The Dow Jones Industrial Average is actively gaining today as well as many stocks on the market. Meanwhile, U.S. coronavirus cases have topped 400,000The Dow Jones climbed nearly 800 points on Wednesday following Sanders’ decision to give up and quit his presidential campaign. Stock markets are also doing well today. Meanwhile, White House Health Advisor Anthony Fauci estimated the United States could see a slight outbreak decay next week and New York Mayor Bill De Blasio revealed some positive news. According to him, the coronavirus hospitalization rates in the city begun to stabilize.Stock leaders as Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT) and Tesla Inc (NASDAQ: TSLA) advanced, as the new stock market rally continued. Dow Jones stock

Check out an exclusive interview with CoinMarketCap’s senior leadership about the philosophy behind the project, its history and the acquisition by Binance.When talking about the platforms that are tracking cryptocurrencies movement, first that comes at one’s mind is definitely CoinMarketCap. A platform created to track the capitalization of different cryptocurrencies, the amount of trades that use them and the current price converted into fiat currencies updates the information every five minutes.We spoke with its founder Brandon Chez and its Chief Strategy Officer Carylyne Chan about their work and the opportunities of such a platform in crypto-space.CoinMarketCap began as a “passion project” back in 2013. However, reading the financial section of a news site that described market

Alphabet (GOOGL) stock gained 8.28% on Monday. Today it is 3.12% up in the pre-market. Does its current trading price show the actual value of its? Or is the stock undervalued now?When it comes to Alphabet Inc (NASDAQ: GOOGL) stock, it’s hard to always win or lose. The stock has been pretty volatile in the last few weeks, especially after the global outburst of the coronavirus pandemic.The company’s stock saw significant share price movement during recent months on Nasdaq, rising to highs of $1,525 and falling to as low as $1,054. However, the question investors are asking isn’t when to enter but why. Is the Alphabet (GOOGL) current trading price of $1,183 showing the real value of the large-cap or is it currently undervalued, providing us with the opportunity to buy?Yesterday Alphabet

Altcoins have experienced an increase together with Bitcoin. Ethereum has managed to gain around 14% within 24 hours. Now ETH price is around $175.We have been used to Bitcoin already traditionally leading the crypto market. However, it seems that the most popular altcoin is slowly but surely taking the lead. Ethereum price is rising by exquisite pace since Monday’s candle open at $142, the second-largest digital asset has rocketed 13.85% higher, reaching $175.13 just minutes ago as of the time of this article’s writing.This is the highest price ETH has traded at since March’s capitulation event, and 88% higher than the $90 price that was that day.This tremendous jump has liquidated more than $1.6 million worth of short positions on BitMEX including thousands of dollars more of

Tesla (TSLA) caught an upgrade Monday morning that sent its stock up over 5%. Even though some analysts see opportunity in the stock, many questions remain about how the COVID-19 crisis will affect electric-vehicle demand.Tesla Inc (NASDAQ: TSLA) jumped on Monday more than 5% at the opening after Jefferies raised its grade to buy. One of the reasons for upgrade was definitely the fact that Tesla is a clear leader in the electric-vehicle sector. Jefferies analyst Philippe Houchois explained this Tesla upgrade with the fact that even though we find ourselves in times when gas prices are ridiculously low, there is “continued public policy commitment to supporting [electric-vehicle] sales” in Europe and China.He also went on to add that Tesla’s balance sheet should remain in “solid shape” in

President Donald Trump invoked the Defense Production Act to ban “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus. 3M stock price went down.American conglomerate 3M (NYSE: MMM) stock is experiencing not the best period. Though taking into account the products that the 3M company manufactures, the situation for it amid coronavirus could be just the opposite. On Friday, its stock lost 2.99% to trade at $133.79. After hours its price also fell slightly (-0.037%).United States President Donald Trump invoked the Defense Production Act on Friday in order to forbid “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus.He then said the American conglomerate 3M was

