The FED’s Jerome Powell and Secretary of Treasury Steven Mnuchin announced insane stock buyout. They want to support the economy to deliver relief to small businesses. They implement a zero rate on repo operations to make sure the bank has short-term funding.
On Monday, the Dow Jones corrected another 3% falling 600 odd points and reaching close to 18,500 levels. Another bill passed by the U.S. lawmakers failed to get the Senate clearance. On the other hand, the Federal Reserve has announced a strong stimulus to support the ailing economy.
The schedule for the iPhone 12 release is fall 2020. However, it may change because of the current situation with the coronavirus outbreak that affects markets. Today, Apple (APPL) stock dropped.
Toilet Paper Calculator websites flourish, while the supply chains barely digest increased demand. Want to calculate how much paper you need for the quarantine? You have a couple of websites for that and a ton of companies ready to provide the stock.
Tesla (TSLA) stock is in the green now. Tesla, GM, and Ford have been given the go-ahead to ramp up the production of ventilators used in the treatment of coronavirus patients.
While Google is working on its COVID-19 website, Alphabet (GOOGL) stock is trading in the red. Now its price is around $1036 per share.
Johnson & Johnson (NYSE: JNJ) stock lost 5.64% on Friday and is 2.33% down today. The company’s CEO Alex Gorsky reassured that the company will have important data by the end of the year to offer a coronavirus vaccine.
Disney (DIS) stock price is falling due to the poor performance of its “Onward” movie. COVID-19 is causing disruptions in the entertainment industry apparently. Meanwhile, Disney+ is launching in Europe.
The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.
Tom Barrack, the head of Colony Capital real estate investment firm, claims that the next big crisis can be harder than the Great Depression. He suggests that the market needs an additional supply of liquid cash, as well as borrow system restructuring until 2024.
Oil prices seem to get better after a horrible week. OPEC may resume pumping the markets with fresh oil.
Alibaba and Tencent stocks indicate resilience amid the coronavirus stock market effect. China, the first country to be hit by the deadly coronavirus in early December, now aims to be a stabilizing force in the global market.
In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.
Merkel’s quarantine does not mean she will stop her official business, as the leader will continue working from home. She will also have regular COVID-19 tests in the coming days.
Amazon (AMZN) stock looks rather attractive for investors these days. The main reason for this is the tenacity that it has shown in the fight with the coronavirus effect on the market.