Tag Archives: coronavirus

The article provides an explanation of how the U.S. Federal Reserve devalues dollars by printing them in huge amounts and saves corporations for the money of taxpayers.Nobody expected a sudden collapse of the global economy this year. Production and consumption volumes have fallen to incredibly low levels, and Goldman Sachs analysts predict in the second quarter of 2020 GDP contraction will make up 24%. Such a discouraging forecast contradicts central banks’ vision, and to handle the...

The First State Bank in Barboursville, West Virginia, is amongst the first financial entities to shut down operations during the COVID-19 outbreak. The Federal Deposit Insurance Corporation (FDIC) announced the news yesterday, noting that it has brokered the sale to MVB Bank.West Virginia Bank Shutting DownThe West Virginia state regulator closed the First State Bank in Barboursville yesterday. The FDIC was appointed receiver and later brokered the sale of all assets and all four branches to...

Bitcoin had a relatively good week of trading as it recorded its highest price since the coronavirus crisis began in March. Yesterday, BTC peaked at above $7,200, marking an impressive daily run that sent the entire cryptocurrency market well in the green. The majority of altcoins were also charting double-digit increases.Since then, Bitcoin’s price retraced to where it currently sits at about $6,750. The important level to look for right now appears to be $7,000, and if the bulls manage to...

Bank of America (BAC) has opened its small business loan portal. This comes as its stock is down in the market due to the COVID-19 situation.Bank of America Corporation (NYSE: BAC) stock price has fallen since the opening bell of the New York Stock Exchange (NYSE). Bank of America (BAC) stock has dropped to around $19.90, -$0.66 (3.23%).This comes at a time that the bank is seemingly “all-American” in its response to the business malaise that is currently occurring due to COVID-19.Bank of...

Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.Electric carmaker Tesla Inc (NASDAQ: TSLA) said on Thursday that they had the best first-quarter performance ever with 103,000 vehicles produced and 88,400 vehicles delivered. This number of deliveries revealed by Tesla was a surprise for many investors. The company also said that its Shanghai factory continued to achieve record levels of production, despite...

Healthcare workers are no doubt the true heroes in the ongoing fight against the novel Coronaivus pandemic that is wreaking havoc in over 200 countries across the globe. As a show of appreciation, the President of Venezuela, Nicolas Maduro, announced that the government would give free Petros to the doctors in the country to incentivize their selfless sacrifice and good work during this trying time.Doctors Get 1 Free PetroAccording to the announcement shared on Twitter, the President’s...

Apple is set to introduce its newest budget iPhone SE. However, today in the pre-market, AAPL stock wasn’t rising as it could have been expected.Apple Inc (NASDAQ: AAPL) stock price is down by about 0.58% in the pre-market today. The stock of the technology giant has faced increased pressure in recent times due to the COVID-19 situation. The closing prices are positive. The closing prices closed by 1.67% to $244.93.So, it could be a battle between the bulls and the bears. Sources say the...

The dreadful situation in Spain caused by the COVID-19 outbreak is not delaying local authorities to send notices to taxpayers. Those include traders and investors in cryptocurrencies, who have quadrupled in the past year to 66,000.Spain To Tax 66k Crypto InvestorsThe Spanish Tax Agency (Agencia Estatal de Administracion Tributaria or AEAT) began sending the notices on April 1st and will continue until June 30th, according to a local report.AEAT has been increasing the number of notices for a...

The Dow Jones dropped over 100 points on Thursday shortly after the start of today’s session as the Labor Department reported that initial jobless claims in the United States doubled to 6.6 million last week.Shares on Wall Street started the session on Thursday mixed after the Department of Labor released defeating data on a record 6.6 million people in the United States filing for unemployment benefits last week amid the coronavirus pandemic.The report showed that the figures for the week...

U.S. oil prices jumped 10% to clinch above $22 per barrel on Thursday after President Donald Trump said the oil price tag war between Russia and Saudi Arabia may come to its end soon.After closing the first quarter of 2020 on the worst fall, U.S. oil prices have shown signs of recovering amid the coronavirus crisis. This is after the United States President Donald Trump said that he expects Russia and Saudi Arabia to come to a common agreement on their differences.Saudi Arabia, an OPEC...