Belarus is actively involved in the development of legislative framework for cryptocurrency and blockchain development.
SelectQuote is looking to raise about $342 million in an IPO that could value the owner of the insurance policy comparison website at more than $3 billion. The company will offer about 18 million shares at between $17 and $19 per share.
Finally, Aurora Cannabis implemented the announced 12:1 reverse stock split, mainly aimed at preventing the cannabis company from being delisted from the New York Stock Exchange. ACB stock is in the red now.
Ebang, a Chinese Bitcoin ASIC chip manufacturer, is looking to go public with new shares. The company has filed with the U.S. SEC for a $100 million IPO.
Virgin Galactic (SPCE) stock jumped 23% on Tuesday after the headlines that Virgin Orbit had won a government contract. Virgin Orbit is privately owned by Sir Richard Branson, different from the publicly traded Virgin Galactic.
The slowing number of new COVID-19 cases got the markets to cheer on Monday with a major rally. However, analysts are questioning the sustainability of this recovery with economic indicators showing a dark picture.
Bank of America (BAC) has opened its small business loan portal. This comes as its stock is down in the market due to the COVID-19 situation.
Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a well-known Bitcoin bull, has once again reiterated his bullish stance to the biggest cryptocurrency, predicting that Bitcoin should retest its $20,000 highs by the end of 2020.
Dow Jones futures and S&P 500 futures have changed little this morning, while Nasdaq futures rose modestly after California issued a “stay-at-home” order to slow the Covid-19 spread.
The NYSE is closing its physical trading floor for the first time in its history independently from the electronic trading which is going on. This closure is intended to remain temporary until things change.
Dow Futures, as well as the market in general, are very unstable these days. The ECB announced a new Pandemic Emergency Purchase Programme to support the European economy.