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.
Fujifilm (FUJIY) shares closed with a 0.95% rise yesterday after the company confirmed it will send its favipiravir coronavirus drug to over 40 countries for trials.
Bitcoin price managed to move over $9000 as United States Treasury Department aims to borrow a record-high $2.99 trillion in net marketable debt in the second fiscal quarter of 2020.
The U.S. Treasury Department announced its plans to borrow about $3 trillion this quarter. The money is being used in large part to support the economy in the wake of the coronavirus pandemic.
Elon Musk has listed two of his houses for sale on Zillow.com. Meanwhile, Tesla (TSLA) stock is moving higher again.
Gilead Sciences (GILD) stock closed yesterday with a 0.38% rise to trade at $80.25. WHO wants to involve the U.S. government in making remdesivir globally available.
After Elon Musk said that “Tesla stock price is too high”, TSLA stock crashed by 12% and closed 10.30% down on Friday. Yesterday, it rebounded and closed 8.54% up, at $761.19.
Disney stock is especially vulnerable in the short term, while the company has a strong position in the long run. At the moment of writing, DIS stock is 3.67% down, at $101.61 per share.
Lyft and Uber are expected to release their earnings reports this week. Which one of them will weather the COVID-19 storm? At the time of writing, their stocks are in red.
While the company has had great gains as it works on a COVID-19 vaccine, Inovio (INO) stock fell last Friday, was down in the-premarket today but is up as trading began.
Mastercard announced a new president of its European business in the person of Mark Barnett, MA stock is 0.24% down now. The current price is $268.24.
Amazon (AMZN) stock price has fallen marginally after a great run last quarter. The tech stock could be testing support levels for a huge bull run. AWS could drive this growth.
After Friday’s crash, Tesla (TSLA) has begun to rise in the pre-market but now is falling again.
Moderna (MRNA) stock price is up as U.S. President Donald Trump has indicated that there could be a working COVID-19 vaccine by the end of the year.
The American multinational corporation Intel is going to acquire Moovit for $1 billion. Meanwhile, Intel (INTC) is slightly down in the pre-market.
Warren Buffett’s Berkshire Hathaway refrains from any fresh buys during this market correction saying that the market is just not attractive enough to make new investments.