Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday. The number of coronavirus cases in the U.S. has hit a new record. On Wednesday, it surpassed 400,000, doubling in just one week. The number of deaths in the country reached 12,864. The U.S. is reporting most COVID-19 cases worldwide, followed by Spain, Italy, France, and Germany. The coronavirus statistics are deplorable, and cannot help but take a toll on global stocks that have turned negative.In the U.S., the Dow Jones Industrial Average decreased yesterday by 0.12% to 22,653.86. In pre-market today, it is further lowering, being 0.30% down at the moment of writing, at 22,585.20. Nasdaq

Amazon could buy a company like Zoom or Slack and replace its Chime app. Such an acquisition may help Amazon immediately increase its user base and at the same time focus on infrastructure. AMZN stock is up in the pre-market.Amazon.com Inc (NASDAQ: AMZN) stock has been showing good performance for several days in a row since last Thursday. Then, it was trading at $1,920.20. On Friday, Amazon stock was up in pre-market and climbed further during the trading session and closed slightly down at $1906.59. Today, in pre-market trading, Amazon (AMZM) stock is also 2.80% up, $1,959.90 at the moment of writing. At the same time, there can be some changes introduced by Amazon in regards to its Chime app.Amazon stock’s upgrading followed some important announcements by the company. Firstly, the NY

Today’s pre-market rise of Apple (AAPL) stock follows its CEO’s announcement about designing and producing face shields for medical workers. The company is already in the process of donating over 20 million masks to healthcare professionals. On Friday, the stock of the Big Four technology company Apple Inc (NASDAQ: AAPL) closed 1.44% down at $241.41. Today, the situation has improved, and Apple stock is trading 4.06% up in the pre-market. At the moment of writing, it makes up $251.20 per share.Opinions on the future stock movements have divided. Some Wall Street analysts have taken down their estimates for Apple stock because of the coronavirus pandemic. For example, Morgan Stanley analyst Katy Huberty cut her price target to $298 from $328, which is already the third time she changes her

The article provides an explanation of how the U.S. Federal Reserve devalues dollars by printing them in huge amounts and saves corporations for the money of taxpayers.Nobody expected a sudden collapse of the global economy this year. Production and consumption volumes have fallen to incredibly low levels, and Goldman Sachs analysts predict in the second quarter of 2020 GDP contraction will make up 24%. Such a discouraging forecast contradicts central banks’ vision, and to handle the situation, they come up with a similar decision: to print money. Calling this initiative like “Coronavirus Stimulus Package”, they print dollars, euros, pounds, etc. But the consequences of this panacea are controversial. Let us see what can happen in the example of the U.S. Federal Reserve.Federal Reserve,

Abbott Laboratories (ABT) stock rises further following the company’s announcement about its system for identifying coronavirus. Today, during the pre-market hours, Abbott Laboratories shares were 8.77% up. Now they are 6.83% up.It is high time to see where do things stand in healthcare companies. One of them, Abbott Laboratories (NYSE: ABT), has recently got FDA approval on its coronavirus test m2000 RealTime System, which takes a 5-minute minimum to get the results. The test is portable and convenient, therefore, any health-care setting can use it. As a result of the announcement, Abbott Laboratories stock drastically rose.On Friday, Abbott Laboratories stock plunged by 1.65% and closed at How Abbott Laboratories Test FunctionsAccording to the company, its COVID-19 molecular test looks

Dow Jones started the day with losing 1,058 points, or 4.7%. The S&P 500 was down 4% and the Nasdaq was 3.87% lower. Alphabet (GOOGL) stock is in the red as well.Friday’s trading started with Wall Street in red, with tech stocks going south. For instance, Alphabet Inc (NASDAQ: GOOGL) stock started the trading session at $1,127.47. At the moment of writing, Alphabet stock makes up $1,120.00 per share. It means that now GOOGL stock is falling nearly 4% if compared with the previous closing.Other stocks are also showing not the best performance. United Airlines Holdings Inc (NASDAQ: UAL), Delta Air Lines Inc (NYSE: DAL), American Airlines Group Inc (NASDAQ: AAL) tanked between 6% and 9%, Boeing Co (NYSE: BA) lost 11% soon after jumping by 90% this week.Stock market indices have also climbed

