazon, Costco stocks are up as they implement measures to protect employees and customers from coronavirus. The measures include sanitizing efforts, temporary changes of working hours and recruiting more people to handle increasing demand.
Coin Metrics has raised $6 million in its Series A funding round. The company will use the money raised to diversify its product line and expand its team.
Moderna (MRNA) stock price has risen at the possibility of having a new coronavirus vaccine by the fall of this year. Trials are expected to have been completed in two months’ time.
U.S. stock market led by the Dow futures turned positive despite the negative data on jobless claims that shot to historic figures of more than 3 million. The number of jobless claims even surpassed the Great Recession peak of about 695,000.
Ripple Labs is donating $200,000 to two different non-profits to help them amid teh spread of the COVID-19 at the time when scammers are looking for opportunities to cause problems too.
Bill Gates, Microsoft сo-founder, shared his thoughts about the current state of the healthcare system and ways to fight coronavirus. He explained what measures he would implement if he were the U.S. president.
Visa (V) and Mastercard (MA) stock prices have risen boosted by the hopes that the stimulus bill from the U.S. government gives. However, a long-term trend may be in the offing as COVID-19 creates a new order of things.
New York Governor Andrew Cuomo has dismissed what the stimulus package means for New York, calling it a drop in the ocean. Out of $2 from the coronavirus stimulus bill, New York’s share is only $3.8 billion where only $1.3 billion will be sent to the state.
California has averaged 106,000 unemployment claims daily, nearly 750,000 in a week, or 3.8 percent of the entire state workforce.
The most hit industries like aviation, hotels, cruise lines, etc. showed a quick recovery on Wednesday after the Federal Reserve announced a $2 trillion package to support the ailing economy.
Yesterday’s 24.32% surge of Boeing (BA) stock is a credit of the company’s plan to restart its 737 Max production in May. As Boeing Chief Financial Officer Greg Smith admitted, the process will not be an easy one.
Apple (AAPL) stock dropped 0.55% to hit $245.52 yesterday. The drop is attributed to the report that highlights that the company is considering delaying iPhone 12 launch
Zoom Video Communications (ZM) shares fell 15% to hit $135.18 on March 25. Although having risen over 100% in the past year, the sudden fall is being attributed to President Trump calling on businesses to resume. Today, ZM stock is up again.
Tesla stock’s rebound makes us believe that Tesla shares are now a good investment. At the moment of writing, TSLA stock is trading at over $545.