Microsoft co-founder and philanthropist Bill Gates, who warned five years ago that the world’s greatest threat is a pandemic, believes that the current coronavirus crisis is “a nightmare scenario” but it could be worse.Even though the coronavirus spread seems like an unnatural phenomenon, it is real. And, what is, even more, real – is the death of hundreds of thousands of people. Coronavirus began its deathly crusade from China. However, the country with the most people infected (and dead as well) is now the United States. According to the last information, the U.S. has 321,615 people infected with the coronavirus. 8,468 people are in critical condition while only 16,570 people are reportedly being recovered. The death toll in the States is 9,132. Globally, there are more than 1.2 million

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.Mike Novogratz, the CEO of crypto merchant bank Galaxy Digital, said he might give up on Bitcoin (BTC) if the price of this cryptocurrency doesn’t touch new highs in 2020.Just for the reminder, in January 2020, reflecting on the proliferation of crypto assets, many of which have attempted to vie with Bitcoin (BTC)’s function as a store of value, Novogratz said:“There’s 118 elements on the periodic table, and only one gold. Bitcoin is going to be digital gold, a place where you have sovereign money, it’s not U.S. money, it’s not Chinese money, it’s

Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.Electric carmaker Tesla Inc (NASDAQ: TSLA) said on Thursday that they had the best first-quarter performance ever with 103,000 vehicles produced and 88,400 vehicles delivered. This number of deliveries revealed by Tesla was a surprise for many investors. The company also said that its Shanghai factory continued to achieve record levels of production, despite significant setbacks.The company announced that it will be delivering net income and cash flow results at the same time when Q1 earnings are announced adding that the final numbers could vary by up to 0.5% or more.For what it’s worth, both numbers beat estimates. Analysts were predicting combined

The Dow Jones dropped over 100 points on Thursday shortly after the start of today’s session as the Labor Department reported that initial jobless claims in the United States doubled to 6.6 million last week.Shares on Wall Street started the session on Thursday mixed after the Department of Labor released defeating data on a record 6.6 million people in the United States filing for unemployment benefits last week amid the coronavirus pandemic.The report showed that the figures for the week ending March 28 are 3,341,000 above the previous week’s revised level and the highest-ever in the history of the report. Combined with the previous week, about 10 million people filed for unemployment benefits due to the coronavirus shutdown.Record Number of Job CutsThe seasonally adjusted insured

Though Bitcoin (BTC) is experiencing its worst sell-off in the last 7 years, the smart money is preparing for a golden bull run after the next halving that is said to happen in 43 days.While coronavirus is raging all over the world, investors are wondering what will happen to Bitcoin and altcoins, especially after BTC halving. We all already know that halving is happening soon but let’s start from the beginning. As part of Bitcoin issuance, miners are rewarded a certain amount of Bitcoins whenever a block is produced (approximately every 10 minutes).When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0

IMF chief Kristalina Georgieva said that the global economy is now in a recession due to the impact of COVID-19. “We should not go with small measures now when we know that it is a gigantic crisis,” she said.International Monetary Fund chief Kristalina Georgieva has stated that the global economy is now in a recession due to COVID-19, Bit she added that she’s “heartened to see world leaders finally realizing that only a coordinated effort will be able to stem the spread of the novel coronavirus”.She said:“We have stated that the world is now in recession and that the length and depth of this recession depend on two things: Containing the virus and having an effective, coordinated response to the crisis. I’m very encouraged by what I see now. I see much clearer understanding [among global

The past several weeks have been chaotic everywhere in the world as the coronavirus outbreak threatens economies in both the West and the East. McKinsey explained what new challenges businesses have today.We are all aware nowadays that the novel coronavirus affected the world markets. If we are talking about cryptocurrencies, Dow Jones or commodities it affected them all. Also, it affected people and their ability to invest. We already wrote that the management and consulting company McKinsey & Company did their briefing note on the implications of coronavirus to the companies.At the time of writing, the overall number of people infected from the COVID-19 in the world was 601,536. The number of recovered people stands now at 133,454 while the death toll, unfortunately, reached

