Markets

Warren Buffett has warned against buying or selling shares. He doesn’t think that the behavior of investors should be influenced by the coronavirus panic.Many people have revealed reactions in response to the heavy plunge the stock markets took as a result of the coronavirus. A lot of companies shed some weight which ended up significantly affecting some of the world’s richest people. As with occurrences like this, many businessmen, as well as market analysts and traders alike, have aired...

Global markets crashed and burned Monday as risks from coronavirus, and other uncertainties fueled panic. The Dow Jones Industrial Average cratered over a 1,000 points for a 3.56% loss. The S&P 500 Index closed 111 points down, losing 3.35%.The NASDAQ Composite fared worst, with a 355 point decline, or 3.71% of its market capitalization at the start of the day. Further, oil prices tumbled, with Brent crude down 4.1% and U.S. crude futures down 4%. As of press time, the above US indexes...

Moderna (MRNA) stock price is increasing after the news that the first coronavirus vaccine is ready to be tested on humans. Yesterday, the stock gained 20% and is still growing today.Moderna Inc (NASDAQ: MRNA) stock jumped by 20% on Monday and keeps growing today. This has happened as a result of its recent breakthrough in developing a vaccine to fight with the coronavirus. The biotech company indicated in a press release that its RNA-based vaccine is ready for its first batch of human...

Amazon stock crashed more than 4% yesterday, causing CEO and founder Jeff Bezos to lose nearly $5 billion of his personal wealth.The effects of the coronavirus outbreak are still being felt all over the world. With each passing day, these effects are worsening and are getting harder to ignore. Stock markets all over the world are taking a plunge and a lot of money is being washed down the drain. This problem has hit the world’s richest man and Amazon.com Inc (NASDAQ: AMZN) CEO Jeff Bezos, who...

Revolut raised over $500 million in a funding round and saw its valuation achieve $5.5 billion. The company was also named as one of the most valuable fintech start-ups in Europe together with Klarna.British digital bank Revolut has tripled in valuation from the previous $1.7 billion to the current one $5.5 billion. This came after the company was involved in a fresh round of funding led by TCV, a silicon valley based company, where it raised $500 million.The fundraising was also backed by...

MoneyGram International Inc, which is one of the major Ripple’s partners, has revealed that it had a bad fourth quarter of 2019, especially if compared to results in Q4 2018. The stock is in red.MoneyGram International Inc (NASDAQ: MGI) stock is trading at around $2.38 at the moment of writing which indicated that the stock has lost over 7% since the last closing. Ripple and MoneyGram International Inc are making significant moves to keep the service on the top of the remittance market. The...

MasterCard Inc (MA) stock dropped after the reports about the potential influence of the coronavirus outbreak on the company’s revenue. The stock price in the pre-market is $320.85.Mastercard Inc (NYSE: MA) stock dropped sharply on Monday after the bell rang. The 4% drop was attributed to the report given by the company regarding its 2020 revenue. According to the company, cross border travel and the cross border e-commerce growth that is being affected by the ongoing coronavirus, the...

The Dow Jones futures plummeted quite terribly yesterday. However, today, it has gained almost 300 points on its way to recovery.The coronavirus is still a major problem not just health-wise, but for financial markets as well. All of the uncertainty, fear and doubt stemming from the outbreak which started last year, has caused very visible effects on the world’s stock markets. Yesterday, stocks crashed badly, signifying the market’s worst plunge in 2 years. Now, a rise can be observed as the...

Virgin Galactic Holdings (NYSE: SPCE) stock manages to continue its rise while the majority of the stocks on the market are falling. Now in teh pre-market, it has gained around 8%.Virgin Galactic Holdings (NYSE: SPCE) stock has managed to rise slightly during the recent stock dip on the market. This dip occurred during a brief reign by the bears. The reason behind this was the issues surrounding the coronavirus. During the market stumble, SPCE stock had a reversal. The stock experienced an...

Ripple’s XRP price may be on the road to the next big move, as the company is actively expanding the scales of its activities and joined the Top 100 Remittance Companies list being the only crypto-related company there.Ripple network sent 54 million in one week from the U.S. to Mexico, according to the reports. Such a big volume level pushes XRP price greatly, even though the recent downfall. With the company reaching the top 100 cross-border payment corporations chart, new horizons are...