Markets

Led by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, a G-7 call will be devoted to the discussions of the coronavirus outbreak and its economic impact.Financial ministers and central bankers from all over the world are planning to hold a conference call on Tuesday in order to coordinate their financial and economic responses regarding the spreading coronavirus. The teleconference call will be led by Treasury Secretary Steven Mnuchin and Federal Reserve...

Robinhood online brokerage app crumbled on March 2 when the Dow Jones gained its most single-day points, leaving investors frustrated unable to take advantage of the market recovery.After the stock markets imploded last week due to the fears of the coronavirus spread, traders were ready on March 2 to cut some of those losses. However, that was not meant to be for all Robinhood investors. Robinhood, the brokerage platform, suffered a prolonged outage and was offline for a whole U.S. trading...

Apple played a significant role in Monday’s historic rally. Shares of the iPhone maker soared 9.3%. It was the AAPL stock’s largest one-day move in more than 11 years.Apple Inc (NASDAQ: AAPL) rose more than 9% on Monday which was the best day for it in 11 years. The company announced it will pay up approximately $500 million to settle lawsuit among American customers who said the company is intentionally slowing down older iPhone models. It closed on the aftermarket at the price of...

The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.Stocks made quite of a ricochet yesterday after their worst week since the financial crisis back in 2008. The Dow Jones Industrial Average posted its best gain in more than 10 years mostly boosted by the expectation that the Fed will lower interest rates.Dow Jones Industrial Average jumped over 1,290 points...

Despite the massively weakening demand in the European market, the TSLA stock surged 11% on Monday beating down the bears. Reportedly Tesla is focusing on strengthening its position in the North American market.On Monday, March 2, the Tesla Inc (NASDAQ: TSLA) stock gained over 11% with its price moving close to $750 but Morgan Stanley still asks investors to be cautious. This recovery came amidst the broader markets showing marginal recovery on Monday. Although the COVID-19 cases have been on...

Bitcoin (BTC) price rebounds after central banks of several countries announced their support to markets and promised to provide the help needed to protect the global economy.Seems that after suffering losses, markets have started recovering. A prime example of this recovery is Bitcoin that reached 3.2% in daily gains on March 2. Still being down from earlier highs of $8,900, Bitcoin is trading at $8,797.68 at the moment of writing. Notably, Bitcoin price rebounds after the last week’s 14...

Tron price declined heavily below $0.0200 and $0.0180 against the US Dollar.TRX price traded as low as $0.0156 and it is currently correcting above $0.0170.There is a major bearish trend line forming with resistance near $0.0185 on the 4-hours chart (data feed via Bitfinex).The price struggle to clear the $0.0185 and $0.0190 resistance levels in the near term.TRON price is recovering, but it is facing many hurdles against the US Dollar, similar to bitcoin. TRX price must settle above $0.0190...

Ethereum price declined heavily below $244 and recently found support near $210 against the US Dollar.ETH price is currently recovering and it is trading above the $225 resistance area.There was a break above a key bearish trend line with resistance near $225 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher towards the $244 and $250 resistance levels in the near term.Ethereum price is showing signs of a decent recovery above $225 against the US Dollar....

Today, as of March 2nd, 2020, ThreatFabric, an Amsterdam-based cybersecurity company, has released a report about a new threat to the crypto community, known as the “Cereberus” Trojan virus.According to their report, Cereberus is capable of stealing two-factor authentication codes generated by the Google Authenticator app, which are used to secure online banking and email accounts, as well as cryptocurrency accounts on certain exchanges.Cereberus was first identified in June of last year but...

Everybody knows that Tim Draper has always been a big bitcoin and cryptocurrency fan, but he’s taking his love of digital assets one step further and has now turned his back on all other investment tools. He says he’s even quit stocks completely, and now invests a huge portion of his portfolio in bitcoin alone.Tim Draper Really Believes in BTCDraper says he exited stocks about six months ago. The market has been up and down since Trump first initiated a trade war with China and implemented...