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.
Renault Chairman Jean-Dominique Senard said that the merger between his firm and Nissan is nor views as an efficient one anymore.
After GlaxoSmithKline announced its plans to produce 1 billion doses of a vaccine adjuvant next year, the GSK stock price started to rise.
Tesla (TSLA) stock is down in the pre-market. Meanwhile, the company announced that it has slashed the price for its Model 3, Model S, Model X in North America and also reduced the price for its Model S and Model X in China to gain some competitive advantage.
The markets seem to start coming back to life. Dow futures are gaining points today in the pre-market.
The 750 billion euros EU recovery fund is said to include 500 billion euros in grants and 250 billion euros in loans.
According to Boeing, 737 Max planes production has begun “at a low rate”, and will gradually ramp up. Amid the news, Boeing (BA) stock has soared.
Theta Labs announced that Google Cloud is a new participant in its Enterprise Validator program. Google Cloud will now join other Enterprise validators like Binance, Blockchain Ventures, and Gumi.
Amazon is in talks to buy self-driving car tech company Zoox. However, it is said that Amazon is not the only potential buyer. Meanwhile, AMZN stock is slightly down.
Google is set to resume office activities starting on July 6 in a phased reopening which will see offices at only 10% capacity with plans to achieve 30% capacity by September 2020. GOOGL stock is up.
The Spanish government will approve a basic income program which will provide a guaranteed income for poorer Spaniards. The scheme’s introduction has been accelerated by the coronavirus pandemic.
Investors are bullish, but this enthusiasm can not help cruise stocks to recover to their former levels immediately. It is possible that it will take years for them to fully recover, even if the companies can sail promptly later this summer.
Moderna (MRNA) stock price fell yesterday. This happened as both Merck and Novavax are set to go into COVID-19 vaccine trials.
Novavax, a biotechnology company developing next-generation vaccines for serious infectious diseases, announced enrollment of the first participants in a Phase 1/2 clinical trial of its coronavirus vaccine candidate. NVAX stock is up.
Speaking of JPMorgan’s position, Dimon said the bank is “very valuable” at the current price. Despite its losses, revenues from JPMorgan’s trading division are still strong. Following his statement, JPM stock went up.
Apple (AAPL) stock fell slightly yesterday but is up now, as the company has announced its plans to reopen around 100 stores across the U.S. already this week.