Markets

European leaders have agreed to borrow $858 billion from financial markets and distribute around half of it as grants and the rest as loans to EU countries.After long discussions, European leaders have unanimously passed a total recovery fund of $858 billion for EU economies besides the $1.3 trillion budget. This will make the figure historic for the block to a whopping $2 trillion for the period between 2021 and 2027.The stimulus fund is expected to be shared amongst the European hard-hit...

With the Mustang Mach-E 1400 expected to debut in the NASCAR race soon, Ford Motor will look to solidify its position. F stock price is growing.As prevalent in today’s result-driven stock market, positive results can have a remarkable impact on a company’s stock price and performance. The same is currently applicable to Ford Motor Company (NYSE: F) whose stock shows a green tick in today’s pre-market gaining 1.20% to trade at $6.74 with a $0.080 gain. The new lease of life the company is...

Jeff Bezos’ wealth is growing. There are more than a few reasons for this apart from the fact that Amazon is filling gaps.Jeff Bezos within 24 hours became richer by adding another $13 billion to his wealth. Amazon.com Inc (NASDAQ: AMZN) stock prices rose by 7.93 % yesterday in trading. This rise is boosted by the wave of new orders for Amazon products during the current COVID-19 pandemic.Amazon stock in the pre-market is rising as well. Now it is at $3,259 (+1.95%).Amazon (AMZN) stock prices...

Virgin Galactic (SPCE) now has new Chief Executive Officer and Chief Space Officer. SPCE stock is in the green.Virgin Galactic Holdings Inc (NYSE: SPCE) has announced the ascension of Michael Colglazier as the company’s new CEO. The company also appointed George Whitesides as its Chief Space Officer both effective from July 20, 2020. The space travel company has tickled a new gain with this announcement as investor’s reactions are visible in the company’s stock price.Virgin Galactic (SPCE)...

Despite the COVID-19 slowdown, IBM managed to deliver better-than-expected results for Q2 2020. The company said that many small businesses that were using IBM’s services have turned cash conservative and now want to spend less.Computing giant IBM (NYSE: IBM) unveiled its Q2 2020 results on Monday, July 20 with better than expected earnings. The IBM stock jumped 4.65% in the extended trading session on Monday and is now 5.55% up in the pre-market.The IBM earnings for Q2 stood at $2.18 per...

The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC).FINRA Approves Grayscale’s BCH And LTC TrustsAccording to the official announcement from the digital currency...

Tron price extended its decline below the $0.0175 support zone against the US Dollar.TRX price tested the $0.0168 support and it is currently consolidating losses.There is a major bearish trend line forming with resistance near $0.0174 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong upward move if it breaks the $0.0174 and $0.0180 resistance levels.TRON price is holding a major support zone near $0.0168 against the US Dollar, similar to bitcoin. TRX price must gain...

Although the altcoin market remains highly volatile, most price movements in the past 24 hours have been sharp retraces with a few exceptions.Bitcoin, on the other hand, remains stable and hasn’t left its familiar trading territory of about $9,150-$9,200. In the traditional financial markets, the three largest US indexes are in the green as Nasdaq even tops a new all-time high.ATH For Nasdaq, Bitcoin Metric Suggests A Price DiveMore speculations and promises for a new coronavirus vaccine...

Ethereum price extended its decline below $235 and tested $230 against the US Dollar.ETH price is currently recovering and trading well above the $232 support zone.There is a major bearish trend line forming with resistance near $238 on the 4-hours chart (data feed from Coinbase).The pair could start a strong increase if it clears the $238 and $240 resistance levels.Ethereum price is holding the $232 and $230 support levels against the US Dollar. ETH/USD must surpass the $240 barrier to...

The recent Twitter bitcoin hack could arguably be one of the biggest stories of the year surrounding the world’s largest and most popular cryptocurrency by market cap, but for most traders, the event is just another situation to be chalked up in the bitcoin history books and forgotten.Bitcoin Has Hardly Been AffectedDespite all the press surrounding the hack, traders don’t seem to care much about what occurred, and the price of bitcoin really hasn’t been affected. In fact, despite a marginal...