As soon as a coronavirus vaccine is approved, it’s going to be needed in vast quantity, and many of the organizations in the Covid-19 vaccine race simply don’t have the necessary production capacity. Moderna is one of the promising players,The most asked question of all nowadays is probably the question of when the coronavirus vaccine will be ready. All eyes are turned to the prospect of a vaccine because only a vaccine can prevent people from getting sick. The overall number of infected cases is 400,435 with the death toll reaching 17,451.Coronavirus Vaccine ProgressAround 35 companies and academic institutions are racing to create a vaccine, and around four of them already have candidates they have been testing in animals. The first of these – produced by Boston-based biotech firm

U.S. Senate leaders and the Trump administration neared an agreement on a massive stimulus bill that could inject $2 trillion into the economy to blunt the impacts of the coronavirus.The United States Democratic party said it is working on a big stimulus bill in response as an answer to the coronavirus epidemic and its economic impact. A version of the bill is dated March 22 and it has been circulating includes a passage that, if passed, would lead to the creation of a “digital dollar” to be used for providing stimulus payments.As it was said, House Democrats aren’t trying to create a cryptocurrency or deploy distributed ledger technology to make it happen. But according to the draft text, the digital dollar is defined as “a balance expressed as a dollar value consisting of digital ledger

JPMorgan’s chief U.S. equity strategist thinks that the S&P 500 could return to record highs by early next year if the U.S. policy of efficiently containing the coronavirus outbreak works and the government rapidly moves forward with fiscal stimulus.Last week was pretty damaging for the U.S. markets even though they had a day of positivity. However, they ended the week in the red. Just for reminder, U.S. stocks finished the session on Friday following predictions from Goldman Sachs on economic growth in the United States dropping 24% in the second quarter. Dow Jones fell more than 900 points, more accurate, it declined by 4.55%, or 913 points at the close. 3M Co (NYSE: MMM) was the worst performer, plunging 9.50%. The Nasdaq 100 fell by 4.04% as the trading session ended. Copart Inc

The crypto market played out well on March 19-20 amid the market crash, with Bitcoin (BTC) surging by almost 15% to climb back above $6,500.Fundstrat Global Advisors LLC gave a thorough analysis of the most famous cryptocurrency saying it may need few months for Bitcoin to completely recover. If you were watching the Bitcoin movement in the last few days, you probably wondered why Bitcoin acted as if it were just another currency, tumbling down in comparison to the greenback. Let’s try to analyze this situation for a bit.Right now, Bitcoin is trading approximately 40% below its mid-February high, with a particularly notable drop between March 12 and 13, when it lost more than $3,000 in around 16 hours. At the time of writing at 2:24 pm CET, Bitcoin was up by huge 14.42 coming back up to

The S&P 500 closed Thursday nearly 27% below its February high, meaning it took just a matter of weeks for a bear market to roll around. Microsoft fell as well. This month, MSFT is lower by 24%. But yesterday, it started gaining again.The recent sell-off in Microsoft Corporation (NASDAQ: MSFT) seems like a huge buying opportunity. Since February 19, Microsoft stock has dropped 28% even though it makes no sense. Or does it?At the time of writing, Microsoft (MSFT) stock is trading at $143.68 (+0.68%). Yesterday, it gained 1.65% while in the premarket it was over 6% up.It is true that Microsoft has little exposure to the disruption the U.S. economy is going to face. However, it did go with changing its quarterly guidance for the More Personal Computing segment between $10.75 and $11.15

