Equities on major United States stock markets closed the trading session on Friday mostly lower, ending the worst week since the 2008 financial crisis. The Dow Jones and S&P 500 each dropped 12% and 11% in a week.Wall Street went through a historic drop this week all “thanks” to fast-spreading coronavirus that worried investors and traders. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the World Trade Organization (WHO) updated the coronavirus global risk to...
Read More »Game Developers Conference Canceled on Grounds of Risks Associated with Coronavirus
The Game Developers Conference (GDC) has become one of the major events that have been called off due to the coronavirus spread over the world.The Game Developers Conference, which was to be held in San Francisco, has been canceled due to the ongoing coronavirus outbreak that is spreading all over the world. The organizing team has announced that they have officially canceled the event, which was scheduled for this March. However, they are hoping to reschedule it for a later date in the...
Read More »Amazon (AMZN) Stock Down 4% on Thursday, Walmart Working on Amazon Prime Competitor
With AMZN stock down 4%, the e-commerce is facing competition from Walmart that is working on a new service Walmart+ to surpass Amazon Prime. As coronavirus reaches for more countries outside China, tech companies are suffering stock collapse. This week, Apple Inc (NASDAQ: AAPL), Exxon Mobil Corporation (NYSE: XOM) and Intel Corporation (NASDAQ: INTC) plunged 6% each. AMN Healthcare Services Inc (NYSE: AMN) and Nvidia Corporation (NASDAQ: NVDA) dropped 7.3% and 5.6% respectively. Further,...
Read More »AAPL and MSFT Stock Down around 7%, Coronavirus Fears Drive Tech Shares Crazy
Tech stocks are negatively influenced by the coronavirus and are falling seriously. The most significant drops were demonstrated by AAPL and MSFT yesterday.Most of the tech stocks fell yesterday notably.First, it was Microsoft Corporation (NASDAQ: MSFT) that said it will not meet its guidance.Microsoft (MSFT) and CoronavirusPrecisely, it wrote, quite worrying letter to investors in which it says:“Because of closely monitoring the impact of the COVID-19 health emergency, for the third quarter...
Read More »Dow Jones Plunged 1000 Points as CDC Warns of Possible Coronavirus Outbreak
The global markets have been bleeding for the fourth straight day in a row after the U.S. Health officials warned against a possible coronavirus outbreak. In just four days the S&P 500 has crashed over 10% registering its fastest crash to date. Dow has lost 1000 points.Things are clearly not looking good for the global markets as threats of a global coronavirus outbreak intensifies. On Thursday, the Dow Jones dropped 4.5% over 1000 points dragging down several bluechip stocks as well!On...
Read More »Microsoft (MSFT) Stock Down 2% as Company Warns Coronavirus May Impact Q3 Earnings
Microsoft (MSFT) stock fell 1.76% in pre-market trading on Thursday, a day after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows.Microsoft Corporation (NASDAQ: MSFT) said on Wednesday it probably will not meet the quarterly revenue guidance due to the coronavirus it previously said it will. In the official statement, the company said that on January 29, as part of its second quarter of the fiscal year 2020...
Read More »Microsoft (MSFT), Square (SQ) and Other Stocks Shifted Big in After-Hours Trading News
Some companies had their stocks in the news recently as prices changed for different reasons. And one of them is the ongoing coronavirus outbreak.At pretty much any point in time, the movement of the individual stocks in the equities markets all over the world easily makes news. Analysts are always with their ears to the ground, trying to figure out why certain stocks are performing the way they are. If they soar, most times, it’s a direct effect of certain market factors or decisions the...
Read More »Amazon (AMZN) Stock Down 2% on Tuesday, Company Is Preparing for Coronavirus Troubles
Thousands of Amazon.com Inc. sellers who built their businesses using China’s cheap and efficient manufacturers are on the spot as the coronavirus shuts factories there. AMZN stock was down on Tuesday but seems to start growing in the pre-market.Amazon.com Inc (NASDAQ: AMZN) is allegedly doing everything it can to stock up on inventory as the coronavirus (COVID-19) spreads at a rapid pace. Worries about it becoming a pandemic rise and people are buying everything from the stores (like this...
Read More »Is Artificial Intelligence Poised to Come of Age?
Once AI has transformed into a lifelong-learning system across industries, individual users and big corporations alike will notice its more than dynamic insights.Artificial Intelligence (AI) in 2020 and beyond, with its seemingly limitless potential, is set to transform the world – or is it? To fully embrace and reap the rewards of this futuristic technological trend, industries as far afield as a business forecasting and online gambling security, predictive maintenance and customer service...
Read More »Tesla (TSLA) Stock Hit Hard by Coronavirus Fears, Lost 7% on Monday but Is Up After Hours
As a result of coronavirus fears, Tesla (TSLA) stock is hit hard, while other companies are also suffering. Three major stock indexes have plunged.After a sustainable growth, Tesla Inc. (NASDAQ: TSLA) stock plunged more than 7% on Monday. Closing down 7.5%, the company’s shares ended the day at $833.79. Tesla stock is hit hard as a result of the sell-off driven by coronavirus fears. However, it’s worth mentioning that after hours the price is moving up. Now the TSLA price is around $854...
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