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Tag Archives: coronavirus

Black Monday: Oil Slumps 30%, Global Stock Markets and Bitcoin Crashing As Coronavirus Situation Worsens

Confirmed coronavirus cases continue to grow globally. The Saudi Arabia Kingdom launched an unexpected oil price war against former ally Russia.As a result, the traditional financial markets are plummeting severely. At the same time, Bitcoin showcases a positive correlation with them and drops below $8,000 – for the first time since January 2020.The 2020 Oil Price WarThe coronavirus outbreak hit all financial markets and sectors. Oil is no exception. In an attempt to artificially inflate the...

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Analysts: Bitcoin Isn’t Dropping Due to the Coronavirus

Bitcoin may be going through some heavy turmoil as of late, but its believers are still hovering in the background waiting for it to accomplish big things.Bitcoin Is Still Likely to Accomplish a LotThanks to growing fears of the coronavirus, bitcoin has seemingly fallen heavily over the past few weeks, dropping from about $10,500 in mid-February to roughly $8,300 by the end of the month. Over the past week, positive news has permeated the space, allowing the currency to recuperate...

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Financial Crisis Might Worsen As US Authorities Are Badly Fumbling The Coronavirus Response

The US Centers for Disease Control and Prevention (CDC) has said coronavirus will inevitably infect many Americans. Therefore drastic steps must be taken to fight the epidemic. But stories of unbelievable missteps in the US government’s response to coronavirus abound on social media.CDC Refuses to Test Nurse Who Cared for Coronavirus PatientOn Thursday, the California Nurses Association read a statement by one of its members. She’s a nurse in Northern California on quarantine after caring for...

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Markets Finished Week in Red amid Coronavirus Epidemic

European stocks fell sharply on Friday. On Wall Street, equities sank as well with the Dow Jones industrial average falling by 250 points. The coronavirus is spreading.Even though coronavirus came from Wuhan, Hubei – a China province, it seems that the country finally made its way on reducing the number of infected people. China’s National Health Commission (NHC) reported a significantly reduced number of COVID-19 cases with 99 new confirmed in the past twenty-four hours. This is, however,...

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Elon Musk Calls Coronavirus Panic ‘Dumb’ while Tech Companies Take Control Measures

It seems that Tesla CEO Elon Musk is not afraid of the coronavirus and is not going to panic while other giant tech companies are advising their employees to work remotely.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk through a tweet disregarded the ongoing coronavirus panic where he called it ‘dump’. His comment seems to have been welcomed well by a huge group of his followers, where the tweet had hit 1.1M likes at the time of writing.The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6,...

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Facebook (FB) Stock Dips 3.45% in Premarket as Company Takes Measures Due to Coronavirus

Facebook (FB) stock has negatively reacted to the current situation in the U.S. caused by the coronavirus outbreak and all the related risks.Facebook Inc (NASDAQ: FB) stock has dipped 3.45% in the premarket to trade below $190 price level as the company is advising its employees from the greater Bay Area to stay at home due to fears of coronavirus spread in the locality. The instructions to cancel any work trip will affect its California headquarters and also it’s Menlo Park.This a huge blow...

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Airline Stocks Take the Hardest Hit Due to Coronavirus

Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The airline stocks have been also seriously hit.Amid the coronavirus spread, except cruise-liner stocks that were affected the most, the second one on the hit is the airline sector.Shares of American Airlines Group Inc (NASDAQ: AAL) are continuously falling a few days in a row now. At the time of writing, the stock was falling 6.17% to $15.05 in...

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Amazon, Google, Microsoft, Facebook in Seattle Working from Home Due to Coronavirus

Amazon, Facebook, Google and Microsoft are all encouraging employees in the Seattle area to work from home due to concerns about the coronavirus as the outbreak in Washington grows.The coronavirus grew more deadly in the United States, with the death toll climbing to 12 on Thursday. Throughout the country, more than 225 cases have been confirmed. Yesterday, U.S. Senate has agreed on an $8 billion emergency funding package that is headed to the President. Lawmakers across the country are...

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Microsoft (MSFT) Stock Down 2.51%, Two Employees Infected with Coronavirus

While the coronavirus fears are spreading in the U.S., many tech giants are under their influence as well. MSFT stock lost over 2% yesterday and continues falling in the premarket.Microsoft Corporation (NASDAQ: MSFT) reported that two of its employees in Washington state have been infected with the coronavirus.Meanwhile, Microsoft stock yesterday lost 2.51% and fell to the level of $166.27. The current market cap of the company is 1.26 trillion. In the premarket, MSFT continues falling while...

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Dow Jones Lost 900 Points on Thursday while Coronavirus Is Spreading in U.S.

The COVID-19 spread continues to cast a larger shadow on the global markets as volatility seeps in. Analysts say that corrective measures by the Fed are doing little to control the market fall. Dow seriously dropped on Thursday.On Thursday, March 5, Dow Jones tanked 900 points giving a close above 26,100 levels. The markets have stayed quite unpredictable for the whole week oscillating to-and-fro.Since this Monday, Dow Jones has been moving 100 points up and down every alternate day. The...

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