Tesla stock’s rebound makes us believe that Tesla shares are now a good investment. At the moment of writing, TSLA stock is trading at over $545.After a long downfall, Tesla Inc (NASDAQ: TSLA) stock rises again, which allows investors to believe in the car manufacturer’s long-term prospects. Today, its price has been $521.50 or 3.27% up at the opening. At the moment of writing, it is even higher, $549.14. Tesla stock has added $44At the beginning of 2020, Tesla witnessed heavy trading volumes on Wall Street and promised well. But with the coronavirus outbreak, all the hopes foundered. The company’s stock, as well as shares of other prominent market players regardless of the industry they operate in, started plunging. The plunge was steady and long when finally Tesla (TSLA) stock reached

Because of COVID-19, consumer demand for advertising (30% to 45% of Facebook’s total revenue) has fallen. Facebook (FB) stock has also suffered. Today, it has opened at $158.92.Facebook Inc (NASDAQ: FB) stock is suffering as the coronavirus continues its spread and badly affects the market. On Tuesday, the Facebook stock closed at $161.23 and further dropped in the after-hours sales. Today, it has opened at $158.92 but already tanked by 3.33%. At the moment of writing, the Facebook stock price makes up $155.09. What will happen in the next few hours is unpredictable. As experts have explained, Facebook stock drops as a result of its weakening advertising business. It is suffering mainly in countries where actions taken against COVID-19 are the most drastic. Why Facebook (FB) Stock

The schedule for the iPhone 12 release is fall 2020. However, it may change because of the current situation with the coronavirus outbreak that affects markets. Today, Apple (APPL) stock dropped.In autumn this year, Apple Inc (NASDAQ: AAPL) is scheduled to release its new iPhone 12 and iPhone 12 Pro. Recently, the company revealed some tech details of the gadgets, and take our word for it, they are really impressive. However, the announcement hasn’t had a positive impact on teh AAPL stock price. Let us have a deeper look at what Apple promises for users.iPhone 12: Breakthrough Camera and New DesignThe new iPhones will be Apple’s first 5G phones. They will sport a quad-rear-camera array and 120Hz OLED displays across four models: 5.4 inches, 6.1 inches (two phones) and 6.7 inches.The most

Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.” However, Intermex has recently declared it will not use XRP technology for its Mexican remittances.Intermex is the world’s leading remittance provider from the USA to Mexico. Every year, it processes over 30 million payment transactions via a network of 100,000 payer locations. Notably, Mexico is the

In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.Recently, money transfer company MoneyGram has released its 2019 annual report. According to MoneyGram, it has sold $11.3 million worth of XRP received as a result of its commercial partnership with Ripple.As MoneyGram has revealed in its filing to the SEC, its loss in the fourth quarter of 2019 has totaled $11.9 million. However, the company assured the loss was compensated by XRP sales.MoneyGram 2019 annual report reads:“The Company is compensated by Ripple in XRP for developing and bringing liquidity to foreign exchange markets, facilitated by the ODL platform, and providing a reliable level of foreign exchange trading activity.”MoneyGram signed

Merkel’s quarantine does not mean she will stop her official business, as the leader will continue working from home. She will also have regular COVID-19 tests in the coming days. Coronavirus gives no quarter to anyone, all of us can become at risk. Outstanding political leaders are no exception, and German Chancellor Angela Merkel has already checked it by her own experience. Currently, her ability to remain the public face of the country is under question, as after contact with COVID-19-infected doctor, Angela Merkel has to stay in quarantine.Angela Merkel in QuarantineOn Friday, the German Chancellor had a precautionary vaccination against bacterial pneumonia. Later, it turned out that the doctor who administered the vaccine was positive for coronavirus. After this news, Angela Merkel

