Tag Archives: Donald Trump

Dow Futures lost another 800 points. Futures contracts for the indices were in “limit down” territory, a situation where trading is halted after they have hit a 5% loss and can go no lower.Trading of futures contracts has seen extreme volatility overnight, and some traders even thought of the possibility that computer trading has distorted trading moves in the market’s collapse deriving from the coronavirus outbreak. Futures on the Dow Jones Industrial Average fell 821 points, indicating a...

Initiating human trials is only one step in the long process of proving the safety and efficacy of a new therapeutic. Still, the timeframes to beginning testing for Moderna, BioNTech and CureVac are faster than typical for traditional vaccines.We already wrote how almost all pharmaceutical firms throughout the whole world are doing everything to develop a vaccine that would help to stop the coronavirus spread. No matter if they’re big or small, the goal is the same and it is no more just a...

Dow Futures are showing a sharp recovery after Monday’s bloodbath as U.S. President Donald Trump assures supporting industries amid this ongoing COVID-19 outbreak that has disrupted the global economy.On Monday, Dow Jones suffered its worst day after the “Black Friday” market crash of 1987 as fears of coronavirus continue to mount further. The Dow Jones crashed 12.9% i.e. nearly 3000 points closing at 20,188 levels. Just at the Monday opening, Dow Jones triggered a circuit breaker halting...

European markets rallied, but then lost some of their gains, while markets in the Asia-Pacific region were mixed on Tuesday as investors tried to grapple with a disastrous Monday on Wall Street.European equities started its trading higher on Monday following new development regarding the coronavirus vaccine. Also, the Union decided to close its external borders. The first human trial to evaluate a candidate vaccine against the new coronavirus has begun in Seattle yesterday, raising hopes in...

The stocks of JPMorgan and Citi are falling, showing a decrease of 17.71% and 19.27% (at opening) accordingly. The situation gave birth to fears regarding banks and coronavirus.Citigroup Inc (NYSE: C) lost 18%, sliding to $41,98 per share. Wells Fargo & Co (NYSE: WFC) lost 14%, drowning to $26,56 per the stock. As per the Bank of America Corp (NYSE: BAC), they have lost 15%, driving the stock price to $20,44. It seems like the banks are not prepared for the coronavirus attack. More than...

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...

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...

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,...

Donald Trump’s coronavirus test came back negative, his personal physician revealed on Saturday. According to the doctor, the test was performed Friday night and the president “remains symptom-free”.The United States President Donald Trump has tested negative for the coronavirus, according to a statement Saturday from the White House.Sean Conley, the physician to the president said:“Last night after an in-depth discussion with the President regarding COVID-19 testing, he elected to proceed....

Donald Trump declared a national emergency over the coronavirus pandemic.The declaration frees up as much as $50 billion in financial resources to assist Americans affected by the outbreak.United States President Donald Trump declared a national emergency on Friday because of the fast pacing spread of the coronavirus. He stated this move will make up to $50 billion available for the fight against the virus.Trump stressed today’s action also includes urging hospitals to make “emergency...