JPMorgan Chase (JPM) stock price remained in the neutral territory today in the pre-market as strategists say that the worst is over for the financial markets. As the trading opened, JPM started falling.
As Amazon predicts, its Q1 2020 net sales will rise by a range of 16% and 22% to hit $73 billion. In addition, the company has boasted more members already joined its subscription program. AMZN stock is rising in the pre-market.
The Australia government has announced its plans to release $80 billion to rescue jobs affected by the coronavirus. This brings the total stimulus package to A$320 billion, as the world confirmed coronavirus cases surpasses 700,000.
The director of the National Institute of Allergy and Infectious Diseases has said that strict measures for social distancing are the demand of the hour. Well, if the U.S. fails to bring the death rate under control, the economic implications could be severe further.
Tesla (TSLA) stock is 0.65% down at the moment of writing, or $511.00. Tesla still remains one of the best performers on the market. In the past week alone, its shares moved over 40%.
Opera has announced major updates on Web 3 capabilities and a built-in crypto wallet for its mobile and computer users. Opera blockchain browser services are now available to the entire EU as well as to Australia, New Zealand, Mexico and Switzerland.
Yesterday, it was the second time during the week when Bitcoin performed a deep dive. The short positions must be very profitable as Bitcoin’s volatility makes it bounce back to $6,200. Experts claim the $5,000 level is possible.
Despite the pressure from Washington, Saudi Arabia and Russia failed to come into a common agreement of oil supply cut to stabilize the price. The crude oil price has dipped to its lowest in 17 years. Oil is trading at $23.03 on Monday morning.
With the U.S. government announcing a $2 trillion stimulus package to combat the impacts of COVID-19, here’s what Americans should know to receive the payments. Using a special calculator, you can easily find out what you may get.
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.
From the beginning of its inception, Bitcoin was worth cents but had indestructible inner value. In the darkest days of humanity, only rare things will have value. Bitcoin and other cryptocurrencies can become the vaccine from the financial crisis.
It seems that Samsung range of smartphones might be the first of many to hit the market in the years to come owing, among other things, to blockchain and crypto adoption by the company.
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.
Abbott Laboratories gets FDA approval on its coronavirus test m2000 RealTime System, which takes a 5-minute minimum to get the results. ABT stock rose nearly 2% after hours to trade around $76 though on Monday its price was $62.
Dow Jones started the day with losing 1,058 points, or 4.7%. The S&P 500 was down 4% and the Nasdaq was 3.87% lower. Alphabet (GOOGL) stock is in the red as well.