Amazon’s business appears to be thriving these days. At the same time, hovering around $1,800 per share, Amazon (AMZN) stock is down about 17% from its recent high.Since coronavirus took its course, so did stock markets. Amazon.com Inc (NASDAQ: AMZN) stock has been pushed down together with the rest of the market. However, it seems the company has some secret cards in its sleeve. For now, when we look at the cash flow basis, the stock looks like a great buying opportunity. Yesterday, AMZN rose 2.78% and reached $1,880.93.At the time of writing the stock was rising by 5.72% in premarket to $1,988.50. However, even now, after the stock has plunged by more than a fifth in less than a month, the P/E ratio is a huge 73.5.We already wrote of how the company’s web services are ready to offset any

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.U.S. stock futures started good on early Friday morning, showing potential for a positive opening after an also positive Thursday session. Investors are obviously still watching over coronavirus developments. The Donald Trump administration proposed an $850 billion stimulus package to stabilize the economy, which some claim has already entered a recession.European equities also surged at the start of the session as central banks moved to ease monetary policy further amid the global pandemic. According to the latest data, over 246,000 worldwide contracted COVID-19.The Dow futures climbed 759 points today at 4:25

More than 245,000 people have now been confirmed with the coronavirus globally, of which at least 85,000 have recovered from COVID-19, while more than 10,000 have died. Bank of America has already stated that the recession is here.The number of people infected with the novel coronavirus surpassed 200,000 yesterday and it’s still rapidly growing. At 8:18 am CET so, around 12 hours after those numbers were announced, this number grew to already 245,997. Bank of America announced the beginning of the recession.According to the World Health Organization (WHO), most of these cases are now spreading outside the China even though it is exactly China, province of Wuhan where everything has started. Also, the coronavirus death toll surpassed 10,000 people yesterday and now stands at 10,048. A dash

An Amazon spokesperson said online shopping has surged as coronavirus spreads, and it is out of stock on some household staples and medical supplies. AMZN stock is moving higher.Amazon.com Inc (NASDAQ: AMZN) seems to be an interesting choice nowadays. Recently it has been upgraded to a Zacks Rank #2 (Buy). That means that it is expected earnings to rise and, therefore, stock price as well. At the time of writing at 5:27 am ET in premarket the stock was rising by 1.58% to $1,859. Yesterday, Amazin (AMZN) closed at $1,830 (+1.23%).For Amazon, rising earnings estimates and the constant rating upgrade mean that the company is getting better in its main business. Exactly that fact should push the stock higher.Zacks expects Amazon (AMZN) to earn $27.61 per share for the fiscal year ending

The number of coronavirus cases has reached a new sad record of 200,000. The markets react negatively. Dow Jones is falling.COVID-19 cases surpassed 200,000 worldwide on Wednesday as the coronavirus continues to spread outside of China where the original thing started. Dow Jones continues to lose its points.At the time of writing, Dow is 1,764 points down.The total number of cases now stands at 206,664 as of 3:35 pm CET on Wednesday, according to data compiled by John Hopkins University. The virus first started in Wuhan, China in December. After that, it spread around the globe within a scary speed.The virus has now killed more than 8,200 people around the world, according to JHU, but more than 82,800 people have recovered from the virus.‘Made in China’ Virus Transferred to EuropeEven

Bitcoin price recovery from last week’s catastrophic drop to $3,700 is still on as it tops $5,500 before pulling back below $5,200 partially driven by a boost from the reports that Trump Administration would support a $1 trillion coronavirus package.Nowadays we can read all about Bitcoin being “safe haven” in cases of emergencies, wars, unstable currencies, etc.However, nobody thought that an epidemic can become a “black swan” in such short notice. We had a big financial crisis back in 2008 and then – the Bitcoin was born. Now, for the first time Bitcoin is facing its first big test – whether can it be used as a store of value.For now, it seems that the biggest crypto still feels a little bit scared and some analysts said it failed totally. And, since it lost around half of its value from

