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Uber Stock Jumped 11% Yesterday, Rises 6% in Pre-market Despite Q1 2020 Losses of $2.9B

By Bhushan Akolkar May 8, 2020 • 3 mins read

Uber reported one of its worst quarterly performances during Q1 2020 registering a net loss of $2.9 billion. With its business going on a tailspin due to the global lockdown, the company plans to trim 17% of its workforce this year. Uber stock price is going up.

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ZM Stock Rises 5% after Zoom Acquires Keybase to Build End-to-End Encryption

By Darya Rudz May 8, 2020 • 3 mins read

Zoom has announced an acquisition of Keybase. In the nearest future, Zoom is planning to provide an end-to-end encrypted meeting mode to all paid accounts. Keybase, for its part, will offer its help to Zoom to develop new capabilities for its platform. ZM stock is rising.

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Moderna (MRNA) Stock Rises 10% after FDA Approves mRNA-1273 Vaccine for Phase 2 Trial

By Darya Rudz May 7, 2020 • 3 mins read

Phase 2 trial of Moderna’s coronavirus vaccine will shortly begin and enroll 600 participants. The company is also planning to begin phase 3 trial as early as this summer. MRNA stock is 10% up now.

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TSLA Stock Up 2% Yesterday, Slightly Down Now, Tesla Prepares to Reopen Fremont Factory

By Christopher Hamman May 7, 2020 • 3 mins read

Tesla (TSLA) stock price rose yesterday as reports emerged that Elon Musk plans to reopen its Fremont California factory this week. However, today TSLA stock is slightly down.

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PayPal (PYPL) Stock Up 12% Now after Q1 Earnings Report

By Steve Muchoki May 7, 2020 • 3 mins read

Paypal (PYPL) stock price is rising today. Now the stock is over 12% up. The rise is attributed to the first quarter 2020 results released yesterday.

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Gilead (GILD) Stock Rises 0.68% in Pre-Market as Japan Set to Approve Remdesivir Today

By Christopher Hamman May 7, 2020 • 3 mins read

Gilead (GILD) stock price is rising slightly after the Japanese government indicated that it could grant approval to its remdesivir drug to be used in the fight with COVID-19.

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Virgin Media and O2 Owners Confirm $38B Merger in UK

By Teuta Franjkovic May 7, 2020 • 3 mins read

Liberty Global and Telefónica have struck a deal to combine their British operations O2 and Virgin Media in a $38B merger that will reshape the UK’s telecoms market. The two companies announced the deal after five months of negotiations.

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Amazon (AMZN) Stock Up 1%, Will Jeff Bezos Turn Amazon into a Delivery Machine?

By Steve Muchoki May 7, 2020 • 3 mins read

Amazon (AMZN) stock closed yesterday with $33.46 on top to trade at $2351.26. Does Jeff Bezos want to turn Amazon into a delivery machine that competes with FedEx and UPS?

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MSFT Stock Rises by 1% as Microsoft Unveils Surface Go 2 and Surface Book 3

By Christopher Hamman May 7, 2020 • 3 mins read

Microsoft (MSFT) stock rose by 1% as the Redmond Washington Technology giant announced new devices including Surface Go 2 and Surface Book 3. The company also unveiled a release date for its Surface Earbuds, Apple’s AirPods competitor.

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Papa John’s (PZZA) Stock Down 0.46% Now after Company Reports Best Month in Its History

By Steve Muchoki May 7, 2020 • 3 mins read

Papa John’s (PZZA) stock rose yesterday after hours but is down now in the pre-market after the company announced Q1 2020 results. April is said to be the best month in the company’s history.

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SQ Stock Down 4% Now, Bitcoin Revenues in Square Cash App Top Fiat Revenues in Q1

By Bhushan Akolkar May 7, 2020 • 3 mins read

Although the company’s losses have jumped higher, the revenue for the Square Cash App has also gone significantly higher. The good thing is as businesses shift towards online presence, Square has seen some big merchants joining its platform during the pandemic period. SQ stock is down now.

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Lyft Stock Rises 16% as Company Reported Higher than Expected Q1 Revenue and Rider Number

By Christopher Hamman May 7, 2020 • 3 mins read

Lyft stock price started to rise yesterday after hours when the company revealed its Q1 report. The numbers are still not very impressive but Lyft is doing better than expected.

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Peloton (PTON) Shares Up 15% in Pre-market, Sales Surge 66%, More People Buy Bikes Now

By Darya Rudz May 7, 2020 • 3 mins read

Peloton has seen a 66% surge in sales and generated $524.6 million in total revenue for the fiscal third quarter that ended on March 31. $98.2 million came from subscriptions, which is 92% higher year over year, and $420.2 million came from product sales, 61% up. PTON stock is up.

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General Motors (GM) Stock Rises 4% as Automaker Releases Q1 Earnings Report

By Tolu Ajiboye May 6, 2020 • 3 mins read

General Motors (GM) stock has climbed as the company announced its earnings report from the first quarter of 2020. General Motors reported $294 million in profit.

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Tesla (TSLA) Stock Nearly 1% Up, Jim Cramer Believes It’s Time to Buy

By Christopher Hamman May 6, 2020 • 3 mins read

Tesla (TSLA) stock price is rising, TSLA is trading at around $770. Jim Cramer said that Tesla shares are at a great entry-level.