Tesla is implementing cost-cutting measures, including unpaid leave for its employees, barely a month after CEO Elon Musk said coronavirus threat is dumb.
Microsoft sees Zoom as a massive threat. Zoom is functional. But its security and privacy remain rather questionable. Microsoft can use such a situation in its own interests. Meanwhile, yesterday MSFT stock gained 1%.
Disney (DIS) stock price is increasing as the company has announced that the number of Disney+ subscribers is growing.
Investors cheer up as Tesla plans to restart its production starting next month. Currently, Tesla is using its gigafactory assembly in New York to make ventilators for the COVID-19 patients. TSLA stock is trading at around $550.
While the world is grappling with COVID-19, billionaire Mark Cuban sheds some light on how it can change things positively for the business world.
The Dow Jones Industrial Average is actively gaining today as well as many stocks on the market. Meanwhile, U.S. coronavirus cases have topped 400,000
Disney (DIS) stock price is falling. Wells Fargo analyst Steven Cahall stated that the studio’s theme parks division will need a couple of years to return to normal business.
It is impossible to find an economy in Europe that is not affected by the coronavirus crisis. However, ministers in the Eurozone region have not reached an agreement on coronavirus efforts even after deliberating for hours on end.
Zoom Video Communications (ZM) stock price lost $9.19 approximately 7.48% on April 8. The fall is being attributed to the class-action lawsuit. Zoom is being sued for not disclosing privacy security flaws.
Amazon (AMZN) stock is set to climb higher as the company suspends its new shipping services to focus on its core business as customer demand spikes.
Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday.
Google (GOOG) stock is trading approximately 7.45% up since Monday. Google’s G Suite experienced a surge of over 1 million paying businesses to hit 6 million customers in March.
Despite the latest disruption in its supply chain and operations due to the coronavirus pandemic, Apple continues its investments in new-age start-ups and acquired AI start-up Voysis. AAPL stock is slightly down.
Tesla will cut pay for its employees and furlough hourly workers after health orders to curb COVID-19 have forced it to suspend new vehicle production. TSLA stock is in the green.
The war for the oil market share between Russia and Saudi Arabia has forced the U.S. oil producers to severely cut their budgets and production outputs. The U.S. could possibly be a net importer of oil by the Q3 2020.