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 rival Nio hasn’t lowered its annual forecast as a result of the coronavirus. At the time of writing, NIO stock is 12% up.
Barclays reported that its Q1 net profit had plunged 42% year-on-year and it decided to take a credit impairment charge. Meanwhile, BCS stock is up.
Alphabet (GOOG) stock price is rising today after the company has published its earnings report for the first quarter of this year. The results are better than it was expected.
Standard Chartered is currently bullish about its chances for earnings, regardless of the coronavirus pandemic. STAN stock is 5% up now.
The COVID-19 pandemic has put a dent of Facebook’s advertising revenue as businesses turn conservative on their marketing spends. However, analysts are hopeful that Facebook will make a good recovery in the coming months. FB stock is rising now.
Ford (F) stock price fell about 5% at the news of its losses in Q1. Poor earnings results are mostly related to the COVID-19 situation.
Moderna Inc proceeds ahead for the Phase 2 clinical trial of its vaccine to fight with the coronavirus. The company has received a nod from the Food and Drug Administration to proceed ahead with the project. MRNA stock is in the green in the pre-market.
As Tesla (TSLA) stock market value reached a six-month average of $96 billion, it becomes closer to a $100 billion market-cap milestone. This means Elon Musk is in line for a stock-option grant and a vast options payday. TSLA is 2.45% up in the pre-market.
Pfizer (PFE) stock jumped after the company reported an increase in earnings and sales in the first quarter. However, now PFE stock is in the red.
Tesla has released a new software update for its customers who are having the hardware-3-equipped Tesla models. This update detects signals on cross-roads and automatically stops the car as required. TSLA stock rose 10% on Monday.
While the total count of the infected COVID-19 cases continues to rise, countries mull the option of restarting economic activity on different fronts after a month of major lockdown.
AT&T CEO Randall Stephenson will retire while the company’s President and COO John Stankey will replace him. AT&T stock is in the green.
Tesla (TSLA) stock is slightly up as the company’s future in the Chinese market gets shaky amid the coronavirus outbreak. Meanwhile, the Bank of America’s analyst downgraded TSLA from neutral to underperforming.
Despite its size, Alphabet is getting slapped around a bit this quarter along with the rest of the digital advertising space. However, GOOG stock may still be a good choice.
Bill Gates outlined the innovations needed to stop the Covid-19 pandemic and reopen the economy in a new blog post. He said the world must advance its treatments, vaccines, testing, contact tracing.