Tag Archives: coronavirus

A cryptocurrency investor is telling the rest of the trading world that bitcoin could be headed for a downhill slope if things ease up in China. Omer Ozden – the CEO of Rock Tree Capital – claims that if problems like the coronavirus calm down, we’re likely to see less trading activity in the coming months.Omer Ozden: If the Virus Goes, Crypto Trading Could GoThe coronavirus has been running through areas like China for the past several weeks. Over 1,000 deaths have been recorded, and the...

Xiaomi Mi 10 and Mi 10 Pro 5G phones have been in China. They were expected to make their European debut on February 23 ahead of the big MWC phone show in Barcelona but it was canceled over concerns with the spread of the coronavirus.The fourth-biggest mobile phone producer Chinese Xiaomi launched its new 5G-capable Mi 10 and Mi 10 Pro flagship smartphones. This is a try to recuperate its sales that were declining in the home market for a while. However, the company is going pretty well in...

Tesla has now acknowledged the coronavirus as a serious risk in the company’s plans. Tesla says the epidemic could affect TSLA stock and the company’s progress.Tesla is easily the most interesting company in the world right now, because of its extremely parabolic stock. Currently trading at $788.99, TSLA stock has already pulled in more than 92% gains this year alone. However, even as it enjoys its new status, Tesla has admitted that the current coronavirus outbreak is strong enough to put a...

Apple (AAPL) stock is 1% down even though the coronavirus production delays will not affect the iPhone 12 September launch, as the high demand for 5G A14 chips pushes the company to the limit.New Apple iPhone 12 will be launched as planned by September despite the delays caused by the coronavirus outbreak. Apple has registered a spike in demand in A14 chips iPhone that supports the 5G network as the competitor Samsung has recently unveiled its flagship Galaxy S20 devices with the latest...

Dow Futures tanked in as the health officials from China’s Hubei city have arrived with a new “clinical diagnosis” methodology which has suddenly shot the tally of a total number of infected cases above 60,000.On Wednesday, February 12, China reported an additional 14,840 cases of coronavirus in its Hubei province. As the Hubei health officials tweaked their methods of diagnosing the virus, the total number of registered coronavirus cases shot above 60,000. This has sent its ripples across...

The coronavirus outbreak seems to be getting worse instead of getting better and the Asian markets have crashed in response to a 45% surge in confirmed cases.For a few days now, the general atmosphere about the state of the coronavirus outbreak in China has been somewhat optimistic. This is because it was generally thought that the epidemic was slowly starting to resolve and might soon peak. However, a new development shows that the coronavirus epidemic is a lot worse and markets are tumbling...

Bernie Sanders has seized his wins in Iowa and New Hampshire in the presidential race indicating a strong start to the national elections ahead this year. However, the markets have preferred to neglect his wins and continue to be on the rising momentum ahead. Dow Futures are moving up.The Dow Futures have rallied to a new high 29, 270 despite Bernie Sanders winning the Democratic Primary from the New Hampshire. The Dow Futures broke 45 points northwards soon as the news broke out despite the...

More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking for bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus.Approximately 300 Chinese companies are in search of bank loans amid rising concerns on the coronavirus spread.The total of loans banks are asking for is around 57.4 billion yuan ($8.2 billion).The sources told Reuters that the government has totally...

The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus has spread in a dozen other countries across the globe, raising a red alert to investors who are wary of the likelihood of an economic recession.As a result of the coronavirus outbreak, big investment...

According to IDC, Chinese consumers may abandon the idea to adopt 5G-enabled phones due to the influence of coronavirus, despite the fact that Chinese makers are offering premium models that take advantage of next-generation networks.With the further spread of coronavirus, Chinese business faces a new challenge. At the end of Q1 2020 that ends in March, China’s smartphone shipments could drop by over 30%.International Data Corporation (IDC) stated:“The coronavirus outbreak impacted the Lunar...