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Tag Archives: coronavirus

Opinion: The Fed’s Emergency Rate Cut Proves The Current Financial System is Helpless And In Panic

The world economy is in a state of emergency. Stocks are plunging continuously as investors are timid of the spreading novel coronavirus. While China appears to have managed to handle the situation and reports close to zero cases on a daily basis, countries from the European Union and the US see exponential increases.In yet another attempt to provide a helping hand to the markets, the US announced a second rate cut, bringing down interests to a near-zero. Additionally, the Fed will be buying...

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American Airlines Stock Down 17.89% in Premarket as Company Cuts International Flights by 75%

American Airlines stock has crashed after the company announced a 75% reduction in capacity because of the coronavirus. Analysts warn things could get worse.Many airlines all over the world are currently in panic mode because of the coronavirus. A lot of them, including travel companies in general, seem to be finding it very difficult to make ends meet simply because the volume has seriously plunged. Some airlines are grounding a significant percentage of their fleet, while others are looking...

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Privacy In Danger: Israel Is Already Tracking Citizens’ Private Phones, US Soon To Be Next?

One of the tenets of the cryptocurrency and blockchain industry is privacy and freedom. And now, privacy is at risk again. This time it’s thanks to the highly contagious Coronavirus that has shaken both the global stock market and crypto markets.  As the global pandemic continues to spread at a very high rate, governments of each country are taking drastic measures to fight the virus to prevent further spreads. One such move is to spy on the civilian population by tracking their movement...

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Oil Price Drops Below $30 as Coronavirus Forces Reduced Demand

The situation with the oil price is getting worse as the price has now fallen below $30 as there is no longer much demand because of travel restrictions due to the coronavirus.The price of oil is easily the most talked about the news after the coronavirus pandemic. Oil, which has relatively maintained a significantly healthy price range for a while now, crashed terribly last week. Saudi Arabia deliberately cut down on the price of oil by 30% in response to Russia disagreeing to reduce its...

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Google CEO Sundar Pichai Apologized to Donald Trump, Google Working on COVID-19 Website

Currently, Google is working on a website devoted to COVID-19. Serving an informative function, the website will also remove fake information about the virus on YouTube, Google Maps, Google developer platforms, and across ads.Last Friday, the U.S. President Donald Trump revealed that Google is currently working on the screening website that addresses COVID-19 education, treatment and prevention, and local resources across the nation. According to Trump, 1,700 engineers under the tenure of...

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AAPL Stock Down 12.26% in Premarket, Apple Fined $1.2B by French Antitrust Authorities

Apple (AAPL) stock price dropped by around 13% in the premarket and is falling in the trading session today as well. This is due to a fine of about $1.2 billion imposed by the French antitrust regulators.Apple Inc (NASDAQ: AAPL) stock price was down 12.26% in the premarket. The stock price was at $243.90. This wasn’t the case though on Friday. Sources say that the price of the stock ended on Friday at $277.97. The fall has reportedly happened due to a € 1.1 billion (about $1.2 billion) fine...

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TSLA Stock Falls 15.49% in Premarket Today, Down More Than 40% from ATH of $917

Though a month ago TSLA stock was approaching $1000, today it is trading much lover. Its current price is below $500 in the premarket.Most of the tech stocks rose Friday together with the rest of the market. However, Tesla Inc (NASDAQ: TSLA) again decided to swim against the stream so it ended the week in the red after hours after President Donald Trump declared a national emergency over the coronavirus pandemic. Tesla shares opened on Friday at $595 plunged to $502 at their lowest point in...

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Coronavirus: European Markets Plunge Deeper as Governments Impose Safety Restrictions

The coronavirus pandemic isn’t at all taking it easy on European markets as well as travel stocks. Both are seriously bleeding. People are panicking and waiting for signs of improvement.The coronavirus outbreak has gotten increasingly worse since the first cases last year. Because of the situation, governments all over the world have begun imposing different lockdown levels to curb the spread of the highly contagious disease. With a large number of Europeans currently confirmed with COVID-19,...

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SPCE Stock 17.63% Down in Premarket, Two NASA Employees Test Coronavirus Positive

NASA Marshall center claimed that they have the employee tested positive for the coronavirus. SPCE stock started falling in the premarket after a good Friday.Johns Hopkins University says the U.S. already has 3,300 or more contamination cases. Dow and S&P 500 do not show any signs of positive resolve. Nasa, Boeing, Blue Origin and Lockheed Martin have set the limit for their employees, they also cancel public events. The development of important spacecraft hardware is under attack....

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Ronaldo Won’t Turn Hotels to Coronavirus Hospitals, LVMH Will Produce Free Hand Sanitizers

The story about hotels owned by Ronaldo turned out to be fake. But it has become known that LVMH will produce free hand sanitizer for French Hospital Authorities.Even though it was reported through a lot of the media that a famous footballer Cristiano Ronaldo is turning his CR7 hotels into hospital to help people with coronavirus infection – it seems the news was fake.One of the hotels that were rumored to be have transformed into an infirmary for people affected by the deadly disease, The...

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