The coronavirus pandemic has given a major blow to the global and U.S. economy with the Manufacturing Index hitting a historic low. The banks have also reported their first-quarter earnings falling by a massive 46%.
Leading banks’ earnings have both beat and missed analysts’ expectations. Goldman Sachs, Citigroup, and Bank of America stocks are all down now.
Shares of the ‘Big 4’ U.S. airlines surged in pre-market trading on Wednesday after they accepted the government coronavirus bailout. United Airlines, American Airlines, Delta Air Lines, Southwest Airlines stocks have all risen by average 10% but are falling now.
Johnson & Johnson is planning to produce close to 1 billion COVID-19 doses by March 2021 if its human trials go well. Meanwhile, despite a small fall now, JNJ is slowly climbing higher and higher.
The U.S. is going to stop donations to the WHO amidst the outrageous coronavirus outbreak. The pandemic plunges the world into a global recession with a 3% global economy shrink.
Apple (AAPL) stock is doing quite well these days. This comes as good news after the iPhone maker was taking one beating after another at the stock market.
The number of Tesla car registrations in China rose 450% in March to reach 12,709 units. Some analysts believe backsliding is unlikely to take place in the upcoming days. Now TSLA stock is rising.
Amazon (AMZN) stock price rose to a new all-time high yesterday. Is it a good choice for investors now?
Yesterday, Tesla (TSLA) stock jumped 9.05%. The company is firmly on the seven-day winning streak, ending the session at a nearly six-week high.
Trump wants to reopen the country already in the nearest future but all people in the U.S. still should exclusively follow strict social distancing guidelines at least through the end of April.
Virgin Galactic (SPCE) stock jumped 23% on Tuesday after the headlines that Virgin Orbit had won a government contract. Virgin Orbit is privately owned by Sir Richard Branson, different from the publicly traded Virgin Galactic.
Within the partnership, Sanofi will contribute its S-protein COVID-19 antigen based on recombinant DNA technology, while GlaxoSmithKline will implement its proven pandemic adjuvant technology.
The clouds of the global economic recession in 2020 get darker day-by-day with the growing COVID-19 cases. The IMF has suggested a 6.3% drop in the economic activity for 2020 saying this could be the worst slowdown since the Great Depression.
Tesla (TSLA) stock added over $80, approximately 13% to trade above $730 today. The company has sent out an appeal to its landlords to cut the monthly rent cost amid the coronavirus crisis.
Wells Fargo’s net income made up $653 million. Its diluted earnings per share (EPS) is just $0.01, while analysts predicted earnings of $0.33 per share. Wells Fargo also failed to surpass the $12.3 billion net interest income in the year-earlier period. This time, it totaled $11.3 billion.