Johnson & Johnson (NYSE: JNJ) stock lost 5.64% on Friday and is 2.33% down today. The company’s CEO Alex Gorsky reassured that the company will have important data by the end of the year to offer a coronavirus vaccine.In the race for the search of a coronavirus vaccine is an American multinational corporation, Johnson & Johnson (NYSE: JNJ). However, things are not all rosy for its stock market which has been falling for the past two months. As a result, all the gains made from late...
Read More »Disney (DIS) Stock Lost Over 9% on Friday, Is in Red Today, Disney+ Is Launching in Europe
Disney (DIS) stock price is falling due to the poor performance of its “Onward” movie. COVID-19 is causing disruptions in the entertainment industry apparently. Meanwhile, Disney+ is launching in Europe.The Walt Disney Company (NYSE: DIS) stock price has dropped since the premiere of Pixar’s new feature-length “Onward”. Sources say that this is because of falling demand from the theaters across the United States and beyond. On Friday Disney stock fell to $85.98 (-9.43%) at the market’s close....
Read More »Fintech Think Tank and Cardano in Legal Battle
The Z/Yen Group Limited recently took legal action against a blockchain developer, the Cardano Foundation. The core of the problem and the cause of the lawsuit dates back to 2017 and is related to an agreement between the former research partners.Business partnerships are usually great at the beginning. However, sometimes unpredictable things happen and they fall apart. That is fine if the parting terms suit both sides, but in the case of the Cardano Foundation, the separation from the former...
Read More »Dow Futures Lost 4.5% on Friday, Asian Market Nosedive as U.S. Fiscal Stimulus Bill Stalls
The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.The coronavirus pandemic continues to hit the global markets and the number of infected cases is on a steep rise. The U.S. Stock futures plunged in the early morning on Monday as Wall Street awaits an economic stimulus from the Trump government.Today, early morning 6 am, the...
Read More »Bank of China Disqualifies Claims that Bitcoin Can Be Safe Haven
The Bank of China went to the WeChat platform to highlight its concerns about Bitcoin. In a long post titled “3.15 protection of financial consumption rights and interest”, the bank warns the public on the risks of investing in Bitcoin.In a series of posts on WeChat, the Bank of China vehemently disqualified claims that Bitcoin can be classified as a safe haven, due to its high volatility especially in this period of coronavirus outbreak. The post which was titled, ‘3.15 protection of...
Read More »Tom Barrack Warns on Collapse of Commercial Mortgage Market
Tom Barrack, the head of Colony Capital real estate investment firm, claims that the next big crisis can be harder than the Great Depression. He suggests that the market needs an additional supply of liquid cash, as well as borrow system restructuring until 2024.Per the U.S. based commercial mortgage market shark, Tom Barrack, the market signs are telling that the collapse is imminent. The borrowers must not fall into default, because this would mean a domino effect for the industry.Barrack...
Read More »Ripple’s XRP Is Not Used by Intermex for Its Mexican Remittances
Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.”...
Read More »Oil Prices Rose after Their Worst Week since 1991 but Started Falling Again
Oil prices seem to get better after a horrible week. OPEC may resume pumping the markets with fresh oil.Oil prices have recovered from the previous lows. Last week was one of the worst weeks in history since the global oil industry decided to start tracking prices. Sources say that prices rebounded slightly showing signs that the price drop may reverse. This also shows that things may not as bad as everyone thought. facing falling demand, the global oil industry went into a tailspin. This is...
Read More »Upcoming Bitcoin Halving Is 51 Days from Now and Could Save Crashing Crypto Market
All eyes are on Bitcoin halving scheduled in mid-May 2020 to retrieve the lost glory of Bitcoin. Amid the COVID-19 outbreak, Bitcoin price has corrected over 40% in just the last month.The COVID-19 pandemic has severely hit not only the traditional markets but also the cryptocurrency markets. The overall cryptocurrency market has corrected nearly 40% in just the last month. The world’s largest cryptocurrency Bitcoin has also corrected 40% during the same period. This market crash has wiped...
Read More »Bitcoin Price Under $6,000 Despite Increased Interest in Purchasing BTC on Google, Baidu
Bitcoin price experienced a slight fall under $6,000, despite the fact that people started to look more into what is going on in the sphere. The peak of searches comes on the 13 March, when BTC had one of the scariest falls in the last months.Baidu is the largest search engine in China. They are aiming at competing with Google in the Asia Pacific region. Per the stats from a Chinese report showcased by Cointelegraph, Chinese people are looking into what is Bitcoin. The search request on Baidu...
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