United Airlines has reached out to the U.S. government requesting $4.5 billion in loans to keep their operations floating. The airlines operator has also offered the government a higher stake in the company with a fresh stock offering.
According to Facebook, the aim of the investment in Jio Platforms is to create “new ways for people and businesses to operate more effectively in the growing digital economy.” FB stock is rising in the pre-market.
Snap (SNAP) stock jumped over 20%, from trading at $12.44 to $15. The surge is attributed to a strong growth of revenue and daily users recorded in the first quarter.
iPhone shipments are going to drop by 20-25% this year despite the launch of a new budget iPhone SE. Such a situation could change the way Apple is doing business. AAPL stock price lost 3% yesterday.
During the Q1 2020 fiscal quarter, Netflix has added as much as 15.77 million paid subscribers globally. This is nearly twice more than 8.2 million net paid subscribers expected. Yesterday, NFLX was slightly down.
Apple is expanding its services like App Store, Apple Podcast, iCloud, Apple Music to the additional markets in Africa, Europe, Asia Pacific. However, AAPL stock is in the red today.
Despite the current tough circumstances, Spotify is continuing its investment in the podcast streaming business. The company has launched 17 new editorial podcast playlists. SPOT stock is down today.
The price of Bitcoin has fallen under $7,000 in response to the serious crash of WTI oil futures price.
After closing yesterday at $746.36 with a 1% drop, Tesla (TSLA) stock is down around 6% now. It is predicted that Tesla stock price would hit $2,000 in 2019.
Novavax (NVAX) stock climbed 25% yesterday, adding to its current 2020 gains, as the company makes progress on its COVID-19 vaccine candidate. However, today NVAX is 14% down.
As of the market closed on Monday, shares of Inovio Pharmaceuticals (INO) were up by 9.6%, while Moderna (MRNA) rose 10.3%. Novavax (NVAX) blasted higher by 24.7%, and VBI Vaccines (VBIV) posted a comparable 24.2% gain.
Moderna (MRNA) stock is one of the biotech firms taking the lead in the current fight against COVID-19. The company could see fortunes change soon. Yesterday, MRNA gained over 10%, today in the pre-market, it is up another 3.89%.
Beyond Meat (BYND) is rising, while Starbucks (SBUX) shares price is falling amid the ongoing coronavirus crisis globally. Starbucks is going to debut Beyond Meat Products in China as part of the coffee chain’s sustainability push.
The Dow Jones lost nearly 600 points at the start of the week. This comes as U.S. lawmakers are set to determine further stimulus measures for the economy. President Trump has also recently announced a temporary suspension in immigration.
With the global aviation industry coming under major distress, Richard Branson has reached out to the U.K. government for a loan to keep Virgin airline business afloat and ensure that the job losses are reduced. SPCE stock is down now.