Markets

Thousands of Amazon.com Inc. sellers who built their businesses using China’s cheap and efficient manufacturers are on the spot as the coronavirus shuts factories there. AMZN stock was down on Tuesday but seems to start growing in the pre-market.Amazon.com Inc (NASDAQ: AMZN) is allegedly doing everything it can to stock up on inventory as the coronavirus (COVID-19) spreads at a rapid pace. Worries about it becoming a pandemic rise and people are buying everything from the stores (like this...

MoneyGram is one of the major partners of Ripple. And it received good investments from it. In the last half-year, it got a sum of another $11 million.It appears that in the last 6 months Ripple provides to MoneyGram an additional $11 million in investments. These indications were reportedly noticed in recent filings with the U.S. SEC by MoneyGram. Last year Q3 and Q4 reports indicate remittances to MoneyGram by Ripple Labs Inc. The sums were broken down into $2.4 million in Q3 and $8.9...

[Featured]Financial markets are going crazy since the beginning of 2020. Since January 1st, there have been a lot of ups and downs out there. First, it was Tesla – its stock shot up from around $430 at the beginning of the year to $841 to where it currently trades. This marks an increase of almost 100% in less than two months. Needless to say, you don’t get to see this on the stock market every day, especially when the company in question is as big as Tesla.In January, however, something else...

Salesforce has acquired Vlocity, a provider of industry-specific cloud and mobile software built natively on the Salesforce platform, for approximately $1.33 billion. But Salesforce (CRM) stock is in red.An American cloud-based software company Salesforce.com Inc. (NYSE: CRM) announced it bought Vlocity for $1.33 billion – all cash.This interesting acquisition, however, didn’t come as such a surprise. Vlocity is a company that makes six industry-specific CRMs on top of Salesforce. Those are...

BNB is under strong bearish watch across trading pairs, but it may halt at key demand areas.Despite the considerable price dumps, BNB remains the 9th largest cryptocurrency in terms of market cap.If BNB fails to bounce back at immediate support, a big sell action can be expected.BNB/USD: BNB Signaled Mid-Term Bearish After Breaching Crucial Support Key Resistance Levels: $21.5, $23Key Support Levels: $18.3, $17BNB/USD. Source: TradingViewThe last three days caused a lot of panic selling for...

UFC has signed a partnership with CryptoKitties creators to run blockchain collectibles with prominent UFC fighters such as Conor McGregor or Joe Rogan on Ethereum.The team responsible for CryptoKitties – the biggest Ethereum Dapp out there – is now working on a new entertaining product, together with the UFC.Dapper Labs, the creator of CryptoKitties, definitely knows how to bring the Ethereum powered products right to the wide audience. After releasing one of the most famous blockchain-based...

It has been discovered that there is a correlation between Bitcoin price and mentions of the upcoming BTC halving in media outlets. The more mentions are there, the higher the price is.It seems that whenever some media informs the public about the upcoming Bitcoin halving, the strongest cryptocurrency tends to grow. The BTC halving event is getting closer and closer. That’s why there is no surprise that the number of mentions is growing. According to a popular countdown, there are only 76...

Virgin Galactic stock dropped over 7% in the pre-market after the venture published its Q4 2019 results. The company did not meet the Wall Street’s expectations.Virgin Galactic Holdings (NYSE: SPCE), a space tourism company, has long stayed the winner in the extremely unstable market conditions. But following other tech companies, it has also admitted its defeat. While the whole market was in red, Virgin Galactic stock was rising. However, the soaring lasted until the company published its Q4...

The U.S. stock market is suffering from huge losses in its value due to coronavirus fears that have gripped investors. The U.S. stock market has received a huge blow due to the ongoing coronavirus outbreak (COVID-19) outside mainland China. In just two days, the sell-off wiped out more than $1.7 trillion from the market value, a rare case that was observed four years ago.According to an indices analyst, most investors who had their money in the stock market fled the riskier assets due to the...

Dow Futures started brightly on Wednesday morning but reversed course through the early hours. Investors are waiting for updates on the coronavirus infections around the world, especially in China, South Korea and Italy.Last few days we were witnessing futures going pretty much down. Stocks on United States markets had really bad few days. As per our analysis most of them had lived through the worst moments in their last four years (some even five).Most of it we can “thank” to the coronavirus...