Moderna (MRNA) stock tanked by 10.48% on Thursday. The slide followed FDA Stephen Huhn’s statement that the COVID-19 vaccine is at least a year away.After a short upward, Moderna Inc (NASDAQ: MRNA) stock has plunged. Yesterday, it closed at $28.27, 10.48% down from the previous mark. Before, Moderna stock had a sweet period, albeit short, accompanied by the positive coronavirus news.Moderna (MRNA) Stock PriceOn March 16, the biotech company dosed the first patient in a study of its coronavirus vaccine, with Seattle becoming a test site. Within phase 1 of the study, Moderna is evaluating its mRNA-based vaccine against COVID-19. As a result of the news, its shares skyrocketed by 24%. The next day, MRNA shares added another 6.38% and closed at $28.18. On March 18, the stock continued the

The White House has asked Congress for $1.3 trillion amid the coronavirus crisis. This sum includes $500 billion in direct payments to Americans, $50 billion in loans to the airline sector, and $150 billion to other “distressed sectors” of the economy.To survive in the coronavirus crisis, the U.S. White House has come up with the proposal to send Americans relief money. Donald Trump‘s administration is planning to make direct payments of $1,000 per adult and $500 per child as a part of a great stimulus package to mitigate the effects of COVID-19.The congressional leaders of both parties are now discussing the proposal. According to Treasury Secretary Steven Mnuchin, if passed, the plan will be lived up within three weeks.The total amount of direct payments would make up $500 billion. The

Avigan, also known as Favipiravir, is a Japanese flu drug developed by the healthcare arm of Fujifilm. 340 patients taking the drug found it reduces recovery time and improves their lung condition. Enthralled by COVID-19, the world is waiting for a hero who will find the coronavirus vaccine. And one of the most widely-discussed variants to treat coronavirus today is Favipiravir (or Avigan). Worldwide famous biotech companies such as Gilead Sciences Inc (NASDAQ: GILD), Inovio Pharmaceuticals Inc (NASDAQ: NVAX), Moderna Inc (NASDAQ: MRNA), Regeneron Pharmaceuticals Inc (NASDAQ: RGN), and Novavax Inc (NASDAQ: NVAX) are working hard to rescue the world. Other enthusiasts whose initial focus is not medicine also contribute their efforts. For example, we have recently written about a group of

For Walmart, the coronavirus outbreak has taken a beneficial turn, as the demand for some categories of goods and the number of deliveries have notably increased. This week, Walmart (WMT) stock cleared the 125.48 buy point.While the whole market is in the red because of coronavirus, Walmart Inc (NYSE: WMT) stock maintains its position. Moreover, it has managed to jump and reach a new high.On Wednesday, Walmart (WMT) stock got a second upgrade this week and cleared the 125.48 buy point. It closed at $122.58, having gained 2.78%. Today, it was $124.70 during the pre-market sale. At the moment of writing, the retail corporation’s shares are trading at Meanwhile, the other stocks are dropping. Tesla Inc (NASDAQ: TSLA) stock is 16.03% down, which resulted from the order of Bay Area’s local

On Tuesday, the Bay Area’s local sheriffs’ department ordered the Tesla factory shutdown, but the plant with its 10,000 employees is still operating. TSLA stock is down.One would think that Tesla Inc (NASDAQ: TSLA) stock has already been to the lowest possible level. However, it still continues sliding, reaching the price below $400. Yesterday, TSLA stock closed at $361.22, 16.03% down. This anti record movement resulted not only from coronavirus that has undermined the whole market but also from the statement of Bay Area’s Alameda County. On Tuesday, the local sheriffs’ department ordered the Tesla factory shutdown and called the company a “nonessential business.”Will Tesla Factory Stop its Activity?Earlier, seven Bay Area counties ordered 7 million residents to shelter in place for three

Yesterday, Amazon (AMZN) stock rose, rebounding 7.03% and closing at $1807.84. However, the positive movement did not last long, and in the premarket today, Amazon stock was down again. It was trading at $1,725.00, $82.84 (or 4.58%) lower.While big companies are closing their offices all over the world, Amazon.com Inc (NASDAQ: AMZN) is recruiting people. Notably, the hiring process has become a necessity due to coronavirus. As people are now afraid of going outside, the number of orders for home delivery has increased several-fold. To handle the endless flood of orders, Amazon is hiring 100,000 employees. In addition, the retailing giant is also raising existing workers’ pay by $2 an hour. According to Amazon senior vice president Dave Clark, the total new investment is $350 million. As a

