Tag Archives: Business

Because of COVID-19, consumer demand for advertising (30% to 45% of Facebook’s total revenue) has fallen. Facebook (FB) stock has also suffered. Today, it has opened at $158.92.Facebook Inc (NASDAQ: FB) stock is suffering as the coronavirus continues its spread and badly affects the market. On Tuesday, the Facebook stock closed at $161.23 and further dropped in the after-hours sales. Today, it has opened at $158.92 but already tanked by 3.33%. At the moment of writing, the Facebook stock...

While Apple stock has corrected nearly 32% in just the last month, analysts point out at its strong fundamentals and multiple revenue streams and say it is a good bet at the existing valuations.On Tuesday, March 24, the U.S. stock markets recovered significantly after some fiscal stimulus measures the previous day. Smartphone giant Apple Inc (NASDAQ: APPL) also showed yesterday a solid 10% plus recovery with the company reclaiming its trillion-dollar valuations. On Tuesday closing, the Apple...

Nike reported quarterly earnings that have topped analysts’ expectations boosted by the company’s digital business and its success in North America. Nike stock is over 10% up today.On March 24, Nike Inc (NYSE: NKE) reported its earnings that topped analysts’ expectations, its stock reacted to the news. The quarterly earnings beat expectations due to a boost that came from the company’s digital business and significant growth in North America. These developments helped mitigate weakness in...

India is going on a nationwide quarantine. For at least the next 24 hours all Indians are discouraged to go to the streets. Also, the WHO thinks that the United States can become the next hot spot for coronavirus pandemic.Great Britain, India and many other countries already imposed hardcore quarantine. The coronavirus, U.S. markets, and overall uncertainty makes people go hoarding. Coronavirus spreading across the planet is causing much panic from the government and investment sides too. All...

Disney (DIS) stock price has risen as the entertainment company has launched its streaming service in seven European countries. This has also excited investors at a time when confidence is low.The Walt Disney Company (NYSE: DIS) stock price has risen as Disney + has opened across Europe. Sources say that the stock price has responded positively despite the prevailing COVID-19 situation. Disney (DIS) stock was at $90.79 (+5.87%) in the pre-market today. At the time of writing, DIS stock is...

As soon as a coronavirus vaccine is approved, it’s going to be needed in vast quantity, and many of the organizations in the Covid-19 vaccine race simply don’t have the necessary production capacity. Moderna is one of the promising players,The most asked question of all nowadays is probably the question of when the coronavirus vaccine will be ready. All eyes are turned to the prospect of a vaccine because only a vaccine can prevent people from getting sick. The overall number of infected...

The economy of the euro zone is being brought down on its knees in a historic measure due to the ongoing coronavirus outbreak. In response to the coronavirus pandemic, the Olympic Games in Tokyo have been pushed forward for another year.The coronavirus pandemic has not spared the giant euro-zone economy. According to a post by Bloomberg, the euro zone is sinking into the biggest economic crisis ever recorded in recent financial systems. As the authorities rush to implement precautionary...

U.S. Senate leaders and the Trump administration neared an agreement on a massive stimulus bill that could inject $2 trillion into the economy to blunt the impacts of the coronavirus.The United States Democratic party said it is working on a big stimulus bill in response as an answer to the coronavirus epidemic and its economic impact. A version of the bill is dated March 22 and it has been circulating includes a passage that, if passed, would lead to the creation of a “digital dollar” to be...

Tesla (TSLA) Stock price is up. There are several reasons to think that the automaker will do well during these chaotic times.Tesla Inc (NASDAQ: TSLA) stock price went up in the pre-market today. And this tendency continued when the market opened. This indicates that Tesla is getting something right amidst the stock market chaos. The COVID-19 situation has driven everyone into panic mode. As such, the reaction of the markets is panic based on irrationality rather than rationality that...

The schedule for the iPhone 12 release is fall 2020. However, it may change because of the current situation with the coronavirus outbreak that affects markets. Today, Apple (APPL) stock dropped.In autumn this year, Apple Inc (NASDAQ: AAPL) is scheduled to release its new iPhone 12 and iPhone 12 Pro. Recently, the company revealed some tech details of the gadgets, and take our word for it, they are really impressive. However, the announcement hasn’t had a positive impact on teh AAPL stock...