Market News - Page 311 of 478

Market News - Page 311

This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.

RIOT Stock Registers Unprecedented Rally, Riot Blockchain Valuation Soars Above $1B

By Bhushan Akolkar Dec 29, 2020 • 3 mins read

Following the Bitcoin all-time high on Sunday, December 27, Riot Blockchain stock registered 20% gains on Monday’s trading session. The stock has already appreciated by 13x this year. Apart from BTC, investors of Bitcoin mining companies are making a bomb in the market.

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House Approves $2,000 Direct Payments in COVID-19 Stimulus Payouts, Looks to Senate to Vote

By Godfrey Benjamin Dec 29, 2020 • 3 mins read

There is a possibility that the Senate Republicans may want to hold onto their conservative approach in increased spending citing longer-term consequences.

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TSLA Stock Slightly Up, Tesla to Venture into India Early Next Year

By Steve Muchoki Dec 29, 2020 • 3 mins read

Tesla has announced its plans to enter the Indian market early next year, but not next month as Elon Musk previously noted.

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Nikola Stock Advances 19%, JPMorgan Reduces NKLA Price Target from $40 to $35

By Ibukun Ogundare Dec 29, 2020 • 3 mins read

The JPMorgan analyst lowered his price target for Nikola stock on execution risks related to a “tarnished brand.”

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Stock Market Closes High as President Trump Assents to COVID-19 Stimulus Bill

By Godfrey Benjamin Dec 29, 2020 • 3 mins read

Economists from Goldman Sachs Group have revised their Q1 GDP forecast to see a growth of 5% though earlier they expected a 3% increase.

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Facebook to Close Holding Companies in Ireland amid Tax Disputes

By Ibukun Ogundare Dec 28, 2020 • 3 mins read

Facebook’s decision to shut down the holding company in Ireland came after the US Internal Revenue Service (IRS) sued the company over its Ireland shore deal.

Bitcoin News, Cryptocurrency News, Market News, News

Bets on Tech Stocks and Cryptocurrencies Brought Small Fortune to US Top Funds in 2020

By Darya Rudz Dec 28, 2020 • 3 mins read

Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.

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AZN Stock Up 4% in Pre-Market as AstraZeneca Vaccine Nears UK Approval

By John K. Kumi Dec 28, 2020 • 3 mins read

Pascal Soriot, the Chief Executive of AstraZeneca revealed that the vaccine is as effective as Pfizer and can be a strong protector against the new variant of the virus which is very contagious.

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2020 Was Game-Changer for Zoom Stock and CEO Eric Yuan

By Bhushan Akolkar Dec 28, 2020 • 2 mins read

Zoom stock has skyrocketed nearly 5x this year on the backdrop of massive demand owing to the work-from-home culture and more businesses moving online. Zoom investors had a phenomenal bull run in 2020.

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Stock Market Reacts as Donald Trump Signs $2.3T Relief Package Bill

By John K. Kumi Dec 28, 2020 • 3 mins read

Just as expected, the market has reacted to this news. The S&P futures (INDEXSP: INX) recorded a surge of 0.62% right after the Christmas holiday.

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Alibaba Stock Declines Another 8% amid Regulatory Pressure in China

By Ibukun Ogundare Dec 28, 2020 • 3 mins read

As the year comes to an end and the final trading week of 2020 begins, Asia markets were mixed on Monday as some firms pulled in gains and others declined. Alibaba stock is in the red.

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Elon Musk Might Consider Clubbing All His Ventures into Single Holding Company

By Bhushan Akolkar Dec 25, 2020 • 3 mins read

Having seen Tesla’s massive growth in 2020, a Tesla shareholder proposed Elon Musk to float a holding company wherein the Tesla CEO can continue as the boss for more years ahead and create enormous value for all his companies and shareholders.

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Goldman Sachs Gives Alphabet (GOOGL) Stock Buy Rating, Google Partners with Saudi Aramco

By Steve Muchoki Dec 24, 2020 • 3 mins read

Alphabet through Google Cloud has identified a huge gap in the Saudi Arabia cloud infrastructure and intends to fill it despite the impending competition.

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Nikola (NKLA) Stock Plunges 10% Upon Contract Termination with Republic Services

By Ibukun Ogundare Dec 24, 2020 • 3 mins read

Over the past year, NKLA has climbed 25.64% and nearly 46% since the beginning of 2020. However, Nikola has lost 28.94% in the last three months.

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Virgin Galactic (SPCE) Stock Seeing Gradual Recovery After Failed Spaceflight Test

By Godfrey Benjamin Dec 24, 2020 • 3 mins read

Virgin Galactic (SPCE) shares closed with a 5.30% rise on Wednesday to signal a comeback.