April 30th, 2025
Coronavirus Updates - Page 9
Wayfair (W) Stock Jumps 13% as Piper Sandler Praises Retailer and Raises Its Price Target
By Darya Rudz
June 3rd, 2020
While Wall Street still undervalues Wayfair, its stock has rocketed about 800% since its bottom of $23.52 in March. On Tuesday, Wayfair (W) stock ended the trading session 12.87% up, $188.63 per share.
Apple May Reach $2 Trillion Valuation in 4 Years, Here’s How It Is Possible
By Darya Rudz
June 2nd, 2020
Evercore ISI analyst Amit Daryanani predicted Apple to reach a $2 trillion market cap in the next four years. According to Daryanany, this will happen when Apple (AAPL) stock gets to $550 per share.
Gilead (GILD) Stock Falls Nearly 4% Despite Positive Remdesivir Phase 3 Trial Data
By Darya Rudz
June 1st, 2020
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.
AMZN Stock Down 0.69%, Amazon CEO Jeff Bezos Says They Take Care about Employees amid Coronavirus
By Steve Muchoki
May 28th, 2020
Amazon (AMZN) stock is down now. During Amazon’s annual shareholders’ meeting held virtually, CEO Jeff Bezos defended the company’s response to the coronavirus threats.
Spain to Bring in Basic Income Scheme to Mitigate Coronavirus Impact
By Teuta Franjkovic
May 27th, 2020
The Spanish government will approve a basic income program which will provide a guaranteed income for poorer Spaniards. The scheme’s introduction has been accelerated by the coronavirus pandemic.
Cruise Companies’ Stocks Rocket as Investors Are Optimistic about Travel Industry Rebound
By Darya Rudz
May 27th, 2020
Investors are bullish, but this enthusiasm can not help cruise stocks to recover to their former levels immediately. It is possible that it will take years for them to fully recover, even if the companies can sail promptly later this summer.
JPM Stock Soars 7%, JPMorgan CEO Jamie Dimon Says Bank Will Boost Credit Reserves in Q2
By Darya Rudz
May 27th, 2020
Speaking of JPMorgan’s position, Dimon said the bank is “very valuable” at the current price. Despite its losses, revenues from JPMorgan’s trading division are still strong. Following his statement, JPM stock went up.
AAPL Stock Up Nearly 1% Now as Apple Will Reopen 100 Stores in U.S. This Week
By Christopher Hamman
May 27th, 2020
Apple (AAPL) stock fell slightly yesterday but is up now, as the company has announced its plans to reopen around 100 stores across the U.S. already this week.
MRK Stock Up 1.5% as Merck Set to Develop New Coronavirus Vaccine
By Christopher Hamman
May 26th, 2020
Merck (MRK) stock price is up today as Merck announced a new partnership with the International AIDS Vaccine Initiative (IAVI) to develop a coronavirus vaccine.
Latvia Set to Introduce Apple-Google COVID-19 Contact Tracing App
By Christopher Hamman
May 26th, 2020
Latvia is going to launch a COVID-19 contact tracing app based on the technology developed by Google and Apple.
Three European Union Data Experts Working on Blockchain-Based Coronavirus Passport
By Andy Watson
May 26th, 2020
Three European Union data experts, Guardtime, SICPA, and OpenHealth, are developing a blockchain-backed coronavirus passport that will register and store users coronavirus health status in real-time which will aid proper management and control of the pandemic
AstraZeneca and Oxford University COVID-19 Vaccine Trial: 50% Chance of Success Predicted
By Darya Rudz
May 25th, 2020
While the COVID-19 vaccine candidate of Oxford University and AstraZeneca has proved to be effective in the pre-clinical study, scientists warn it has a 50% chance of success and may return “no result”.
Moderna (MRNA) Stock Below $70 Again, Why It Jumped and Then Plunged?
By Teuta Franjkovic
May 24th, 2020
The Moderna episode is a case study of how the coronavirus pandemic and the desperate hunt for treatments and vaccines are shaking up the financial markets. Now Moderna (MRNA) stock is trading below $70 again.
Americans Spend Part of Coronavirus Stimulus Checks to Speculate in Stock Market
By Darya Rudz
May 22nd, 2020
There are no restrictions on how the stimulus package can be used, and many Americans spent them on investing. They buy stocks, securities, and cryptos.
Apple and Google Release Digital Contact Tracing Technology
By Steve Muchoki
May 21st, 2020
Apple and Google digital contact tracing system has launched in iOS and Android updates. It will allow public health departments to build their tracing apps.