markets

NYSE will temporarily close its trading floor and move to electronic trading only

The New York Stock Exchange will close its trading floor on Monday, March 23 and fully move to electronic trading, the exchange’s operator Intercontinental Exchange announced today. The actual physical locations that will close are the NYSE equities trading floor...

As the world waits for more economic stimulus, stocks stabilize following Monday’s market rout

Investors seem to be taking a wait-and-see approach to the markets right now, after a bumpy evening where a Presidential tweet and commitment of economic support seemingly sent traders to smash buy buttons before realizing that there was no...

Can investors invoke so-called force majeure clauses to get out of deals? Expect some to start trying

Event organizers were the first to be hit hard. As fear of the spread of COVID-19 began to sweep cities and countries around the world last month, one by one, large conferences with long uninterrupted histories —  Mobile World...

US slashes federal interest rates in response to the coronavirus pandemic

The Federal Reserve announced today that it has slashed interest rates as part of an effort to stabilize the economy following a rocky week on the financial markets. The bank’s Board of Governors cut interest rates to near-zero, the second time...

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...

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...

Turbulent trading leads to market gains as stocks recover, SaaS lags

Sometimes, it takes only the promise of a massive government bailout to put that rose-colored filter on the effluent sandwich of today’s economic realities. After yesterday’s terrifying sell-off, American equities recovered today, with the major domestic indices rising to close...

Wall Street’s terrible, horrible, no good, very bad day ends with the Dow down 2,000

At least it’s over. The markets endured their worst day of trading of this young year as the Dow Jones Industrial Average dropped 2,000 points to close at 23,850.79  — a 7.79% decline. The Nasdaq Composite Index fell 624.94, to...

Stocks fell sharply today, bringing yet more unwelcome volatility to tech shares

Are you tired of TechCrunch reporting on the daily stock market gyrations? Well, we’re tired of writing about them. And yet here we are, because stonks yet again did wild things that we have to talk about. Markets are still...

5G is now live in 24 markets, GSMA predicts it’ll be 20% of global connections by 2025 — and eyes a big tech break-up

The next-gen flavor of mobile connectivity, 5G, is now live in 24 markets globally, per global mobile industry association the GSMA — which has just published its annual state of the global mobile economy report. The cutting edge network...
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Mexican scientists develop microchip for quick and cheap tests of coronavirus

The device created by Mexicans would determine in less than an hour whether or not someone is infected with Covid-19. Mexican scientists disclosed that they...

Identify page offering fake Netflix memberships for quarantine

Users were forced to enter a league that supposedly gave free access to the platform's catalog The quarantine It has been quite difficult for thousands...

Google Play prepares to offer ‘free’ movies and series

Google Play Movies & TV could make a wide catalog of movies, series and television shows available to the public on one condition. Google wants...

South Korea exceeds 10,000 infected, with 60% already cured

The Asian country, which became the second most affected by the virus, has managed to implement a program that combines mass testing of those...