Tag Archives: Business

The vaccine to protect against coronavirus has started to be tested in the US. Four patients received the jab. The vaccine contains a harmless genetic code copied from the virus that causes the disease.Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases confirmed that the first human trial testing a potential vaccine to prevent COVID-19 finally began. The vaccine was tested for the first time on Monday.He stated:“Finding a safe and effective vaccine to...

Apple (AAPL) stock price dropped after it was announced that retail shops outside China will be closed due to COVID-19 fears.Apple Inc (NASDAQ: AAPL) stock price fell by about 12% on Monday. Sources say that the technology giant’s shares dropped as well. Stocks kept sliding even after the pre-market drop. This indicates that the Cupertino California technology company has its plate full. But today Apple stock is in green. As at the time of filing this report, Apple (AAPL) stock price was...

Tesla (TSLA) stock plummeted 18.58% in trading on Monday from its previous close of $546.62 to $445.07. The stock has fallen amid the broader sell-off in U.S. markets.Shares of electric-car company Tesla Inc (NASDAQ: TSLA) were slashed on Monday after Wall Street suffered massive losses amid concerns over the economic impact from the coronavirus outbreak which has an impact on the analysts’ price target for TSLA. The stock fell as much as 18.58%. However, in premarket it was a bit up – by...

Within the partnership, Android Opera users get the ability to purchase Bitcoin and Ethereum with a debit card, while iOS users can check the function in Apple Pay.Late January this year, Opera completed its efforts to provide Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux, and iOS. Now Opera users receive new options to buy cryptos. They can now do it using a debit card or Apple Pay. The initiative follows Opera’s partnership with crypto startup Wyre....

Dow Futures are showing a sharp recovery after Monday’s bloodbath as U.S. President Donald Trump assures supporting industries amid this ongoing COVID-19 outbreak that has disrupted the global economy.On Monday, Dow Jones suffered its worst day after the “Black Friday” market crash of 1987 as fears of coronavirus continue to mount further. The Dow Jones crashed 12.9% i.e. nearly 3000 points closing at 20,188 levels. Just at the Monday opening, Dow Jones triggered a circuit breaker halting...

European markets rallied, but then lost some of their gains, while markets in the Asia-Pacific region were mixed on Tuesday as investors tried to grapple with a disastrous Monday on Wall Street.European equities started its trading higher on Monday following new development regarding the coronavirus vaccine. Also, the Union decided to close its external borders. The first human trial to evaluate a candidate vaccine against the new coronavirus has begun in Seattle yesterday, raising hopes in...

Taking into account the extremely fragile healthcare systems in Africa, the UK-based company Mologic has collaborated with Senegalese research foundation Institut Pasteur de Dakar to develop the COVID-19 hand-held testing kits.The coronavirus pandemic has gripped the world population with massive fear over the last month. All medical representatives and authorities have been working really hard to find an antidote to the COVID-19. Besides, there’s a lack of infrastructure that allows people...

Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.Bakkt, the cryptocurrency derivatives exchange, has undergone series B funding. This was to the tune of $300 million. Sources say that the exchange involved many partners. Intercontinental Exchanges (ICE), which is Bakkt’s parent company, Microsoft‘s M12, Pantera Capital, PayU, CMT Digital, Boston Consulting Group, and Goldfinch Partners were among...

The stocks of JPMorgan and Citi are falling, showing a decrease of 17.71% and 19.27% (at opening) accordingly. The situation gave birth to fears regarding banks and coronavirus.Citigroup Inc (NYSE: C) lost 18%, sliding to $41,98 per share. Wells Fargo & Co (NYSE: WFC) lost 14%, drowning to $26,56 per the stock. As per the Bank of America Corp (NYSE: BAC), they have lost 15%, driving the stock price to $20,44. It seems like the banks are not prepared for the coronavirus attack. More than...

American Airlines stock has crashed after the company announced a 75% reduction in capacity because of the coronavirus. Analysts warn things could get worse.Many airlines all over the world are currently in panic mode because of the coronavirus. A lot of them, including travel companies in general, seem to be finding it very difficult to make ends meet simply because the volume has seriously plunged. Some airlines are grounding a significant percentage of their fleet, while others are looking...