Tag Archives: Story of the Day

Five pharmaceutical companies across the globe lead the race in producing the first approved COVID-19 vaccine. Wall Street is likewise on alert for banking on the first company to produce an efficient one.As the battle against the spread of coronavirus outbreak across the world intensifies, many companies are working to put themselves at the forefront in producing viable COVID-19 vaccine.Producing a vaccine for human testing and adoption to address the Coronavirus outbreak remains as crucial...

Though Bitcoin (BTC) is experiencing its worst sell-off in the last 7 years, the smart money is preparing for a golden bull run after the next halving that is said to happen in 43 days.While coronavirus is raging all over the world, investors are wondering what will happen to Bitcoin and altcoins, especially after BTC halving. We all already know that halving is happening soon but let’s start from the beginning. As part of Bitcoin issuance, miners are rewarded a certain amount of Bitcoins...

IMF chief Kristalina Georgieva said that the global economy is now in a recession due to the impact of COVID-19. “We should not go with small measures now when we know that it is a gigantic crisis,” she said.International Monetary Fund chief Kristalina Georgieva has stated that the global economy is now in a recession due to COVID-19, Bit she added that she’s “heartened to see world leaders finally realizing that only a coordinated effort will be able to stem the spread of the novel...

The past several weeks have been chaotic everywhere in the world as the coronavirus outbreak threatens economies in both the West and the East. McKinsey explained what new challenges businesses have today.We are all aware nowadays that the novel coronavirus affected the world markets. If we are talking about cryptocurrencies, Dow Jones or commodities it affected them all. Also, it affected people and their ability to invest. We already wrote that the management and consulting company McKinsey...

Well, the jobless figures and the economic outlook seem pretty bleak for the coming few quarters amid coronavirus, here is how the market is reacting to the situation. Is any further damage already priced-in?On Thursday, March 26, Dow Jones surged 6.38% closing the day 1351 points higher at 22,552 levels. This has been the index’s biggest 3-day surge since 1931. Just in the last three days, Dow has added nearly 4000 points to its rally.However, it was all surprising to see the markets rally...

U.S. stock market led by the Dow futures turned positive despite the negative data on jobless claims that shot to historic figures of more than 3 million. The number of jobless claims even surpassed the Great Recession peak of about 695,000.During the early trading hours on Thursday, the U.S. stock futures led by the Dow Jones showed signs of recovering, despite the initial release of jobless claims that recorded the worst in recent history. As a result of the ongoing coronavirus, layoffs...

Bill Gates, Microsoft сo-founder, shared his thoughts about the current state of the healthcare system and ways to fight coronavirus. He explained what measures he would implement if he were the U.S. president.Although not a one-man show, coronavirus is proving problematic to many nations, and a strict leader needed to keep people safe. One man who has been at the forefront of coronavirus pandemic outbreak in the world is none other than Microsoft co-founder and philanthropist Bill Gates. In...

Dow Jones has seen a path to recovery after the Federal Reserve announced major stimulus measures on Monday. Here’ a look at how this fiscal stimulus might help to overcome the existing economic challenges.On Monday, March 23, the White House and the Senate agreed to introduce a stimulus package to combat this economic meltdown caused due to the coronavirus pandemic. Soon after, the markets showed a renewed sense of optimism.On Tuesday, the Dow Jones Industrial Average surged over 10% moving...

India is going on a nationwide quarantine. For at least the next 24 hours all Indians are discouraged to go to the streets. Also, the WHO thinks that the United States can become the next hot spot for coronavirus pandemic.Great Britain, India and many other countries already imposed hardcore quarantine. The coronavirus, U.S. markets, and overall uncertainty makes people go hoarding. Coronavirus spreading across the planet is causing much panic from the government and investment sides too. All...

U.S. Senate leaders and the Trump administration neared an agreement on a massive stimulus bill that could inject $2 trillion into the economy to blunt the impacts of the coronavirus.The United States Democratic party said it is working on a big stimulus bill in response as an answer to the coronavirus epidemic and its economic impact. A version of the bill is dated March 22 and it has been circulating includes a passage that, if passed, would lead to the creation of a “digital dollar” to be...