Tag Archives: Business

The U.S. stock market is suffering from huge losses in its value due to coronavirus fears that have gripped investors. The U.S. stock market has received a huge blow due to the ongoing coronavirus outbreak (COVID-19) outside mainland China. In just two days, the sell-off wiped out more than $1.7 trillion from the market value, a rare case that was observed four years ago.According to an indices analyst, most investors who had their money in the stock market fled the riskier assets due to the...

Dow Futures started brightly on Wednesday morning but reversed course through the early hours. Investors are waiting for updates on the coronavirus infections around the world, especially in China, South Korea and Italy.Last few days we were witnessing futures going pretty much down. Stocks on United States markets had really bad few days. As per our analysis most of them had lived through the worst moments in their last four years (some even five).Most of it we can “thank” to the coronavirus...

It has become known that Bob Iger is leaving his position of the Disney CEO, the DIS stock has reacted negatively to the announcement and is falling in the pre-market.Walt Disney Co (NYSE: DIS) CEO is stepping down. Sources indicate that Bob Iger has resigned from the top role in the entertainment giant yesterday. The announcement was made after trading hours. Disney (DIS) stock went into a dive after the announcement about the CEO. Bob has reportedly decided to step down to take up creative...

Tandem Diabetes Care Inc reported its financial year results and Q4 earnings. Although the company reported profits, TNDM stock went down as the sales continued to slag.Tandem Diabetes Care Inc (NASDAQ: TNDM) unexpectedly posted profits in the fourth quarter on Monday. After that, the stocks took a downtrend direction and dipped below to trade at 78.30 at the time of writing. It means that TNDM is around 10% today. In the framework of its Q4 report, Tandem Diabetes also announced the 2019...

Amazon stock crashed more than 4% yesterday, causing CEO and founder Jeff Bezos to lose nearly $5 billion of his personal wealth.The effects of the coronavirus outbreak are still being felt all over the world. With each passing day, these effects are worsening and are getting harder to ignore. Stock markets all over the world are taking a plunge and a lot of money is being washed down the drain. This problem has hit the world’s richest man and Amazon.com Inc (NASDAQ: AMZN) CEO Jeff Bezos, who...

Revolut raised over $500 million in a funding round and saw its valuation achieve $5.5 billion. The company was also named as one of the most valuable fintech start-ups in Europe together with Klarna.British digital bank Revolut has tripled in valuation from the previous $1.7 billion to the current one $5.5 billion. This came after the company was involved in a fresh round of funding led by TCV, a silicon valley based company, where it raised $500 million.The fundraising was also backed by...

MoneyGram International Inc, which is one of the major Ripple’s partners, has revealed that it had a bad fourth quarter of 2019, especially if compared to results in Q4 2018. The stock is in red.MoneyGram International Inc (NASDAQ: MGI) stock is trading at around $2.38 at the moment of writing which indicated that the stock has lost over 7% since the last closing. Ripple and MoneyGram International Inc are making significant moves to keep the service on the top of the remittance market. The...

MasterCard Inc (MA) stock dropped after the reports about the potential influence of the coronavirus outbreak on the company’s revenue. The stock price in the pre-market is $320.85.Mastercard Inc (NYSE: MA) stock dropped sharply on Monday after the bell rang. The 4% drop was attributed to the report given by the company regarding its 2020 revenue. According to the company, cross border travel and the cross border e-commerce growth that is being affected by the ongoing coronavirus, the...

The Dow Jones futures plummeted quite terribly yesterday. However, today, it has gained almost 300 points on its way to recovery.The coronavirus is still a major problem not just health-wise, but for financial markets as well. All of the uncertainty, fear and doubt stemming from the outbreak which started last year, has caused very visible effects on the world’s stock markets. Yesterday, stocks crashed badly, signifying the market’s worst plunge in 2 years. Now, a rise can be observed as the...

Virgin Galactic Holdings (NYSE: SPCE) stock manages to continue its rise while the majority of the stocks on the market are falling. Now in teh pre-market, it has gained around 8%.Virgin Galactic Holdings (NYSE: SPCE) stock has managed to rise slightly during the recent stock dip on the market. This dip occurred during a brief reign by the bears. The reason behind this was the issues surrounding the coronavirus. During the market stumble, SPCE stock had a reversal. The stock experienced an...