Today’s pre-market rise of Apple (AAPL) stock follows its CEO’s announcement about designing and producing face shields for medical workers. The company is already in the process of donating over 20 million masks to healthcare professionals.
As there finally appeared some positive news about the coronavirus cases, the global markets started to react. Today in the pre-market, Dow futures have gained 837 points already.
Oil prices are likely to stabilize globally very soon, as Russia and Saudi Arabia are getting very close to finalizing an oil production cut deal. It was confirmed by the CEO of the Russian Direct Investment Fund Kirill Dmitriev.
The United Kingdom is grappling through a ton of issues at this moment. On one hand, it is battling the COVID-19 outbreak which has now hit the country’s PM Boris Johnson. On the other hand, the country’s economic situation is getting from bad to worse.
Tensions flare up between oil giants Russia and Saudi as the OPEC meeting scheduled today has been postponed to Thursday this week. The U.S. President Donald Trump has personally intervened in this matter, however, there doesn’t seem a concrete outcome at this stage.
President Donald Trump invoked the Defense Production Act to ban “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus. 3M stock price went down.
Microsoft co-founder and philanthropist Bill Gates, who warned five years ago that the world’s greatest threat is a pandemic, believes that the current coronavirus crisis is “a nightmare scenario” but it could be worse.
The article provides an explanation of how the U.S. Federal Reserve devalues dollars by printing them in huge amounts and saves corporations for the money of taxpayers.
Tesla has begun to retrench its contract workers in the U.S. But not all news from Tesla can be viewed as negative. TSLA stock is in the green while stocks of many other companies are down.
3M is facing turbulence as the Trump administration meddles with its operations, making MMM stock unpopular among investors despite their products being involved in the fight against COVID-19.
Bank of America (BAC) has opened its small business loan portal. This comes as its stock is down in the market due to the COVID-19 situation.
Both the Dow Jones and the Nasdaq Composite managed increased but started to lose points as the COVID-19 outbreak continues to spread, affecting over 1 million people globally.
Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.
Amazon is taking measures to protect workers from novel coronavirus. Amazon (AMZN) stock has continued to rise to pick up from yesterday’s levels.
Apple is set to introduce its newest budget iPhone SE. However, today in the pre-market, AAPL stock wasn’t rising as it could have been expected.