Dow Futures lost another 800 points. Futures contracts for the indices were in “limit down” territory, a situation where trading is halted after they have hit a 5% loss and can go no lower.Trading of futures contracts has seen extreme volatility overnight, and some traders even thought of the possibility that computer trading has distorted trading moves in the market’s collapse deriving from the coronavirus outbreak. Futures on the Dow Jones Industrial Average fell 821 points, indicating a more than 1,000-point loss at Wednesday’s open. S&P 500 and Nasdaq-100 futures were also down.This step came amid historic highs on the Cboe Volatility Index, which closed above its 2008 financial crisis peak on Monday. This is the index that oversees options prices for the S&P 500 and is also known as

Initiating human trials is only one step in the long process of proving the safety and efficacy of a new therapeutic. Still, the timeframes to beginning testing for Moderna, BioNTech and CureVac are faster than typical for traditional vaccines.We already wrote how almost all pharmaceutical firms throughout the whole world are doing everything to develop a vaccine that would help to stop the coronavirus spread. No matter if they’re big or small, the goal is the same and it is no more just a race for money. It’s a race for humankind.The race is on to develop an immunization against COVID-19 and in the last 48 hours, three biotechnological companies have been thrown into the arena: BioNTech SE (NASDAQ: BNTX), CureVac and Moderna Inc (NASDAQ: MRNA).All three companies are specialized in

Moderna (MRNA) stock rocketed today after the biotech company dosed the first patient in a study of its coronavirus vaccine. The drug aims to use a natural function called messenger RNA to protect against the SARS-CoV-2 virus that causes Covid-19.American pharmaceutical company Moderna Inc (NASDAQ: MRNA) stock started rising yesterday and kept their pace today as well. Yesterday, the MRNA price jumped over 24%. Today Moderna stock continued moving higher. The stock has managed to jump another 19.91% to $31.76. At the moment of writing, it is trading a little bit lower, at $27,84.Investors are thoroughly watching all the news related to companies that are fighting to develop a coronavirus vaccine. Moderna announced yesterday that the first patient has been dosed in an early-stage clinical

The vaccine to protect against coronavirus has started to be tested in the US. Four patients received the jab. The vaccine contains a harmless genetic code copied from the virus that causes the disease.Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases confirmed that the first human trial testing a potential vaccine to prevent COVID-19 finally began. The vaccine was tested for the first time on Monday.He stated:“Finding a safe and effective vaccine to prevent infection from the new coronavirus is an urgent public health priority. This Phase 1 study, launched in record speed, is an important first step toward achieving that goal.”The National Institutes of Health, an agency within the Department of Health and Human Services, has been trying for some

Tesla (TSLA) stock plummeted 18.58% in trading on Monday from its previous close of $546.62 to $445.07. The stock has fallen amid the broader sell-off in U.S. markets.Shares of electric-car company Tesla Inc (NASDAQ: TSLA) were slashed on Monday after Wall Street suffered massive losses amid concerns over the economic impact from the coronavirus outbreak which has an impact on the analysts’ price target for TSLA. The stock fell as much as 18.58%. However, in premarket it was a bit up – by 1.78% to $453 after it was announced that said the company plans to operate its Fremont factory on Tuesday, the same day San Francisco’s Bay Area begins a three-week lockdown due to the coronavirus spread.Also, it announced on Monday that the company began deliveries of its Model Y, its first crossover

European markets rallied, but then lost some of their gains, while markets in the Asia-Pacific region were mixed on Tuesday as investors tried to grapple with a disastrous Monday on Wall Street.European equities started its trading higher on Monday following new development regarding the coronavirus vaccine. Also, the Union decided to close its external borders. The first human trial to evaluate a candidate vaccine against the new coronavirus has begun in Seattle yesterday, raising hopes in the global fight against the disease.Meanwhile, investors are looking upon the data to be released. UK National Statistics will release the ILO Unemployment Rate while Eurostat will put out Europe construction output data. The Zentrum für Europäische Wirtschaftsforschung will report the data on the