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.
Slack Technologies (WORK) is up today after a loss of 6.08% yesterday. The company has announced its news tech package called Slack Connect, which enhances its real time-communication across up to 20 clients.
Following the arrest of Markus Braun, former CEO of Wirecard on the alleged missing of $2 billion, the German-based company has filed for insolvency. WDI stock is 75% down today.
The Competition and Market Authority (CMA) has given Amazon a green light to take a 16% stake in Deliveroo for the second time. AMZN shares have added 0.64% in the pre-market to trade around $2751.77
Rising COVID-19 cases spoil the show for the markets on Wednesday. The U.S. has reported the single biggest spike on June 24 beating all previous records and thereby putting the chances of economic recovery under pressure.
While it is generally expected that Agora in its IPO will not raise below $315 million, the maximum amount raised may turn out to be a big surprise.
AWC revealed the launch of Amazon Honeycode builder. But this news did not help Amazon stock to make big gains on Wednesday. AMZN closed 1.09% down, $2734.40 per share, and is down in the pre-market.
Tesla has promised, among many other things, to create 5,000 jobs for the Texas county of Travis, as it proposes to build a new factory there. TSLA stock is down today.
Yesterday, Peloton stock closed at $54.88 per share, which marked its new all-time highest closing price. In the early trading today, PTON shares were 3.5% up. The opening price today totaled $55.98, at the moment of writing, it makes up $54.83.
Tencent stock price is moving higher and the company has good chances to be ranked as the biggest Asian company.
Facebook (FB) stock price rose slightly yesterday but was down in the pre-market today. But further growth is expected.
AstraZeneca’s COVID-19 vaccine clinical trials gave possible results. Hopes to see the speedy release of the vaccine boost AZN stock.
With the U.S. government showing the readiness to pump more stimulus in the economy, the investors are hopeful of faster recovery than expected. The latest data shows that the U.S. manufacturing contraction has slowed post the reopening of the economy in June.
A hopefully profitable move away from Intel, announced by Apple CEO Tim Cook, has pushed the company’s stock to a new all-time record high. Today in the pre-market, AAPL managed to hit $370.
JPMorgan (JPM), Texas Instruments (TXN), and Air Liquide (AI) stocks are highly cyclical businesses and best in class quality according to Latitude Investment Management CEO Freddie Lait.
Etsy stock price is rising amid the coronavirus pandemic. Facemask sales have been a core driver of this growth.