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Tag Archives: Business

Tesla (TSLA) Stock 0.54% Up Despite Downgraded Model 3 Chip in China amid Coronavirus

Tesla Model 3 cars underperformed customers’ expectations. According to buyers, the hardware in Model 3 vehicles was the 2.5 version as opposed to the 3.0 version the company promised. Tesla (TSLA) stock was up on Wednesday.Tesla Inc (NASDAQ: TSLA) stock is like a balance-wheel. A couple of weeks ago, shares were beating their own records several times. Then, as coronavirus was gathering speed and scale, TSLA stock plunged. Now, Tesla (TSLA) stock rises again.On Wednesday, Tesla shares ended...

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3M (MMM) Stock Rises 6.02% as HHS Clarifies U.S. Has about 1% of Face Masks Needed

To combat the pandemic-like situation with coronavirus spread, the Trump administration has ordered 35 million monthly N95 face masks from industrial giant 3M. The company has ramped up the production. 3M (NYSE: MMM) stock is up.The concerns of the coronavirus spread are rising every-single-day and the U.S. doesn’t seem to be prepared. On Wednesday, the Department of Health and Human Services clarified that the U.S. has only about 1% and not 10% of the N95 respirator masks. Such a situation...

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Google Cancels I/O Developer Conference 2020 Due to Coronavirus Concerns

Google has called off its I/O Developer Conference 2020 due to COVID-19 fears. It has joined the row of other major events globally to be canceled this year.Google I/O developer conference 2020 has been canceled. This comes after Facebook also decided not to hold its F8 developer conference and Google also canceled its Cloud Next event as well. Google I/O was scheduled for May 12th to 14th, 2020. It has been canceled due to COVID-19 concerns. An e-mail was sent to attendees giving them the...

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Facebook (FB) Stock Falls 5.37%, Company Offers Free ‘Coronavirus’ Ads to WHO

Facebook will provide free advertisements to the World Health Organization as it seeks to ensure users are not misinformed about the coronavirus. FB stock was down yesterday but started to grow in the premarket.As the coronavirus spreads on a pace nobody even could imagine (94,192 infected, 3,219 dead), more and more companies are joining forces to help prevent further damage. Among them is one of the widest spread social media in the world – Facebook Inc (NASDAQ: FB).Yesterday FB lost over...

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Amazon (AMZN) Stock Down 2.3% on Tuesday, Amazon Employee Infected with Coronavirus

An Amazon employee in Seattle tested positive for COVID-19. Amazon stock (AMZN) lost over 2% on Tuesday but started gaining again in the premarket.Amazon.com Inc (NASDAQ: AMZN) announced yesterday that one employee who works in one of its Seattle, Washington, offices has been tested positive for the coronavirus.After the news, the Amazon (AMZN) stock price lost 2.3% and fell to 1,908.99 amid coronavirus. Now in the premarket, AMZN is 1.99% up. Its price is $1,947.The company told the...

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Tesla (TSLA) Stock Could Hit $1,060 as Coronavirus Creates Opportunity, Says JMP Analyst

JMP said its new price target of $1,060 for Tesla (TSLA) stock, is one of the highest on Wall Street and implies earnings multiple that “may seem excessive”.Shares of electric carmaker Tesla Inc (NASDAQ: TSLA) grew on Tuesday after JMP Securities upgraded it and set a price target of $1,060 per share. That would mean that Tesla is among the stocks with the highest level on Wall Street.From JMP Securities it’s said that the “investors may find themselves with additional near-term opportunities...

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Nouriel Roubini Predicts Dow Jones 40% Crash: Get Ready for Next Global Economic Crisis

Veteran analysts from Wall Street warn investors that we are at the brink of the next economic recession and it could be possibly worse than the 2008 financial crisis.The coronavirus spread has exacerbated over the last months thereby severely impacting markets worldwide. On Tuesday, the Federal Reserve pressed the buzzer by offering rate cuts amidst rising concerns of the U.S. economic crisis. While the Fed is attempting to boost the crashing markets, analysts think it is not enough.Nouriel...

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Dow Futures Add 400 Points as Joe Biden Wins on Super Tuesday

At 7.30 p.m. EST, the U.S. stock market indexes were up, and futures started soaring. By the moment of writing, Dow futures have already gained around 400 points. Wednesday began with U.S. stock futures climbing in the early morning following Super Tuesday election results. Dow futures soared by 371 points at the open, S&P 500 futures climbed 1.4%, and Nasdaq futures were up 1.5%.Notably, yesterday, the stock futures market was in a downturn. It closed with the Dow Jones futures lower by...

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Inovio Stock (INO) Rises 69.70% as Human Trials of Coronavirus Vaccine Will Start in April

Inovio plans to start a clinical trial of its coronavirus vaccine in the U.S. next month with the thought to expand to China and South Korea shortly thereafter.Inovio Pharmaceuticals Inc (NASDAQ: INO) is up over 18% in the premarket. Now its price is $8.80. But on Tuesday its results were even more impressive. INO stock gained practically 70%, reaching the level of $7.45. It happened after Inovio announced it has been speeding up the timeline for the development of a vaccine to treat the...

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Thermo Fisher Scientific Seeks to Acquire Qiagen in $12B Deal

Thermo Fisher launched an $11.59 billion bid for genetic testing company Qiagen NV. This acquisition may create a powerhouse that could be the next big thing in the biomedical field.Thermo Fisher Scientific Inc (NYSE: TMO) seems set to acquire Qiagen NV (NYSE: QGEN). The deal is reportedly worth about $11.59 billion. With its headquarters in the Netherlands, Qiagen runs operations from Germany. Sources indicate that the deal is expected to be rounded up as early as this week. After talks...

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