Tag Archives: Business

Macy’s has been removed from the benchmark S&P 500 stock index. Its market capitalization currently is a representative of small-cap space according to S&P Dow Jones Indices.American department store Macy’s Inc (NYSE: M) is currently experiencing the adverse effect of the novel coronavirus as it has been revealed that it will be removed from the benchmark S&P 500 stock index and be replaced by air conditioning company Carrier Global. Carrier Global Corp spun out last month by...

Zoom (ZM) stock price is down around 6% after several privacy issues are discovered. The video conferencing company has faced a lawsuit in California and an investigation by the New York Attorney General.Zoom Video Communications (NASDAQ: ZM) stock price is down 5.88% at the time of writing. Now it is trading at $137.52. Sources say that the popular video conferencing company’s shares fell as a result of concerns about alleged sales of customers data. The company is alleged to have shared...

Marriott International (MAR) stock is falling as the company had been hit by its worst customer data breach.Marriott International Inc (NASDAQ: MAR) stock price is down 6.76% after falling 5% in the pre-market. It happened after the company announced on Tuesday it had suffered a massive data breach. The American multinational diversified hospitality company is well known for managing the different line of hotels and lodging facilities. At the time of writing, Marriott (MAR) stock is trading...

Alphabet (GOOGL) stock price has been topsy-turvy. This, however, doesn’t change the company’s profit outlook as investors expect increased demand due to the COVID-19 situation.Alphabet Inc (NASDAQ: GOOGL) stock prices have been volatile in recent times. Sources say that the technology giant’s stock has had a rough time. This has been mostly due to the COVID-19 situation. This hasn’t slowed the demand for Google’s products. Google which is Alphabet’s child company, has seen an increase in the...

Five pharmaceutical companies across the globe lead the race in producing the first approved COVID-19 vaccine. Wall Street is likewise on alert for banking on the first company to produce an efficient one.As the battle against the spread of coronavirus outbreak across the world intensifies, many companies are working to put themselves at the forefront in producing viable COVID-19 vaccine.Producing a vaccine for human testing and adoption to address the Coronavirus outbreak remains as crucial...

Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.Tesla Inc (NASDAQ: TSLA) stock seems to be a great choice during downtrends. This is because the stock price turns out to do better under pressure. This particular characteristic has been monitored by both fans of the stock and foes alike. Tesla (TSLA) surged by about 23% last week. One thing to note though was that though...

General Electronic workers protest at the company’s headquarters after the announcement of a possible lay-off. However, GE stock shows a positive tendency.Amidst the coronavirus pandemic, the world has been forced to experience an economic recession with prices of commodities in the international market crashing day by day as multinational firms are experiencing a hard time as well. General Electric (NYSE: GE) is one of the many multinational firms hit by the pandemic. It has also had to deal...

Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.Ford Motor Company (NYSE: F) stock fell 3.08% on March 30, to trade at $5 per stock. But today it is trading with a 1.39% rise at $5.10. As with most U.S. stock markets at the moment, Ford (F) stock has recovered from the previous free fall thanks to the coronavirus stimulus package meant to cushion the market from further...

Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.Facebook Inc (NASDAQ: FB) stock has been on the winning side for the past two weeks, thanks to fundamentals that are cushioning its stock from the coronavirus pandemic. As of March 30, 16:26 EDT, the stock had pushed higher 5.84% and reached...

Microsoft (MSFT) stock rose by over 6% to trade at $159.99 on March 30. The spike is attributed to a 775% rise in the Microsoft Cloud services usage, as more people stay at home amidst coronavirus outbreak.Microsoft Corporation (NASDAQ: MSFT) shares experienced a sharp uptick of 6.87% in the late European trading hours, to clinch at $159.99. The spike in stock is being attributed to the rise in usage of its services as the coronavirus outbreak pushes people to stay at home and find...