April 30th, 2025
Coronavirus Updates - Page 8
Bankrupt Hertz Sells Up to $500M in Common Stock but Expects Its Shares to Be ‘Worthless’
By Darya Rudz
June 16th, 2020
To sell the shares, Hertz has entered into an Open Market Sale Agreement, or sales agreement, with Jefferies LLC. In the pre-market today, Hertz (HTZ) stock is 9.52% up, $2.07 per share.
H&M Stock 1.5% Down Now, Its March-May Online Sales Jumped 36%, Retailer Is Recovering
By Darya Rudz
June 15th, 2020
In the March-May quarter, H&M’s net sales dropped 50% from a year earlier to 28.7 billion crowns ($3.1 billion). But its online sales have increased by 36% in the period. The company’s stock price is down.
Dow Futures Lost Nearly 600 points as Second COVID-19 Wave Seems to Have Come
By Teuta Franjkovic
June 15th, 2020
Several states in America have reported recent spikes in COVID-19 cases as measures are eased throughout the country. The market has reacted with a drop.
MRNA Stock Price Up 5% as Moderna to Start Testing COVID-19 Vaccine on 30,000 People in July
By Christopher Hamman
June 11th, 2020
Moderna (MRNA) stock price is climbing to its ATH of $69 again. Currently, the shares are trading at around $63.
Amazon (AMZN) Stock Up Nearly 1%, Dow Futures Down Over 800 Points
By Steve Muchoki
June 11th, 2020
The Dow futures have lost over 800 points today, meanwhile, Amazon (AMZN) stock is in the green now.
Fed Expects Near-Zero Interest Rates through 2022 and Will Keep Buying Assets
By Darya Rudz
June 11th, 2020
According to the Federal Reserve, the U.S. economy faces “considerable risks” over the medium term. The Fed promised to maintain a near-zero level of interest rates and keep buying bonds.
Zara Owner Inditex Reports Q1 2020 Loss of 409M Euro despite Jump in Online Sales in April
By Darya Rudz
June 10th, 2020
On the background of the pandemic, Inditex saw a 50% increase in online sales in Q1 2020. The peak was reached in April when Inditex online sales jumped by 95%. But the company said they are “not yet at normal levels”.
Moderna Stock Down 1% Now, Is MRNA Really the Most Promising Coronavirus Stock?
By Steve Muchoki
June 9th, 2020
Moderna (MRNA) stock is trading at around $58.48 now, while the shares closed yesterday at $59.10. As the COVID-19 pandemic is still a threat for us, Moderna’s mRNA-1273 makes the company popular among investors.
Nasdaq Hits Record while U.S. Economy Is Officially in Recession
By Darya Rudz
June 9th, 2020
Nasdaq Composite became the first of the big three indexes to bounce back to a record high. On Monday, it rose to 9,924.75, closing at the highest since February 19 when it ended at 9,817.18.
AstraZeneca Adressed Gilead Sciences to Discuss Potential Merger
By Darya Rudz
June 8th, 2020
If combined, AstraZeneca and Gilead Sciences would have a market capitalization of about $237 billion, exceeding Merck & Co and Pfizer worth $207 billion and $200 billion respectively.
How to Stabilize Your Finances amid COVID-19 Crisis with 401(k) Loan and Withdrawal
By Darya Rudz
June 6th, 2020
You should weigh up all the pros and cons considering 401(k) withdrawal or loan. Besides, it is better to first look into other options that wouldn’t reduce your retirement savings. If there are no, then think carefully about the amount you will need.
TSLA Stock Up 0.84% in Pre-market, Tesla Model 3 Is UK’s Best Selling Auto in May Again
By Darya Rudz
June 5th, 2020
Of 20,247 new cars registered in the UK in May, 852 were Tesla Model 3. In April, Tesla Model 3 was the best-selling car in the UK as well. Following the news, Tesla (TSLA) stock is 0.84% up in the pre-market.
American Airlines Stock Rises 41% as COVID-19 Crisis Is Backing Down
By Darya Rudz
June 5th, 2020
On Thursday, American Airlines (AAL) stock jumped 41% to $16.72 at the close, which is the biggest gain since 2013 when the company merged with US Airways. The jump followed the carrier’s announcement about boosting its capacity.
Gilead Sciences (GILD) Stock Rose 1.5% Yesterday on Remdesivir $7 Billion Sales Prognosis
By Darya Rudz
June 4th, 2020
According to SVB Leerink analyst Geoffrey Porges, remdesivir price is likely to be $5,000 per course in the US, $4,000 per course in Europe, and around $2,000 in other markets. Gilead Sciences (GILD) stock keeps rising.
COVID-19 Recession Is Over, Says Moody’s Analytics as ADP Data Show Start of Recovery
By Darya Rudz
June 4th, 2020
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.