DAWN is the new Wall Street’s stock acronym that stands for Domino’s Pizza, Activision, Walmart, and Netflix. These stocks, as well as tech shares, are now worth investing in.Now the market is surrounded by coronavirus concerns. These fears are in the first place reflected in stocks that continue sliding. As a result of the downward movement, investors wonder which shares to buy to stay in the black and boost their fortune under the conditions given. And the answer is simple: DAWN.Obviously, the last business to consider is the tourism industry. Amid travel bans in many countries and canceling of most sport and other events, hotel stocks tumble. For example, Hilton Worldwide Holdings Inc (NYSE: HLT) stock has lost almost 7%, Wynn Resort Ltd (NASDAQ: WYNN) has plunged by 12%, while Hyatt

TSLA stock is down while the company started delivering its latest car models on March 13, ahead of the initial schedule of autumn 2020. Later, Tesla made an official announcement and presented a video of the Model Y. Tesla Inc (NASDAQ: TSLA) stock continues plunging. Yesterday, it closed at $445.07, 18.58% down from its previous close of $546.62. Today, it was trading at $448.40 in the early hours, with the day high reaching $456.12 later. At the moment of writing, Tesla stock makes up $417.16, which is 7% lower than during the early-hours trading. It is noteworthy that Tesla stock is plunging while the company’s Model Y deliveries begin in the U.S.Tesla started delivering its latest car models on March 13, ahead of the initial schedule of autumn 2020. Later, the company made an official

Within the partnership, Android Opera users get the ability to purchase Bitcoin and Ethereum with a debit card, while iOS users can check the function in Apple Pay.Late January this year, Opera completed its efforts to provide Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux, and iOS. Now Opera users receive new options to buy cryptos. They can now do it using a debit card or Apple Pay. The initiative follows Opera’s partnership with crypto startup Wyre. Notably, the purchasing feature is available for the browser’s U.S. users at this point, but Opera will expand the geography.Opera Web 3.0 browser with built-in Ethereum Crypto Wallet was launched in December 2018. It quickly received positive feedback. Later, Opera introduced easy crypto-purchases in

Users of the Starbucks mobile app will soon have the opportunity to pay for their drinks with Bakkt Cash. According to Bakkt, at the current moment, the crypto payment option is only in limited beta.Cryptocurrency derivatives exchange Bakkt partners with Starbucks to introduce a new payment option for Starbucks mobile app users. Named “Bakkt Cash”, the feature is already available for Starbucks customers as a limited beta.We’re also reducing payment costs for merchants which improves their bottom line. Open your @Starbucks app to see our first direct integration and select @Bakkt to sign up for our Early Access Program pic.twitter.com/sZ3YlE0Sj9— Adam White (@WhiteAdamL) March 16, 2020To enjoy the new payment integration, customers will have to sign up for the platform’s Early Access

Currently, Google is working on a website devoted to COVID-19. Serving an informative function, the website will also remove fake information about the virus on YouTube, Google Maps, Google developer platforms, and across ads.Last Friday, the U.S. President Donald Trump revealed that Google is currently working on the screening website that addresses COVID-19 education, treatment and prevention, and local resources across the nation. According to Trump, 1,700 engineers under the tenure of Google CEO Sundar Pichai have joined the process.Trump stated:“I want to thank Google. Google is helping to develop a website. It’s gonna be very quickly done — unlike websites of the past — to determine whether a test is warranted and to facilitate testing at a nearby convenient location.”He

Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.Yesterday evening, U.S. stock futures plummeted by 5%. Dow futures plunged 1,041 points or about 4.5%. S&P 500 futures closed down about 4.8%, while Nasdaq futures were down 4.5%. The drop followed the initiative of the U.S. Federal Reserve.On Sunday, the Federal Reserve announced cutting the interest rate to almost a zero point. Besides, the institution implemented a quantitative easing program worth $700 billion in order to help the economy cope with the consequences of COVID-19.The Fed stated:“The coronavirus outbreak has harmed communities and

