Tag Archives: Business

Apple stock fell almost 7% on Friday because of the coronavirus. However, AAPL recovered a huge chunk of its loss in no time. Today it is also up.Apple Inc (NASDAQ: AAPL) stock is by far one of the most interesting in the market today. It has enjoyed quite the bull run for months, profiting off the success of its flagship iPhone 11 series and the new AirPods as well. In the period from the beginning of last year and into 2020, Apple pulled in returns of over 90% for its investors. However,...

As major biotech companies try to create a proper coronavirus vaccine, the following stocks just might be strong enough to hedge against the current financial plunge.The coronavirus epidemic isn’t letting down as many people hope it would. Instead, the number of confirmed cases as well as the mortality rate, are on a steady rise. The number of countries affected by the virus is also increasing steadily with many more countries confirming new cases of infection. The situation is worrisome to...

The 2020 Geneva Motor Show is canceled after the Swiss government banned gatherings of 1,000 people or more due to concerns over the coronavirus. Now, most of the companies including BMW and Bentley will livestream their new models to the public.After Geneva International Motor Show was canceled due to rapidly spreading coronavirus, carmakers BMW, Porsche and Bentley decided to debut their new cars online. This isn’t anything unexpected since this approach has been already taken by some...

Dow Jones futures rose early Monday, along with S&P 500 futures and Nasdaq futures, after initially plunging Sunday. TSLA stock has also started growing in the premarket.As the infamous COVID-11 progresses, investors are worrying more and more every day. Everybody’s talking about how nobody expected that a virus will become a so-called ‘Black Swan’. Just for reminder, we call Black Swan any unpredictable event that is beyond what is normally expected of a situation and has potentially...

Elon Musk believes that it would be easy for China to surpass the U.S. in economic size. His prediction is not baseless as China is the fastest-growing trillion-dollar economy.On February 26, the Air Force Association’s Air Warfare Symposium (AWS) began in Orlando, Florida. AWS is a premier event for the aerospace and defense industry that brings together the top leadership of the Air Force and leaders in the industry, academia, and government officials. During the event, the issues and...

Equities on major United States stock markets closed the trading session on Friday mostly lower, ending the worst week since the 2008 financial crisis. The Dow Jones and S&P 500 each dropped 12% and 11% in a week.Wall Street went through a historic drop this week all “thanks” to fast-spreading coronavirus that worried investors and traders. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the World Trade Organization (WHO) updated the coronavirus global risk to...

As most stock markets continue bleeding out due to the coronavirus outbreak, three biotech stocks have been defying the urge as the companies are working on a vaccine or a cure for the deadly coronavirus.Three major biotech companies, which are working on developing a vaccine or cure for the deadly coronavirus, have seen their stock markets defy the overall market plunge. The select biotech companies have either announced testing the vaccine on human victims or in the process of verifying a...

The rapidly spreading coronavirus appears to have pulled down the global traditional investment markets with Bitcoin joining the fall, giving up its hypothetical store of value status. The current BTC price is around $8,600.Everything in every market is currently red. As the coronavirus epidemic continues to spread, the stock markets keep crumbling with bitcoin right behind them in a downward spiral. The S&P 500 and the Dow seemed to enter a correction on February 27, representing a 10%...

Ripple failed to persuade a judge in Oakland, California to dismiss the class-action lawsuit. Will this situation seriously influence XRP price and the company’s plans for an IPO?A technical correction during the recent period plunged the XRP price down by approximately 36 percent. Unfortunately, the correction doesn’t seem to be stopping. At the time of writing, XRP was down 1.77% to $0.24. And what is even worse, those are nor our neither analysts’ predictions. These words came from Ripple...

With AMZN stock down 4%, the e-commerce is facing competition from Walmart that is working on a new service Walmart+ to surpass Amazon Prime. As coronavirus reaches for more countries outside China, tech companies are suffering stock collapse. This week, Apple Inc (NASDAQ: AAPL), Exxon Mobil Corporation (NYSE: XOM) and Intel Corporation (NASDAQ: INTC) plunged 6% each. AMN Healthcare Services Inc (NYSE: AMN) and Nvidia Corporation (NASDAQ: NVDA) dropped 7.3% and 5.6% respectively. Further,...