Tesla (TSLA) stock has plunged as the company has announced a delivery delay caused by the fears related to the coronavirus epidemic.Much to the disappointment of many, Tesla (TSLA) stock has begun to fall amid the coronavirus. Tesla, which has been on a very impressive and largely unprecedented surge for a while now, has shed some of its weight because of a delivery issue connected to the epidemic.TSLA Stock CrashOn Wednesday, Tesla vice president Tao Lin announced that the company might...
Read More »Tesla Decides to Close Its Stores in China Due to Coronavirus Fears, TSLA Stock Is in Red
Tesla has been affected by the pressure from the coronavirus outbreak in China, where it has decided to temporarily close all its stores. The move will delay unit delivery to customers who had ordered. TSLA stock price is falling.The American electric automaker company Tesla has temporarily closed its stores in the entire mainland China due to fears of coronavirus spread. The move was not welcomed warmly by the customers who were waiting for unit delivery in February. As a result, in the...
Read More »Bitcoin Price Is Moving Up Again while Number of BTC Users Hits 23 Million
Yesterday, BTC price was back to growing. Today, on Thursday, February 6th, the asset continues its growth mostly around $9,700.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysis.Number of BTC transactions has exceeded 500 million.Commission for transfer in BTC worth 460 million USD was less than 1 USD.Bitcoin price is moving higher. As we can see in the weekly chart, Bitcoin is forming a steady rising wave. In this case, the upside target is the resistance level at...
Read More »China Cuts Tariffs on $75 Billion Worth of U.S. Goods, Stock Markets Rally in Response
China has announced that next week, it will cut tariffs on US goods by half. Stocks in China, as well as in other countries, have reacted positively to this statement.On Thursday, China said it will cut down tariffs on more than a few U.S. goods. Chinese authorities announced it will reduce tariffs placed on these goods worth $75 billion by 50%.China Cuts Tariffs as Trade Tensions ImproveChina had initially announced tariffs on these goods on Sept. 1. 2019. The tariffs were in retaliation to...
Read More »Verizon Media Launches Personal Finance Site for Millennials Called Cashay
Verizon Media, that is dedicated to transforming the way people stay informed and entertained, has announced the launch of a new site for generation Z. The site is called Cashay.Verizon Media (a division of Verizon Communications) in its quest to capture the attention of millennials launched an entirely new site called Cashay. It is dedicated to inculcating millennials into the intriguing world of finance and make the tricky process look easy and seamless.The new site will feature a mixture...
Read More »Coronavirus Updates: China Decries International Travel Restrictions Even as Death Toll Nears 600
The new coronavirus strain which originated in China has spurred a few related developments. Here are some updates we’ve compiled.Coinspeaker has a few updates sparked by the undesired effects of the coronavirus as it continues its fatal spread in China. The government in China, is currently taking several measures to control the spread. Similarly, other countries are doing the same. However, the Chinese government is unhappy with the restrictions.China Decries Coronavirus Travel...
Read More »Qualcomm (QCOM) Stock Soars as Q1 Earnings Top Wall Street Forecasts
Qualcomm (QCOM) stock positively reacted to the optimistic figures in the company’s Q1 earnings report. The net income in that fiscal quarter was $925 million.Leading Technology Firm Qualcomm Inc. shares experienced a new rise, as QCOM stock has managed to top the earning table on Wall Street, making the firm one of the most valuable at the moment in the stock exchange market.Mobile technology firm and one of the very few proponents of the 5G network Qualcomm Incorporated shares rose steadily...
Read More »Jack Dorsey-backed Lightning Labs Secures $10M to Create Visa-like Network for Bitcoin
CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing.Through a medium blog post, Lightning Labs CEO and Co-founder Elizabeth Stark announced that the tech company had raised a $10 million Series A capital. The raised capital will be used to further its lightning payment system project that is being...
Read More »FinTech Startup Revolut Eyes Entry in U.S. Market and Plans to Shift Base to Ireland
Having moved its operations to Dublin due to Brexit issues, Europe’s popular fintech startup is planning to join Monzo and N26 in the competitive U.S. market. In the U.S., Revolut will specifically target exchange students and business travelers.London-based fintech firm Revolut is now planning to move its operations to Ireland’s capital city Dublin and Lithuania. This decision from the startup comes as the UK moves out of the European Union with Brexit.In the last few years, Revolut has...
Read More »Bitcoin Price Hits $9700 in 2020 While Bitcoin Network Surpasses 500 Million Transactions
The last time Bitcoin was this high was in October 2019. Now, marking a new high of $9,700 for 2020, Bitcoin has provoked hot discussions about possible $10,000 in the nearest future.In terms of highly volatile conditions, Bitcoin price has surprised with a new record. Bitcoin has hit $9700, marking a new high for 2020 and leading to hot discussions about possible $10,000.On February 3, Bitcoin reached just over $9,500. The next day, it traded slightly below $9,200 and closed at $9,171. On...
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