In general, the crypto market is on the wane today. Bitcoin, Ethereum, XRP and other coins are dropping. More volatility is expected. BTC price has returned to the above $5,000 levels.The crypto market is so volatile that incredible changes can occur within minutes. A prime example of such a leap is the leading digital currency. First, Bitcoin price drops to $3,637, but in just 30 minutes, it bounds back and jumps to $5,260. Such performance is accompanied by the downward movement of the whole market. Currently, the market capitalization is $145,912,908,673. Notably, in the last 24 hours, its minimum mark was 130 billion.This week, Bitcoin is very unstable. On Monday, the beginning of the trading session became the worst this year. After a plunge in oil prices, Bitcoin and other cryptos’

Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.After the coronavirus outbreak, the market has become as volatile as never before. Yesterday, it rebounded after the crash on Monday, but it was not out of the woods yet. Today, U.S. stock futures dropped sharply, suggesting more volatility when trading began Wednesday, following two roller-coaster days on Wall Street. Dow Futures slide 700 points, rolling back from Tuesday’s upward movement. S&P 500 futures plummet by 1.98% after the best one-day performance. Finally, Nasdaq 100 futures lose 1.95%.Let us trace how the market has come to this.Monday started with a real mess on the market. After a massive sell-off on Sunday caused by oil prices plunge,

Virgin Galactic (SPCE) stock does not differ from other tech shares in yielding to the influence of negative events. It lost 10.29% on Monday. At the same time Musk worries that SpaceX won’t fo to Mars before he dies.Following the beginning of the oil price war, crypto and stock markets have started a downward movement. Bitcoin and other cryptos’ prices rapidly dropped, the market capitalization also tanked. Stocks of tech companies have suffered as well. We have already reported on Tesla Inc (NASDAQ: TSLA) stock that closed at $608 on Monday (or 13.57% down). Now its time to look at the stock performance of Tesla’s competitor and SpaceX rival Virgin Galactic Holdings Inc (NYSE: SPCE) stock.Virgin Galactic (SPCE) Stock Price MovementsNotably, Virgin Galactic (SPCE) stock does not differ

Bitcoin and other cryptos’ prices dropped soon after a plunge in oil prices. Besides, Bitcoin lost its positions as a result of a crypto scam committed by PlusToken.Today, the beginning of the trading session has become the worst this year. After a massive sell-off on Sunday, markets have not managed to recover. As a result, cryptocurrencies have suffered significant drops. Bitcoin price declined by 9.32% in 24 hours, Ethereum lost 10.48%, Litecoin dropped by 14.41%, XRP is 9.95% down. This list of cryptos that have become victims can be continued endlessly.Notably, the Bitcoin price declined significantly in less than 45 minutes. At the moment of writing, it makes up $7,944. Despite being off 18% over the past month, it remains up 12% year to date. Yesterday’s closing was highly

Tesla (TSLA) stock is the most shorted stock on the market. Over the last seven days, its short-sellers made $1.1 billion. It runs neck-and-neck with Apple.While coronavirus is devastating the market, Tesla Inc (NASDAQ: TSLA) stock is still number one among most shorted stocks. According to fintech company S3 Partners, over the last seven trading days, short-sellers made a total of $51.3 billion. $1.1 billion of the mark-to-market profit belongs to Tesla’s short-sellers. However, the gains do not cover $9 billion of their year-to-date losses. On February 24, the beginning of the period considered, TSLA opening price made up $838. On March 4, the stock closed the day at $745. The drop reached about 11% and brought profit to those who bet on this plunge.Further, S3 Partners analyzed the

Tesla Model 3 cars underperformed customers’ expectations. According to buyers, the hardware in Model 3 vehicles was the 2.5 version as opposed to the 3.0 version the company promised. Tesla (TSLA) stock was up on Wednesday.Tesla Inc (NASDAQ: TSLA) stock is like a balance-wheel. A couple of weeks ago, shares were beating their own records several times. Then, as coronavirus was gathering speed and scale, TSLA stock plunged. Now, Tesla (TSLA) stock rises again.On Wednesday, Tesla shares ended the day at $749.50, or 0.54% up in comparison with the day before. During the trading session, the highest mark was $766.52, the lowest point made up $724.73. The company’s market cap is $137.99 billion. However, in the premarket, it is 4.34% down and is trading at around $717.Tesla (TSLA) Stock Rises