Home News Market News Page 382

Market News - Page 382

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.

Market News

Market News, News

Western Union (WU) Stock Rises 8% in Pre-market as Company Offers to Buy Ripple’s MoneyGram

By Darya Rudz Jun 2, 2020 • 3 mins read

Currently, Western Union and MoneyGram are in talks on the buy offer, but no decision has been made yet. Following the rumors, both Western Union and MoneyGram stocks have soared. WU stock is over 8% up while MGI has managed to gain over 38% in the pre-market.

Market News, News

Apple May Reach $2 Trillion Valuation in 4 Years, Here’s How It Is Possible

By Darya Rudz Jun 2, 2020 • 3 mins read

Evercore ISI analyst Amit Daryanani predicted Apple to reach a $2 trillion market cap in the next four years. According to Daryanany, this will happen when Apple (AAPL) stock gets to $550 per share.

Market News, News

Pfizer (PFE) Stock Down 7% after Setback with Breast Cancer Treatment

By Godfrey Benjamin Jun 2, 2020 • 3 mins read

Pfizer suffers a setback in trials targeted at getting Ibrance approved as an early-stage breast cancer therapy. As a result, PFE stock lost around 7% yesterday.

Market News, News

Zynga (ZNGA) Stock Jumps 5%, Firm to Acquire Turkish Mobile Gaming Company Peak for $1.8B

By Muhaimin Olowoporoku Jun 1, 2020 • 2 mins read

As Zynga announced its plans to acquire Turkish mobile gaming firm Peak, ZNGA stock is in the green. Now it is around 5% up.

Market News, News

Moderna (MRNA) Shares Up 0.37% amid Investors’ Concerns about Stock Sales

By Christopher Hamman Jun 1, 2020 • 3 mins read

Moderna (MRNA) shares price us slightly up despite the investors’ concerns about stock sales. The stock has lost around $20 from its ATH of $80.

Market News, News

AMZN and AAPL Stocks 1% Up, TGT 2% Down as Amazon, Target and Apple Temporarily Close Stores Due to U.S. Riots

By Steve Muchoki Jun 1, 2020 • 2 mins read

As the U.S. riots continue spreading countrywide after the death of George Floyd, the stock market is anticipated to feel the heat. Amazon, Target and Apple have already temporarily closed their stores.

Market News, News

Gilead (GILD) Stock Falls Nearly 4% Despite Positive Remdesivir Phase 3 Trial Data

By Darya Rudz Jun 1, 2020 • 3 mins read

Despite the fact that the latest results of remdesivir trials are inspiring, Gilead (GILD) stock is down. By the moment of writing, it has plunged 3.97% to $74.71.

Market News, News

Tesla (TSLA) Stock Up 5% after SpaceX Astronaut Launch, Is There Any Relation?

By Godfrey Benjamin Jun 1, 2020 • 3 mins read

Elon Musk’s SpaceX astronaut launch has opened doors of opportunity to investors in space exploration. Meanwhile, Tesla (TSLA) stock is in the green today.

Market News, News

Slack (WORK) Stock Jumped Over 7% as Price Target Raised to $37 from $32 at Stephens

By Steve Muchoki May 30, 2020 • 3 mins read

Slack (WORK) stock was up 1.17% after hours to trade at around $35.46 after closing yesterday at $35.05 with an over 7% rise. Stephens raised its price target on WORK shares from $32 to $37.

Market News, News

CSCO Stock Up Nearly 1% as Cisco Acquires ThousandEyes for Around $1B

By Muhaimin Olowoporoku May 29, 2020 • 2 mins read

Cisco announced the purchase of ThousandEyes. The terms of the deal are unknown. But it is believed that Cisco has paid around $1 billion.

Market News, News

FB Stock Down 0.4% as Facebook Looks to Test New Live Commentary App Venue

By Godfrey Benjamin May 29, 2020 • 2 mins read

Social media giant Facebook is launching a new app dubbed Venue to serve as a second screen companion for live event commentary. The app will be tested with NASCAR’S Annual Food City Race on Sunday.

Market News, News

NetEase Files for Secondary Listing in Hong Kong

By Muhaimin Olowoporoku May 29, 2020 • 3 mins read

There are two reasons that may push NetEase to file for listing in Hong Kong. One of them is the rising geopolitical tensions between the U.S. and China and the second one the success of Alibaba in rsising capital in Hong Kong.

Market News, News

TSLA Stock Down 1.76% Yesterday but Up 0.4% Now, Tesla Sends Its Staff Members to SpaceX

By Steve Muchoki May 29, 2020 • 3 mins read

In the pre-market, Tesla (TSLA) stock has added around $4 from yesterday’s closing value. Tesla is said to have sent around 20 of its staff members to SpaceX to handle unspecified technical projects.

Market News, News

Johnson & Johnson (JNJ) Stock Price Rises 1.44%, Is It Good Time to Buy?

By Christopher Hamman May 29, 2020 • 3 mins read

As Johnson & Johnson (JNJ) stock prices rise, is the company can be still viewed as a good option for investors despite the legal issues?

Market News, News

WMT Stock Up 1% as Walmart Announces Prolonging of Remote Work

By Godfrey Benjamin May 29, 2020 • 3 mins read

Walmart Inc announced through its global chief technological officer, Suresh Kumar that thousands of its employees will continue remote work as a post COVID-19 reality.