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Tag Archives: Business

Tesla CEO Elon Musk Offers to Manufacture Ventilators to Help Coronavirus Patients

Elon Musk has offered to manufacture ventilators if they become scarce. He said this while tweeting about a possible effective form of COVID-19 treatment.Elon Musk has offered to manufacture ventilators in the U.S. to help beat COVID-19. Sources say that the serial entrepreneur indicated this on a twitter thread. Musk it appears has had a change of heart about coronavirus. This comes after he allegedly called the emotional response about the situation “dumb”. The coronavirus panic is dumb—...

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Walmart (WMT) Stock Hits New Record, Adds 2.78% While the Whole Market Is in Red

For Walmart, the coronavirus outbreak has taken a beneficial turn, as the demand for some categories of goods and the number of deliveries have notably increased. This week, Walmart (WMT) stock cleared the 125.48 buy point.While the whole market is in the red because of coronavirus, Walmart Inc (NYSE: WMT) stock maintains its position. Moreover, it has managed to jump and reach a new high.On Wednesday, Walmart (WMT) stock got a second upgrade this week and cleared the 125.48 buy point. It...

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NYSE Trading Floor Is to Close after Two Positive Coronavirus Tests, Electronic Trading Continues

The NYSE is closing its physical trading floor for the first time in its history independently from the electronic trading which is going on. This closure is intended to remain temporary until things change.The NYSE trading floor is set to close on Monday, the 23rd of March. This is due to the emergence of positive COVID-19 cases. Sources say that the closure is only temporary. Two people reportedly tested positive for coronavirus. The American options floor, the equities trading floor and...

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Amazon (AMZN) Stock Rose 1.23% Yesterday, Stock Has ‘Buy’ Rating

An Amazon spokesperson said online shopping has surged as coronavirus spreads, and it is out of stock on some household staples and medical supplies. AMZN stock is moving higher.Amazon.com Inc (NASDAQ: AMZN) seems to be an interesting choice nowadays. Recently it has been upgraded to a Zacks Rank #2 (Buy). That means that it is expected earnings to rise and, therefore, stock price as well. At the time of writing at 5:27 am ET in premarket the stock was rising by 1.58% to $1,859. Yesterday,...

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TSLA Stock Down Antirecord 16.03% after Tesla Factory Shutdown Order

On Tuesday, the Bay Area’s local sheriffs’ department ordered the Tesla factory shutdown, but the plant with its 10,000 employees is still operating. TSLA stock is down.One would think that Tesla Inc (NASDAQ: TSLA) stock has already been to the lowest possible level. However, it still continues sliding, reaching the price below $400. Yesterday, TSLA stock closed at $361.22, 16.03% down. This anti record movement resulted not only from coronavirus that has undermined the whole market but also...

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Dow Jones Is Down More Than 1,700 Points as Worldwide Coronavirus Cases Top 200,000

The number of coronavirus cases has reached a new sad record of 200,000. The markets react negatively. Dow Jones is falling.COVID-19 cases surpassed 200,000 worldwide on Wednesday as the coronavirus continues to spread outside of China where the original thing started. Dow Jones continues to lose its points.At the time of writing, Dow is 1,764 points down.The total number of cases now stands at 206,664 as of 3:35 pm CET on Wednesday, according to data compiled by John Hopkins University. The...

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Uber Stock Loses Over 14% Today After Canceling Car Pools

Uber stock is falling after the firm confirmed that it was suspending carpool services as a result of COVID-19 despite a rally in the tech stocks.On March 17, the shares of Uber Technologies Inc (NYSE: UBER) closed lower 6.8% to $18.91 per share. But, as the coronavirus hit the global markets, other tech stocks rebounded. In the case of Uber, the shares dropped after the firm confirmed that it was suspending carpool services as a result of COVID-19. Today the fall continues and Uber stock is...

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Fox Involves in Streaming Business via $440 Million Tubi Aquisition

The streaming service with top Hollywood shows and films Tubi is now under the wings of Fox, a broadcast and news company. They inked a partnership worth $440 million, paid by Fox for full share control.Fox still holds Murdoch Family’s media assets, television and cable sports channels after selling the 21st Century Fox to Disney. Tubi Ltd (ASX: 2BE) is one of the free ad-supported services of film streaming. Recently, they have offered their young audience to Fox Corporation (NASDAQ: FOX)....

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Amazon (AMZN) Stock Rose 7% Yesterday, But Down More than 4% in Premarket

Yesterday, Amazon (AMZN) stock rose, rebounding 7.03% and closing at $1807.84. However, the positive movement did not last long, and in the premarket today, Amazon stock was down again. It was trading at $1,725.00, $82.84 (or 4.58%) lower.While big companies are closing their offices all over the world, Amazon.com Inc (NASDAQ: AMZN) is recruiting people. Notably, the hiring process has become a necessity due to coronavirus. As people are now afraid of going outside, the number of orders for...

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Bitcoin Halving Is Coming in 55 Days, Will Peter Brandt Take His Words about BTC Price Back?

Peter Brandt, Bitcoin Halving and Coronavirus: is a famous trader and Bitcoin bear right about price fall? No matter what, he wants to convince you that Bitcoin is set to collapse. Recently, he said that Bitcoin can dive under $1,000, and here are some of his new thoughts.Peter Brandt broke forth into a series of hot Twitter posts, claiming that the Bitcoin halving, coming in 55 days, is irrelevant. He claims that the real Bitcoin‘s supply is its daily trading volume. So, the reduction of the...

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