Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
Facebook seems to be the next to join the $1 trillion market cap club. Visa, Tesla, and Berkshire Hathaway are also strong contenders in the race.
The developers of the Ethereum 2.0 project will launch the network final public testnet on August 4, reaffirming the possibility of the release of ETH 2.0 in 2020.
European leaders have agreed to borrow $858 billion from financial markets and distribute around half of it as grants and the rest as loans to EU countries.
The tech sector continues to drive market optimism despite the rising COVID-19 cases. Amazon has been the biggest beneficiary of government lockdown as the platform’s consumer spending has surged 60% year-over-year since the end of April 2020.
Following the company’s announcement about the success of its COVID-19 vaccine, Synairgen stock has increased significantly. Now it is nearly 470% up.
On July 16, Tesla stock closed 2.93% down, at $1,500.64 per share. After hours, it dropped to $1,488.04, losing 0.84%. In the pre-market today, Tesla stock was trading around $1,510 per share.
Regardless of the recent Bitcoin scam carried out through a Twitter hack, BTC price remained largely unaffected, only dropping about 1%.
Following a 6.8% decline in the Q1 GDP, China has recorded a growth in its economy in the second quarter. The country’s economy is recovering from coronavirus.
Twitter accounts of celebrities, major corporate company accounts, and famous politicians were compromised in one of the biggest Twitter hacks in history. As per Twitter, the hackers managed to access to the company’s internal systems and tools.
Moderna (MRNA) stock is up over 18% in the pre-market after adding 4.54% yesterday. The spike is attributed to the announcement that the coronavirus vaccine trial demonstrated a robust immune response.
JPMorgan’s corporate and investment banking businesses did pretty well during the pandemic period which helped the Wall Street giant to offset the losses of its consumer retail and commercial business. JPM stock price is rising.
Tesla (TSLA) stock managed to hit its new all-time high above $1750 on Monday, July 13, reaching a new milestone of $300 billion market cap. However, it closed with a loss of 3%, at $1,497.06.
The Wall Street rally seems to have come to its end as most defining stocks closed lower amidst increasing COVID-19 cases.
Pfizer and BioNTech stocks have jumped in response to receiving ‘Fast Track’ status on their coronavirus vaccine candidates. PFE and BNTX prices are rising.
This week, the S&P 500 companies are expected to announce their Q2 2020 earnings. Things will be slightly different from their usual state considering the current situation.