Tag: covid-19
Stocks fall again, pushing deeper into bear territory as SaaS reaches 1 year lows
American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs. Today’s carnage is…
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Bitcoin is also having a very, very bad day
Bitcoin is going through a remarkably bad day. It turns out all assets are having a rough month — including cryptocurrencies. A couple of hours ago, the average price of BTC dropped by 15% in just 20 minutes. On CoinGecko, 1 BTC was worth around $7,250 across different exchanges at…
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Asian stock markets fall as COVID-19 is declared a pandemic
American stock markets plunged on Wednesday, after the World Health Organization officially declared the spread of COVID-19 a pandemic. In Asia, meanwhile, almost all the major stock indexes were also trading lower the morning after the WHO’s announcement, with the Asia Dow Index down 4% by midday. Morning trading in…
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Twitter makes working from home mandatory for employees around the world in response to COVID-19
After “strongly encouraging” it earlier this month, Twitter said today that working from home is now mandatory for all employees around the world due to COVID-19 concerns. In announcement, the company said “we understand this is an unprecedented step, but these are unprecedented times.” The World Health Organization officially declared…
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Establishing an emergency relief fund, Amazon commits to two-week pay for workers affected by COVID-19
With this initiative Amazon builds on the commitments it has made as one of several tech companies helping to financially support individuals impacted by the outbreak. Uber, Salesforce, Cisco, Microsoft, Lyft, Square, Twitter, Facebook, Google, and Apple, have all made commitments to pay hourly and other contingent workers impacted the COVID-19 outbreak. Yesterday, Google announced that it…
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White House asks tech leaders for help with coronavirus response
On Wednesday, U.S. Chief Technology Officer Michael Kratsios convened representatives from a number of the tech’s biggest companies to gameplan a response to the worsening global coronavirus pandemic. According to the Washington Post, the meeting, held remotely over the phone and through video calls, served as a brainstorming session for…
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