Markets

Ford (F) stock price was rising yesterday but today in the pre-market it is falling. Meanwhile, Ford is closing its plants after some workers tested positive for coronavirus.Ford Motor Company (NYSE: F) stock price rose by 3.58% to $5.49 at the end of trading yesterday. Sources say that this was due to the automaker closing and reopening its Chicago plant twice. This happened within less than 24 hours.At its Chicago plant, two workers tested positive for the coronavirus. These closures...

EOS price failed to stay above the $2.700 resistance and declined recently against the US Dollar.The price is now trading below the $2.650 pivot level with a bearish angle.There was a break below a key ascending channel with support near $2.640 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair remains at a risk of more losses towards the $2.400 and $2.300 support levels.EOS price is currently facing an increase in selling pressure against the US Dollar, similar to...

Litecoin price failed to clear the $47.50 level and declined recently against the US Dollar.LTC price is now trading below the $45.00 level, with a bearish angle.There is a key bearish trend line forming with resistance near $46.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it remains at a risk of more losses below $44.00 and $42.00.Litecoin price is showing signs of another bearish wave against the US Dollar and bitcoin. LTC price...

After the restrictions of quarantine are over, the leading U.S. based crypto exchange, Coinbase, will embrace a ‘remote-first’ culture. The remote-first shift has been accelerated with the duty to comply with the six feet apart social distancing measures currently in place due to Coronavirus.Implications for Coinbase EmployeesCoinbase estimates that between 20 – 60% of the company employees will work remotely despite the restrictions of COVID-19 are lifted.Once the proper procedures have been...

After closing yesterday with a 1% loss, JNJ stock was 0.34% down further in the pre-market today but is 0.72% up now. Johnson & Johnson announces that it will stop selling its talc baby powder in the U.S. and also in Canada.Johnson & Johnson (NYSE: JNJ) stock was down 2.50% in the past month to trade at around $150 at the time of writing. If we compare the current price with the previous trading, we will see a 0.72% rise. However, it has gained a proportionally equal amount since the...

Ripple’s XRP has got approval for being used in cross-border money transfers from the U.S.Consumer Financial Protection Bureau. XRP price is rising now.Ripple‘s XRP has received permission from America’s Consumer Financial Protection Bureau. This comes as the cryptocurrency token has been used as a medium for value transfer. As at the time of filing this report, the XRP price was at $0.21 (0.82% up). The Bureau indicated this in a recent report. It said that it was researching new patterns in...

FAANG stocks have been defying the coronavirus market disruption as they continue to scale higher every day. The NYSE FANG+ Index is up around 21% since the beginning of the year.The FAANG stocks which consist of Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google LLC (NASDAQ: GOOGL) (NASDAQ: GOOG), have risen a significant figure in the past few months, despite coronavirus negatively affecting most traditional stocks...

ADA price is trading in a bullish zone above the $0.0530 support against the US Dollar.The price traded as high as $0.0571 and it is currently sighting more gains.There is a major bullish trend line forming with support near $0.0550 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but it is likely to find support near $0.0550 and rise again.Cardano price is gaining bullish momentum above $0.0550 against the US Dollar, similar to bitcoin. ADA price remains positive...

Bitcoin price is trading nicely above the $9,540 and $9,400 support levels against the US Dollar.It is currently struggling to clear the $9,940 and $10,020 resistance levels.There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,940 and $10,020.Bitcoin price is currently consolidating gains above the $9,400 support against the US Dollar. BTC is...

The growing interest towards staking has pushed the blockchain-based project Harmony to begin implementing it as well. Interestingly, another popular project which had its IEO on Binance Launchpad, namely MATIC Network, also recently elaborated on its staking service developments.Harmony Will Support StakingHarmony utilized the Binance Launchpad to have its IEO nearly a year ago. Now, in a press release shared with CryptoPotato, the company announced the upgrade of its mainnet to support...