The Tesla (TSLA) stock price has crashed 45% from its 2020-high in less than a month’s time. Morgan Stanley has reduced the target for the Tesla stock and global economic concerns weigh in.
Bill Gates co-founded Microsoft in 1975 with Paul Allen and was CEO until 2000. Gates was director of the board at Microsoft until 2014. But now he is leaving the board to focus on philanthropy.
Donald Trump declared a national emergency over the coronavirus pandemic.The declaration frees up as much as $50 billion in financial resources to assist Americans affected by the outbreak.
U.S. President Donald Trump is expected to announce a national emergency amid growing cases of coronavirus in the country. The emergency would invoke the Stafford Act, which would allow more federal aid to states and municipalities.
European shares closed higher on Friday after their worst sell-off in history, as the fast spread of the coronavirus pandemic continues to dominate investor sentiment.
Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.8%. The S&P 500 rose 5.2%, while the Nasdaq Composite jumped 5.7%.
The bears who thought that a U.S. market crash was coming have retreated as the markets recover slightly from Thursday’s onslaught. Further interventions by both the U.S. Government and the FED are also coming through.
Airlines are seeing a heavy reduction in the number of customers that patronize them, leading to a crash in their stocks.
Inovio stock has been swung significantly in the last 24 hours after rising on news of a new grant and plunging on news of its poor Q4 report.
After a terrible market crash on Thursday, Dow futures and a few others, are starting to slowly correct some of the losses they incurred.
OKEx surpassed BitMEX in the Bitcoin futures volume while exchanges face challenges in dealing with extreme market.
Cryptocurrency prices fell sharply yesterday. This is one of the worst days in the history of the cryptocurrency markets. There seems to be hope and a few opportunities as well.
In general, the crypto market is on the wane today. Bitcoin, Ethereum, XRP and other coins are dropping. More volatility is expected. BTC price has returned to the above $5,000 levels.
Apple and Microsoft have lost around $400 billion each during the latest market sell-off over the last month. Analysts weigh in suggesting Microsoft a better buy over Apple at this stage.
As the whole markets come crashing down, Tesla stock price tanked 11.62% on Tuesday closing at $560 levels. With the Tesla production taking a massive hit, analysts are slashing the target for its stock price.