Tag: earnings
Stocks gain as governments around the world pledge to prop up the global economy
In a volatile trading session that saw the White House signal intentions to release the largest stimulus package since the great recession of 2008, American stocks made up for yesterday’s losses with major indices rising sharply. The return to gains was welcome after stocks posted huge losses to begin the…
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All major indices take a hit as COVID-19 pandemic continues
All major indices fell sharply Monday as the COVID-19 pandemic continued its spread, prompting airlines to slash capacity and state and local officials to close schools and businesses like restaurants and bars. Stocks accelerated their fall in the waning minutes before the markets closed Monday as Wall Street reacted to…
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Stocks spike as President Trump declares national emergency
President Donald Trump’s national emergency declaration, which began just a half hour before the market closed, pushed stocks higher Friday, providing at least temporary relief to shares that have been throttled this week on fears of the COVID-19 pandemic. Trump detailed several measures under the national emergency declaration, including freeing…
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As remote work booms, Slack stumbles
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. As COVID-19 continues to change how many workers and students approach their daily labors, demand for some remote work friendly products is booming. As TechCrunch recently explored, some startups are seeing…
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Stocks sharply rebound as markets rally on expectations of government bailout, testing
As America’s fractured Congress inches closer to an agreement on a comprehensive bailout for the economic hardships businesses and workers are facing due to the COVID-19 pandemic, stocks are poised for a big rally on Wall Street. The move is more than welcome after stock markets recorded their worst day in…
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Stocks dive on Dow’s worst day since 1987, tech crashes, and Bitcoin is no haven
Well, that was terrible. During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently scarred to institute failsafe measures for the future, to prevent…
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