The Bank of England cuts interest rates by half. The country’s Health Minister Nadine Dorries tested positive for coronavirus.
The coronavirus is negatively influencing the markets. Though Apple (AAPL) stock was moving up yesterday, today it is falling again.
Google (GOOGL) stock rose 4.88% on Tuesday as the company is expanding work from home recommendation to all North American employees and established ‘COVID-19 fund’
Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.
The U.S. Treasury yields increase volatility caused by coronavirus panic as the number of confirmed cases in the country is growing.
Citron Research warned investors that Ino stock would fall back to $2 and called for the Securities and Exchange Commission to investigate Inovio and suspend trading of its stock.
There is nothing so far to suggest that there will be a permanent impact on businesses, or that earnings will not eventually recover. But when you want to invest during the crisis, you need to think about long-term benefits.
While TSLA stock is quite unstable these days, Tesla has announced its new plans for its production activity in China.
Monday’s oil market crash left the Brent crude price hit its multi-year low as Saudi threatened to open its oil production taps to the tune of 12.3 million barrels per day from April 1. Russia’s energy ministry is likely to hold a meeting with the Russian oil companies later today.
After Monday’s market crash, President Donald Trump assured some fiscal stimulus measures with possible tax relief for the year 2020. Tuesday’s market recovery was most likely in the hopes of this announcement.
PayPal lost over 8% of its stock price yesterday as it feels the brunt of the biting coronavirus epidemic. The company’s execs have also been dumping shares.
Elon Musk has announced that Tesla has now produced 1 million vehicles. Tesla (TSLA) stock positively reacted to this announcement and jumped almost 10% in the premarket.
As the markets have started to recover after the recent fall, Bitcoin price has finally managed to go beyond the level of $8,000 today.
Call of Duty authors are launching a new battle royale game Warzone that will try to bite off a market share from Apex Legends, Fortnite, PlayerUnknown Battlegrounds, etc.
Last week major stock and cryptocurrency trading app Robinhood experienced a major outage. On March 9, it went offline again.