April 18th, 2025
Coronavirus Updates - Page 19
Le Bijou, Swiss Luxury Hotel, Now Offers COVID-19 Quarantine Apartments 24/7
By Steve Muchoki
April 2nd, 2020
Le Bijou, a Switzerland luxury hotel, has re-invented its service to provide its guests with world-class quarantine apartments. The hotel is offering healthcare workers fighting coronavirus a free of charge stay at its apartments.
TSLA Stock Down 8%, Tesla Could Make Li-ion Batteries for Ventilators to Fight COVID-19
By Darya Rudz
April 2nd, 2020
Tesla, whose manufacturing process is now at risk, will soon release its Q1 2020 report. Amid the predicted underperformance, Tesla (TSLA) stock is down. It closed at $481.56 yesterday.
HP Stock Fell Nearly 3% as Xerox Is Ending Hostile Takeover Bid for HP
By Christopher Hamman
April 1st, 2020
The Xerox-HP takeover bid has been suspended due to the COVID-19 situation. Yesterday, Hewlett-Packard (HPQ) stock lost around 3% and today it is falling in the pre-market.
European Markets Post Their Worst Quarter in 18 Years, Here’s What Will Happen Next
By Bhushan Akolkar
April 1st, 2020
With Europe turning as the epicenter of the COVID-19 outbreak, the European Central Bank has pledged $820 billion as part of the fiscal stimulus measures. Other central banks of France, U.K, and Germany are working on similar lines.
Technology Stock Prices in Decline in Q1 2020, MSFT and AMZN Performed Better than Others
By Christopher Hamman
April 1st, 2020
As COVID-19 continues to spread, technology stock prices have fallen in tandem with the general market. However, such tech stocks as MSFT and AMZN could also become the market leaders.
Dow May Fall 700 Points at Open, U.S. Predicts up to 240,000 Coronavirus Deaths in Country
By Steve Muchoki
April 1st, 2020
The Dow Jones Industrial Average is expected to dip 700 points further on Wednesday, after falling over 600 points at the end of March. This comes as the White House predicts 100,000 to 240,000 coronavirus-related deaths in the United States
Peloton (PTON) Stock Down 4%, Could Be Much Stronger after Coronavirus Shutdowns End
By Darya Rudz
April 1st, 2020
As gyms are closed, the demand for alternatives modes of working out has increased. And here comes Peloton that provides fitness solutions for at-home sports activities. Peloton (PTON) stock is expected to surge in the near future.
JNJ, MRNA Stocks Down Around 1.5%, J&J and Moderna to Produce Possible COVID-19 Vaccine
By Andy Watson
March 31st, 2020
The U.S government has partnered Johnson & Johnson and Moderna to facilitate the production of the possible COVID-19 vaccine in large quantities.
5 Companies Lead the Race in Producing the First COVID-19 Vaccine
By Adedamola Bada
March 31st, 2020
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.
Tesla (TSLA) Stock Is Moving 5.25% Up Today, Is It a Great Choice During Downtrends?
By Christopher Hamman
March 31st, 2020
Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.
GE Stock Rises 1.97% Today, General Electric Staff Protests at Company’s Headquarters
By Andy Watson
March 31st, 2020
General Electronic workers protest at the company’s headquarters after the announcement of a possible lay-off. However, GE stock shows a positive tendency.
Ford Stock Up 1.39% Now, Company Plans to Make 50,000 GE Ventilators to Fight Coronavirus
By Steve Muchoki
March 31st, 2020
Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.
FB Stock Rose 5.84% on Monday, Facebook Shares Expected to Go Up Nearly 30%
By Steve Muchoki
March 31st, 2020
Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.
Fed Says 47 Million of U.S. Jobs Are at Risk amid Coronavirus, Unemployment May Reach 32%
By Teuta Franjkovic
March 31st, 2020
Millions of Americans already have been laid off as states and localities shut down nonessential businesses. About 3.3 million people have filed for unemployment benefits in U.S.
Dow Jones Surges 690 Points, Stock Markets Rally Despite Rising Coronavirus Cases
By Bhushan Akolkar
March 31st, 2020
On Monday, the broader markets surged upwards while putting aside the concerns of the rising coronavirus cases. With Monday’s surge, the Dow is now 20% up from its COVID-19 sell-off low of 18,500.