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.
Tesla (TSLA) stock lost over 10% yesterday. The fall is attributed to a series of controversial tweets from Elon Musk. In one of them, he said that TSLA stock price is too high.
Moderna is moving forward with its coronavirus vaccine. The company announced a deal with Lonza Group AG to manufacture 1 billion coronavirus vaccine doses a year. MRNA stock is up.
Apple reported revenue of $58.3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street’s muted expectations. AAPL stock is down in the pre-market.
As it has become known that AstraZeneca and Oxford University are working together on a coronavirus vaccine, the AZN stock price is rising.
50,000 units of Remdesivir are ready for shipment. The drug has passed initial trials and has been proven to be effective in the treatment of COVID-19. Gilead (GILD) stock price is increasing.
Credit card stocks, Visa (V), MasterCard (MA) and American Express (AXP) rose 5.4%, 6.6% and 6.3% respectively on Wednesday, April 29. MasterCard Q1 earnings report beat analysts’ expectations.
The cryptocurrency market has regained over 100% from the March 12 flash crash leaving the stock markets far behind after they gained 36%. The majority of coins are in the green now.
Tesla CEO Elon Musk asked the government to give people back their freedom amid the coronavirus pandemic. The company reported Q1 earnings that beat analysts’ expectations. TSLA stock is up.
Microsoft (MSFT) stock price has risen as the software giant released its fiscal Q3 results. Sales increased by 15%, powered by Microsoft cloud business.
On April 29, when Facebook released its Q1 earnings, its shares rose by 6.17% to close at $194.19. In the pre-market today, FB stock has added 9.38% and is making up $212.40 per share at the moment of writing.
Zoom (ZM) stock is in the red. It happened after Google’s recent announcement that it is making its Meet free for everyone.
Bitcoin price surged 16% and crossed $9,200 by now. Market factors include the beginning of the removal of quarantine in the EU and the most powerful emission of the Central Bank of the EU and the Fed.
Following the positive news on the remdesivir trial, Gilead stock rebounded. Yesterday, GILD closed at $83.14 per share or 5.68% up. After hours, it added another 2.29% to trade at $85.04. The price is also rising today in the-premarket trading.
U.S. gross domestic product turned negative for the first time since 2014 in the first three months of the year as the coronavirus pandemic broadened out across the globe and country in March.
Tesla reported Q1 results, including a $16 million profit. A Covid-19 outbreak in China forced the company to suspend manufacturing in Shanghai for more than a week in February, and in the U.S. at the end of March. TSLA stock jumped 9% after hours.