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Tag Archives: Business

EasyJet Grounds Entire Fleet as EZJ Stock Dips Another 8%

As a result of the ongoing coronavirus pandemic, EasyJet has announced that it has grounded its entire fleet of more than 300 aircraft. EasyJet stock market has lost another 8% after the announcement amidst internal disagreements.EasyJet plc (LON: EZJ), a British low-cost airline group that is headquartered at London Luton Airport, has today announced that it will ground its entire fleet of more than 300 aircraft. The airline is responding to the ongoing travel restriction caused by the...

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Abbott Laboratories (ABT) Stock Rose 8% in Pre-Market Trading and Is Up 6.83% Now

Abbott Laboratories (ABT) stock rises further following the company’s announcement about its system for identifying coronavirus. Today, during the pre-market hours, Abbott Laboratories shares were 8.77% up. Now they are 6.83% up.It is high time to see where do things stand in healthcare companies. One of them, Abbott Laboratories (NYSE: ABT), has recently got FDA approval on its coronavirus test m2000 RealTime System, which takes a 5-minute minimum to get the results. The test is portable and...

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JPMorgan Chase (JPM) Stock Remained Neutral in Pre-Market after Dropping by 7% on Friday

JPMorgan Chase (JPM) stock price remained in the neutral territory today in the pre-market as strategists say that the worst is over for the financial markets. As the trading opened, JPM started falling.JPMorgan Chase & Co (NYSE: JPM) stock remained neutral during the pre-market. Sources say that the banking behemoth’s stock prices seemed to hold steady as many expect the U.S. economy to go into a recession.This period of negative growth has been expected for the past month or so. This...

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IMF Chief Kristalina Georgieva Says Global Economy Is in Recession Due to Coronavirus

IMF chief Kristalina Georgieva said that the global economy is now in a recession due to the impact of COVID-19. “We should not go with small measures now when we know that it is a gigantic crisis,” she said.International Monetary Fund chief Kristalina Georgieva has stated that the global economy is now in a recession due to COVID-19, Bit she added that she’s “heartened to see world leaders finally realizing that only a coordinated effort will be able to stem the spread of the novel...

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McKinsey & Company Explains How Coronavirus Affects Businesses

The past several weeks have been chaotic everywhere in the world as the coronavirus outbreak threatens economies in both the West and the East. McKinsey explained what new challenges businesses have today.We are all aware nowadays that the novel coronavirus affected the world markets. If we are talking about cryptocurrencies, Dow Jones or commodities it affected them all. Also, it affected people and their ability to invest. We already wrote that the management and consulting company McKinsey...

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Alphabet (GOOGL) Stock Down 4% as Dow Jones Lost More than 1,000 Points

Dow Jones started the day with losing 1,058 points, or 4.7%. The S&P 500 was down 4% and the Nasdaq was 3.87% lower. Alphabet (GOOGL) stock is in the red as well.Friday’s trading started with Wall Street in red, with tech stocks going south. For instance, Alphabet Inc (NASDAQ: GOOGL) stock started the trading session at $1,127.47. At the moment of writing, Alphabet stock makes up $1,120.00 per share. It means that now GOOGL stock is falling nearly 4% if compared with the previous...

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President Trump Wants to ‘Open the Country Up’, U.S. Coronavirus Cases Surpass China and Italy

Currently, the United States has more confirmed cases than Italy and China but President Trump wants to open up the country in order to see business operations returning to normalcy.The massive and rapid spread of the coronavirus pandemic has resulted in economic downturns throughout the world. Currently, the United States has more confirmed cases than Italy and China. Thus, it is now the country with the biggest outbreak in the entire world and it’s clear that President Trump has what to say...

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AAPL Stock Rose 5% Yesterday, Falls 2.65% Today, Apple Testing AR/VR Headset

Apple (AAPL) stock rose by over 5% yesterday but is falling today. The company is testing an AR/VR headset with HTC Vive-like controller that is set to be launched in 2021 or 2022.Apple Inc (NASDAQ: AAPL) stock rose by over 5% yesterday, March 26, approximately $12.92 to hit $258.92. As with many other U.S. stocks, Apple stock rebounded strongly after the coronavirus panic sell-off that resulted in the huge fall. The prices retested a once strong resistant zone back in 2018, however, this...

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Tesla Stock (TSLA) Down 3.82% in Premarket but Surged 23.5% in One Week

Tesla (TSLA) stock price rose by about 20% in the past week alone. Will it continue this way? Though there are some doubts due to the coronavirus concerns, prices see to remain steady.Tesla Inc stock (NASDAQ: YSLA) has gone up this week. Sources say that stock prices moved more than 40% in the past week alone. Price on Thursday, the 19th March 2020 price was at $427.64. On the 26th of March which is a week later, the price has risen to $528.16 (at the closing bell). The difference in a week...

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Reasons Why Markets Continue to Rise Despite Growing Number of Coronavirus Cases

Well, the jobless figures and the economic outlook seem pretty bleak for the coming few quarters amid coronavirus, here is how the market is reacting to the situation. Is any further damage already priced-in?On Thursday, March 26, Dow Jones surged 6.38% closing the day 1351 points higher at 22,552 levels. This has been the index’s biggest 3-day surge since 1931. Just in the last three days, Dow has added nearly 4000 points to its rally.However, it was all surprising to see the markets rally...

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