Tag Archives: Business

Johnson & Johnson after the announcement of the test of its coronavirus vaccine, JNJ stock has continued to surge, rising over 7%.Multinational pharmaceutical firm Johnson & Johnson (NYSE: JNJ) on Monday announced that human trial of its experimental vaccine for ravaging coronavirus will start September and would be ready for emergency use authorization early next year.After Johnson and Johnson made the announcement, the firm’s JNJ stock has continued to surge, rising over 7%.Johnson...

President Donald Trump reversed his earlier decision to open the United States by April 10, 2020, and now he plans to reopen the country for business on April 30.On March 29, President Donald Trump reversed his earlier decision to open the United States by April 10, 2020. He has decided to extend national social-distancing guidelines to April 30. This initiative is aimed at keeping the forecasted coronavirus death toll in the U.S. from reaching catastrophic and worst-case scenario levels.In...

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...

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...

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...

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...

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...

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...

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...

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...