Luckin Coffee’s investors “should no longer rely upon” its previous financial statements over the last three quarters of 2019, as the figures have been faked by its COO Jian Liu.
Disney (DIS) stock manages to gain over 2% yesterday. However, today in the pre-market, it is falling. Disney+ is entering India.
While businesses like Zoom and Peloton have witnessed a massive surge in its user-base, popular short-seller Jim Chanos says that one must study these companies fundamentals before investing in them rather than going with the wind.
Various private-equity firms have shown a strong interest in Asda. The deal could value Asda at more than 7 billion pounds ($8.6 billion). But because of coronavirus, Walmart has paused the sale process.
U.S. President Donald Trump told CNBC that he had talked to his counterparts in Russia and Saudi Arabia to work out a solution for the crashing oil markets. Saudi Arabia has called for an “urgent” meeting between OPEC and its allies. Oil price went up.
According to Moderna Chairman Noubar Afeyan, the second phase of human trials of the COVID-19 vaccine might begin this spring. If the testing is successful, the 3rd phase will immediately begin. MRNA stock went up.
Saudi Arabia has called for an urgent meeting with all the OPEC members and the non-OPEC oil producers to stabilize the global oil prices. After the news, the oil price jumped almost 25%.
Amazon is at a critical time currently due to the coronavirus as it has hit some of the firm’s warehouse with staff testing positive. Amazon (AMZN) stock price is very unstable these days.
The Dow Jones dropped over 100 points on Thursday shortly after the start of today’s session as the Labor Department reported that initial jobless claims in the United States doubled to 6.6 million last week.
Zoom (ZM) stock is falling continually in the past several days after ‘Zoom Bombing’ hackers attacked its video conferencing service but investors are confident the stock will rise in the long-term.
U.S. oil prices jumped 10% to clinch above $22 per barrel on Thursday after President Donald Trump said the oil price tag war between Russia and Saudi Arabia may come to its end soon.
Top five Dow Jones stocks in Q1 include Microsoft (MSFT), Walmart (WMT), followed by Intel (INTC), Johnson & Johnson (JNJ), and Procter & Gamble (PG).
The Gates Foundation ponied up $100 million to assist in the battle against the spread of coronavirus in February after committing to $10 million in January when the outbreak started. Now Gates insists on the necessity of a nationwide shutdown.
According to Detroit Mayor Mike Duggan, Abbott Laboratories COVID-19 tests are already available for first responders who are self-isolating but have yet to test positive for the virus. ABT stock was down yesterday.
Technical indicators claim Bitcoin price may move up, but the bears are still here. BTC price undergoes a sudden pump right after equity trades ending. Expert sets likely price range, which is within $5,150 and $7,200.