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Tag Archives: Stocks

AMZN 25% Down in a Month, Amazon Goes Out of Stock for Household Items Due to Coronavirus

Amazon’s signature Prime Delivery and Grocery delivery services are facing delays due to overwhelming demand from customers on account of the COVID-19 outbreak. The logistical challenges are mounting for the company. AMZN stock is in red after hours.The coronavirus pandemic has created panic all across the globe with a massive surge in demand for household items. In a blog post on Friday, March 13, e-commerce giant Amazon.com Inc (NASDAQ: AMZN) warned that it is running out of stock for...

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AMZN Stock 1.5% Down After Hours, Second Amazon Employee Tests Positive for Coronavirus

In a memo to employees, Amazon has confirmed the second coronavirus case and notified all employees who came in contact with the infected person. Amazon has allowed remote working from home for all its employees through the month of March.E-commerce giant Amazon.com Inc (NASDAQ: AMZN) has confirmed another case of coronavirus COVID-19 from its Seattle office on Friday. Speaking to CNBC, Amazon has confirmed that the employee has been kept in quarantine for the time period. As for the Amazon...

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Trump Doesn’t Have CoronaVirus, Declares National Emergency

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....

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Tesla (TSLA) Stock Shows Volatility, Price Crashes to $500 Despite Dow Recovery on Friday

The Tesla (TSLA) stock price has crashed 45% from its 2020-high in less than a month’s time. Morgan Stanley has reduced the target for the Tesla stock and global economic concerns weigh in.Giving a much-needed breather to investors, the Dow Jones Industrial Average closed this week on Friday on a positive note. Crashing close to 21,000 levels on Thursday, Dow Jones made a quick recovery on Friday surging nearly 2000 points. However, Wall Street’s top performer for 2020, Tesla Inc (NASDAQ:...

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Bill Gates Leaves Microsoft Board of Directors, Focuses on COVID-19 Solution

Bill Gates co-founded Microsoft in 1975 with Paul Allen and was CEO until 2000. Gates was director of the board at Microsoft until 2014. But now he is leaving the board to focus on philanthropy.Microsoft said yesterday that its co-founder Bill Gates is stepping down from its board of directors. Gates co-founded Microsoft in 1975 and was acting as the chairman of the board until 2014. Back in 2008 he stepped back from day-to-day operations.Gates explained this unexpected move with the...

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European Shares Close in Green, EU Starts Fight with Coronavirus

European shares closed higher on Friday after their worst sell-off in history, as the fast spread of the coronavirus pandemic continues to dominate investor sentiment.European shares closed higher on Friday, following Thursday’s slump amid coronavirus. On the data front, German Destatis reported that the inflation in Germany rose 1.7% in February, while investors kept their eye on the developments in Italy, which is the hardest-hit country in Europe with COVID-19 outbreak. The coronavirus has...

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Bitcoin Tanks Hard; Falls to Lowest Point Since Last May

Bitcoin has crashed. There’s no pleasant way of saying it. At the time of writing, the world’s number one cryptocurrency by market cap has fallen into the low $6,000 range for the first time in virtually ten months following increased fear and panic from the coronavirus.Bitcoin Is Dropping FastFollowing news that President Donald Trump has invoked further travel bans to ensure Americans are not exposed any further, global markets everywhere tanked, with the Dow Jones falling another 2,000...

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Dow Jones Rebouncing, Investors Are Buying

Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.8%. The S&P 500 rose 5.2%, while the Nasdaq Composite jumped 5.7%.The Dow Jones Industrial Average index was more than 1,200 points higher at the open on Friday amid market recovery from yesterday’s fall.The Dow Jones jumped 5.32% at the opening bell. Intel Corp (NASDAQ: INTC) was among the best performers, adding 9.16%. The...

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U.S. Market Crash Coming? It Is Highly Unlikely as Markets Recover from Doldrums

The bears who thought that a U.S. market crash was coming have retreated as the markets recover slightly from Thursday’s onslaught. Further interventions by both the U.S. Government and the FED are also coming through.The U.S. market crash that many bears are expecting will most likely not come through. This is because markets are recovering from this week’s massive losses. Sources say that the markets made massive recoveries after yesterday’s losses. The losses reportedly went on throughout...

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Grounded by Coronavirus, United Airlines (UAL) and American Airlines (AAL) Stocks are Down 24.85% and 17.28%

Airlines are seeing a heavy reduction in the number of customers that patronize them, leading to a crash in their stocks.The coronavirus outbreak has seriously impacted a few industries, especially in the last few weeks. Of them all, airlines have probably been hit the hardest. Because of the nature of the outbreak, it’s near impossible for any of these companies to have prepared for it as much as needed. Around the world, many airlines have stocks that have plunged and are still taking a...

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