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.
Spotify’s new Group Session feature offers real-time collaboration when people are gathered together. It supports up to 100 users. SPOT stock rose on Monday.
Shanghai Disneyland has reopened after China declared reopening its economy after the pandemic. In the upcoming week, Disney will gradually get back to welcoming visitors to other resorts. DIS stock is in the red.
Finally, Aurora Cannabis implemented the announced 12:1 reverse stock split, mainly aimed at preventing the cannabis company from being delisted from the New York Stock Exchange. ACB stock is in the red now.
Quidel (QDEL) stock goes up as the healthcare manufacturer has received approval from the US Food and Drug Administration (FDA) for its COVID-19 antigen test. It is quicker, cheaper and easier to develop than most other diagnostics.
Richard Branson will sell the Virgin Galactic shares “from time to time by means of ordinary brokers’ transactions.” Credit Suisse Group AG will manage the sale.
Shares of AMC Entertainment rocketed 47% in active pre-market trading today, as it was reported that Amazon is interested in acquiring the struggling movie theater chain.
Under Armour reported a first-quarter loss of $589.7 million. On a per-share basis, the Baltimore-based company said it had a loss of $1.30. Today in the pre-market, UAA stock is at around $9, it means it has lost 10%.
On Friday, Johnson & Johnson (JNJ) stock closed 0.75% up at $148.70. In the pre-market today, JNJ shares are up another 0.20% up, trading at $149.00.
After closing last week at $819.42, Tesla (TSLA) stock is now down 3% to trade at around $792. The company highlighted its plan to bring employees safely to work, amid the coronavirus crisis.
The U.S. unemployment rate in April 2020 has got worst since the Great Depression at 14.7%. This was a steep jump from the 4.4% rate in March 2020. The Trump administration is looking at ways to reopen the economy and get the engine running.
Elon Musk has always had a very negative opinion about the coronavirus-related shutdown orders. Now he wants to relocate Tesla operations from California to other states. Meanwhile, TSLA stock went up on Friday.
Walt Disney (DIS) stock is reacting to the company’s plans to open its Shanghai park. Now the stock is trading around 2% up from teh previous close.
It has become known that the supply of Moderna’s coronavirus vaccine will be limited and the U.S. government will help to choose who will be the first to get it. Meanwhile, today Moderna (MRNA) stock is around 10% up.
Paul Tudor Jones says that investors should forget about the old ways of doing things and start taking Bitcoin seriously.
Jobless claims last week totaled 3.17 million, the U.S. Labor Department reported on Thursday. Though the numbers remain elevated, it’s the lowest total since after the coronavirus was declared a pandemic.