Finance
-
394Bitcoin price rockets 23% as investors look for a new safe haven. ‘The crypto king is on fire.’
Reuters Bitcoin prices surged more than 23% to at least $6,600 in a single day after a 30% year-to-date drop. Investors have...
-
372‘Central banks are on their A-game’: Stocks, oil, and bitcoin rally as stimulus efforts temper coronavirus fears
Reuters / Brendan McDermid Markets were a sea of green Friday as investors backed authorities’ efforts to mitigate the economic fallout from...
-
Governor estimates 56% of Californians will be infected with coronavirus, asks Trump to deploy hospital ship ‘immediately’
California Gov. Gavin Newsom in a letter to President Donald Trump on Thursday asked to “immediately deploy” a United States Navy hospital...
-
Worse than the 2007 ‘Quant Quake’: Huge quant names like Schonfeld and Bridgewater are getting slammed as market chaos blows up computer-driven trades
Quant funds have been slammed over the last couple of days, with big names like Bridgewater, Schonfeld, and Renaissance taking a hit. ...
-
399The economic outlook for Americans just plummeted the most since the financial crisis as coronavirus threatens recession
Mike Blake/Reuters US consumers’ economic confidence sank the most since the financial crisis in March, according to Bloomberg’s Consumer Comfort index. The...
-
Leaked Tesla email contradicts layoff reports, says ‘essential’ employees should go to work at plant in coronavirus shelter-in-place zone (TSLA)
There is still some confusion at Tesla’s Fremont, California plant which is located in a county ordered to shelter-in-place to mitigate the...
-
555The worst global recession since World War II: Deutsche Bank just unveiled a bleak new forecast as coronavirus rocks economies worldwide
Evan Agostini/Invision/AP Deutsche Bank sees the world plunging into a coronavirus-fueled recession in the first half of 2020 before a soaring recovery...
-
366US jobless claims surge to 2-year high as unemployment spikes on coronavirus
REUTERS/Fred Prouser New data around weekly unemployment insurance claims offers an early glimpse at how severe of a toll coronavirus will take...
-
385The European Central Bank has launched a ‘bazooka’ $820 billion pandemic fund to aid markets. ‘There are no limits.’
Reuters The European Central Bank (ECB) has unveiled a new €750 billion ($820 billion) response to the coronavirus in a bid to...
-
Elon Musk says on Twitter that his factories will make ventilators if there is a shortage due to coronavirus
Tesla and SpaceX founder Elon Musk pledged on Twitter to repurpose his factories in order to produce ventilators if the US faces...