Skip to main content

Posts

Showing posts from November 19, 2020

Thursday - Vaccines's efficacy impact on the market is shadowed by the rise in number of cases and unemployment

 US stock futures are mostly lower this morning, with NSDAQ being nearly 1% in the red zone. Number of covid cases are rising to more than 159k per day. What was unexpected was an increase in the new unemployment cases, reaching 742k. Also the new restrictions from NY in person schooling is impacting the market. With current efficacy rates announced by major vaccine providers, ending this pandemic is on the horizon, however, without a stimulus, the impact of economical recovery will not be sustainable for many business. Apple reached a $113 million agreement as a penalty for slowing down their older iPhones to mask battery issues and sell new phones. Google will launch Plex Account as an online banking addendum to their G-Pay in 2021. This was mainly in partnership with Citibank and Federal Credit Union. Facebook has released an experimental app called E.gg where users can create web pages that lets you express your favorite film, music, books and etc. Let me know what you think. K...