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The Nasdaq 100 index showed a sharp recovery after the market crash and made a new intraday record on Thursday. Analysts are turning bullish over the reopening of the economy with many saying that the worst is behind us.
In April, the U.S. unemployment rate grew to 14.7%, the worst since the Great Depression. In May, the unemployment rate growth was not as high as analysts predicted, and it seems the worst is probably behind.
After the industry data showing fewer job losses than expected, investor sentiment turns positive on account of reopening the economy after a long lockdown period. Some analyst think that the period of U.S. economic recession is over.
BTC fails to breach its $10,500 yet again for the third time in the last eight months. Major liquidation and miner inefficiency pull Bitcoin price lower.
With major states in the U.S. lifting the lockdown, traders showed optimism over kickstarting the economy. So far, the market has ignored the civil unrest after riots broke out following George Floyd’s death. Analysts think that if this continues further, it can deter consumer confidence.
Currently, Western Union and MoneyGram are in talks on the buy offer, but no decision has been made yet. Following the rumors, both Western Union and MoneyGram stocks have soared. WU stock is over 8% up while MGI has managed to gain over 38% in the pre-market.
Bitcoin (BTC) has managed to go above $10,000 level. Meanwhile, riots across the U.S. are going on after the killing of George Floyd by Minneapolis police officers.
Despite the fact that the latest results of remdesivir trials are inspiring, Gilead (GILD) stock is down. By the moment of writing, it has plunged 3.97% to $74.71.
SpaceX Falcon 9 rocket arrived at the International Space Station 19 hours after blasting off Saturday afternoon from Kennedy Space Center. Since 2011, it is the first time the U.S. astronauts launched on an American rocket from the U.S. soil to the ISS.
SpaceX launched NASA astronauts Bob Behnken and Doug Hurley into orbit, successfully beginning the company’s first crewed mission. The event also represents the first time NASA has launched its own astronauts since the end of the space shuttle program nearly a decade ago.
Binance Smart Chain will run parallel to the company’s existing Binance Chain. But in comparison with BC, it brings numerous features to the Binance ecosystem, the main of which is the support of smart contracts.
The Digital Dollar Project group published its first white paper, where they explained the need for a tokenized version of the U.S. dollar and some possible directions for creating this system.
Dow, S&P 500, Nasdaq 100 are falling in the pre-market after it has become known that President Donald Trump is going to hold a news conference on China on Friday.
Top U.S.-based cryptocurrency exchange Gemini has announced integration with Samsung Blockchain Wallet to allow easy accessibility to its trading app by the users of the wallet.
The markets seem to start coming back to life. Dow futures are gaining points today in the pre-market.