Markets

The situation with the oil price is getting worse as the price has now fallen below $30 as there is no longer much demand because of travel restrictions due to the coronavirus.The price of oil is easily the most talked about the news after the coronavirus pandemic. Oil, which has relatively maintained a significantly healthy price range for a while now, crashed terribly last week. Saudi Arabia deliberately cut down on the price of oil by 30% in response to Russia disagreeing to reduce its...

Apple (AAPL) stock price dropped by around 13% in the premarket and is falling in the trading session today as well. This is due to a fine of about $1.2 billion imposed by the French antitrust regulators.Apple Inc (NASDAQ: AAPL) stock price was down 12.26% in the premarket. The stock price was at $243.90. This wasn’t the case though on Friday. Sources say that the price of the stock ended on Friday at $277.97. The fall has reportedly happened due to a € 1.1 billion (about $1.2 billion) fine...

As the cryptocurrency market goes through one of its most vicious and swift crisis, Bakkt, the Bitcoin futures contract exchange, continues to invest in infrastructure. The company completed another financial round, gathering $300 million in investments from Microsoft’s M12, Goldfinch Partners, the Intercontinental Exchange, and so forth.Bakkt Completes $300M Series BIn an official post from today, March 16th, Bakkt’s CEO Mike Blandina, revealed that the Bitcoin futures trading exchange...

Though a month ago TSLA stock was approaching $1000, today it is trading much lover. Its current price is below $500 in the premarket.Most of the tech stocks rose Friday together with the rest of the market. However, Tesla Inc (NASDAQ: TSLA) again decided to swim against the stream so it ended the week in the red after hours after President Donald Trump declared a national emergency over the coronavirus pandemic. Tesla shares opened on Friday at $595 plunged to $502 at their lowest point in...

The coronavirus pandemic isn’t at all taking it easy on European markets as well as travel stocks. Both are seriously bleeding. People are panicking and waiting for signs of improvement.The coronavirus outbreak has gotten increasingly worse since the first cases last year. Because of the situation, governments all over the world have begun imposing different lockdown levels to curb the spread of the highly contagious disease. With a large number of Europeans currently confirmed with COVID-19,...

NASA Marshall center claimed that they have the employee tested positive for the coronavirus. SPCE stock started falling in the premarket after a good Friday.Johns Hopkins University says the U.S. already has 3,300 or more contamination cases. Dow and S&P 500 do not show any signs of positive resolve. Nasa, Boeing, Blue Origin and Lockheed Martin have set the limit for their employees, they also cancel public events. The development of important spacecraft hardware is under attack....

The novel COVID-19 (coronavirus) continues with its adverse effects on the financial markets. The cryptocurrency space is no exception. Bitcoin, for instance, slipped below the significant $5,000 mark and is currently trading at around $4,500.Just hours ago, the leading cryptocurrency by market cap saw a spike of $800. When the U.S. Fed Reserve made a total injection of $700 billion in treasuries and mortgage-back securities, Bitcoin jumped to almost $6,000. The bullish move, however, was...

With the coronavirus being declared a global pandemic by the WHO, McKinsey predicts different scenarios as to how the global markets will react in the future.The unprecedented breakout of the COVID-19 virus across the globe has gripped the global markets in absolute fear. A majority of the stock market across the globe have corrected to the tune of 20-30% just over the last month during the coronavirus outbreak.Businesses across different sectors are facing a major jolt as logistics and trade...

[Featured content]Privacy and money safeguard have become a huge concern throughout the past few years. This became even more so after the infamous Cambridge Analytica scandal which saw the information of millions of users used inappropriately without their consent and the FBI documented 166,349 domestic and international complaints of fraudulent email victims between June 2016 and July 2019, representing a total loss of more than $ 26.2 billion.This is why people are looking for private...

Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.Bitcoin price went up after the U.S. Fed announced a massive rate cut. Sources say that this occurred late on Sunday as global economies were still reeling from the effects of the COVID-19 situation. It also reportedly came with a $700 billion stimulus program to protect the U.S. economy from the effects of a global...